East Money Information Co.,Ltd. released its 2025 annual report on the evening of March 19. The company achieved a net profit of 12.085 billion yuan for the year, representing a year-on-year increase of 25.75% and reaching a new historical high. On the same evening, prominent technology-focused broker Tiger Brokers also disclosed its financial results. Tiger Brokers reported full-year 2025 revenue of $612 million, a 56.3% increase year-on-year, while its net profit surged to $187 million, up 164.7% compared to the previous year. Both revenue and net profit set new record highs for the company.

East Money Information's net profit exceeded 12 billion yuan, establishing a new peak. According to the annual report, the company's total operating revenue for 2025 reached 16.068 billion yuan, a 38.46% increase year-on-year. Net profit attributable to shareholders of the listed company was 12.085 billion yuan, up 25.75% year-on-year. Basic earnings per share stood at 0.765 yuan. Additionally, the company proposed a cash dividend of 1.00 yuan per 10 shares (before tax) for all shareholders.

Regarding subsidiaries, East Money Securities achieved an operating revenue of 13.672 billion yuan and a net profit of 8.878 billion yuan in 2025. Tian Tian Fund reported an operating revenue of 3.203 billion yuan and a net profit of 180 million yuan for 2024.

Breaking down the business segments, East Money Information's primary operations include securities services (East Money Securities, East Money Futures), financial e-commerce services (Tian Tian Fund), and financial data services. Specifically, securities services remained the company's largest revenue contributor, generating 12.535 billion yuan in revenue for 2025, a 47.59% increase from 2024, accounting for 78.02% of total revenue. The annual report indicated that East Money Securities recorded stock and fund trading volume of 38.46 trillion yuan in its brokerage business for the year. During the reporting period, East Money Securities obtained approval for market-making in listed securities, actively advanced market-making services for listed funds, strategically expanded market-making activities for stocks on the Beijing Stock Exchange and the STAR Market, and steadily developed its market-making operations for bonds in both the interbank and exchange markets.

The financial e-commerce services business reported revenue of 3.182 billion yuan in 2025, a 12% increase compared to 2024, marking a recovery after three consecutive years of decline. This segment contributed 19.80% to total revenue. Previously, revenue from this business peaked at 5.073 billion yuan in 2021 before experiencing a three-year downturn, influenced by reforms in public fund fee structures and a contraction in the scale of active equity funds, until it rebounded in 2025. The annual report highlighted that Tian Tian Fund developed a comprehensive service matrix through AI applications, establishing an integrated value system for users encompassing intelligent dialogue, intelligent fund selection, and intelligent investing. By the end of the reporting period, Tian Tian Fund offered fund products from 164 public fund managers, totaling 21,900 funds. The non-monetary public fund custody scale reached 770.133 billion yuan, while the custody scale for equity funds stood at 445.617 billion yuan.

The financial data services business generated revenue of 240 million yuan in 2025, a 25.18% year-on-year increase, accounting for 1.5% of total revenue.

Notably, on the expense side, East Money Information's research and development costs declined for the first time in recent years. In 2024, R&D expenses were 1.143 billion yuan; however, in 2025, they decreased to 1.067 billion yuan, down 6.66% year-on-year and even lower than the 1.081 billion yuan recorded in 2023. Major R&D projects included ten initiatives such as the post-training project for the Miao Xiang financial large language model, the innovative R&D project for the Miao Xiang investment research assistant, and the Tian Tian Fund data intelligence computing center. Examining the proportion of R&D expenditure to total revenue over the past three years, the figures were 9.75% in 2023, 9.85% in 2024, and 6.64% in 2025. Conversely, the number of R&D personnel increased, rising from 1,868 in 2024 to 1,973 in 2025, a growth of 5.62%.

Simultaneously, Tiger Brokers reported record net profit for 2025. Before the U.S. market opened on March 19, the prominent tech-focused broker released its unaudited financial data for the fourth quarter ending December 31, 2025. The financial data revealed that Tiger Brokers achieved full-year 2025 revenue of $612 million, a 56.3% year-on-year increase, setting a historical record. Non-GAAP net profit attributable to the parent company reached $187 million, surging 164.7% year-on-year, also a record high. Throughout 2025, the company accumulated 162,000 new funded clients. As of the end of the fourth quarter last year, Tiger Brokers' total global client assets reached $60.8 billion.

For the fourth quarter of 2025 alone, Tiger Brokers reported revenue of $176 million, a 41.5% increase year-on-year. Non-GAAP net profit attributable to the parent company for the quarter was $48.9 million, up 60.5% year-on-year. During the fourth quarter, Tiger Brokers added 29,700 new funded clients, driving the total number of funded clients to 1.254 million, a 14.8% increase year-on-year.

Wu Tianhua, Founder and CEO of Tiger Brokers, stated, "In 2025, Tiger's various businesses developed steadily, and our internationalization strategy advanced solidly. Both annual revenue and net profit achieved significant breakthroughs compared to the previous year, with net client asset inflows exceeding $10 billion. We continue to attract high-quality clients globally. Client assets in our Singapore headquarters grew over 50% year-on-year in the fourth quarter. The growth momentum in the Hong Kong market was even stronger, with client assets more than triple the figure from the same period last year, and the average net asset inflow per new client reached a new high of $43,000. Client assets in markets such as Australia and New Zealand also doubled year-on-year."