Soho Holly Futures Co., Ltd. (Holly Futures) released its audited results for the year ended 31 December 2025. Annual operating income decreased 20.53% to RMB 288 million, while net profit attributable to shareholders fell 86.61% to RMB 3.99 million. Earnings per share slipped to RMB 0.004 from RMB 0.030 in 2024, and return on equity narrowed to 0.21% from 1.60%.

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Total assets expanded 8.23% year-on-year to RMB 12.66 billion, driven mainly by a RMB 0.91 billion rise in cash assets to RMB 11.26 billion. Net assets attributable to shareholders edged down 0.63% to RMB 1.86 billion, keeping net asset value per share at RMB 1.85. The gearing ratio (excluding client funds) increased to 36% from 34%.

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The brokerage segment generated RMB 167 million in net fee income, down 3.8%, while interest income on client fund deposits dropped 44.37% to RMB 47.49 million amid lower rates. Asset-management AUM contracted sharply to RMB 1.06 billion (-93.43%), with related fee income halved to RMB 2.99 million. Holly Capital, the risk-management subsidiary, recorded RMB 42.05 million in revenue and RMB 8.89 million in profit.

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Operating costs declined 13.2% to RMB 283.82 million. General and administrative expenses were cut by 13% to RMB 269.21 million. Finance costs rose 30% to RMB 7.85 million, reflecting higher borrowing-related charges.

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The Board proposes a final cash dividend of RMB 0.04 per 10 shares, amounting to RMB 4.03 million, subject to shareholder approval at the 2025 AGM. This represents a payout ratio of roughly 100% of 2025 attributable profit.

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No material post-balance-sheet events, major litigations, or changes in the consolidation scope were reported. Auditors ShineWing Certified Public Accountants LLP issued an unmodified opinion on the financial statements.