The profit of South China Gold and First Gold in the first nine months is close to that of the whole year, both setting new highs for the same period in history.

The profits of public shares and financial holdings are released! South China Financial Holdings (2880) and First Financial Holdings (2892) both achieved record high profits in the first nine months. South China Financial Holdings' 26.367 billion yuan surpassed First Financial Holdings' 26.225 billion yuan, temporarily taking the lead. The cumulative profits of the two financial holding companies are close to last year's full-year level. Among them, South China Gold is only 53 million yuan away from its full-year profit of 26.42 billion yuan in 2025. First Gold has also reached 97.4% of last year's full-year profit of 26.933 billion yuan. The full-year profit is expected to hit a new high.

South China Financial Holdings' self-reported after-tax net profit in September was 2.345 billion yuan. The cumulative after-tax profit for the first nine months was 26.367 billion yuan, an annual increase of 32.4%, and the after-tax earnings per share (EPS) was 1.88 yuan.

Huanan Jin said that the group's profit growth was mainly due to the solid core banking business, as well as the substantial increase in profits of non-bank subsidiaries such as securities and property insurance. Among them, the profits of banks in the first nine months increased by 13.1% year-on-year, accounting for approximately 77% of the group's profits; the profits of non-bank subsidiaries increased by 170% year-on-year, accounting for 23%, an increase of 12 percentage points from the same period last year, and the growth momentum of the dual engines continues to increase.

In terms of major subsidiaries, Huanan Bank's net profit after tax in the first nine months was 20.987 billion yuan, an annual increase of 13.1%. Benefiting from the steady expansion of the deposit business, the growth of wealth management and the adjustment of financial operation strategies, the three core incomes of interest, fees and financial operations have grown simultaneously. In the third quarter, loans increased by 169.3 billion yuan compared with the previous quarter, an increase of 7%, the net interest margin (NIM) increased by 5 basis points, and net interest income increased by 12% annually; net income from wealth management fees exceeded 13.8 billion yuan, an annual increase of 29%. South China Yongchang Securities' after-tax net profit in the first nine months was 4.248 billion yuan, an annual increase of 215%. Brokerage, underwriting and proprietary businesses all grew; South China Property and Casualty Insurance earned 1.675 billion yuan.

First Financial Holdings' net profit after tax in September was 2.375 billion yuan, a monthly decrease of 18.5%; the cumulative net profit after tax for the first nine months was 26.225 billion yuan, an annual increase of 20.9%, and EPS was 1.82 yuan, also a record high for the same period in history. First Gold stated that the fall in profits in September was mainly affected by the end of the peak dividend distribution season and the loss of financial product evaluation caused by the widening interest rate gap between Taiwan and the United States.

First Bank’s main subsidiary, First Bank, had a net profit after tax of 23.223 billion yuan in the first nine months, an annual increase of 13%, setting the best record for the same period in history. Although affected by the loss of financial product evaluation in September, net interest income and net fee income remained stable. Coupled with the reduction in withdrawal and deposit fees, this partially offset the impact of the decline in net income from financial products; the overpayment ratio remained at 0.16%, and the allowance for bad debt coverage rose to 864.09%.

First Gold Securities is the highlight of profit growth. The net profit after tax in the first nine months reached 2.005 billion yuan, an annual increase of 165.1%. Benefiting from the growth of investment position profits and underwriting business, the single-month profit in September also increased by 12.5%. However, First Gold Life turned from profit to loss in September, with an after-tax net loss of 15.85 million yuan. This was mainly due to the rise in U.S. interest rates, which reduced financial results by 101 million yuan from the previous month. However, the cumulative after-tax net profit for the first nine months was still 648 million yuan.