Four Subsidiaries Drive Growth! Huanan Financial Posts Over NT$20 Billion in Profits for First Seven Months, Up 37.54% Year-on-Year to Record High

Huanan Financial (2880-TW) announced its latest earnings performance today (13th), revealing that its after-tax net profit for July reached NT$3.288 billion. Cumulative after-tax net profit for the first seven months amounted to NT$20.651 billion, an increase of NT$5.636 billion compared to the same period last year, representing a year-on-year growth of 37.54%. Earnings per share (EPS) stood at NT$1.48. Both the cumulative after-tax net profit and EPS set new historical highs for the same period, primarily driven by significant profit growth across all four of its subsidiary companies.

Examining the group’s operational structure, Huanan Financial Holding itself, along with its subsidiaries—Huanan Bank, Huanan YungChang Securities, Huanan Insurance, and Huanan Venture Capital—all recorded their highest-ever cumulative after-tax net profits and EPS for the first seven months of the year, demonstrating strong group synergies and operational resilience.

Huanan Bank, the primary profit driver for the financial holding company, reported a single-month after-tax net profit of NT$2.942 billion in July, up NT$485 million from the previous month. This was largely due to dividend income boosting overall financial operation gains by NT$542 million month-on-month. Cumulative after-tax net profit for the first seven months reached NT$16.2 billion, up 15% year-on-year, accounting for 76% of the holding company’s total profits.

Huanan Bank stated that deposit and loan businesses have steadily expanded this year, while active adjustments to asset-liability structures have driven a 6% growth in earning assets. Net interest margin (NIM) also improved by 6 basis points (0.06 percentage points), leading to an 11% year-on-year increase in net interest income. Wealth management operations surged by 33%, driven by funds, insurance, and foreign bonds, pushing net fee income past the NT$10 billion mark—an increase of 26% year-on-year. Additionally, flexible investment operations during a bullish stock market boosted net investment income by 15% year-on-year, driving upward momentum across all three core business pillars: interest income, fee income, and financial operations.

In premium wealth management, Huanan Bank’s high-net-worth (HNW) business continues to expand rapidly. As of the end of July, the number of HNW clients exceeded 3,200—a 130% year-on-year increase—while assets under management (AUM) surpassed NT$26 billion, growing 110% year-on-year, becoming a key engine for fee-based revenue growth.

Non-banking subsidiaries delivered particularly outstanding results, emerging as powerful engines of profit growth this year. Collectively, non-banking subsidiaries—including securities, insurance, asset management, venture capital, and AMC—generated a combined after-tax net profit increase of NT$3.385 billion for the first seven months, a staggering 188% year-on-year growth. Their share of the holding company’s total profits rose to 24%, up 13 percentage points from the same period last year.

Among them, Huanan YungChang Securities posted an after-tax net profit of NT$297 million in July. For the first seven months, cumulative after-tax net profit reached NT$3.531 billion, up 285% year-on-year. This strong performance was driven by sustained market activity and favorable conditions in Taiwan’s stock market, with brokerage, underwriting, and proprietary trading—the three core businesses—all significantly outperforming the previous year.

Huanan Insurance reported after-tax net profits of NT$1.321 billion for the first seven months, up 38% year-on-year. This was primarily due to continued growth in commercial fire and engineering insurance, coupled with a significant improvement in loss ratios, pushing underwriting profits to a record high. With stable banking operations providing a solid foundation and non-banking subsidiaries advancing on multiple fronts, Huanan Financial’s operating momentum and profitability continue to achieve new milestones this year.