Dongxing Securities (601198) H1 2026 earnings summary

Executive summary

• Achieved revenue of ¥2.51 billion for H1 2026, up 11.40% year-over-year; net profit attributable to shareholders reached ¥1.02 billion, up 25.13% year-over-year.

• Total assets grew to ¥132.64 billion, a 16.15% increase from the previous year-end; net assets rose 0.61% to ¥33.49 billion.

• Net capital reached ¥29.07 billion, with a risk coverage ratio of 254.37%, indicating strong risk resilience.

• Major business segments—wealth management and investment trading—drove growth, while investment banking and asset management saw declines.

• Ongoing merger with CICC and Cinda Securities, expected to result in delisting and absorption by CICC.

Financial highlights

• Operating income: ¥2.51 billion, up 11.40% year-over-year.

• Net profit attributable to shareholders: ¥1.02 billion, up 25.13% year-over-year.

• Basic and diluted EPS: ¥0.306, up 20.95% year-over-year.

• Total assets: ¥132.64 billion, up 16.15% from year-end 2025.

• Net cash from operating activities: ¥10.36 billion, down 13.33% year-over-year.

Outlook and guidance

• Will continue to focus on core business, digital transformation, and risk management.

• Plans to deepen wealth management transformation and expand buy-side advisory services.

• Investment banking to focus on technology and strategic emerging industries.

• Asset management to strengthen active management and product innovation.