GF Securities (000776) Q2 2026 earnings summary

Executive summary

• Achieved strong growth in all major financial metrics for H1 2026, with revenue and net profit both increasing significantly year-over-year.

• Maintained leading industry position across core business segments, supported by robust risk management and diversified business structure.

• Continued to expand capital base and international presence, including successful H-share placement and convertible bond issuance.

Financial highlights

• Operating revenue reached RMB 26.88 billion, up 74.59% year-over-year.

• Net profit attributable to shareholders was RMB 11.65 billion, up 80.10% year-over-year.

• Basic EPS was RMB 1.43, up from RMB 0.79 in H1 2025.

• Total assets grew to RMB 1.19 trillion, a 22.29% increase from year-end 2025.

• Net cash flow from operating activities was RMB 30.06 billion, a significant turnaround from negative cash flow in H1 2025.

Outlook and guidance

• Expects continued industry growth driven by capital market reforms and high-quality economic development.

• Will focus on strengthening core businesses, digital transformation, and risk management.

• Plans to further expand international business and enhance cross-border service capabilities.