GF Securities guides H1 net profit up 70%-85% as all units grow

GF Securities expects H1 2026 net profit of RMB 11B to RMB 12B, a 70%-85% jump from a year earlier.

"Capital markets maintained solid development momentum in the first half of the year," the company said in a filing to the Hong Kong stock exchange. The brokerage said it firmly implemented its overall strategy for high-quality development aligned with new requirements at the start of the 15th Five-Year Plan period, focusing on building a first-class investment bank.

Net profit excluding non-recurring gains and losses is expected to range from RMB 11.19 billion to RMB 12.19 billion, up approximately 77% to 93% year over year. Revenue from wealth management, trading and institutional, investment management and investment banking all recorded YoY growth, the company said. The broad-based strength across all four segments suggests the brokerage benefited from higher trading volumes, increased asset management fees and stronger investment banking activity during the period.

The midpoint of the guidance range, RMB 11.5 billion, would represent the highest interim profit for GF Securities in at least three years. The company did not disclose specific revenue figures, earnings per share or an interim dividend, which will be published in the full interim report. GF Securities, one of China's largest brokerages by revenue, operates through more than 280 branches across the country and maintains a presence in Hong Kong, London and other international markets.

The strong profit guidance positions GF Securities among the top performers in China's brokerage sector for the first half. The results also indicate that China's capital markets remained strong through mid-2026, a positive read-across for peers such as CITIC Securities, China Merchants Securities and Haitong Securities. GF Securities shares rose 3.9% on the day of the announcement, with short selling accounting for 14.4% of turnover at HK$22.8 million. Investors will watch the full interim report for segment-level margin details and any interim dividend declaration, a key consideration for HK-listed financial stocks.

This article is for informational purposes only and does not constitute investment advice.