Caitong Securities (601108) investor relations material

Executive summary

• Achieved record-high operating results for the first half of 2026, with significant growth across core business lines and strengthened risk management capabilities.

• Total assets reached ¥198.56 billion, up 23.02% from year-end 2025; net profit attributable to shareholders rose 75.38% year-over-year to ¥1.90 billion.

• Business transformation and digitalization initiatives advanced, with AI and fintech empowering operational efficiency and product innovation.

Financial highlights

• Operating revenue for H1 2026 was ¥4.35 billion, up 46.90% year-over-year; net profit attributable to shareholders was ¥1.90 billion, up 75.38%.

• Total assets at period-end were ¥198.56 billion, up 23.02% from year-end 2025; total liabilities were ¥159.11 billion, up 28.76%.

• Basic EPS was ¥0.41, up 78.26% year-over-year; ROE was 4.91%, up 1.97 percentage points.

• Net cash flow from operating activities was -¥3.04 billion, compared to an inflow of ¥6.45 billion in H1 2025, mainly due to increased payments for trading financial assets and margin loans.

• Non-recurring profit items contributed ¥37.39 million, mainly from government subsidies and reversal of bad debt provisions.

Outlook and guidance

• Plans to deepen digital transformation, expand AI-powered wealth management, and enhance cross-border financial services.

• Will continue to focus on high-quality growth, risk control, and innovation in core business lines in H2 2026.

• Expects to further strengthen its position in Zhejiang and expand national and international business coverage.