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Zheshang Securities (601878) investor relations material
Zheshang Securities Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved record-high performance for the first half of 2026, with rapid growth across all business lines, driven by active capital markets and increased trading volumes.
Net profit attributable to shareholders rose 40.21% year-over-year; revenue up 49.33% year-over-year.
All major business segments—brokerage, wealth management, investment banking, asset management, and futures—reported significant improvements in scale and profitability.
Financial highlights
Operating revenue: ¥5.70 billion, up 49.33% year-over-year.
Net profit attributable to shareholders: ¥1.61 billion, up 40.21% year-over-year.
Total assets: ¥271.50 billion, up 20.77% from previous year-end.
Basic and diluted EPS: ¥0.36, up 44% year-over-year.
Net cash flow from operating activities: ¥15.64 billion (positive turnaround from previous year’s outflow).
Outlook and guidance
Management expects continued growth, leveraging digital transformation and market opportunities, while remaining cautious of macroeconomic and regulatory uncertainties.
Focus remains on strengthening core businesses, risk management, and innovation to sustain high-quality development.
- Q1 2026 saw 40.82% revenue growth and 35.20% higher net profit, led by brokerage and IB gains.601878
Q1 2026 - 2025 revenue and net profit hit record highs, boosted by core business growth and Guodu Securities acquisition.601878
Q4 2025 - Strong revenue and profit growth, boosted by trading and Guodu Securities consolidation.601878
Q3 2025 - Net profit rose 46.54% to RMB 1.15 billion, with strong core income despite lower total revenue.601878
Q2 2025 - Q3 net profit rose 14.71% despite a 5.75% nine-month revenue decline and higher equity per share.601878
Q3 2024 - Revenue and profit fell, but AUM and net assets per share improved amid market volatility.601878
Q2 2024 - Net profit up 10.04% despite 10.33% revenue drop; investment gains and net interest income surged.601878
Q4 2024 - Net profit surged 24.17% year-over-year despite a 22.89% drop in revenue.601878
Q1 2025
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