Caitong Securities (601108) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 2026 reached RMB 1.65 billion, up 54.41% year-over-year, driven by higher investment income, fair value gains, and increased fee and commission income.

• Net profit attributable to shareholders was RMB 617 million, a 113.03% increase compared to the same quarter last year.

• Basic and diluted EPS both rose to RMB 0.13, up 116.67% year-over-year.

Financial highlights

• Total assets at quarter-end were RMB 177.42 billion, up 9.92% from year-end 2025.

• Shareholders’ equity attributable to listed company shareholders increased 2.06% to RMB 38.62 billion.

• Operating cash flow was negative RMB 458.5 million, compared to positive RMB 5.91 billion in Q1 2025, mainly due to changes in trading-related cash flows.

• Total profit for the quarter was RMB 742.62 million, up 139.99% year-over-year.

Outlook and guidance

• Revenue and profit growth attributed to robust investment returns, fair value changes, and increased fee and commission income.