Changjiang Securities Company (000783) Q3 2026 earnings summary

Executive summary

• Q3 2026 revenue was CNY 1.449bn, down 61.56% YoY; net income attributable to shareholders was CNY 462.6m, down 71.72%.

• For 9M 2026, revenue rose 5.02% YoY to CNY 8.875bn and shareholder net income rose 8.38% to CNY 3.655bn.

• Q3 financial statements were unaudited; the report states the parent-company risk-control indicators complied with regulatory requirements.

Financial highlights

• Q3 net income excluding non-recurring items was CNY 421.8m, down 75.04% YoY; 9M adjusted net income was CNY 3.585bn, up 5.44%.

• 9M operating profit was CNY 4.606bn versus CNY 4.299bn; net profit was CNY 3.661bn versus CNY 3.378bn.

• 9M investment income increased 42.41% to CNY 3.361bn; fair-value changes swung to a CNY 835.5m loss from CNY 769.8m income.

• 9M net interest income was CNY 1.816bn versus CNY 1.717bn; net fee and commission income was CNY 4.423bn versus CNY 3.519bn.

Key financial ratios and metrics

• 9M basic and diluted EPS were both CNY 0.63, up 8.62% YoY; Q3 EPS was CNY 0.07, down 75.86%.

• 9M weighted average ROE was 9.58%, up 0.35 percentage points YoY; Q3 ROE was 1.11%, down 3.40 percentage points YoY.

• At quarter-end, net capital was CNY 29.671bn, up 13.12% from year-end; risk coverage was 438.07%, up 25.54 percentage points.

• Liquidity coverage was 260.76%, up 49.42 percentage points; net stable funding ratio was 205.59%, up 27.83 percentage points from year-end.