China Great Wall Securities (002939) Q2 2026 earnings summary

Executive summary

• Total assets reached ¥157.43 billion at June 30, 2026, up 16.63% from year-end 2025.

• Operating revenue for H1 2026 was ¥2.84 billion, down 0.53% year-over-year.

• Net profit attributable to shareholders was ¥1.39 billion, up 0.69% year-over-year.

• The company maintained a stable business structure, with strong performance in wealth management and investment banking.

• Strategic focus on energy and power sectors, leveraging state-owned enterprise background and diversified financial licenses.

Financial highlights

• Operating revenue: ¥2.84 billion, -0.53% year-over-year.

• Net profit attributable to shareholders: ¥1.39 billion, +0.69% year-over-year.

• Net cash flow from operating activities: ¥8.85 billion, +17.34% year-over-year.

• Basic and diluted EPS: ¥0.35, up from ¥0.34.

• ROE: 4.31%, down 0.19 percentage points year-over-year.

• Other comprehensive income: -¥497 million, a significant decrease due to market fluctuations.

Outlook and guidance

• Wealth management to focus on digitalization, AI-driven customer analysis, and expanding ETF and advisory services.

• Investment banking to strengthen IPO and refinancing pipelines, optimize bond income structure, and pursue new product opportunities.

• Securities investment to enhance risk management, optimize asset allocation, and deepen AI application in research and trading.

• Continued emphasis on energy sector financial services and innovation in green and technology finance.