Dongxing Securities (601198) Q3 2026 earnings summary

Executive summary

• Q3 revenue was RMB 979.2m, down 28.06% YoY; net profit attributable to shareholders was RMB 586.1m, down 24.85%, and EPS was RMB 0.176, down 26.97%.

• 9M revenue declined 3.47% to RMB 3.485bn, while profit before tax rose 13.80% to RMB 2.137bn and attributable net profit increased 0.75% to RMB 1.611bn.

Financial highlights

• 9M net profit excluding non-recurring items was RMB 1.615bn, up 0.80% YoY; non-recurring items reduced profit by RMB 3.817m.

• 9M operating profit was RMB 2.143bn versus RMB 1.882bn a year earlier; net profit was RMB 1.612bn versus RMB 1.600bn.

• Total assets were RMB 106.331bn at quarter-end, down 6.89% from year-end 2025; shareholder equity was RMB 34.141bn, up 2.71%.

Segment performance

• 9M net interest income rose to RMB 654.3m from RMB 539.4m; net fees and commissions were RMB 1.161bn versus RMB 1.263bn.

• 9M investment income was RMB 1.262bn, down from RMB 1.611bn; fair-value gains increased to RMB 319.5m from RMB 142.6m.

• Brokerage fee income was RMB 749.8m versus RMB 716.9m; investment banking fee income was RMB 221.7m versus RMB 170.8m.