Guolian Minsheng Securities (1456) Q2 2026 earnings summary

Executive summary

• Total revenue, net investment gains, and other income for H1 2026 reached RMB6.116 billion, up 15.18% year-over-year; net profit attributable to shareholders was RMB1.415 billion, up 25.57% year-over-year.

• Total assets increased 21.04% to RMB245.981 billion compared to end-2025; equity attributable to shareholders slightly decreased by 0.03% to RMB52.476 billion.

• The company completed the acquisition of Minsheng Securities, enhancing business scale and segment strength.

Financial highlights

• Basic and diluted EPS were RMB0.20, up 25% year-over-year.

• Weighted average return on net assets was 2.52%, up 0.17 percentage points year-over-year.

• Net cash from operating activities was RMB47.78 million.

• Gearing ratio rose to 72.15%, up 4.61 percentage points from end-2025.

• Dividend of RMB0.60 per 10 shares for 2025 was declared but unpaid as of June 2026.

Outlook and guidance

• Plans to deepen wealth management transformation, expand digital and AI-driven services, and enhance product offerings in H2 2026.

• Focus on high-quality development in investment banking, asset management, and alternative investments, with continued risk management emphasis.

• Share repurchase plan of up to RMB200 million approved post-period.