Guoyuan Securities Company (000728) Q3 2026 earnings summary

Executive summary

• Q3 2026 revenue fell 51.82% YoY to ¥758.7m and attributable net income declined 37.83% to ¥379.3m, amid lower securities investment returns during volatile domestic and overseas markets.

• For 9M 2026, revenue was ¥4.704bn, down 5.37% YoY, while attributable net income rose 3.36% to ¥2.082bn.

Financial highlights

• Q3 2026 adjusted attributable net income, excluding non-recurring items, was ¥383.1m, down 37.21% YoY; 9M adjusted net income was ¥2.079bn, up 2.96%.

• 9M operating cash flow was ¥5.922bn, down 40.85% YoY, mainly due to lower inflows from customer securities settlement funds.

• Total assets reached ¥195.879bn at Sep. 30, up 5.92% from year-end 2025; attributable shareholders’ equity rose 3.35% to ¥39.408bn.

Key financial ratios and metrics

• Basic and diluted EPS were ¥0.09 in Q3, down 35.71% YoY; 9M EPS was ¥0.48, up 4.35%.

• 9M weighted average ROE was 5.34%, down 0.03 percentage points YoY; Q3 ROE was 0.92%, down 0.72 percentage points.

• Regulatory risk coverage was 192.14%, leverage 18.57%, liquidity coverage 254.24% and net stable funding 152.02%; each exceeded its stated regulatory threshold.

• Net capital was ¥27.882bn, down 3.04% from year-end; 25亿元 of subordinated debt due within one year was excluded from supplementary net capital.