Huatai Securities (601688) Q1 2026 earnings summary

Executive summary

• Operating revenue for Q1 2026 reached RMB 10.42 billion, up 41.48% year-over-year, driven by growth in wealth management, institutional services, and international business amid market recovery and active trading.

• Net profit attributable to shareholders rose 31.79% year-over-year to RMB 4.80 billion, with basic and diluted EPS at RMB 0.51, up 34.21%.

• Net cash flow from operating activities was RMB 35.91 billion, a significant turnaround from negative RMB 10.82 billion in Q1 2025.

Financial highlights

• Total profit increased 41.88% year-over-year to RMB 5.87 billion.

• Net fee and commission income grew 47.15% to RMB 4.37 billion, mainly from brokerage and investment banking.

• Fair value change gain was RMB 292.78 million, compared to a loss of RMB 725.04 million in Q1 2025.

• Total assets as of March 31, 2026, were RMB 1.23 trillion, up 13.74% from year-end 2025.

• Owners' equity attributable to shareholders increased 2.16% to RMB 211.41 billion.

Outlook and guidance

• Growth attributed to market recovery and increased trading activity, with major business lines showing robust performance.