Industrial Securities Co. (601377) Q3 2026 earnings summary

Executive summary

• 9M 2026 revenue was RMB 9.313bn, up 0.39% YoY; profit attributable to shareholders was RMB 2.797bn, up 10.93% YoY.

• Q3 revenue fell 33.31% YoY to RMB 2.583bn and attributable net profit declined 43.97% to RMB 667.3m, as weaker securities investment returns offset growth in brokerage and asset management.

• Total assets reached RMB 357.961bn at quarter-end, up 3.76% from year-end 2025; shareholders’ equity rose 1.11% to RMB 62.322bn.

Financial highlights

• 9M total profit was RMB 4.125bn, up 15.88% YoY; basic and diluted EPS were RMB 0.3096, up 10.41%.

• 9M net income attributable to shareholders was RMB 2.797bn, up 10.93%; adjusted for non-recurring items, it was RMB 2.747bn, up 10.87%.

• Q3 attributable net profit was RMB 667.3m, down 43.97% YoY; Q3 EPS was RMB 0.0725, down 45.53%.

• 9M net fee and commission income rose 31.61% to RMB 5.868bn; fair-value losses were RMB 268.5m versus gains of RMB 333.4m a year earlier.

Outlook and guidance

• A major shareholder’s six-month plan to increase its A-share holding remained in progress at the report date, with further purchases planned using its own funds.