Nanjing Securities (601990) Q3 2026 earnings summary

Executive summary

• Q3 revenue was RMB548.4m, down 19.89% YoY; net income attributable to shareholders was RMB201.3m, down 31.16%.

• 9M revenue rose 6.94% YoY to RMB2.374bn; attributable net income increased 9.17% to RMB996.8m.

Financial highlights

• Q3 total profit was RMB234.4m, down 34.09% YoY; basic and diluted EPS were RMB0.05, down 37.50%.

• 9M adjusted for non-recurring items, attributable net income was RMB1.000bn, up 9.98% YoY; reported attributable net income was RMB996.8m, up 9.17%.

• 9M total profit reached RMB1.247bn, up 8.76% YoY; net income was RMB1.001bn versus RMB917.5m in the prior-year period.

Segment performance

• 9M brokerage commission net income was RMB572.1m versus RMB516.7m; investment banking fees were RMB100.3m versus RMB112.8m.

• 9M asset management fees were RMB32.4m versus RMB30.8m; net interest income was RMB582.6m versus RMB501.7m.

• 9M investment income was RMB1.063bn versus RMB1.091bn; Q3 declines in brokerage fees and proprietary investment returns were cited as drivers of lower quarterly profit.