Sinolink Securities (600109) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 2026 reached RMB 2.43 billion, up 28.83% year-over-year, with net profit attributable to shareholders at RMB 692 million, an 18.83% increase year-over-year.

• Significant growth in net fee and commission income, especially from brokerage and investment banking.

• Cash flow from operating activities turned positive at RMB 17.44 billion, compared to a negative RMB 2.42 billion in Q1 2025.

Financial highlights

• Operating income: RMB 2.43 billion, up 28.83% year-over-year.

• Net profit attributable to shareholders: RMB 692 million, up 18.83% year-over-year.

• Basic and diluted EPS: RMB 0.188, up 18.99% year-over-year.

• Total assets at quarter-end: RMB 170.9 billion, up 14.83% from year-end 2025.

• Net cash from operating activities: RMB 17.44 billion, a significant turnaround from last year.

Outlook and guidance

• Regulatory approval received to participate in carbon emission rights trading, expanding business scope.

• Continued focus on core brokerage, investment banking, and asset management businesses.