Sinolink Securities (600109) Q3 2026 earnings summary

Executive summary

• 9M 2026 revenue reached RMB 7.480bn, up 21.59% YoY; net profit attributable to shareholders was RMB 2.006bn, up 18.01%.

• Q3 revenue was RMB 2.575bn, up 12.43% YoY, and attributable net profit was RMB 693.4m, up 17.62%.

Financial highlights

• 9M total profit was RMB 2.521bn, up 20.46% YoY; basic and diluted EPS were RMB 0.545, each up 18.22%.

• 9M adjusted for non-recurring items, attributable net profit was RMB 1.962bn, up 19.29% YoY; Q3 adjusted profit was RMB 687.5m, up 16.78%.

• At Sept. 30, total assets were RMB 176.715bn, up 18.74% from year-end; attributable shareholders’ equity was RMB 36.935bn, up 4.13%.

• 9M operating cash flow was RMB 14.805bn, up 1,188.04% YoY, reflecting higher cash from repurchase business and securities brokerage transactions.

Segment performance

• 9M net fee and commission income rose to RMB 4.808bn from RMB 3.357bn; management cited higher fee income as a key driver of profit growth.

• Brokerage net fees were RMB 2.913bn vs. RMB 2.073bn; investment banking fees were RMB 955.8m vs. RMB 772.4m; asset management fees were RMB 210.8m vs. RMB 102.2m.

• Net interest income was RMB 1.246bn vs. RMB 1.078bn; investment income was RMB 1.030bn vs. RMB 1.691bn.