On September 4, GF SEC rose 3.49% in regular trading, trading at HKD 19.04/share, with turnover of HKD 28.73 million. The rally was driven by the company's recently disclosed strong half-year results combined with a broad-based rally across the brokerage sector.
GF SEC reported H1 total revenue of RMB 26.883 billion, up 74.59% year over year, with attributable net profit surging 80.10% to RMB 11.652 billion. Adjusted non-GAAP net profit grew 88.63%. All four core business segments — wealth management, trading and institutional services, investment management, and investment banking — posted solid growth, with trading/institutional and investment management revenues nearly doubling. The company's ROE reached 8.08%, up 3.25 percentage points year over year. Meanwhile, its wealth management division saw financial product distribution AUM exceed RMB 450 billion, up approximately 22% from end of last year.
The brokerage sector rallied in tandem, with CICC up 3.38%, CITIC SEC up 2.84%, and Bright Smart up 2.95%, reinforcing positive sentiment. An institutional research note highlighted that industry ROE has returned to a decade-high, with accelerating M&A expected to further optimize the sector landscape. GF SEC has received unanimous Buy ratings from six institutions over the past 90 days.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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