EB SECURITIES (Everbright Securities Company Limited) released its 2026 interim results, highlighting a solid earnings rebound, higher revenues across core segments and a proposed cash payout to shareholders.
Financial highlights • Total revenue and other income rose 16.64% year-on-year to RMB 8.73 billion. • Net profit attributable to shareholders increased 32.45% to RMB 2.23 billion. • Basic and diluted earnings per share advanced to RMB 0.44 from RMB 0.32. • Operating profit expanded 37.45% to RMB 2.73 billion; profit before tax reached RMB 2.80 billion. • Net profit margin improved to 25.56% from 22.48% a year earlier.
Dividend proposal The board recommends an interim cash dividend of RMB 0.17 per share, amounting to RMB 783.83 million. Payment is subject to shareholder approval at the forthcoming general meeting.
Segment performance • Wealth Management remained the main revenue driver, contributing 67% of group turnover, with segment revenue up 32.79% to RMB 5.81 billion on higher brokerage commissions and margin finance interest. • Institutional Customer services generated RMB 887.76 million, a 42.73% increase, supported by stronger prime brokerage and market-making activities. • Investment Trading delivered RMB 858.96 million, down 21.34% as equity and fixed-income trading gains moderated. • Corporate Finance revenue fell 24.46% to RMB 298.56 million due to a softer debt underwriting pipeline. • Asset Management revenue dipped 0.74% to RMB 525.24 million; AUM stood at RMB 252.98 billion. • Equity Investment recorded a segment loss of RMB 183.20 million, reflecting fair-value adjustments.
Balance-sheet and capital • Total assets grew 10.18% versus end-2025 to RMB 350.48 billion. • Shareholders’ equity increased 3.54% to RMB 74.47 billion; net assets per share edged up to RMB 13.33. • Net capital reached RMB 49.21 billion, up 6.88%; risk coverage ratio remained strong at 323.36%. • Gearing ratio (excluding client payables) was 66.42%, slightly above 65.89% at year-end. • Accounts payable to brokerage clients climbed 20.42% to RMB 126.05 billion, mirroring increased client activity.
Liquidity and funding • Operating cash outflow totalled RMB 10.77 billion, mainly reflecting larger margin loans and trading inventory. • Financing cash inflow was RMB 3.55 billion, supported by RMB 8.18 billion in new long-term bonds and RMB 15.79 billion in short-term debt issuance. • Cash and cash equivalents rose to RMB 18.46 billion at 30 June 2026 from RMB 13.62 billion at year-end.
Regulatory metrics • Liquidity coverage ratio stood at 146.03%, comfortably above the 120% regulatory warning line. • Capital leverage ratio reached 20.90%. All core risk control indicators complied with CSRC requirements.
Outlook Management pledged to deepen wealth-management transformation, strengthen service capabilities for technology and green-industry clients, and maintain prudent risk controls while pursuing differentiated growth across brokerage, asset management and investment banking.
The interim results have been reviewed by KPMG; no audit opinion was expressed.
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