BOCOM International Holdings Company Limited (BOCOM INTL) released its unaudited interim results for the six months ended 30 June 2026.
Financial Highlights • Revenue and other income climbed 44.4 % year-on-year to HK$399.03 million (1H 2025: HK$276.27 million), driven by stronger underwriting and proprietary trading activity. • Loss attributable to shareholders narrowed to HK$76.62 million from HK$282.57 million a year earlier; basic and diluted loss per share improved to HK$0.03 from HK$0.10. • Operating expenses and finance costs fell 20.7 % to HK$468.29 million, with financing charges down 14.6 % amid lower average borrowing costs. • Net current assets swung to HK$365.65 million (31 Dec 2025: net current liabilities of HK$380.58 million). • Shareholders’ equity increased 4.7 % to HK$982.15 million; total assets slipped 0.8 % to HK$14.87 billion. • Gearing ratio eased to 1,236.5 % from 1,336.5 % at year-end 2025.
Segment Performance • Brokerage revenue rose 22.1 % to HK$95.94 million, buoyed by higher trading activity despite a 10.7 % drop in the Hang Seng Index. • Corporate finance & underwriting fees surged 315.8 % to HK$45.50 million, supported by participation in 10 IPO mandates and 33 debt issues that raised USD10.7 billion. • Asset management & advisory income edged down 1.5 % to HK$21.58 million; AUM fell 18.3 % to HK$18.46 billion. • Margin financing interest contracted 43.8 % to HK$14.43 million as average loan balances halved. • Investment & loans revenue jumped 62.1 % to HK$146.90 million, aided by HK$60.05 million of fair-value gains on investments and lower impairment charges.
Balance-Sheet & Liquidity • Cash and bank balances declined to HK$1.58 billion (31 Dec 2025: HK$2.03 billion) after repaying HK$3.91 billion of notes; a new HK$100 million private bond was issued in June. • Borrowings totalled HK$12.04 billion, including HK$1.00 billion of subordinated loans from Bank of Communications. • Obligation under repurchase agreements increased to HK$4.29 billion (31 Dec 2025: HK$2.70 billion) in line with higher fixed-income positions.
Asset Quality • Total impairment allowance fell to HK$432.70 million (31 Dec 2025: HK$720.90 million) after a HK$20.29 million net write-back in 1H 2026, reflecting recoveries and reduced provisions on loans and debt investments.
Capital Markets & Strategy Management cited resilient Hong Kong market turnover (average daily HK$283 billion) and an uptick in IPO activity (87 new listings raising HK$210.20 billion) as supportive factors. The group plans to deepen its role in cross-border financing, expand asset-management products linked to technology and innovation themes, and maintain a disciplined approach to risk and liquidity amid ongoing geopolitical and macro uncertainties.
Dividend No interim dividend was declared.
Governance Updates During the period, Ms Tang Jue was appointed Deputy CEO and Chief Risk Officer, while Mr Wang Xianjia and Mr Tan Yueheng resigned from executive roles.
Outlook The board expects China’s policy support, technological innovation and Hong Kong’s capital-market connectivity to underpin business opportunities in the second half, while prioritising risk control and balance-sheet resilience.
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