Investment Banking and Brokerage

Huaan Securities

Huaan Securities released FY2026 Q1 earnings on April 28 During-Market (BJT), actual revenue CNY 968.56 M, actual EPS CNY 0.09

Huaan Securities FY2026 Q1 Earning Release on April 29 During-Market BJT

Huaan Securities to release FY2025 earnings report on March 27 Pre-Market (BJT), forecast revenue CNY 5.449 B, EPS CNY 0.44

Huaan Securities released FY2025 Q4 earnings on January 29 Pre-Market (BJT), actual revenue CNY 638.64 M, actual EPS CNY 0.0474

Huaan Securities released FY2025 annual earnings on January 29 Pre-Market (BJT), actual revenue CNY 5.064 B (forecast CNY 5.449 B), actual EPS CNY 0.45 (forecast CNY 0.44)

Huaan Securities released FY2025 9-month earnings on October 28 Pre-Market (BJT), actual revenue CNY 4.232 B, actual EPS CNY 0.3796

Huaan Securities released FY2025 Q3 earnings on October 28 Pre-Market (BJT), actual revenue CNY 1.62 B, actual EPS CNY 0.1693

Huaan Securities to Release FY2025 Q3 Earnings on October 29, Pre-Market BJT

Huaan Securities FY2025 Semi-Annual Earnings Release on August 28, 2025 (BJT)

Huansan Securities Sees Rising Dividend Yield for Bank Stocks

Huaan Securities released FY2025 Q2 earnings on July 13 During-Market (BJT), actual revenue CNY 1.376 B, actual EPS CNY 0.1003

Huaan Securities released FY2025 Semi-Annual Earnings on July 13 During-Market (BJT), actual revenue CNY 2.808 B, actual EPS CNY 0.22

HuAn Securities: Israeli-Iran Conflict Drives Short-Term Gold and Oil Prices Up

Former Huaxin Securities Chairman Li Gong Removed from Party Membership

Hu'ans Securities Sees Revenue Growth but Uneven Business Development

Hu'an Securities Successfully Issues Sci-Tech Innovation Subordinate Bonds

HuAn Securities Completed DeepSeek-R1 Deployment and Conducted Share Repurchase

Huansan Securities Announces Revenue and Profit Growth, Dividend of 468 Million Yuan

Huansan Securities Warns About Discounted Payoff Risk of High-Premium City Investment Bonds

Huaan Securities released FY2025 Q1 earnings on April 28 During-Market BJT, actual revenue CNY 1.427 B, actual EPS CNY 0.11

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As the performance of securities firms gradually comes to light for 2025, recently, securities firms have held a series of performance briefings to respond to investors' concerns regarding last year's performance and key strategic layouts for the new year. As of April 6, more than 10 securities firms, including CITIC Securities and Guotai Haitong, have successively held performance briefings. During the meetings, topics such as the development plans for international business and the empowerment of financial technology became the focus of investors' attention. (Securities Daily)

36Kr

CITIC Securities Co., Ltd.

GF Fund CSI HK Connect Financials(ex Banks) Thematic ETF

GTHT

Yinhua CSI All Share Investment Banking & Brokerage ETF

E Fund CSI 300 Financials (ex Banks) ETF

Sealand Securities

Guotai Haitong

GUOTAI JUNAN I

Hwabao WP CSI All Share Investment Banking & Brokerage ETF

CITIC SEC

Guotai CSI All Share Investment Banking & Brokerage ETF

The brokerage performance briefing focuses on international business and AI empowerment

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The spring strategy meeting of securities firms was held in advance, with several firms such as Huafu Securities and TF SECURITIES participating. Compared to previous years, this year's strategy meeting shows a clear trend of "early start," reflecting changes in the competitive landscape of the industry. Against the backdrop of reduced commissions in public offerings, securities research institutions are accelerating their transformation from a model of "exchanging research for commissions" to "exchanging services for income."

Wallstreetcn

TF SECURITIES

Securities firms' spring strategy meeting: 2026 layout anchored in technology + cycles

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This year, multiple fund companies have increased their registered capital, demonstrating confidence in China's capital market and the public fund industry. On February 10th, Ruifeng Fund increased its registered capital from 100 million yuan to 104.95 million yuan, and Huaan Securities plans to increase its investment in Huafu Fund by 26.4616 million yuan, with a value increase rate of 1.3%. Last year, several small and medium-sized fund companies, including Nanhua Fund and Vanguard Fund, had already announced capital increases

NANHUA FUTURES

Bullish on industry prospects, multiple public fund institutions actively increase capital

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As of February 6, 685 listed companies have received brokerage research teams this year. Leading brokerages, leveraging the advantages of their research teams, have become the "main force" in the research market, with CITIC Securities ranking first with 213 research visits; Changjiang Securities, Guotai Haitong, and CICC also exceeded 150 visits each; 12 brokerages including Guosen Securities, Huatai Securities, Western Securities, GF SEC, and CSC have all conducted over 100 research visits

SDHT

GF SEC

ZHONGTAI SECURITIES

CICC

HTSC

GF SECURITIES

Changjiang Securities

SINOLINK SECURITIES

GUOSEN SECURITIES

Western Securities

CAITONG SECURITIES

Since the beginning of the year, securities firms have "visited" a total of 685 A-share companies

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Renowned analyst Zhang Yidong has officially joined Haitong International as the head of the equity research department and chief economist, responsible for coordinating the cross-border integration of research operations. He previously served as the global chief strategy analyst at Industrial Securities and has extensive research experience covering the A-share, Hong Kong stock, and U.S. stock markets. Zhang Yidong is optimistic about Chinese equity assets, believing that the A-share and Hong Kong stock markets will usher in a "super long bull market" lasting over twenty years

- Zhang Yidong, a prominent analyst in sell-side research, has officially joined Haitong International Securities as a committee member and chief economist.  
- He aims to focus on overseas operations, particularly in Hong Kong and international capital markets, after a long and successful career at Industrial Securities.  
- Zhang emphasizes the importance of cautious investment in 2026, urging investors to be disciplined and avoid chasing after trends.

Highton Development

SITC

Next stop confirmed! Zhang Yidong joins Haitong International as the head of the equity research department and chief economist

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The report provides a detailed presentation of data such as the number of branches, A-share trading volume, client assets, account size, margin financing and securities lending business, revenue levels, and commission rates, showcasing the strong performance of the Shanghai securities market in terms of trading volume and account expansion

Fullgoal SSE Composite ETF

E Fund CSI 300 ETF Initiating Fund

Bosera All Share Investment Banking & Brokerage Index ETF

Harvest SZSE SME-ChiNext Composite 300 ETF

Huatai-PB CSI 300 ETF

EASTMONEY

Surge in volume! The trading volume of brokerages in A-shares has increased significantly year-on-year, with Shanghai brokerages accounting for a total market share of 30%

Guotai Haitong expects to achieve a net profit attributable to the parent company of RMB 27.5 billion to 28 billion for the fiscal year 2025, an increase of 111%-115% compared to the previous year. Against the backdrop of rising activity in the domestic capital market, the company actively seizes market opportunities, with asset scale and operating performance reaching historical highs, and significant growth in revenue from wealth management, institutional, and trading businesses, while the negative goodwill arising from the merger with Haitong Securities is included in non-operating income

AASTOCKS

"Profit Alert" Guotai Haitong forecasts a full-year profit of 27.5 billion to 28 billion RMB, an increase of over 1.1 times

Huaan Securities(600909.SH)