Zheshang Securities 2026 H1 Revenue RMB5.703 billion, Net Profit RMB1.611 billion, Up 49.33% and 40.21%

Zheshang Securities' 2026 interim report showed revenue of RMB5.703 billion, up 49.33% year on year, and net profit attributable to shareholders of RMB1.611 billion, up 40.21%. Basic EPS was RMB0.36, up 44%. Total assets reached RMB271.499 billion at end of period, up 20.77% from RMB224.814 billion at end of 2025. Revenue growth was driven by net interest income up 42.40%, net fee and commission income up 49.19%, investment income up 67.45%, while fair value gains fell 8.70%. In brokerage, client assets exceeded RMB1.2 trillion, up 46%; stock and fund trading volume was RMB6.95 trillion, up 75%. Wealth management saw new financial product sales of RMB34.1 billion, up 145.32%, and assets under custody of RMB68 billion, up 79.42%. Margin financing balance was RMB40.544 billion, up 23.51% from end-2025, with market share of 1.342%. Investment banking completed 239 underwriting projects for equity and debt, raising RMB94.72 billion, with IB revenue of RMB441 million. Asset management AUM was RMB95.46 billion, up 5.71% from the beginning of the year; equity products grew 48.54%. Futures agency trading volume was RMB7.47 trillion, up 62.53%. The report also disclosed Guodu Securities' H1 revenue of RMB733 million and net profit of RMB337 million. The report disclosed two penalties and rectifications. On Jan 8, 2026, Zhejiang CSRC issued a warning letter to the Hangzhou branch regarding compliance review and account real-name issues; the branch rectified and submitted a report. On Feb 28, 2026, Zhejiang CSRC ordered corrective measures concerning custody business and subsidiary compliance; the company rectified and submitted a report. No further measures have been taken to date. Zheshang Securities was founded on May 9, 2002, renamed in August 2006, headquartered in Hangzhou, with registered capital of RMB4.574 billion, and listed on June 26, 2017. Subsidiaries include Guodu Securities and Zheshang Futures. As of period end, the only shareholder with over 5% stake is Zhejiang Shang San Expressway Co. , Ltd. , holding 46.46%. As of Aug 25 close, shares traded at RMB9.21, up 0.66%.