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Four securities firms appear on Changxin's shareholder list, with hundreds of billions in unrealized gains reshuffling rankings—equivalent to creating one and a half 'China Merchants Securities'.
① According to Changxin Technology's prospectus, four securities firms—China Merchants Securities, Huaan Securities, CITIC Securities, and CICC—hold indirect stakes in the company. ② Based on Changxin Technology’s estimated valuation of RMB 3 trillion, China Merchants Securities stands to realize an unrealized gain of nearly RMB 20 billion, while Huaan Securities exceeds RMB 10 billion, significantly boosting both firms’ net profits. ③ The earnings contribution from this equity investment is expected to propel China Merchants Securities into the top three among securities firms by profitability and help Huaan Securities break into the industry’s top ten.
Express News | 26 securities firms received bonus points from the Securities Association of China for research projects, with nearly 30% of these projects led by the firms’ top executives.
Q1 asset management results for 18 listed securities firms have been released, with the top three firms achieving net revenues exceeding 7.7 billion yuan, and the highest growth rate surpassing 100%.
①CITIC Securities ranked first in the industry with RMB3.505 billion in net income from asset management business fees, representing a year-on-year increase of 36.74%. ②The investment income from associate/joint venture companies by leading securities firms strongly complements their core asset management businesses, with this portion of income primarily derived from majority-owned or participating public fund companies. ③The growth paths for small and medium-sized securities firms in the asset management sector are becoming increasingly diversified.
Huaxin Shares: Huaxin Shares\' First Quarter Report for 2026
Huaxin Shares First Quarter Report for 2026
Huaxin Securities (600621.SH) released its Q1 financial results, with a net profit attributable to shareholders of 155 million yuan, representing a year-on-year increase of 13.02%.
Huaxin Securities (600621.SH) disclosed its first-quarter report for 2026, showing that the company achieved revenue of 630 million yuan during the reporting period, representing a year-on-year decrease of 0.97%; net profit attributable to shareholders was 155 million yuan, reflecting a year-on-year increase of 13.02%; non-recurring net profit was 132 million yuan, up 5.07% year-on-year. Basic earnings per share were 0.15 yuan.