Everbright Securities Company Limited (EB Securities) reported robust first-quarter 2026 results, highlighted by double-digit top-line expansion and a sharp rise in profitability.

Revenue and Profit Momentum • Operating income reached RMB 3.08 billion, up 23.10% year on year. • Net profit attributable to shareholders climbed 42.34% to RMB 1.17 billion, powered by higher net interest income, fee and commission income, and fair-value gains. • Basic and diluted EPS both increased to RMB 0.23, a 43.75% advance. • Weighted average ROE improved by 0.52 percentage point to 1.74%.

Income Composition • Net fee and commission income contributed RMB 1.54 billion—just over half of total revenue—rising 20% versus the prior-year period. • Net interest income added RMB 0.65 billion, up 24%. • Investment gains fell 38.89% to RMB 0.40 billion, but were offset by a turnaround in fair-value movements, which swung to a RMB 0.29 billion gain from a loss a year earlier. • Other income, largely government grants, delivered RMB 0.19 billion.

Cost and Tax Profile • Operating expenses increased modestly to RMB 1.55 billion. General and administrative costs accounted for 99% of the total. • Income-tax expense rose 72.41% to RMB 0.36 billion, mirroring the stronger pre-tax profit. • Resulting operating profit stood at RMB 1.53 billion, up 48.83%.

Cash Flow Dynamics • Operating activities posted a net outflow of RMB 0.29 billion, reversing from a RMB 0.80 billion inflow a year earlier due to higher cash outlays related to repurchase businesses and refundable deposits. • Investing activities generated a net inflow of RMB 10.87 billion, driven by larger proceeds from debt-investment redemptions and lower new investments. • Financing activities provided RMB 10.26 billion (up 515%), supported by RMB 18.89 billion in bond issuance and RMB 2.00 billion in perpetual bonds, outweighing debt repayments.

Balance-Sheet Expansion and Liquidity • Total assets edged up 3.25% since year-end 2025 to RMB 328.45 billion. • Equity attributable to shareholders increased 4.54% to RMB 75.19 billion. • Clearing settlement funds jumped 79.34% to RMB 22.92 billion, while other equity-instrument investments more than doubled to RMB 10.16 billion. • Short-term debt instruments almost doubled to RMB 14.20 billion; placements from other financial institutions contracted 32.33% to RMB 9.38 billion.

Capital Adequacy and Liquidity Indicators • Net capital stood at RMB 46.51 billion; risk-coverage ratio improved to 329.00% from 322.31%. • Capital-leverage ratio was 23.43%, up 1.86 percentage points. • Liquidity coverage and net stable funding ratios were 230.59% and 174.93%, respectively—well above regulatory thresholds.

Shareholder Base EB Securities closed the quarter with 168,868 ordinary shareholders. China Everbright Group Limited remained the controlling shareholder with a 25.15% stake, followed by China Everbright Limited at 20.73% and HKSCC Nominees Limited at 15.26%.

Non-Recurring Items First-quarter net profit included RMB 0.14 billion of non-recurring gains, mainly government grants.

Outlook Management provided no forward guidance in the announcement. The unaudited results underscore EB Securities’ strengthened earnings capacity, improved capital buffers, and expanded balance sheet entering the remainder of 2026.