DFZQ released its unaudited results for the six months ended 30 June 2026.
Revenue and Profitability • Total revenue and other income reached RMB 15.30 billion, up 24.15% year on year. • Net profit attributable to shareholders rose 30.48% to RMB 4.52 billion. • Basic earnings per share increased to RMB 0.53 from RMB 0.40. • Return on equity improved 1.23 percentage points to 5.50%.
Segment Performance • Wealth & Asset Management generated RMB 8.26 billion, accounting for 50.24% of revenue; futures, brokerage and fund distribution led the advance. • Institutional & Sales Trading contributed RMB 4.73 billion, or 28.80%, supported by proprietary trading and market-making. • Investment Banking & Alternative Investment delivered RMB 1.29 billion, 7.87% of the total. • International & Other Businesses added RMB 2.15 billion, 13.09% of revenue.
Balance Sheet • Total assets increased 13.34% from end-2025 to RMB 551.84 billion. • Total liabilities rose 15.59% to RMB 467.22 billion; the gearing ratio stood at 77.44%. • Equity attributable to shareholders grew 2.34% to RMB 84.62 billion. • Net capital of the parent company expanded 6.35% to RMB 56.95 billion, with a risk coverage ratio of 378.36%.
Cash Flow and Capital • Net cash used in operating activities was RMB 13.01 billion, mainly reflecting increases in trading assets and client deposits. • DFZQ issued debt securities and raised RMB 61.73 billion during the period; outstanding corporate bonds totalled RMB 90.03 billion.
Dividend • The board did not propose an interim dividend.
Strategic Events • Shareholders approved the proposed RMB 25.12 billion acquisition of 100% of Shanghai Securities via a mix of A-share issuance and cash, pending regulatory clearance.
Risk Indicators • Liquidity coverage ratio at the parent company reached 231.50%; all regulatory metrics remained above required thresholds.
Outlook Management reiterated focus on the three strategic pillars—collectivisation, digitalisation and internationalisation—aimed at strengthening comprehensive wealth management, investment banking and institutional services. No forward-looking financial guidance was provided.