SWHY (Shenwan Hongyuan Group Co., Ltd.) reported a strong first-half performance for 2026, driven by buoyant brokerage activity, wider financing spreads and steady investment gains.
Revenue and Earnings • Total revenue and other income reached RMB 19.12 billion, up 15.87% year-on-year. • Profit attributable to shareholders rose 33.76% to RMB 5.73 billion. • Profit before tax increased 30.32% to RMB 7.80 billion. • Basic EPS advanced to RMB 0.23 from RMB 0.17. • Weighted average ROE improved to 5.02% (H1 2025: 4.00%).
Segment Performance • Personal Finance revenue jumped 43.02% to RMB 8.23 billion, reflecting higher brokerage commissions and margin financing income. • Enterprise Finance revenue grew 17.50% to RMB 2.78 billion; Principal Investment income climbed 34.91%. • Institutional Services & Trading delivered RMB 8.12 billion in revenue, broadly stable year-on-year (+1.00%). • Investment Management revenue added 7.40% to RMB 0.78 billion.
Balance Sheet and Capital • Total assets expanded 11.30% since year-end to RMB 825.31 billion. • Total equity attributable to shareholders rose 3.03% to RMB 114.98 billion. • Net capital of the core securities subsidiary stood at RMB 88.94 billion; risk coverage ratio was 360.73%, well above the 100% regulatory minimum.
Dividend Proposal • The board declared an interim cash dividend of RMB 0.50 (tax inclusive) per 10 shares, amounting to RMB 1.25 billion. Payment is subject to shareholder approval.
Liquidity and Debt • Net cash used in operating activities was RMB 22.28 billion versus an inflow of RMB 19.76 billion a year earlier, reflecting higher trading and financing volumes. • Cash and cash equivalents closed at RMB 65.76 billion, up RMB 5.45 billion from end-2025.
Bond Activity • As of 30 June 2026, outstanding corporate bonds totalled RMB 145.84 billion, with no defaults reported. • Post-period, the group issued RMB 11.25 billion and repaid RMB 19.02 billion of bonds.
Outlook Management will seek shareholder approval for the interim dividend and continues to prioritise capital market reforms, digital transformation and risk controls while advancing high-quality growth initiatives across core business lines.