CGS released its unaudited 2026 interim results, highlighting solid top-line growth and a higher shareholder payout.
• Financial performance: Revenue, gains and other income rose 18.75% year-on-year to RMB22.32 billion, driven chiefly by wealth management (+32.07% to RMB9.78 billion) and institutional services (+79.52% to RMB1.95 billion). Net profit attributable to owners advanced 20.18% to RMB7.80 billion, while basic earnings per share increased to RMB0.66.
• Balance-sheet expansion: Total assets climbed 23.92% from end-2025 to RMB1.06 trillion. Equity attributable to owners reached RMB155.70 billion, up 5.36%. The gearing ratio edged up 1.89 percentage points to 78.54%.
• Cash flow: Operating activities recorded a net outflow of RMB35.56 billion, compared with an outflow of RMB4.38 billion a year earlier, reflecting higher financing and trading activity. Net cash from financing activities turned positive at RMB37.38 billion on increased bond issuance.
• Segment highlights: – Wealth Management remained the largest contributor with RMB9.62 billion in revenue and gains. – Investment Trading delivered RMB5.00 billion, despite a 22.66% decline. – International Business revenue grew 48.46% to RMB3.05 billion, buoyed by Hong Kong and ASEAN operations. – Investment Banking recorded RMB0.31 billion, up 6.88%.
• Capital adequacy: Parent-company net capital increased to RMB125.81 billion, with a risk coverage ratio of 252.72% and a capital leverage ratio of 13.54%, both comfortably above regulatory minimums.
• Dividend proposal: The board approved an interim cash dividend of RMB1.50 per 10 shares, totaling up to RMB1.64 billion (tax inclusive), pending shareholder approval.
• Bond activity: Year-to-date, CGS issued RMB47.00 billion in corporate and subordinated bonds and RMB36.00 billion in short-term commercial papers to bolster liquidity and working capital.
The board affirmed that the company’s risk-control indicators met regulatory standards and underscored its commitment to expanding technology, green and international finance initiatives while maintaining a prudent risk appetite.