Guolian Minsheng Securities Company Limited (601456.SH, 01456.HK) maintained continuous growth in both revenue and net profit for the third quarter. On the evening of October 28, the company released its "2026 Third Quarter Report."

For the first three quarters, the company achieved operating revenue of 6.739 billion yuan, a year-on-year increase of 11.61%; net profit attributable to shareholders of the listed company reached 2.108 billion yuan, up 19.59% year-on-year; net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses was 2.099 billion yuan, up 21.78% year-on-year.

Regarding the performance growth in the first three quarters, Guolian Minsheng Securities Company Limited stated in the report that the securities market saw active trading during the reporting period, and revenue from brokerage and wealth management businesses achieved year-on-year growth. Based on data from the first quarter, semi-annual, and third quarter reports, the company's operating revenue for Q1 through Q3 was 1.856 billion yuan, 2.714 billion yuan, and 2.169 billion yuan, respectively; net profit was 497 million yuan, 919 million yuan, and 693 million yuan, respectively. In the third quarter specifically, operating revenue rose 7.02% year-on-year but fell 20.07% quarter-on-quarter; net profit increased 8.98% year-on-year but declined 24.62% quarter-on-quarter.

For the first three quarters of this year, Guolian Minsheng Securities Company Limited reported basic earnings per share of 0.37 yuan, up 19.35% year-on-year; weighted average return on equity was 3.95%, an increase of 0.21 percentage points year-on-year. In terms of revenue composition, the company recorded net fee and commission income of 3.580 billion yuan for the first three quarters, up 22.83% year-on-year. Among this, net fee income from brokerage business was 2.118 billion yuan, up 35.30% year-on-year, the most notable increase among major fee income categories; net fee income from investment banking business was 683 million yuan, down 0.70% year-on-year; net fee income from asset management business was 611 million yuan, up 15.95% year-on-year.

During the same period, net interest income was 195 million yuan, up 88.12% year-on-year. The company attributed this mainly to growth in the average daily scale of margin financing funds and increased margin trading interest income. Regarding investment-related gains, Guolian Minsheng Securities Company Limited reported investment income of 3.165 billion yuan for the first three quarters, up 12.86% year-on-year; fair value change gains were negative 225 million yuan, compared to positive 165 million yuan in the same period last year, a year-on-year decline of 236.79%, turning from positive to negative. The company stated this was mainly due to fair value changes in trading financial assets.

As of the end of the third quarter, Guolian Minsheng Securities Company Limited had total assets of 250.581 billion yuan, up 23.31% from the end of the previous year and up 1.87% from 245.981 billion yuan at the end of June; owners' equity attributable to shareholders of the listed company was 54.104 billion yuan, up 3.07% from the end of the previous year. In terms of cash flow, the company's net cash flow from operating activities for the first three quarters was 21.109 billion yuan, compared to a net outflow of 1.930 billion yuan in the same period last year, turning from negative to positive. The company stated this was mainly due to a combined increase in cash inflows related to other operating activities and a year-on-year decrease in margin financing funds.

Regarding equity structure, as of the end of the third quarter, Guolian Minsheng Securities Company Limited's controlling shareholder, Wuxi Guolian Development (Group) Co., Ltd., directly held 23.86% of shares, and through its controlled entities such as Guolian Trust Co., Ltd. and Wuxi Guolian Local Electric Power Co., Ltd., indirectly held 14.65%, for a combined holding of 38.52%. According to the company's official website, Guolian Minsheng Securities Company Limited was founded in 1992, originally named Wuxi Securities Company. It was restructured and renamed Guolian Securities Co., Ltd. in 2008, listed on the Hong Kong Stock Exchange in 2015, listed on the Shanghai Stock Exchange in 2020, and renamed Guolian Minsheng Securities Company Limited in February 2025. As of the close on October 28, according to Dazhihui VIP, Guolian Minsheng Securities Company Limited's A-shares closed at 8.04 yuan per share, down 1.23%; its Hong Kong shares closed at 3.25 Hong Kong dollars per share, down 0.46%.