Who are Shenwan Hongyuan's main competitors?

Named competitors: CITIC Securities (600030.SS), China Galaxy Securities (601881.SS), Orient Securities (600958.SS), GF Securities (000776.SZ). The cockpit's measured peer set (industry) also includes China Galaxy Securities (6881.HK), Meritz Financial (138040.KS), BSE (BSE.NS), Daiwa Securities (8601.T), Singapore Exchange (S68.SI), Futu Holdings Ltd. Sponsored ADR (FUTU).

Is Shenwan Hongyuan expensive compared with its peers?

On forward p/e it trades at 10.9× against a peer median of 12.7×, 10th cheapest of 21 in its peer set.

How has Shenwan Hongyuan stock performed?

Over six months to 6 Nov 2026 the shares returned -7.8% against -3.4% for the median peer; over one year -19.5%.

← CockpitCompetitor Analysis › 000166.SZ Shenwan Hongyuan Group Co., Ltd. Class AOpen in the cockpit ↗

Shenwan Hongyuan Group Co., Ltd. Class A000166.SZCompetitor analysis, valuation and peers

China · CNY·Financials›Investment Banks/Brokers

Chinese brokerage and financial services group formed from the merger of Shenyin & Wanguo and Hongyuan Securities.

≈ A mid-size China-based full-service brokerMomentum strong 73

Competitor Analysis ▸ Charts Open in the cockpit

Mkt cap

$15.5B

US dollars, full cap

Free float

28%

of shares outstanding

$/day

$44.3M

20-day average traded

Fwd P/E

10.9×

forward earnings

ROIC−WACC

n/a

WACC 5.0%

Hurdle

n/a

no reverse DCF

Next earnings

140 days

26 Mar 2027

Close · CNYCN¥4.37

1D-0.7%

1W+4.0%

1M+0.9%

3M-6.6%

6M-7.8%

YTD-17.1%

1Y-19.5%

ATR %1.9%

52w lowhigh21.8% off high

What Shenwan Hongyuan does

Chinese brokerage and financial services group formed from the merger of Shenyin & Wanguo and Hongyuan Securities.

Earns commissions on customer trades, interest on margin loans and investments, fees on underwriting share and bond sales, and income from its own trading book, so earnings track Chinese market turnover.

In one line: A mid-size China-based full-service broker.

Products and services

Retail brokerage
Investment banking/underwriting
Asset management
Research/institutional services

Customers

Retail and institutional investors
Corporate issuers

Where it sits in the supply chain

Financial services
Brokerage & investment banking
Retail brokerage, research…

What could go right

Chinese equity market trading volume growth

What could go wrong

Brokerage commission-rate compression
Cyclical trading/underwriting revenue

Moat: none (scale, brand). Mid-tier full-service broker in a commoditized, fee-competitive Chinese brokerage industry.

Headquarters: Shanghai, China · Founded: 2015 · Employees: 11,423

Named competitors

Shenwan Hongyuan at a glance

Size Shenwan Hongyuan (000166.SZ) is a China Financials company (Investment Banks/Brokers) with a market value of $15.5B, the 149th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥4.37 on 6 Nov 2026.

Performance Over six months the shares fell 7.8%, against -3.4% for the median peer and -16.4% for the China market (cap-weighted) — 9th lowest of 21 in its peer set.

Growth Revenue fell 25.5% over the last twelve months (peer median +19.6%); the operating margin is 31.1% (peer median 50.4%).

Valuation It trades at 10.9× forward earnings against a peer median of 12.7× (10th cheapest of 21).

Next results Next results expected around 26 Mar 2027 (exchange calendar; dates can move).

Relative performance

Six months, rebased to 100: Shenwan Hongyuan against the median of its 20 peers (local-currency closes).

Shenwan Hongyuan financials

Reported figures in CNY; fiscal year ends 2025-12-31. TTM = trailing twelve months.
	TTM	FY2025	FY2024	FY2023	FY2022
Revenue	CN¥30.3B	CN¥38.5B	CN¥30.7B	CN¥26.1B	CN¥23.5B
Revenue growth	—	+26%	+18%	+11%	—
Gross profit	CN¥21.9B	CN¥34.3B	CN¥27.0B	CN¥22.9B	CN¥21.8B
EBITDA	n/a	CN¥20.6B	CN¥15.8B	CN¥15.0B	CN¥3.12B
Net income	CN¥8.63B	CN¥9.51B	CN¥5.21B	CN¥4.61B	CN¥2.79B
Free cash flow	CN¥6.19B	CN¥1.73B	CN¥53.7B	CN¥29.6B	CN¥52.8B
Capital expenditure	CN¥560M	CN¥418M	CN¥542M	CN¥586M	CN¥466M
Total debt	CN¥392B	CN¥373B	CN¥353B	CN¥333B	CN¥333B

Quarterly statements and history in the cockpit →

Shenwan Hongyuan competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

Up and to the right = strong over both horizons. Shenwan Hongyuan is the large dot.

Fundamentals: revenue growth against valuation

Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Shenwan Hongyuan is the large dot.

Shenwan Hongyuan competitors and peer comparison

Head to head with its named competitors (000166.SZ vs 600030.SS vs 601881.SS vs 600958.SS)
Company	Market cap	6M return	Revenue growth	Op. margin	Forward P/E	Req g
Shenwan Hongyuan 000166.SZ	$15.5B	-8%	-26%	31%	10.9×	n/a
CITIC Securities 600030.SS	$56.4B	-6%	-16%	54%	10.2×	n/a
China Galaxy Securities 601881.SS	$16.1B	-8%	-20%	37%	9.5×	n/a
Orient Securities 600958.SS	$10.00B	-10%	-5%	28%	11.1×	n/a
GF Securities 000776.SZ	$20.9B	-10%	+37%	42%	7.8×	n/a

How Shenwan Hongyuan compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Shenwan Hongyuan against its 20 peers (data as of 6 Nov 2026)
Measure	000166.SZ	Peer median	Rank in peer set
1-month return	+0.9%	+0.3%	11th highest of 21
6-month return	-7.8%	-3.4%	9th lowest of 21
Distance from 52-week high	-21.8%	-20.6%	10th lowest of 21
Revenue growth (TTM)	-25.5%	+19.6%	lowest of 21
Operating margin	31.1%	50.4%	8th lowest of 21
Forward P/E	10.9×	12.7×	10th cheapest of 21

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
Company	Market	Market cap	6M return	Revenue growth	Op. margin	Forward P/E	Req g	Delivered g
Shenwan Hongyuan 000166.SZ	China	$15.5B	-8%	-26%	31%	10.9×	n/a	n/a
China Galaxy Securities 6881.HK	Hong Kong	$15.7B	-20%	+17%	55%	4.6×	n/a	n/a
Meritz Financial 138040.KS	South Korea	$15.7B	+18%	+31%	49%	8.6×	n/a	n/a
BSE BSE.NS	India	$16.4B	-4%	+58%	65%	47.0×	n/a	n/a
Daiwa Securities 8601.T	Japan	$14.0B	+11%	+18%	17%	10.8×	n/a	n/a
Singapore Exchange S68.SI	Singapore	$17.2B	-2%	+14%	57%	27.0×	n/a	n/a
Futu Holdings Ltd. Sponsored ADR FUTU	United States	$13.7B	-32%	+44%	69%	6.8×	n/a	n/a
Japan Exchange 8697.T	Japan	$13.4B	+11%	+40%	61%	19.7×	n/a	n/a
Euronext ENX.PA	France	$18.8B	+21%	+14%	52%	19.7×	n/a	n/a
TMX X.TO	Canada	$12.1B	+10%	+4%	28%	22.8×	n/a	n/a
GF Securities 1776.HK	Hong Kong	$20.5B	-8%	+18%	75%	5.6×	n/a	n/a
Freedom FRHC	United States	$11.4B	+28%	+8%	29%	39.7×	n/a	n/a
China International Capital 3908.HK	Hong Kong	$21.3B	-15%	-16%	55%	5.6×	n/a	n/a
Evercore EVR	United States	$10.9B	-17%	+37%	22%	14.2×	n/a	n/a
Jefferies Financial JEF	United States	$10.9B	-11%	+26%	41%	11.3×	n/a	n/a
Huatai Securities 6886.HK	Hong Kong	$22.5B	-12%	+123%	30%	5.8×	n/a	n/a
LPL Financial LPLA	United States	$23.0B	-3%	+31%	13%	10.5×	n/a	n/a
Houlihan Lokey HLI	United States	$10.1B	-5%	0%	20%	18.0×	n/a	n/a
Orient Securities 3958.HK	Hong Kong	$10.1B	-13%	+21%	40%	5.9×	n/a	n/a
Multi Commodity Exchange of India MCX.NS	India	$9.51B	+16%	+122%	79%	50.8×	n/a	n/a
ASX ASX.AX	Australia	$9.02B	+15%	+3%	65%	24.2×	n/a	n/a

Questions

Who are Shenwan Hongyuan's main competitors?: Named competitors: CITIC Securities (600030.SS), China Galaxy Securities (601881.SS), Orient Securities (600958.SS), GF Securities (000776.SZ). The cockpit's measured peer set (industry) also includes China Galaxy Securities (6881.HK), Meritz Financial (138040.KS), BSE (BSE.NS), Daiwa Securities (8601.T), Singapore Exchange (S68.SI), Futu Holdings Ltd. Sponsored ADR (FUTU).
Is Shenwan Hongyuan expensive compared with its peers?: On forward p/e it trades at 10.9× against a peer median of 12.7×, 10th cheapest of 21 in its peer set.
How has Shenwan Hongyuan stock performed?: Over six months to 6 Nov 2026 the shares returned -7.8% against -3.4% for the median peer; over one year -19.5%.