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Shaanxi state-backed full-service securities brokerage offering brokerage, investment banking and asset management.
Shaanxi state-backed full-service securities brokerage offering brokerage, investment banking and asset management.
Brokerage commissions, interest on margin loans to clients (money lent to buy shares) and gains on its own securities holdings carry earnings, so results rise and fall with market turnover and direction. Based in Xi'an, in western China, with investment banking and fund management in supporting roles.
Moat: narrow (regulatory licence, distribution). Regulated brokerage licence, but a largely commoditized business among ~140 similar brokers.
Headquarters: Xi'an, Shaanxi, China · Employees: 4,688
Size Western Securities (002673.SZ) is a China Financials company (Investment Banks/Brokers) with a market value of $3.83B, the 674th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥6.21 on 6 Nov 2026.
Performance Over six months the shares fell 13.5%, against -12.0% for the median peer and -16.4% for the China market (cap-weighted) — 10th lowest of 21 in its peer set.
Growth Revenue fell 2.2% over the last twelve months (peer median +9.2%); the operating margin is 28.7% (peer median 32.1%).
Next results Next results expected around 28 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥7.51B | CN¥6.42B | CN¥6.00B | CN¥8.24B | CN¥6.65B |
| Revenue growth | — | +7% | -27% | +24% | — |
| Gross profit | CN¥6.45B | CN¥5.52B | CN¥5.22B | CN¥7.58B | CN¥6.09B |
| EBITDA | n/a | CN¥3.36B | CN¥2.98B | CN¥2.90B | CN¥1.94B |
| Net income | CN¥1.68B | CN¥1.75B | CN¥1.40B | CN¥1.17B | CN¥431M |
| Free cash flow | -CN¥4.95B | CN¥2.07B | CN¥11.9B | CN¥19.8M | -CN¥4.94B |
| Capital expenditure | CN¥184M | CN¥149M | CN¥192M | CN¥231M | CN¥198M |
| Total debt | CN¥64.1B | CN¥46.5B | CN¥37.7B | CN¥47.9B | CN¥50.7B |
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.
| Company | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g |
|---|---|---|---|---|---|---|
| Western Securities 002673.SZ | $3.83B | -14% | -2% | 29% | n/a | n/a |
| CITIC Securities 600030.SS | $56.4B | -6% | -16% | 54% | n/a | n/a |
| Sinolink Securities 600109.SS | $4.60B | -7% | +10% | 30% | n/a | n/a |
| Soochow Securities 601555.SS | $5.64B | -5% | +3% | 36% | n/a | n/a |
| China Industrial Securities 601377.SS | $7.12B | -9% | -11% | 29% | n/a | n/a |
| Guosen Securities 002736.SZ | $13.9B | -16% | -10% | 34% | n/a | n/a |
| Founder Securities 601901.SS | $8.52B | -4% | -21% | 47% | n/a | n/a |
| Everbright Securities 601788.SS | $8.70B | -9% | -4% | 36% | n/a | n/a |
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.
| Measure | 002673.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -4.6% | +0.2% | 2nd lowest of 21 |
| 6-month return | -13.5% | -12.0% | 10th lowest of 21 |
| Distance from 52-week high | -29.3% | -27.5% | 9th lowest of 21 |
| Revenue growth (TTM) | -2.2% | +9.2% | 8th lowest of 21 |
| Operating margin | 28.7% | 32.1% | 10th lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Western Securities 002673.SZ | China | $3.83B | -14% | -2% | 29% | n/a | n/a | n/a |
| PJT Partners PJT | United States | $3.80B | -4% | +10% | 21% | n/a | n/a | n/a |
| Southwest Securities 600369.SS | China | $3.90B | -8% | -13% | 27% | n/a | n/a | n/a |
| Lazard LAZ | United States | $3.74B | -20% | +9% | 11% | n/a | n/a | n/a |
| XTB Spolka Akcyjna XTB.WA | Poland | $3.98B | +22% | +63% | 48% | n/a | n/a | n/a |
| J-Yuan Trust 600816.SS | China | $3.50B | -18% | +139% | 13% | n/a | n/a | n/a |
| Kiwoom 039490.KS | South Korea | $3.48B | -53% | +100% | 41% | n/a | n/a | n/a |
| Pacific Securities 601099.SS | China | $3.47B | -8% | -11% | 14% | n/a | n/a | n/a |
| IG Group Holdings plc IGG.L | United Kingdom | $4.23B | -38% | +16% | 40% | n/a | n/a | n/a |
| Miami International MIAX | United States | $3.45B | -34% | +14% | 12% | n/a | n/a | n/a |
| Nanjing Securities 601990.SS | China | $4.30B | -11% | -9% | 37% | n/a | n/a | n/a |
| BOC International (China) 601696.SS | China | $4.37B | -16% | +6% | 35% | n/a | n/a | n/a |
| Guoyuan Securities 000728.SZ | China | $4.53B | -6% | -23% | 34% | n/a | n/a | n/a |
| China Great Wall Securities 002939.SZ | China | $4.53B | -16% | -5% | 35% | n/a | n/a | n/a |
| Angel One ANGELONE.NS | India | $3.20B | +3% | +21% | 28% | n/a | n/a | n/a |
| Sinolink Securities 600109.SS | China | $4.60B | -7% | +10% | 30% | n/a | n/a | n/a |
| Moelis & MC | United States | $4.62B | -13% | +14% | 18% | n/a | n/a | n/a |
| Minmetals Capital 600390.SS | China | $3.15B | -11% | -62% | 60% | n/a | n/a | n/a |
| Piper Sandler Companies PIPR | United States | $4.65B | -19% | +20% | 21% | n/a | n/a | n/a |
| Plus500 PLUS.L | United Kingdom | $3.12B | -26% | +3% | 41% | n/a | n/a | n/a |
| Hongta Securities 601236.SS | China | $4.72B | -11% | -4% | 39% | n/a | n/a | n/a |