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Full-service securities brokerage affiliated with China Great Wall Asset Management, one of China's state bad-debt AMCs.
Full-service securities brokerage affiliated with China Great Wall Asset Management, one of China's state bad-debt AMCs.
Earns commissions on share trading, interest on margin loans, underwriting fees and returns on its own investments, so results follow stock-market activity. China Great Wall Asset Management, a state-owned company created to take over banks' bad debts, is its controlling shareholder, which supports referrals of business.
Moat: narrow (regulatory licence, distribution). Group ties to a state AMC provide deal flow, but brokerage itself is commoditized.
Headquarters: Shenzhen, Guangdong, China · Employees: 3,250
Size China Great Wall Securities (002939.SZ) is a China Financials company (Investment Banks/Brokers) with a market value of $4.53B, the 566th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥7.49 on 6 Nov 2026.
Performance Over six months the shares fell 15.8%, against -12.0% for the median peer and -16.4% for the China market (cap-weighted) — 8th lowest of 21 in its peer set.
Growth Revenue fell 4.6% over the last twelve months (peer median +9.2%); the operating margin is 35.2% (peer median 29.4%).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥4.89B | CN¥6.82B | CN¥6.11B | CN¥5.69B | CN¥4.47B |
| Revenue growth | — | +12% | +7% | +27% | — |
| Gross profit | CN¥3.43B | CN¥5.43B | CN¥4.88B | CN¥4.64B | CN¥3.30B |
| EBITDA | n/a | CN¥3.46B | CN¥2.93B | CN¥2.63B | CN¥1.56B |
| Net income | CN¥2.31B | CN¥2.35B | CN¥1.58B | CN¥1.44B | CN¥899M |
| Free cash flow | -CN¥4.26B | CN¥2.53B | CN¥9.83B | CN¥6.49B | CN¥3.87B |
| Capital expenditure | CN¥124M | CN¥111M | CN¥88.8M | CN¥108M | CN¥84.8M |
| Total debt | CN¥63.6B | CN¥59.9B | CN¥57.1B | CN¥57.5B | CN¥45.1B |
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 |
|---|---|---|---|---|---|---|
| China Great Wall Securities 002939.SZ | $4.53B | -16% | -5% | 35% | n/a | n/a |
| CITIC Securities 600030.SS | $56.4B | -6% | -16% | 54% | n/a | n/a |
| Guotai Haitong Securities 601211.SS | $40.4B | +2% | +3% | 44% | n/a | n/a |
| Guosen Securities 002736.SZ | $13.9B | -16% | -10% | 34% | n/a | n/a |
| China Merchants Securities 600999.SS | $20.1B | +3% | -8% | 76% | n/a | n/a |
| China Industrial Securities 601377.SS | $7.12B | -9% | -11% | 29% | n/a | n/a |
| Orient Securities 600958.SS | $10.00B | -10% | -5% | 28% | 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 | 002939.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -0.8% | -3.4% | 8th highest of 21 |
| 6-month return | -15.8% | -12.0% | 8th lowest of 21 |
| Distance from 52-week high | -38.0% | -30.0% | 8th lowest of 21 |
| Revenue growth (TTM) | -4.6% | +9.2% | 7th lowest of 21 |
| Operating margin | 35.2% | 29.4% | 8th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| China Great Wall Securities 002939.SZ | China | $4.53B | -16% | -5% | 35% | n/a | n/a | n/a |
| Guoyuan Securities 000728.SZ | China | $4.53B | -6% | -23% | 34% | 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 |
| Piper Sandler Companies PIPR | United States | $4.65B | -19% | +20% | 21% | n/a | n/a | n/a |
| BOC International (China) 601696.SS | China | $4.37B | -16% | +6% | 35% | n/a | n/a | n/a |
| Hongta Securities 601236.SS | China | $4.72B | -11% | -4% | 39% | n/a | n/a | n/a |
| Nanjing Securities 601990.SS | China | $4.30B | -11% | -9% | 37% | 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 |
| SamsungSecu 016360.KS | South Korea | $4.87B | -31% | +19% | 71% | n/a | n/a | n/a |
| BGC BGC | United States | $4.89B | -8% | +28% | 9% | n/a | n/a | n/a |
| Tianfeng Securities 601162.SS | China | $4.91B | -9% | -20% | 3% | n/a | n/a | n/a |
| KIH 071050.KS | South Korea | $5.15B | -49% | +100% | 51% | n/a | n/a | n/a |
| XTB Spolka Akcyjna XTB.WA | Poland | $3.98B | +22% | +63% | 48% | n/a | n/a | n/a |
| Huaan Securities 600909.SS | China | $5.17B | +23% | -18% | 121% | n/a | n/a | n/a |
| Guangzhou Yuexiu Capital 000987.SZ | China | $5.20B | -23% | -44% | 11% | n/a | n/a | n/a |
| Southwest Securities 600369.SS | China | $3.90B | -8% | -13% | 27% | n/a | n/a | n/a |
| Galaxy Digital GLXY | United States | $5.31B | -55% | +430% | 1% | n/a | n/a | n/a |
| 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 |
| Lazard LAZ | United States | $3.74B | -20% | +9% | 11% | n/a | n/a | n/a |