Loading…
Brokerage formed by merging Guolian Securities and Minsheng Securities, part of China's broker consolidation wave.
Brokerage formed by merging Guolian Securities and Minsheng Securities, part of China's broker consolidation wave.
Earns commissions on client trades, underwriting fees and asset-management fees, plus interest on margin lending, so Chinese stock-market turnover drives results more than any single product. These H shares in Hong Kong represent the same company whose A shares trade in Shanghai, giving offshore investors the exposure.
In one line: A newly-merged mid-tier Chinese broker-dealer.
Moat: none (scale). Recently merged; still integrating scale benefits versus larger national brokers.
Headquarters: Wuxi, China · Founded: 1999 · Employees: 5,505
Size Guolian Minsheng Securities (1456.HK) is a Hong Kong Financials company (Investment Banks/Brokers) with a market value of $6.70B, the 220th largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$3.33 on 6 Nov 2026.
Performance Over six months the shares fell 29.3%, against -10.9% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — 5th lowest of 21 in its peer set.
Growth Revenue grew 14.2% over the last twelve months (peer median +3.5%); the operating margin is 25.0% (peer median 37.1%).
Valuation It trades at 6.8× forward earnings against a peer median of 10.3× (6th cheapest of 20).
Next results Next results expected around 31 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | HK$12.4B | HK$11.5B | HK$5.45B | HK$3.78B | HK$4.29B |
| Revenue growth | — | +110% | +44% | -12% | — |
| Gross profit | HK$10.3B | HK$9.53B | HK$4.77B | HK$3.14B | HK$3.69B |
| EBITDA | n/a | HK$4.62B | HK$2.01B | HK$2.40B | HK$2.49B |
| Net income | HK$2.69B | HK$2.18B | HK$431M | HK$742M | HK$892M |
| Free cash flow | HK$30.5B | HK$3.98B | HK$14.6B | HK$6.35B | HK$7.49B |
| Capital expenditure | HK$411M | HK$326M | HK$157M | HK$219M | HK$131M |
| Total debt | HK$125B | HK$98.0B | HK$55.7B | HK$49.9B | HK$40.7B |
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 | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Guolian Minsheng Securities 1456.HK | $6.70B | -29% | +14% | 25% | 6.8× | n/a |
| Orient Securities 3958.HK | $10.1B | -13% | +21% | 40% | 5.9× | n/a |
| Everbright Securities 6178.HK | $8.59B | -20% | +15% | 42% | 6.0× | n/a |
| Guotai Haitong Securities 2611.HK | $39.8B | -6% | +38% | 69% | 6.0× | n/a |
| CSC Financial 6066.HK | $23.5B | -15% | +3% | 49% | 5.5× | 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 | 1456.HK | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -5.5% | -3.1% | 9th lowest of 21 |
| 6-month return | -29.3% | -10.9% | 5th lowest of 21 |
| Distance from 52-week high | -47.6% | -29.4% | 4th lowest of 21 |
| Revenue growth (TTM) | +14.2% | +3.5% | 7th highest of 21 |
| Operating margin | 25.0% | 37.1% | 5th lowest of 21 |
| Forward P/E | 6.8× | 10.3× | 6th cheapest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Guolian Minsheng Securities 1456.HK | Hong Kong | $6.70B | -29% | +14% | 25% | 6.8× | n/a | n/a |
| Allfunds ALLFG.AS | Netherlands | $6.69B | +18% | +1% | 43% | 20.5× | n/a | n/a |
| StoneX SNEX | United States | $6.55B | -33% | +21% | 2% | 13.0× | n/a | n/a |
| NHIS 005940.KS | South Korea | $6.46B | -32% | +156% | 34% | 5.2× | n/a | n/a |
| Swissquote SQN.SW | Switzerland | $6.33B | -13% | +4% | 44% | 15.9× | n/a | n/a |
| Zhongtai Securities 600918.SS | China | $6.31B | -12% | -4% | 21% | 17.1× | n/a | n/a |
| Investec INVP.L | United Kingdom | $7.34B | +3% | -4% | 37% | 7.1× | n/a | n/a |
| Zheshang Securities 601878.SS | China | $6.03B | -10% | -4% | 32% | 13.0× | n/a | n/a |
| SDIC Capital 600061.SS | China | $5.96B | -7% | -28% | 33% | 12.0× | n/a | n/a |
| Avanza Bank AZA.ST | Sweden | $5.95B | +13% | +13% | 54% | 19.1× | n/a | n/a |
| Mirae Asset Sec 006800.KS | South Korea | $7.57B | -66% | +5% | 114% | 4.0× | n/a | n/a |
| MarketAxess MKTX | United States | $5.83B | +12% | +3% | 39% | 19.5× | n/a | n/a |
| Changjiang Securities 000783.SZ | China | $5.77B | -13% | +13% | 37% | 8.1× | n/a | n/a |
| XP Inc. Class A XP | United States | $7.83B | -21% | +17% | 32% | 6.7× | n/a | n/a |
| Soochow Securities 601555.SS | China | $5.64B | -5% | +3% | 36% | 10.3× | n/a | n/a |
| Virtu Financial VIRT | United States | $8.37B | +5% | +28% | 38% | 7.8× | n/a | n/a |
| Galaxy Digital GLXY | United States | $5.31B | -55% | +430% | 1% | n/a | n/a | n/a |
| Founder Securities 601901.SS | China | $8.52B | -4% | -21% | 47% | 11.7× | n/a | n/a |
| Everbright Securities 6178.HK | Hong Kong | $8.59B | -20% | +15% | 42% | 6.0× | n/a | n/a |
| Guangzhou Yuexiu Capital 000987.SZ | China | $5.20B | -23% | -44% | 11% | 7.6× | n/a | n/a |
| Huaan Securities 600909.SS | China | $5.17B | +23% | -18% | 121% | 6.2× | n/a | n/a |