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Guangdong-based brokerage and asset manager with one of China's largest mutual-fund subsidiaries.
Guangdong-based brokerage and asset manager with one of China's largest mutual-fund subsidiaries.
Earns commissions on customer trades, interest on margin loans, underwriting fees, and fees from managing funds through its stake in GF Fund Management, so part of its income follows market activity and part follows assets under management. This is the Hong Kong-listed share class of the company that also trades in Shenzhen.
In one line: A Chinese broker-dealer with a large in-house fund-management arm.
Moat: narrow (scale, brand). Large captive fund-management franchise adds a steadier fee stream than brokerage alone.
Headquarters: Guangzhou, China · Founded: 1991 · Employees: 13,640
Size GF Securities (1776.HK) is a Hong Kong Financials company (Investment Banks/Brokers) with a market value of $20.5B, the 88th largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$16.13 on 6 Nov 2026.
Performance Over six months the shares fell 8.3%, against -2.4% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — 7th lowest of 21 in its peer set.
Growth Revenue grew 17.9% over the last twelve months (peer median +16.4%); the operating margin is 75.0% (peer median 36.4%).
Valuation It trades at 5.6× forward earnings against a peer median of 14.2× (cheapest of 21).
Next results Next results expected around 26 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | HK$48.6B | HK$41.3B | HK$38.9B | HK$36.5B | HK$39.0B |
| Revenue growth | — | +6% | +7% | -6% | — |
| Gross profit | HK$45.1B | HK$38.1B | HK$35.5B | HK$32.8B | HK$36.0B |
| EBITDA | HK$37.8B | HK$27.9B | HK$21.6B | HK$18.1B | HK$18.3B |
| Net income | HK$20.1B | HK$13.8B | HK$9.46B | HK$6.95B | HK$8.99B |
| Free cash flow | HK$83.2B | HK$79.1B | HK$4.63B | HK$34.7B | HK$9.63B |
| Capital expenditure | HK$748M | HK$789M | HK$798M | HK$1.04B | HK$835M |
| Total debt | n/a | HK$530B | HK$418B | HK$394B | HK$352B |
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 |
|---|---|---|---|---|---|---|
| GF Securities 1776.HK | $20.5B | -8% | +18% | 75% | 5.6× | n/a |
| Huatai Securities 6886.HK | $22.5B | -12% | +123% | 30% | 5.8× | n/a |
| China Merchants Securities 6099.HK | $20.2B | -10% | +98% | 34% | 4.5× | n/a |
| CITIC Securities 6030.HK | $56.2B | -23% | +102% | 22% | 7.1× | n/a |
| Guotai Haitong Securities 2611.HK | $39.8B | -6% | +38% | 69% | 6.0× | 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 | 1776.HK | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -5.3% | +1.1% | 8th lowest of 21 |
| 6-month return | -8.3% | -2.4% | 7th lowest of 21 |
| Distance from 52-week high | -20.9% | -17.4% | 10th lowest of 21 |
| Revenue growth (TTM) | +17.9% | +16.4% | 11th highest of 21 |
| Operating margin | 75.0% | 36.4% | highest of 21 |
| Forward P/E | 5.6× | 14.2× | cheapest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| GF Securities 1776.HK | Hong Kong | $20.5B | -8% | +18% | 75% | 5.6× | n/a | n/a |
| China International Capital 3908.HK | Hong Kong | $21.3B | -15% | -16% | 55% | 5.6× | n/a | n/a |
| Euronext ENX.PA | France | $18.8B | +21% | +14% | 52% | 19.7× | 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 |
| Singapore Exchange S68.SI | Singapore | $17.2B | -2% | +14% | 57% | 27.0× | n/a | n/a |
| BSE BSE.NS | India | $16.4B | -4% | +58% | 65% | 47.0× | n/a | n/a |
| China Galaxy Securities 601881.SS | China | $16.1B | -8% | -20% | 37% | 9.5× | n/a | n/a |
| Meritz Financial 138040.KS | South Korea | $15.7B | +18% | +31% | 49% | 8.6× | n/a | n/a |
| Shenwan Hongyuan 000166.SZ | China | $15.5B | -8% | -26% | 31% | 10.9× | n/a | n/a |
| Yuanta Financial Holding Co. Lt 2885.TW | Taiwan | $28.1B | +28% | +78% | 28% | 14.2× | n/a | n/a |
| Tradeweb Markets TW | United States | $29.7B | +17% | +14% | 44% | 27.9× | n/a | n/a |
| Daiwa Securities 8601.T | Japan | $14.0B | +11% | +18% | 17% | 10.8× | 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 |
| TMX X.TO | Canada | $12.1B | +10% | +4% | 28% | 22.8× | n/a | n/a |
| Coinbase COIN | United States | $35.7B | -33% | -48% | -33% | 99.3× | n/a | n/a |
| Cboe Global Markets CBOE | United States | $36.9B | +2% | +14% | 36% | 23.4× | n/a | n/a |
| Freedom FRHC | United States | $11.4B | +28% | +8% | 29% | 39.7× | 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 |