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Sichuan state-backed full-service securities brokerage offering brokerage, investment banking and asset management.
Sichuan state-backed full-service securities brokerage offering brokerage, investment banking and asset management.
Earns brokerage commissions on client trades, interest on margin loans (money lent to clients to buy shares) and fees from underwriting and asset management, plus gains on its own investments, so results swing with stock-market turnover. Its base is Sichuan, and it competes against much larger national brokers.
Moat: narrow (regulatory licence, distribution). Regulated brokerage licence, but a largely commoditized business among ~140 similar brokers.
Headquarters: Chengdu, Sichuan, China · Employees: 5,967
Size Sinolink Securities (600109.SS) is a China Financials company (Investment Banks/Brokers) with a market value of $4.60B, the 551st largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥8.33 on 6 Nov 2026.
Performance Over six months the shares fell 7.1%, against -12.0% for the median peer and -16.4% for the China market (cap-weighted) — 6th highest of 21 in its peer set.
Growth Revenue grew 9.6% over the last twelve months (peer median +4.6%); the operating margin is 30.2% (peer median 34.3%).
Valuation It trades at 11.8× forward earnings against a peer median of 10.3× (9th most expensive of 18).
Next results Next results expected around 23 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥10.5B | CN¥10.5B | CN¥8.69B | CN¥8.74B | CN¥7.15B |
| Revenue growth | — | +21% | -1% | +22% | — |
| Gross profit | CN¥9.30B | CN¥8.89B | CN¥7.38B | CN¥7.58B | CN¥6.06B |
| EBITDA | n/a | CN¥4.07B | CN¥3.34B | CN¥3.39B | CN¥2.40B |
| Net income | CN¥2.58B | CN¥2.28B | CN¥1.67B | CN¥1.72B | CN¥1.20B |
| Free cash flow | CN¥32.6B | CN¥19.1B | -CN¥1.86B | CN¥198M | CN¥12.0B |
| Capital expenditure | CN¥208M | CN¥129M | CN¥153M | CN¥187M | CN¥161M |
| Total debt | CN¥73.2B | CN¥58.6B | CN¥42.0B | CN¥53.1B | CN¥38.8B |
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 |
|---|---|---|---|---|---|---|
| Sinolink Securities 600109.SS | $4.60B | -7% | +10% | 30% | 11.8× | n/a |
| CITIC Securities 600030.SS | $56.4B | -6% | -16% | 54% | 10.2× | n/a |
| Western Securities 002673.SZ | $3.83B | -14% | -2% | 29% | n/a | n/a |
| China Industrial Securities 601377.SS | $7.12B | -9% | -11% | 29% | 13.2× | n/a |
| Everbright Securities 601788.SS | $8.70B | -9% | -4% | 36% | 14.6× | n/a |
| Guosen Securities 002736.SZ | $13.9B | -16% | -10% | 34% | 7.9× | n/a |
| Huatai Securities 601688.SS | $22.7B | -7% | -6% | 38% | 8.3× | 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 | 600109.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +3.5% | -3.5% | 2nd highest of 21 |
| 6-month return | -7.1% | -12.0% | 6th highest of 21 |
| Distance from 52-week high | -20.4% | -30.0% | 3rd highest of 21 |
| Revenue growth (TTM) | +9.6% | +4.6% | 10th highest of 21 |
| Operating margin | 30.2% | 34.3% | 10th lowest of 21 |
| Forward P/E | 11.8× | 10.3× | 9th most expensive of 18 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Sinolink Securities 600109.SS | China | $4.60B | -7% | +10% | 30% | 11.8× | n/a | n/a |
| Moelis & MC | United States | $4.62B | -13% | +14% | 18% | 16.9× | n/a | n/a |
| Piper Sandler Companies PIPR | United States | $4.65B | -19% | +20% | 21% | 14.6× | n/a | n/a |
| 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% | 10.3× | n/a | n/a |
| Hongta Securities 601236.SS | China | $4.72B | -11% | -4% | 39% | 26.8× | n/a | n/a |
| BOC International (China) 601696.SS | China | $4.37B | -16% | +6% | 35% | 24.7× | n/a | n/a |
| SamsungSecu 016360.KS | South Korea | $4.87B | -31% | +19% | 71% | 4.0× | n/a | n/a |
| BGC BGC | United States | $4.89B | -8% | +28% | 9% | 7.1× | n/a | n/a |
| Tianfeng Securities 601162.SS | China | $4.91B | -9% | -20% | 3% | 65.0× | n/a | n/a |
| Nanjing Securities 601990.SS | China | $4.30B | -11% | -9% | 37% | 24.1× | n/a | n/a |
| IG Group Holdings plc IGG.L | United Kingdom | $4.23B | -38% | +16% | 40% | 8.7× | n/a | n/a |
| KIH 071050.KS | South Korea | $5.15B | -49% | +100% | 51% | 2.4× | n/a | n/a |
| Huaan Securities 600909.SS | China | $5.17B | +23% | -18% | 121% | 6.2× | n/a | n/a |
| Guangzhou Yuexiu Capital 000987.SZ | China | $5.20B | -23% | -44% | 11% | 7.6× | n/a | n/a |
| Galaxy Digital GLXY | United States | $5.31B | -55% | +430% | 1% | n/a | n/a | n/a |
| XTB Spolka Akcyjna XTB.WA | Poland | $3.98B | +22% | +63% | 48% | 9.6× | n/a | n/a |
| Southwest Securities 600369.SS | China | $3.90B | -8% | -13% | 27% | 20.6× | 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% | 18.0× | n/a | n/a |
| Soochow Securities 601555.SS | China | $5.64B | -5% | +3% | 36% | 10.3× | n/a | n/a |