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Chongqing state-owned full-service securities brokerage offering brokerage, investment banking and asset management.
Chongqing state-owned full-service securities brokerage offering brokerage, investment banking and asset management.
Earns commissions from retail share trading, interest on margin loans and income on its own bond and equity holdings, with underwriting and asset management as smaller lines, so profit moves with trading volume and market direction. It is a state-owned, Chongqing-based broker.
Moat: narrow (regulatory licence, distribution). Regulated brokerage licence, but a largely commoditized business among ~140 similar brokers.
Headquarters: Chongqing, China · Employees: 2,543
Size Southwest Securities (600369.SS) is a China Financials company (Investment Banks/Brokers) with a market value of $3.90B, the 659th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥3.91 on 6 Nov 2026.
Performance Over six months the shares fell 7.8%, against -13.0% for the median peer and -16.4% for the China market (cap-weighted) — 6th highest of 21 in its peer set.
Growth Revenue fell 12.8% over the last twelve months (peer median +9.2%); the operating margin is 27.0% (peer median 32.1%).
Valuation It trades at 20.6× forward earnings against a peer median of 16.8× (6th most expensive of 17).
Next results Next results expected around 26 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥3.48B | CN¥4.13B | CN¥3.65B | CN¥3.43B | CN¥3.01B |
| Revenue growth | — | +13% | +7% | +14% | — |
| Gross profit | CN¥2.48B | CN¥3.30B | CN¥3.03B | CN¥2.88B | CN¥2.34B |
| EBITDA | n/a | CN¥1.79B | CN¥1.63B | CN¥1.56B | CN¥1.06B |
| Net income | CN¥1.29B | CN¥1.06B | CN¥699M | CN¥602M | CN¥309M |
| Free cash flow | CN¥5.49B | CN¥7.56B | CN¥3.55B | CN¥733M | CN¥3.93B |
| Capital expenditure | CN¥81.6M | CN¥101M | CN¥119M | CN¥134M | CN¥93.6M |
| Total debt | CN¥60.9B | CN¥53.1B | CN¥35.6B | CN¥43.9B | CN¥40.0B |
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 |
|---|---|---|---|---|---|---|
| Southwest Securities 600369.SS | $3.90B | -8% | -13% | 27% | 20.6× | n/a |
| CITIC Securities 600030.SS | $56.4B | -6% | -16% | 54% | 10.2× | n/a |
| Guotai Haitong Securities 601211.SS | $40.4B | +2% | +3% | 44% | 8.9× | n/a |
| Western Securities 002673.SZ | $3.83B | -14% | -2% | 29% | n/a | n/a |
| Changjiang Securities 000783.SZ | $5.77B | -13% | +13% | 37% | 8.1× | n/a |
| Caitong Securities 601108.SS | $5.12B | -11% | -12% | 31% | 10.7× | n/a |
| Dongxing Securities 601198.SS | n/a | -4% | n/a | n/a | n/a | n/a |
| Huaan Securities 600909.SS | $5.17B | +23% | -18% | 121% | 6.2× | 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 | 600369.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +0.8% | -0.3% | 10th highest of 21 |
| 6-month return | -7.8% | -13.0% | 6th highest of 21 |
| Distance from 52-week high | -19.9% | -28.4% | 2nd highest of 21 |
| Revenue growth (TTM) | -12.8% | +9.2% | 3rd lowest of 21 |
| Operating margin | 27.0% | 32.1% | 8th lowest of 21 |
| Forward P/E | 20.6× | 16.8× | 6th most expensive of 17 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| 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 |
| XTB Spolka Akcyjna XTB.WA | Poland | $3.98B | +22% | +63% | 48% | 9.6× | n/a | n/a |
| PJT Partners PJT | United States | $3.80B | -4% | +10% | 21% | 18.0× | n/a | n/a |
| Lazard LAZ | United States | $3.74B | -20% | +9% | 11% | 16.7× | n/a | n/a |
| IG Group Holdings plc IGG.L | United Kingdom | $4.23B | -38% | +16% | 40% | 8.7× | n/a | n/a |
| Nanjing Securities 601990.SS | China | $4.30B | -11% | -9% | 37% | 24.1× | 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% | 2.9× | n/a | n/a |
| BOC International (China) 601696.SS | China | $4.37B | -16% | +6% | 35% | 24.7× | n/a | n/a |
| Pacific Securities 601099.SS | China | $3.47B | -8% | -11% | 14% | n/a | n/a | n/a |
| Miami International MIAX | United States | $3.45B | -34% | +14% | 12% | 18.8× | n/a | n/a |
| Guoyuan Securities 000728.SZ | China | $4.53B | -6% | -23% | 34% | 10.3× | n/a | n/a |
| China Great Wall Securities 002939.SZ | China | $4.53B | -16% | -5% | 35% | n/a | n/a | n/a |
| 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 |
| Hongta Securities 601236.SS | China | $4.72B | -11% | -4% | 39% | 26.8× | n/a | n/a |
| Angel One ANGELONE.NS | India | $3.20B | +3% | +21% | 28% | 23.1× | n/a | n/a |
| Minmetals Capital 600390.SS | China | $3.15B | -11% | -62% | 60% | 51.9× | n/a | n/a |
| Plus500 PLUS.L | United Kingdom | $3.12B | -26% | +3% | 41% | 10.4× | n/a | n/a |