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← CockpitCompetitor Analysis › 600621.SS Shanghai Chinafortune Co., Ltd. Class AOpen in the cockpit ↗

Shanghai Chinafortune Co., Ltd. Class A600621.SSCompetitor analysis, valuation and peers

China · CNY·Financials›Investment Banks/Brokers

Shanghai financial holding company whose main asset is Huaxin Securities, a regional brokerage subsidiary.

Momentum strong 60
Mkt cap
$1.97B
US dollars, full cap
Free float
45%
of shares outstanding
$/day
$103M
20-day average traded
Fwd P/E
15.6×
forward earnings
ROIC−WACC
n/a
WACC 5.1%
Hurdle
n/a
no reverse DCF
Close · CNYCN¥12.35
1D-1.6%
1W+2.8%
1M-8.2%
3M-7.3%
6M-11.8%
YTD-19.0%
1Y-24.8%
ATR %5.0%
52w lowhigh32.8% off high

What Shanghai Chinafortune does

Shanghai financial holding company whose main asset is Huaxin Securities, a regional brokerage subsidiary.

Holding company whose earnings come through Huaxin Securities: commissions on share trading, interest on margin loans (money lent to clients to buy shares) and underwriting fees, all of which rise and fall with turnover on Chinese exchanges.

Products and services

  • Securities brokerage (subsidiary)
  • Investment banking/underwriting

Customers

  • Retail investors
  • Corporate issuers
  • Institutional investors

Where it sits in the supply chain

  • Financials
  • Capital markets
  • Securities brokerage (via subsidiary)

What could go right

  • Trading-volume/margin-financing cycles

What could go wrong

  • Equity market trading-volume cycles
  • Commission-fee compression

Moat: narrow (regulatory licence, distribution). Regulated brokerage licence, but a largely commoditized business among ~140 similar brokers.

Headquarters: Shanghai, China · Employees: 1,895

Named competitors

Shanghai Chinafortune at a glance

Size Shanghai Chinafortune (600621.SS) is a China Financials company (Investment Banks/Brokers) with a market value of $1.97B, the 1286th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥12.35 on 6 Nov 2026.

Performance Over six months the shares fell 11.8%, against -13.9% for the median peer and -16.4% for the China market (cap-weighted) — 10th highest of 20 in its peer set.

Growth Revenue fell 5.5% over the last twelve months (peer median +27.9%); the operating margin is 24.8% (peer median 30.3%).

Valuation It trades at 15.6× forward earnings against a peer median of 11.5× (4th most expensive of 13).

Relative performance

9010011011 May 202611 Aug 20266 Nov 2026600621.SS 87Peer median 85
Six months, rebased to 100: Shanghai Chinafortune against the median of its 20 peers (local-currency closes).

Shanghai Chinafortune financials

Reported figures in CNY; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
RevenueCN¥3.00BCN¥3.72BCN¥2.92BCN¥2.59BCN¥2.67B
Revenue growth—+27%+13%-3%—
Gross profitCN¥2.53BCN¥2.85BCN¥2.18BCN¥1.90BCN¥1.93B
EBITDAn/aCN¥1.47BCN¥1.07BCN¥815MCN¥876M
Net incomeCN¥648MCN¥636MCN¥365MCN¥397MCN¥352M
Free cash flowCN¥9.07BCN¥4.58BCN¥7.17BCN¥208MCN¥3.64B
Capital expenditureCN¥102MCN¥105MCN¥83.7MCN¥136MCN¥134M
Total debtCN¥27.9BCN¥22.6BCN¥16.2BCN¥15.7BCN¥12.6B

Quarterly statements and history in the cockpit →

Shanghai Chinafortune competitor charts

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.

Performance: 6-month against 1-month return

-50%0%+50%+100%-20%0%600533502691137528896001552855TOPU10CFT02908628CMCXAMTD0622002500600621.SS6-month return →1-month return →
Up and to the right = strong over both horizons. Shanghai Chinafortune is the large dot.

Fundamentals: revenue growth against valuation

-20%0%+20%+40%10×20×30×40×26911375600155U10CFT8628000686CMCX8304LCLN002500FTK600621.SSRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Shanghai Chinafortune is the large dot.

Shanghai Chinafortune competitors and peer comparison

Head to head with its named competitors (600621.SS vs 600030.SS vs 601211.SS vs 000686.SZ)
CompanyMarket cap6M returnRevenue growthOp. marginForward P/EReq g
Shanghai Chinafortune 600621.SS$1.97B-12%-5%25%15.6×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
Northeast Securities 000686.SZ$2.52B-17%+1%23%11.1×n/a
Changjiang Securities 000783.SZ$5.77B-13%+13%37%8.1×n/a
Guoyuan Securities 000728.SZ$4.53B-6%-23%34%10.3×n/a
Dongxing Securities 601198.SSn/a-4%n/an/an/an/a
Caitong Securities 601108.SS$5.12B-11%-12%31%10.7×n/a
Soochow Securities 601555.SS$5.64B-5%+3%36%10.3×n/a

How Shanghai Chinafortune compares with its peers

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.

Shanghai Chinafortune against its 20 peers (data as of 6 Nov 2026)
Measure600621.SSPeer medianRank in peer set
1-month return-8.2%-7.6%9th lowest of 21
6-month return-11.8%-13.9%10th highest of 20
Distance from 52-week high-32.8%-33.6%11th highest of 21
Revenue growth (TTM)-5.5%+27.9%3rd lowest of 21
Operating margin24.8%30.3%5th lowest of 21
Forward P/E15.6×11.5×4th most expensive of 13

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Shanghai Chinafortune 600621.SSChina$1.97B-12%-5%25%15.6×n/an/a
Capital Securities 6005.TWTaiwan$2.04B-7%+81%46%n/an/an/a
Metaplanet 3350.TJapan$2.05B-27%+290%62%n/an/an/a
Nanhua Futures 2691.HKHong Kong$1.86B-17%-24%47%5.8×n/an/a
Central China Securities 1375.HKHong Kong$2.18B-27%+41%33%9.3×n/an/a
IBF Financial 2889.TWTaiwan$1.75B+9%+66%58%n/an/an/a
Polaris Bay 600155.SSChina$1.74B-14%-4%5%38.6×n/an/a
President Securities 2855.TWTaiwan$2.34B+24%+796%32%n/an/an/a
TOP Financial TOPUnited States$1.64B+93%-41%-14%n/an/an/a
UOB-Kay Hian U10.SISingapore$2.36B-29%+36%42%9.4×n/an/a
Compagnie Financiere Tradition CFT.SWSwitzerland$2.37B-15%+3%14%13.1×n/an/a
GoFintech Quantum Innovation 0290.HKHong Kong$1.62B-82%+108%26%n/an/an/a
Matsui Securities 8628.TJapan$1.61B+7%+47%47%11.9×n/an/a
Northeast Securities 000686.SZChina$2.52B-17%+1%23%11.1×n/an/a
CMC Markets CMCX.LUnited Kingdom$2.54B+79%+16%27%10.5×n/an/a
AMTD IDEA Group Sponsored ADR AMTDUnited States$1.50B-52%+14%27%n/an/an/a
Aozora Bank 8304.TJapan$2.60B+17%+12%29%14.4×n/an/a
Lincoln International LCLNUnited States$2.65Bn/a+35%28%18.3×n/an/a
Oshidori International 0622.HKHong Kong$2.67B+52%+71%47%n/an/an/a
Shanxi Securities 002500.SZChina$2.73B-10%-3%28%16.4×n/an/a
flatexDEGIRO FTK.DEGermany$2.78B-27%+20%45%11.1×n/an/a

Questions

Who are Shanghai Chinafortune's main competitors?
Named competitors: CITIC Securities (600030.SS), Guotai Junan Securities (601211.SS), Northeast Securities (000686.SZ), Changjiang Securities (000783.SZ), Guoyuan Securities (000728.SZ), Dongxing Securities (601198.SS). The cockpit's measured peer set (industry) also includes Capital Securities (6005.TW), Metaplanet (3350.T), Nanhua Futures (2691.HK), Central China Securities (1375.HK), IBF Financial (2889.TW), Polaris Bay (600155.SS).
Is Shanghai Chinafortune expensive compared with its peers?
On forward p/e it trades at 15.6× against a peer median of 11.5×, 4th most expensive of 13 in its peer set.
How has Shanghai Chinafortune stock performed?
Over six months to 6 Nov 2026 the shares returned -11.8% against -13.9% for the median peer; over one year -24.8%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.