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← CockpitCompetitor Analysis › 600909.SS Huaan Securities Co., Ltd. Class AOpen in the cockpit ↗

Huaan Securities Co., Ltd. Class A600909.SSCompetitor analysis, valuation and peers

China · CNY·Financials›Investment Banks/Brokers

Anhui provincial brokerage offering retail/institutional brokerage, investment banking and asset management.

Momentum leader 83
Mkt cap
$5.17B
US dollars, full cap
Free float
41%
of shares outstanding
$/day
$102M
20-day average traded
Fwd P/E
6.2×
forward earnings
ROIC−WACC
n/a
WACC 5.7%
Hurdle
n/a
no reverse DCF
Next earnings
140 days
26 Mar 2027
Close · CNYCN¥6.86
1D-3.0%
1W-0.3%
1M-8.5%
3M-10.4%
6M+23.4%
YTD+1.2%
1Y+7.5%
ATR %3.7%
52w lowhigh47.0% off high

What Huaan Securities does

Anhui provincial brokerage offering retail/institutional brokerage, investment banking and asset management.

Products and services

  • Retail brokerage
  • Investment banking
  • Asset management

Customers

  • Retail investors
  • corporate issuers

Where it sits in the supply chain

  • Financial services
  • Securities brokerage
  • Brokerage, investment banking, asset…

What could go right

  • Trading-volume growth

What could go wrong

  • Trading-volume cyclicality
  • Regulatory fee pressure

Moat: none (brand). Regional state-owned brokerage without a clearly differentiated national franchise.

Headquarters: Hefei, Anhui, China · Founded: 1996 · Employees: 3,631

Named competitors

Huaan Securities at a glance

Size Huaan Securities (600909.SS) is a China Financials company (Investment Banks/Brokers) with a market value of $5.17B, the 487th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥6.86 on 6 Nov 2026.

Performance Over six months the shares gained 23.4%, against -11.0% for the median peer and -16.4% for the China market (cap-weighted) — highest of 21 in its peer set.

Growth Revenue fell 18.1% over the last twelve months (peer median +4.8%); the operating margin is 121.4% (peer median 34.3%).

Valuation It trades at 6.2× forward earnings against a peer median of 12.5× (3rd cheapest of 19).

Next results Next results expected around 26 Mar 2027 (exchange calendar; dates can move).

Relative performance

10015020011 May 202611 Aug 20266 Nov 2026600909.SS 121Peer median 89
Six months, rebased to 100: Huaan Securities against the median of its 20 peers (local-currency closes).

Huaan Securities financials

Reported figures in CNY; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
RevenueCN¥5.42BCN¥6.41BCN¥5.17BCN¥4.84BCN¥4.33B
Revenue growth—+24%+7%+12%—
Gross profitCN¥4.41BCN¥5.67BCN¥4.57BCN¥3.83BCN¥3.41B
EBITDAn/aCN¥3.82BCN¥3.05BCN¥2.66BCN¥2.33B
Net incomeCN¥5.30BCN¥2.11BCN¥1.49BCN¥1.27BCN¥1.18B
Free cash flow-CN¥4.19B-CN¥1.83BCN¥15.4BCN¥368MCN¥2.24B
Capital expenditureCN¥270MCN¥261MCN¥178MCN¥328MCN¥295M
Total debtCN¥46.4BCN¥46.1BCN¥52.4BCN¥39.1BCN¥32.9B

Quarterly statements and history in the cockpit →

Huaan Securities 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

-40%-20%0%+20%-30%-20%-10%0%071050000987GLXY601162BGC016360601555PIPR000783MC600109MKTX002939AZA600061601696600909.SS6-month return →1-month return →
Up and to the right = strong over both horizons. Huaan Securities is the large dot.

Fundamentals: revenue growth against valuation

-50%0%+50%+100%0×20×40×60×071050000987601162BGC016360601555601236PIPR600109MKTX000728600061601878601990600909.SSRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Huaan Securities is the large dot.

Huaan Securities competitors and peer comparison

Head to head with its named competitors (600909.SS vs 600030.SS vs 601688.SS vs 000728.SZ)
CompanyMarket cap6M returnRevenue growthOp. marginForward P/EReq g
Huaan Securities 600909.SS$5.17B+23%-18%121%6.2×n/a
CITIC Securities 600030.SS$56.4B-6%-16%54%10.2×n/a
Huatai Securities 601688.SS$22.7B-7%-6%38%8.3×n/a
Guoyuan Securities 000728.SZ$4.53B-6%-23%34%10.3×n/a
China Industrial Securities 601377.SS$7.12B-9%-11%29%13.2×n/a
Orient Securities 600958.SS$10.00B-10%-5%28%11.1×n/a
Everbright Securities 601788.SS$8.70B-9%-4%36%14.6×n/a
Zheshang Securities 601878.SS$6.03B-10%-4%32%13.0×n/a

How Huaan Securities 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.

Huaan Securities against its 20 peers (data as of 6 Nov 2026)
Measure600909.SSPeer medianRank in peer set
1-month return-8.5%-3.1%5th lowest of 21
6-month return+23.4%-11.0%highest of 21
Distance from 52-week high-47.0%-27.1%4th lowest of 21
Revenue growth (TTM)-18.1%+4.8%5th lowest of 21
Operating margin121.4%34.3%highest of 21
Forward P/E6.2×12.5×3rd cheapest of 19

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
Huaan Securities 600909.SSChina$5.17B+23%-18%121%6.2×n/an/a
KIH 071050.KSSouth Korea$5.15B-49%+100%51%2.4×n/an/a
Guangzhou Yuexiu Capital 000987.SZChina$5.20B-23%-44%11%7.6×n/an/a
Galaxy Digital GLXYUnited States$5.31B-55%+430%1%n/an/an/a
Tianfeng Securities 601162.SSChina$4.91B-9%-20%3%65.0×n/an/a
BGC BGCUnited States$4.89B-8%+28%9%7.1×n/an/a
SamsungSecu 016360.KSSouth Korea$4.87B-31%+19%71%4.0×n/an/a
Soochow Securities 601555.SSChina$5.64B-5%+3%36%10.3×n/an/a
Hongta Securities 601236.SSChina$4.72B-11%-4%39%26.8×n/an/a
Piper Sandler Companies PIPRUnited States$4.65B-19%+20%21%14.6×n/an/a
Changjiang Securities 000783.SZChina$5.77B-13%+13%37%8.1×n/an/a
Moelis & MCUnited States$4.62B-13%+14%18%16.9×n/an/a
Sinolink Securities 600109.SSChina$4.60B-7%+10%30%11.8×n/an/a
MarketAxess MKTXUnited States$5.83B+12%+3%39%19.5×n/an/a
China Great Wall Securities 002939.SZChina$4.53B-16%-5%35%n/an/an/a
Guoyuan Securities 000728.SZChina$4.53B-6%-23%34%10.3×n/an/a
Avanza Bank AZA.STSweden$5.95B+13%+13%54%19.1×n/an/a
SDIC Capital 600061.SSChina$5.96B-7%-28%33%12.0×n/an/a
Zheshang Securities 601878.SSChina$6.03B-10%-4%32%13.0×n/an/a
BOC International (China) 601696.SSChina$4.37B-16%+6%35%24.7×n/an/a
Nanjing Securities 601990.SSChina$4.30B-11%-9%37%24.1×n/an/a

Questions

Who are Huaan Securities's main competitors?
Named competitors: CITIC Securities (600030.SS), Huatai Securities (601688.SS), Guoyuan Securities (000728.SZ), Industrial Securities (601377.SS), Orient Securities (600958.SS), Everbright Securities (601788.SS). The cockpit's measured peer set (industry) also includes KIH (071050.KS), Guangzhou Yuexiu Capital (000987.SZ), Galaxy Digital (GLXY), Tianfeng Securities (601162.SS), BGC (BGC), SamsungSecu (016360.KS).
Is Huaan Securities expensive compared with its peers?
On forward p/e it trades at 6.2× against a peer median of 12.5×, 3rd cheapest of 19 in its peer set.
How has Huaan Securities stock performed?
Over six months to 6 Nov 2026 the shares returned +23.4% against -11.0% for the median peer; over one year +7.5%.

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.