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Yunnan-based full-service securities brokerage offering brokerage, wealth management, investment banking and asset management.
Yunnan-based full-service securities brokerage offering brokerage, wealth management, investment banking and asset management.
Earns commissions on customers' share trades, interest on margin loans to clients who borrow to buy, and fees on underwriting and money management, plus gains or losses on securities it holds itself, so results move with market turnover and sentiment more than with anything the firm controls.
In one line: A regional Chinese brokerage, akin to a small regional US broker-dealer.
Moat: narrow (regulatory licence, distribution). Brokerage licences are tightly regulated, but the business is largely commoditized among ~140 similar brokers.
Headquarters: Kunming, Yunnan, China · Employees: 1,159
Size Hongta Securities (601236.SS) is a China Financials company (Investment Banks/Brokers) with a market value of $4.72B, the 532nd largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥6.71 on 6 Nov 2026.
Performance Over six months the shares fell 10.5%, against -12.0% for the median peer and -16.4% for the China market (cap-weighted) — 10th highest of 21 in its peer set.
Growth Revenue fell 4.3% over the last twelve months (peer median +7.9%); the operating margin is 39.4% (peer median 34.9%).
Valuation It trades at 26.8× forward earnings against a peer median of 10.3× (2nd most expensive of 19).
Next results Next results expected around 29 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥2.68B | CN¥2.97B | CN¥2.35B | CN¥1.74B | CN¥1.48B |
| Revenue growth | — | +26% | +35% | +17% | — |
| Gross profit | CN¥2.20B | CN¥2.74B | CN¥2.13B | CN¥1.44B | CN¥991M |
| EBITDA | n/a | CN¥2.09B | CN¥1.50B | CN¥833M | CN¥395M |
| Net income | CN¥935M | CN¥1.21B | CN¥764M | CN¥312M | CN¥38.5M |
| Free cash flow | -CN¥2.74B | -CN¥1.31B | CN¥3.93B | -CN¥8.38B | -CN¥6.34B |
| Capital expenditure | CN¥92.4M | CN¥95.2M | CN¥86.0M | CN¥76.8M | CN¥62.5M |
| Total debt | CN¥34.3B | CN¥26.8B | CN¥25.5B | CN¥16.9B | CN¥17.7B |
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 |
|---|---|---|---|---|---|---|
| Hongta Securities 601236.SS | $4.72B | -11% | -4% | 39% | 26.8× | 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 |
| GF Securities 000776.SZ | $20.9B | -10% | +37% | 42% | 7.8× | 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 | 601236.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -4.0% | -3.4% | 9th lowest of 21 |
| 6-month return | -10.5% | -12.0% | 10th highest of 21 |
| Distance from 52-week high | -26.9% | -32.9% | 7th highest of 21 |
| Revenue growth (TTM) | -4.3% | +7.9% | 8th lowest of 21 |
| Operating margin | 39.4% | 34.9% | 6th highest of 21 |
| Forward P/E | 26.8× | 10.3× | 2nd most expensive of 19 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Hongta Securities 601236.SS | China | $4.72B | -11% | -4% | 39% | 26.8× | n/a | n/a |
| Piper Sandler Companies PIPR | United States | $4.65B | -19% | +20% | 21% | 14.6× | n/a | n/a |
| Moelis & MC | United States | $4.62B | -13% | +14% | 18% | 16.9× | n/a | n/a |
| Sinolink Securities 600109.SS | China | $4.60B | -7% | +10% | 30% | 11.8× | 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 |
| 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 |
| BOC International (China) 601696.SS | China | $4.37B | -16% | +6% | 35% | 24.7× | 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 |
| Nanjing Securities 601990.SS | China | $4.30B | -11% | -9% | 37% | 24.1× | n/a | n/a |
| Guangzhou Yuexiu Capital 000987.SZ | China | $5.20B | -23% | -44% | 11% | 7.6× | n/a | n/a |
| IG Group Holdings plc IGG.L | United Kingdom | $4.23B | -38% | +16% | 40% | 8.7× | 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 |
| Soochow Securities 601555.SS | China | $5.64B | -5% | +3% | 36% | 10.3× | n/a | n/a |
| Southwest Securities 600369.SS | China | $3.90B | -8% | -13% | 27% | 20.6× | n/a | n/a |
| Changjiang Securities 000783.SZ | China | $5.77B | -13% | +13% | 37% | 8.1× | n/a | n/a |
| MarketAxess MKTX | United States | $5.83B | +12% | +3% | 39% | 19.5× | n/a | n/a |