Loading…
Merged Chinese brokerage (Guolian Securities plus Minsheng Securities) offering brokerage, investment banking and asset management.
Merged Chinese brokerage (Guolian Securities plus Minsheng Securities) offering brokerage, investment banking and asset management.
Earns commissions on customers' share trades, fees for underwriting shares and bonds, fees on managed assets, and interest on lending to clients who buy shares on margin, so activity in China's stock market is the main driver. The same company also has H shares listed in Hong Kong.
Moat: none (brand). Newly merged mid-tier brokerage still integrating two prior franchises.
Headquarters: Wuxi, Jiangsu, China · Founded: 2025 · Employees: 5,505
Size Guolian Minsheng Securities (601456.SS) is a China Financials company (Investment Banks/Brokers) with a market value of $6.75B, the 362nd largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥8.35 on 6 Nov 2026.
Performance Over six months the shares fell 13.3%, against -10.9% for the median peer and -16.4% for the China market (cap-weighted) — 8th lowest of 21 in its peer set.
Growth Revenue grew 8.7% over the last twelve months (peer median +4.4%); the operating margin is 24.8% (peer median 37.1%).
Valuation It trades at 20.1× forward earnings against a peer median of 11.7× (3rd most expensive of 20).
Next results Next results expected around 31 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥10.9B | CN¥10.6B | CN¥5.03B | CN¥3.42B | CN¥3.69B |
| Revenue growth | — | +110% | +47% | -7% | — |
| Gross profit | CN¥9.04B | CN¥8.79B | CN¥4.40B | CN¥2.84B | CN¥3.17B |
| EBITDA | n/a | CN¥4.26B | CN¥1.86B | CN¥2.17B | CN¥2.14B |
| Net income | CN¥2.35B | CN¥2.01B | CN¥397M | CN¥671M | CN¥767M |
| Free cash flow | CN¥26.5B | CN¥3.67B | CN¥13.5B | CN¥5.74B | CN¥6.44B |
| Capital expenditure | CN¥361M | CN¥301M | CN¥144M | CN¥199M | CN¥112M |
| Total debt | CN¥107B | CN¥88.0B | CN¥52.4B | CN¥45.3B | CN¥36.2B |
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 |
|---|---|---|---|---|---|---|
| Guolian Minsheng Securities 601456.SS | $6.75B | -13% | +9% | 25% | 20.1× | 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 |
| Soochow Securities 601555.SS | $5.64B | -5% | +3% | 36% | 10.3× | n/a |
| Everbright Securities 601788.SS | $8.70B | -9% | -4% | 36% | 14.6× | n/a |
| Orient Securities 600958.SS | $10.00B | -10% | -5% | 28% | 11.1× | n/a |
| Guosen Securities 002736.SZ | $13.9B | -16% | -10% | 34% | 7.9× | 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 | 601456.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -0.4% | -2.6% | 8th highest of 21 |
| 6-month return | -13.3% | -10.9% | 8th lowest of 21 |
| Distance from 52-week high | -27.1% | -25.2% | 10th lowest of 21 |
| Revenue growth (TTM) | +8.7% | +4.4% | 10th highest of 21 |
| Operating margin | 24.8% | 37.1% | 5th lowest of 21 |
| Forward P/E | 20.1× | 11.7× | 3rd most expensive of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Guolian Minsheng Securities 601456.SS | China | $6.75B | -13% | +9% | 25% | 20.1× | n/a | n/a |
| Allfunds ALLFG.AS | Netherlands | $6.69B | +18% | +1% | 43% | 20.5× | n/a | n/a |
| StoneX SNEX | United States | $6.55B | -33% | +21% | 2% | 13.0× | n/a | n/a |
| NHIS 005940.KS | South Korea | $6.46B | -32% | +156% | 34% | 5.2× | n/a | n/a |
| Swissquote SQN.SW | Switzerland | $6.33B | -13% | +4% | 44% | 15.9× | n/a | n/a |
| Zhongtai Securities 600918.SS | China | $6.31B | -12% | -4% | 21% | 17.1× | n/a | n/a |
| Investec INVP.L | United Kingdom | $7.34B | +3% | -4% | 37% | 7.1× | n/a | n/a |
| Zheshang Securities 601878.SS | China | $6.03B | -10% | -4% | 32% | 13.0× | n/a | n/a |
| Mirae Asset Sec 006800.KS | South Korea | $7.57B | -66% | +5% | 114% | 4.0× | n/a | n/a |
| SDIC Capital 600061.SS | China | $5.96B | -7% | -28% | 33% | 12.0× | n/a | n/a |
| Avanza Bank AZA.ST | Sweden | $5.95B | +13% | +13% | 54% | 19.1× | n/a | n/a |
| MarketAxess MKTX | United States | $5.83B | +12% | +3% | 39% | 19.5× | n/a | n/a |
| XP Inc. Class A XP | United States | $7.83B | -21% | +17% | 32% | 6.7× | n/a | n/a |
| Changjiang Securities 000783.SZ | China | $5.77B | -13% | +13% | 37% | 8.1× | n/a | n/a |
| Soochow Securities 601555.SS | China | $5.64B | -5% | +3% | 36% | 10.3× | n/a | n/a |
| Virtu Financial VIRT | United States | $8.37B | +5% | +28% | 38% | 7.8× | n/a | n/a |
| Founder Securities 601901.SS | China | $8.52B | -4% | -21% | 47% | 11.7× | n/a | n/a |
| Galaxy Digital GLXY | United States | $5.31B | -55% | +430% | 1% | n/a | n/a | n/a |
| Everbright Securities 6178.HK | Hong Kong | $8.59B | -20% | +15% | 42% | 6.0× | n/a | n/a |
| Nordnet SAVE.ST | Sweden | $8.70B | +13% | +11% | 58% | 23.7× | n/a | n/a |
| Guangzhou Yuexiu Capital 000987.SZ | China | $5.20B | -23% | -44% | 11% | 7.6× | n/a | n/a |