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Major Chinese state-owned brokerage offering retail brokerage, wealth management, trading and investment banking.
Major Chinese state-owned brokerage offering retail brokerage, wealth management, trading and investment banking.
Earns commissions on customer trades through its branches, interest on margin loans (money lent to investors to buy shares) and fees on funds and wealth products, so income rises and falls with trading activity. Central Huijin, the state investor, is the largest shareholder.
In one line: China's Charles Schwab / Merrill Lynch hybrid.
Moat: narrow (scale, distribution, regulatory licence). One of China's largest retail brokerage branch/client networks, backed by state ownership (Central Huijin).
Headquarters: Beijing, China · Founded: 2007 · Employees: 14,259
Size China Galaxy Securities (601881.SS) is a China Financials company (Investment Banks/Brokers) with a market value of $16.1B, the 143rd largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥11.81 on 6 Nov 2026.
Performance Over six months the shares fell 7.6%, against -3.4% for the median peer and -16.4% for the China market (cap-weighted) — 9th lowest of 21 in its peer set.
Growth Revenue fell 19.9% over the last twelve months (peer median +23.7%); the operating margin is 37.2% (peer median 40.7%).
Valuation It trades at 9.5× forward earnings against a peer median of 12.7× (7th cheapest of 21).
Next results Next results expected around 1 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥36.8B | CN¥38.2B | CN¥36.3B | CN¥41.0B | CN¥42.0B |
| Revenue growth | — | +5% | -12% | -2% | — |
| Gross profit | CN¥27.1B | CN¥34.1B | CN¥31.6B | CN¥36.6B | CN¥38.2B |
| EBITDA | n/a | CN¥23.0B | CN¥19.7B | CN¥17.3B | CN¥15.9B |
| Net income | CN¥12.0B | CN¥11.3B | CN¥8.82B | CN¥6.96B | CN¥7.08B |
| Free cash flow | CN¥45.3B | CN¥29.9B | CN¥39.3B | -CN¥38.7B | CN¥35.4B |
| Capital expenditure | CN¥1.08B | CN¥844M | CN¥771M | CN¥695M | CN¥1.16B |
| Total debt | CN¥443B | CN¥399B | CN¥367B | CN¥335B | CN¥329B |
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 |
|---|---|---|---|---|---|---|
| China Galaxy Securities 601881.SS | $16.1B | -8% | -20% | 37% | 9.5× | n/a |
| CITIC Securities 600030.SS | $56.4B | -6% | -16% | 54% | 10.2× | n/a |
| China International Capital 601995.SS | $21.6B | -18% | -20% | 55% | 10.0× | n/a |
| Guotai Haitong Securities 601211.SS | $40.4B | +2% | +3% | 44% | 8.9× | n/a |
| Charles Schwab SCHW | $158B | +3% | +12% | 52% | 12.2× | 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 | 601881.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +3.6% | +0.1% | 9th highest of 21 |
| 6-month return | -7.6% | -3.4% | 9th lowest of 21 |
| Distance from 52-week high | -35.2% | -20.6% | 2nd lowest of 21 |
| Revenue growth (TTM) | -19.9% | +23.7% | 2nd lowest of 21 |
| Operating margin | 37.2% | 40.7% | 10th lowest of 21 |
| Forward P/E | 9.5× | 12.7× | 7th cheapest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| China Galaxy Securities 601881.SS | China | $16.1B | -8% | -20% | 37% | 9.5× | n/a | n/a |
| BSE BSE.NS | India | $16.4B | -4% | +58% | 65% | 47.0× | n/a | n/a |
| Meritz Financial 138040.KS | South Korea | $15.7B | +18% | +31% | 49% | 8.6× | n/a | n/a |
| Shenwan Hongyuan 000166.SZ | China | $15.5B | -8% | -26% | 31% | 10.9× | n/a | n/a |
| Singapore Exchange S68.SI | Singapore | $17.2B | -2% | +14% | 57% | 27.0× | n/a | n/a |
| Daiwa Securities 8601.T | Japan | $14.0B | +11% | +18% | 17% | 10.8× | n/a | n/a |
| Euronext ENX.PA | France | $18.8B | +21% | +14% | 52% | 19.7× | n/a | n/a |
| Futu Holdings Ltd. Sponsored ADR FUTU | United States | $13.7B | -32% | +44% | 69% | 6.8× | n/a | n/a |
| Japan Exchange 8697.T | Japan | $13.4B | +11% | +40% | 61% | 19.7× | n/a | n/a |
| GF Securities 1776.HK | Hong Kong | $20.5B | -8% | +18% | 75% | 5.6× | n/a | n/a |
| China International Capital 3908.HK | Hong Kong | $21.3B | -15% | -16% | 55% | 5.6× | n/a | n/a |
| TMX X.TO | Canada | $12.1B | +10% | +4% | 28% | 22.8× | n/a | n/a |
| Huatai Securities 6886.HK | Hong Kong | $22.5B | -12% | +123% | 30% | 5.8× | n/a | n/a |
| Freedom FRHC | United States | $11.4B | +28% | +8% | 29% | 39.7× | n/a | n/a |
| LPL Financial LPLA | United States | $23.0B | -3% | +31% | 13% | 10.5× | n/a | n/a |
| Evercore EVR | United States | $10.9B | -17% | +37% | 22% | 14.2× | n/a | n/a |
| Jefferies Financial JEF | United States | $10.9B | -11% | +26% | 41% | 11.3× | n/a | n/a |
| Houlihan Lokey HLI | United States | $10.1B | -5% | 0% | 20% | 18.0× | n/a | n/a |
| Orient Securities 3958.HK | Hong Kong | $10.1B | -13% | +21% | 40% | 5.9× | n/a | n/a |
| Multi Commodity Exchange of India MCX.NS | India | $9.51B | +16% | +122% | 79% | 50.8× | n/a | n/a |
| Yuanta Financial Holding Co. Lt 2885.TW | Taiwan | $28.1B | +28% | +78% | 28% | 14.2× | n/a | n/a |