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Jiangsu (Nanjing) state-owned full-service securities brokerage offering brokerage, investment banking and asset management.
Jiangsu (Nanjing) state-owned full-service securities brokerage offering brokerage, investment banking and asset management.
Earns commissions on client trades, interest on margin lending and fees from underwriting and asset management, plus gains on its own investments, so results swing with stock-market turnover. Its base is Jiangsu province, with the city of Nanjing's state sector as its backer, and it competes against much larger national brokers.
Moat: narrow (regulatory licence, distribution). Regulated brokerage licence, but a largely commoditized business among ~140 similar brokers.
Headquarters: Nanjing, Jiangsu, China · Employees: 2,325
Size Nanjing Securities (601990.SS) is a China Financials company (Investment Banks/Brokers) with a market value of $4.30B, the 596th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥6.51 on 6 Nov 2026.
Performance Over six months the shares fell 11.4%, against -13.0% for the median peer and -16.4% for the China market (cap-weighted) — 10th highest of 21 in its peer set.
Growth Revenue fell 9.0% over the last twelve months (peer median +9.2%); the operating margin is 37.2% (peer median 29.4%).
Valuation It trades at 24.1× forward earnings against a peer median of 11.8× (4th most expensive of 18).
Next results Next results expected around 26 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥3.72B | CN¥3.82B | CN¥3.93B | CN¥3.20B | CN¥2.78B |
| Revenue growth | — | -3% | +23% | +15% | — |
| Gross profit | CN¥2.94B | CN¥3.45B | CN¥3.62B | CN¥2.93B | CN¥2.51B |
| EBITDA | n/a | CN¥2.27B | CN¥2.04B | CN¥1.70B | CN¥1.58B |
| Net income | CN¥1.16B | CN¥1.08B | CN¥1.00B | CN¥677M | CN¥646M |
| Free cash flow | CN¥5.32B | CN¥4.10B | CN¥7.19B | CN¥3.09B | CN¥1.63B |
| Capital expenditure | CN¥87.3M | CN¥89.2M | CN¥129M | CN¥113M | CN¥73.9M |
| Total debt | CN¥38.1B | CN¥46.1B | CN¥33.3B | CN¥27.9B | CN¥22.4B |
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 |
|---|---|---|---|---|---|---|
| Nanjing Securities 601990.SS | $4.30B | -11% | -9% | 37% | 24.1× | 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 |
| 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 |
| Guolian Minsheng Securities 601456.SS | $6.75B | -13% | +9% | 25% | 20.1× | n/a |
| Huaan Securities 600909.SS | $5.17B | +23% | -18% | 121% | 6.2× | n/a |
| China Industrial Securities 601377.SS | $7.12B | -9% | -11% | 29% | 13.2× | n/a |
| Everbright Securities 601788.SS | $8.70B | -9% | -4% | 36% | 14.6× | 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 | 601990.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -0.3% | -3.0% | 8th highest of 21 |
| 6-month return | -11.4% | -13.0% | 10th highest of 21 |
| Distance from 52-week high | -25.4% | -30.0% | 5th highest of 21 |
| Revenue growth (TTM) | -9.0% | +9.2% | 6th lowest of 21 |
| Operating margin | 37.2% | 29.4% | 7th highest of 21 |
| Forward P/E | 24.1× | 11.8× | 4th most expensive of 18 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Nanjing Securities 601990.SS | China | $4.30B | -11% | -9% | 37% | 24.1× | n/a | n/a |
| IG Group Holdings plc IGG.L | United Kingdom | $4.23B | -38% | +16% | 40% | 8.7× | n/a | n/a |
| BOC International (China) 601696.SS | China | $4.37B | -16% | +6% | 35% | 24.7× | n/a | n/a |
| Guoyuan Securities 000728.SZ | China | $4.53B | -6% | -23% | 34% | 10.3× | n/a | n/a |
| China Great Wall Securities 002939.SZ | China | $4.53B | -16% | -5% | 35% | n/a | n/a | n/a |
| Sinolink Securities 600109.SS | China | $4.60B | -7% | +10% | 30% | 11.8× | n/a | n/a |
| Moelis & MC | United States | $4.62B | -13% | +14% | 18% | 16.9× | n/a | n/a |
| XTB Spolka Akcyjna XTB.WA | Poland | $3.98B | +22% | +63% | 48% | 9.6× | n/a | n/a |
| Piper Sandler Companies PIPR | United States | $4.65B | -19% | +20% | 21% | 14.6× | n/a | n/a |
| Hongta Securities 601236.SS | China | $4.72B | -11% | -4% | 39% | 26.8× | n/a | n/a |
| Southwest Securities 600369.SS | China | $3.90B | -8% | -13% | 27% | 20.6× | n/a | n/a |
| Western Securities 002673.SZ | China | $3.83B | -14% | -2% | 29% | n/a | n/a | n/a |
| PJT Partners PJT | United States | $3.80B | -4% | +10% | 21% | 18.0× | 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 |
| Lazard LAZ | United States | $3.74B | -20% | +9% | 11% | 16.7× | 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 |
| Guangzhou Yuexiu Capital 000987.SZ | China | $5.20B | -23% | -44% | 11% | 7.6× | n/a | n/a |
| J-Yuan Trust 600816.SS | China | $3.50B | -18% | +139% | 13% | n/a | n/a | n/a |