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← CockpitCompetitor Analysis › 6066.HK CSC Financial Co., Ltd. Class HOpen in the cockpit ↗

CSC Financial Co., Ltd. Class H6066.HKCompetitor analysis, valuation and peers

Hong Kong · HKD·Financials›Investment Managers

Beijing-based brokerage with a strong investment-banking and bond-underwriting franchise, linked to the CITIC group.

≈ A CITIC-affiliated Chinese broker strong in debt/equity underwritingMomentum neutral 45
Mkt cap
$23.5B
US dollars, full cap
Free float
63%
of shares outstanding
$/day
$8.60M
20-day average traded
Fwd P/E
5.5×
forward earnings
ROIC−WACC
n/a
WACC 6.0%
Hurdle
n/a
no reverse DCF
Next earnings
146 days
1 Apr 2027
Close · HKDHK$10.25
1D-1.7%
1W-0.4%
1M-9.0%
3M-12.8%
6M-14.5%
YTD-20.2%
1Y-26.1%
ATR %3.6%
52w lowhigh27.8% off high

What CSC Financial does

Beijing-based brokerage with a strong investment-banking and bond-underwriting franchise, linked to the CITIC group.

Is paid commissions on trades, underwriting fees on share and bond issues, and interest on margin loans to clients, so earnings depend heavily on Chinese stock turnover and issuance volumes. These are the Hong Kong-listed H shares of the same brokerage as the Shanghai line.

In one line: A CITIC-affiliated Chinese broker strong in debt/equity underwriting.

Products and services

  • Investment banking (equity/bond underwriting)
  • Brokerage
  • Asset management

Customers

  • Corporate/government bond and equity issuers
  • Institutional and retail investors

Where it sits in the supply chain

  • Financials
  • Capital markets
  • Investment banking, brokerage & bond…

What could go right

  • China bond-issuance volume growth
  • IPO/M&A deal-flow recovery

What could go wrong

  • Underwriting fee-rate competition
  • Capital-markets cyclicality

Moat: narrow (brand, scale). CITIC-group affiliation and a leading domestic bond-underwriting franchise.

Headquarters: Beijing, China · Founded: 2005 · Employees: 12,618

Named competitors

CSC Financial at a glance

Size CSC Financial (6066.HK) is a Hong Kong Financials company (Investment Managers) with a market value of $23.5B, the 74th largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$10.25 on 6 Nov 2026.

Performance Over six months the shares fell 14.5%, against +5.0% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — 4th lowest of 21 in its peer set.

Growth Revenue grew 2.9% over the last twelve months (peer median +9.4%); the operating margin is 49.2% (peer median 30.5%).

Valuation It trades at 5.5× forward earnings against a peer median of 11.7× (2nd cheapest of 21).

Next results Next results expected around 1 Apr 2027 (exchange calendar; dates can move).

Relative performance

9010011011 May 202611 Aug 20266 Nov 2026Peer median 1066066.HK 87
Six months, rebased to 100: CSC Financial against the median of its 20 peers (local-currency closes).

CSC Financial financials

Reported figures in HKD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
RevenueHK$37.8BHK$48.5BHK$37.1BHK$34.9BHK$35.5B
Revenue growth—+31%+6%-2%—
Gross profitHK$28.4BHK$42.4BHK$31.4BHK$29.3BHK$30.6B
EBITDAn/aHK$21.7BHK$17.9BHK$17.6BHK$19.0B
Net incomeHK$15.0BHK$9.15BHK$6.68BHK$6.69BHK$7.75B
Free cash flow-HK$36.0B-HK$14.1B-HK$519MHK$3.64BHK$33.6B
Capital expenditureHK$54.6BHK$574MHK$584MHK$1.19BHK$636M
Total debtHK$472BHK$406BHK$336BHK$334BHK$321B

Quarterly statements and history in the cockpit →

CSC Financial 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

-20%-10%0%+10%-10%0%+10%PFGTROWAMUNPGHN8604PS6099ARESTPGRJFNTRSBENCVCOWLICICIAMCDWSCGEQT00273626116066.HK6-month return →1-month return →
Up and to the right = strong over both horizons. CSC Financial is the large dot.

Fundamentals: revenue growth against valuation

-20%0%+20%+40%+60%10×20×30×40×PFGTROWPGHN8604PS6099ARESTPGNTRSCVCICICIAMCDWSCGEQT00273626116066.HKRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. CSC Financial is the large dot.

CSC Financial competitors and peer comparison

Head to head with its named competitors (6066.HK vs 3908.HK vs 6030.HK vs 2611.HK)
CompanyMarket cap6M returnRevenue growthOp. marginForward P/EReq g
CSC Financial 6066.HK$23.5B-15%+3%49%5.5×n/a
China International Capital 3908.HK$21.3B-15%-16%55%5.6×n/a
CITIC Securities 6030.HK$56.2B-23%+102%22%7.1×n/a
Guotai Haitong Securities 2611.HK$39.8B-6%+38%69%6.0×n/a
China Merchants Securities 6099.HK$20.2B-10%+98%34%4.5×n/a

How CSC Financial 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.

CSC Financial against its 20 peers (data as of 6 Nov 2026)
Measure6066.HKPeer medianRank in peer set
1-month return-9.0%+2.7%2nd lowest of 21
6-month return-14.5%+5.0%4th lowest of 21
Distance from 52-week high-27.8%-17.7%8th lowest of 21
Revenue growth (TTM)+2.9%+9.4%5th lowest of 21
Operating margin49.2%30.5%6th highest of 21
Forward P/E5.5×11.7×2nd cheapest of 21

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
CSC Financial 6066.HKHong Kong$23.5B-15%+3%49%5.5×n/an/a
Principal Financial PFGUnited States$23.6B+10%+5%15%11.3×n/an/a
T. Rowe Price TROWUnited States$23.1B+4%+7%36%10.8×n/an/a
Amundi AMUN.PAFrance$21.7B+9%+1%23%11.9×n/an/a
Partners PGHN.SWSwitzerland$21.3B-24%+9%56%16.7×n/an/a
Nomura 8604.TJapan$26.5B+15%+12%12%9.0×n/an/a
Pershing Square PSUnited States$20.6B+24%+67%37%84.9×n/an/a
China Merchants Securities 6099.HKHong Kong$20.2B-10%+98%34%4.5×n/an/a
Ares Management ARESUnited States$30.0B+7%+7%27%20.5×n/an/a
TPG TPGUnited States$17.9B+4%+21%17%13.8×n/an/a
Raymond James Financial RJFUnited States$31.3B+6%+10%21%11.4×n/an/a
Northern Trust NTRSUnited States$31.3B+8%+7%24%13.7×n/an/a
Franklin Resources BENUnited States$17.1B+10%+8%15%10.6×n/an/a
CVC Capital Partners CVC.ASNetherlands$16.9B+10%+14%57%18.1×n/an/a
Blue Owl Capital OWLUnited States$15.4B-7%+11%17%10.4×n/an/a
ICICI Prudential Asset Management ICICIAMC.NSIndia$15.4B-11%+22%73%39.2×n/an/a
DWS Group GmbH & Co. KGaA DWS.DEGermany$14.7B+7%+24%37%12.6×n/an/a
Carlyle CGUnited States$14.1B-22%-44%14%10.2×n/an/a
Eqt EQT.STSweden$39.2B+1%-18%59%22.6×n/an/a
Guosen Securities 002736.SZChina$13.9B-16%-10%34%7.9×n/an/a
Guotai Haitong Securities 2611.HKHong Kong$39.8B-6%+38%69%6.0×n/an/a

Questions

Who are CSC Financial's main competitors?
Named competitors: CICC (3908.HK), CITIC Securities (6030.HK), Guotai Haitong (2611.HK), China Merchants Securities (6099.HK). The cockpit's measured peer set (industry) also includes Principal Financial (PFG), T. Rowe Price (TROW), Amundi (AMUN.PA), Partners (PGHN.SW), Nomura (8604.T), Pershing Square (PS).
Is CSC Financial expensive compared with its peers?
On forward p/e it trades at 5.5× against a peer median of 11.7×, 2nd cheapest of 21 in its peer set.
How has CSC Financial stock performed?
Over six months to 6 Nov 2026 the shares returned -14.5% against +5.0% for the median peer; over one year -26.1%.

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.