Brokerage and asset-management arm of the state-owned China Everbright financial conglomerate.
Brokerage and asset-management arm of the state-owned China Everbright financial conglomerate.
Income comes from commissions on client trades, interest on margin loans, underwriting fees and fund-management fees, so results track stock turnover and issuance. China Everbright Group, a state-owned financial conglomerate, is the main shareholder; these are the Hong Kong-listed H shares.
In one line: A state-affiliated Chinese full-service broker-dealer.
Moat: narrow (brand, distribution). China Everbright Group backing and branch network, but limited product differentiation.
Headquarters: Shanghai, China · Founded: 1996 · Employees: 7,763
Size Everbright Securities (6178.HK) is a Hong Kong Financials company (Investment Banks/Brokers) with a market value of $8.59B, the 182nd largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$6.65 on 6 Nov 2026.
Performance Over six months the shares fell 20.4%, against -7.1% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — 5th lowest of 21 in its peer set.
Growth Revenue grew 14.5% over the last twelve months (peer median +6.6%); the operating margin is 42.0% (peer median 35.6%).
Valuation It trades at 6.0× forward earnings against a peer median of 15.0× (3rd cheapest of 21).
Next results Next results expected around 26 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | HK$19.5B | HK$17.3B | HK$15.1B | HK$15.1B | HK$17.0B |
| Revenue growth | — | +14% | 0% | -11% | — |
| Gross profit | HK$15.1B | HK$13.6B | HK$11.6B | HK$11.9B | HK$14.0B |
| EBITDA | HK$8.86B | HK$8.01B | HK$6.90B | HK$6.47B | HK$7.31B |
| Net income | HK$4.36B | HK$3.64B | HK$2.89B | HK$4.29B | HK$3.29B |
| Free cash flow | HK$2.38B | HK$5.24B | -HK$12.1B | HK$3.35B | HK$28.4B |
| Capital expenditure | HK$345M | HK$292M | HK$403M | HK$559M | HK$333M |
| Total debt | n/a | HK$151B | HK$152B | HK$134B | HK$124B |
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 |
|---|---|---|---|---|---|---|
| Everbright Securities 6178.HK | $8.59B | -20% | +15% | 42% | 6.0× | n/a |
| Shenwan Hongyuan 6806.HK | $15.4B | -26% | -22% | 31% | 4.5× | n/a |
| China Galaxy Securities 6881.HK | $15.7B | -20% | +17% | 55% | 4.6× | n/a |
| Orient Securities 3958.HK | $10.1B | -13% | +21% | 40% | 5.9× | n/a |
| Guotai Haitong Securities 2611.HK | $39.8B | -6% | +38% | 69% | 6.0× | 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 | 6178.HK | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -2.6% | +2.9% | 6th lowest of 21 |
| 6-month return | -20.4% | -7.1% | 5th lowest of 21 |
| Distance from 52-week high | -38.6% | -25.2% | 5th lowest of 21 |
| Revenue growth (TTM) | +14.5% | +6.6% | 8th highest of 21 |
| Operating margin | 42.0% | 35.6% | 8th highest of 21 |
| Forward P/E | 6.0× | 15.0× | 3rd cheapest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Everbright Securities 6178.HK | Hong Kong | $8.59B | -20% | +15% | 42% | 6.0× | n/a | n/a |
| Founder Securities 601901.SS | China | $8.52B | -4% | -21% | 47% | 11.7× | n/a | n/a |
| Nordnet SAVE.ST | Sweden | $8.70B | +13% | +11% | 58% | 23.7× | n/a | n/a |
| Virtu Financial VIRT | United States | $8.37B | +5% | +28% | 38% | 7.8× | n/a | n/a |
| ASX ASX.AX | Australia | $9.02B | +15% | +3% | 65% | 24.2× | n/a | n/a |
| XP Inc. Class A XP | United States | $7.83B | -21% | +17% | 32% | 6.7× | n/a | n/a |
| Multi Commodity Exchange of India MCX.NS | India | $9.51B | +16% | +122% | 79% | 50.8× | n/a | n/a |
| Mirae Asset Sec 006800.KS | South Korea | $7.57B | -66% | +5% | 114% | 4.0× | n/a | n/a |
| Orient Securities 600958.SS | China | $10.00B | -10% | -5% | 28% | 11.1× | n/a | n/a |
| Investec INVP.L | United Kingdom | $7.34B | +3% | -4% | 37% | 7.1× | n/a | n/a |
| Houlihan Lokey HLI | United States | $10.1B | -5% | 0% | 20% | 18.0× | n/a | n/a |
| Jefferies Financial JEF | United States | $10.9B | -11% | +26% | 41% | 11.3× | n/a | n/a |
| Guolian Minsheng Securities 601456.SS | China | $6.75B | -13% | +9% | 25% | 20.1× | n/a | n/a |
| Evercore EVR | United States | $10.9B | -17% | +37% | 22% | 14.2× | 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 |
| Freedom FRHC | United States | $11.4B | +28% | +8% | 29% | 39.7× | 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 |
| TMX X.TO | Canada | $12.1B | +10% | +4% | 28% | 22.8× | n/a | n/a |