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One of China's oldest brokerages, known for equity research and full-service brokerage and investment banking.
One of China's oldest brokerages, known for equity research and full-service brokerage and investment banking.
Income is brokerage commissions on client trading, interest on lending to investors who trade on margin, and underwriting and advisory fees from companies raising capital, so it tracks trading volume and listing activity. It was formed in 2015 by merging Shenyin Wanguo and Hongyuan Securities.
In one line: A legacy full-service Chinese broker-dealer with strong research.
Moat: narrow (brand, scale). Long-standing research franchise and brand from its Shenyin Wanguo/Hongyuan heritage.
Headquarters: Shanghai, China · Founded: 1996 · Employees: 11,423
Size Shenwan Hongyuan (6806.HK) is a Hong Kong Financials company (Investment Banks/Brokers) with a market value of $15.4B, the 114th largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$2.15 on 6 Nov 2026.
Performance Over six months the shares fell 25.8%, against -3.4% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — 2nd lowest of 21 in its peer set.
Growth Revenue fell 21.6% over the last twelve months (peer median +19.6%); the operating margin is 31.2% (peer median 50.4%).
Valuation It trades at 4.5× forward earnings against a peer median of 12.7× (cheapest of 21).
Next results Next results expected around 26 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | HK$34.4B | HK$41.8B | HK$33.3B | HK$28.8B | HK$27.4B |
| Revenue growth | — | +26% | +16% | +5% | — |
| Gross profit | HK$24.9B | HK$37.2B | HK$29.3B | HK$25.4B | HK$25.4B |
| EBITDA | n/a | HK$22.4B | HK$17.1B | HK$16.6B | HK$3.63B |
| Net income | HK$9.82B | HK$10.3B | HK$5.65B | HK$5.09B | HK$3.24B |
| Free cash flow | HK$7.64B | HK$1.87B | HK$58.2B | HK$32.7B | HK$61.4B |
| Capital expenditure | HK$639M | HK$453M | HK$587M | HK$647M | HK$542M |
| Total debt | HK$459B | HK$416B | HK$376B | HK$366B | HK$374B |
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 |
|---|---|---|---|---|---|---|
| Shenwan Hongyuan 6806.HK | $15.4B | -26% | -22% | 31% | 4.5× | n/a |
| Orient Securities 3958.HK | $10.1B | -13% | +21% | 40% | 5.9× | n/a |
| Everbright Securities 6178.HK | $8.59B | -20% | +15% | 42% | 6.0× | n/a |
| Guotai Haitong Securities 2611.HK | $39.8B | -6% | +38% | 69% | 6.0× | n/a |
| Huatai Securities 6886.HK | $22.5B | -12% | +123% | 30% | 5.8× | 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 | 6806.HK | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -8.9% | +0.3% | 5th lowest of 21 |
| 6-month return | -25.8% | -3.4% | 2nd lowest of 21 |
| Distance from 52-week high | -39.1% | -20.6% | 3rd lowest of 21 |
| Revenue growth (TTM) | -21.6% | +19.6% | lowest of 21 |
| Operating margin | 31.2% | 50.4% | 8th lowest of 21 |
| Forward P/E | 4.5× | 12.7× | cheapest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Shenwan Hongyuan 6806.HK | Hong Kong | $15.4B | -26% | -22% | 31% | 4.5× | n/a | n/a |
| China Galaxy Securities 6881.HK | Hong Kong | $15.7B | -20% | +17% | 55% | 4.6× | n/a | n/a |
| Meritz Financial 138040.KS | South Korea | $15.7B | +18% | +31% | 49% | 8.6× | n/a | n/a |
| BSE BSE.NS | India | $16.4B | -4% | +58% | 65% | 47.0× | n/a | n/a |
| Daiwa Securities 8601.T | Japan | $14.0B | +11% | +18% | 17% | 10.8× | n/a | n/a |
| Singapore Exchange S68.SI | Singapore | $17.2B | -2% | +14% | 57% | 27.0× | 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 |
| Euronext ENX.PA | France | $18.8B | +21% | +14% | 52% | 19.7× | n/a | n/a |
| TMX X.TO | Canada | $12.1B | +10% | +4% | 28% | 22.8× | n/a | n/a |
| GF Securities 1776.HK | Hong Kong | $20.5B | -8% | +18% | 75% | 5.6× | n/a | n/a |
| Freedom FRHC | United States | $11.4B | +28% | +8% | 29% | 39.7× | n/a | n/a |
| China International Capital 3908.HK | Hong Kong | $21.3B | -15% | -16% | 55% | 5.6× | 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 |
| Huatai Securities 6886.HK | Hong Kong | $22.5B | -12% | +123% | 30% | 5.8× | n/a | n/a |
| LPL Financial LPLA | United States | $23.0B | -3% | +31% | 13% | 10.5× | 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 |
| ASX ASX.AX | Australia | $9.02B | +15% | +3% | 65% | 24.2× | n/a | n/a |