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Large state-owned brokerage with one of China's biggest retail branch and client networks.
Large state-owned brokerage with one of China's biggest retail branch and client networks.
Earns commissions on client share trades, interest on margin loans to investors who borrow to trade, underwriting fees and gains on its own investments, so it rises and falls with market turnover. Central Huijin, a state investment vehicle, is its largest shareholder through the Galaxy financial holding company.
In one line: A state-backed Chinese mass-retail broker.
Moat: narrow (scale, distribution). One of the largest retail client bases and branch networks among Chinese brokers.
Headquarters: Beijing, China · Founded: 2007 · Employees: 14,259
Size China Galaxy Securities (6881.HK) is a Hong Kong Financials company (Investment Banks/Brokers) with a market value of $15.7B, the 111th largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$6.80 on 6 Nov 2026.
Performance Over six months the shares fell 20.1%, 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 grew 16.6% over the last twelve months (peer median +19.6%); the operating margin is 54.9% (peer median 45.0%).
Valuation It trades at 4.6× forward earnings against a peer median of 12.7× (cheapest of 21).
Next results Next results expected around 1 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | HK$46.6B | HK$41.3B | HK$36.7B | HK$33.0B | HK$33.1B |
| Revenue growth | — | +13% | +11% | 0% | — |
| Gross profit | HK$41.4B | HK$36.7B | HK$31.2B | HK$27.8B | HK$28.5B |
| EBITDA | HK$27.7B | HK$24.5B | HK$20.9B | HK$18.4B | HK$18.4B |
| Net income | HK$14.2B | HK$12.2B | HK$9.56B | HK$7.69B | HK$8.24B |
| Free cash flow | HK$167B | HK$44.7B | HK$4.37B | HK$24.7B | HK$34.6B |
| Capital expenditure | HK$1.03B | HK$915M | HK$836M | HK$768M | HK$1.35B |
| Total debt | n/a | HK$445B | HK$390B | HK$371B | HK$369B |
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 6881.HK | $15.7B | -20% | +17% | 55% | 4.6× | 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 |
| CITIC Securities 6030.HK | $56.2B | -23% | +102% | 22% | 7.1× | 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 | 6881.HK | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -5.0% | +1.1% | 9th lowest of 21 |
| 6-month return | -20.1% | -3.4% | 2nd lowest of 21 |
| Distance from 52-week high | -43.6% | -20.6% | 2nd lowest of 21 |
| Revenue growth (TTM) | +16.6% | +19.6% | 9th lowest of 21 |
| Operating margin | 54.9% | 45.0% | 9th highest of 21 |
| Forward P/E | 4.6× | 12.7× | cheapest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| 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 |
| Shenwan Hongyuan 000166.SZ | China | $15.5B | -8% | -26% | 31% | 10.9× | n/a | n/a |
| BSE BSE.NS | India | $16.4B | -4% | +58% | 65% | 47.0× | 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 |
| 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 |
| China International Capital 3908.HK | Hong Kong | $21.3B | -15% | -16% | 55% | 5.6× | n/a | n/a |
| Freedom FRHC | United States | $11.4B | +28% | +8% | 29% | 39.7× | n/a | n/a |
| Huatai Securities 6886.HK | Hong Kong | $22.5B | -12% | +123% | 30% | 5.8× | 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 |
| 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 |