During the first half of 2026, China's capital market sustained a stable and positive trajectory, underpinned by resilient macroeconomic conditions and a high-quality development agenda, alongside a noticeable uptick in market trading activity. This favorable environment significantly bolstered the performance of non-bank financial companies listed on the Shenzhen stock exchange. According to available data, among the 18 firms that have released their half-year reports, 16 achieved earnings growth, with more than a third of these companies recording net profit growth rates surpassing 50%, highlighting robust growth momentum.
An analysis of the disclosed figures reveals that several leading and specialized brokerages have delivered impressive results. For instance, Northeast Securities reported a net profit attributable to shareholders of 764 million yuan for the first half of the year, marking a substantial year-on-year increase of 77.49%. The company noted in its announcement that its "Wealth Strategy" and "Base Strategy" have achieved notable success during the reporting period, with core business lines—including wealth management, investment banking, investment and trading, and asset management—all posting higher revenues year-on-year, signaling a harvest period for its business transformation and upgrade.
Leveraging its integrated "research, investment, and investment banking" model, Changjiang Securities secured a net profit attributable to shareholders of 3.192 billion yuan, a year-on-year surge of 83.80%. The firm stated that its research operations have not only solidified its public fund client base but also expanded into government and corporate clients, as well as non-public sectors like insurance and private equity, with a clearly emerging second growth curve. Additionally, its forward-looking investments in future-oriented industries within the primary market have yielded significant results, with multiple indicators hitting new highs.
Seizing market opportunities, Huaxi Securities achieved a net profit attributable to shareholders of 972 million yuan in the first half, up 89.71% year-on-year. The company attributed the robust growth in its wealth management and investment operations as the primary drivers behind the steady improvement in its overall business performance.
Meanwhile, GF Securities continued to demonstrate its competitive edge as a top-tier brokerage, projecting its first-half net profit to fall between 11 billion yuan and 12 billion yuan, representing a year-on-year increase of 70% to 85%. In the diversified financial sector, Yuexiu Capital also recorded a significant earnings leap, anticipating a net profit attributable to shareholders of 2.727 billion yuan to 3.039 billion yuan for the first half, up 75% to 95% from the previous year. The company highlighted that the growth is primarily driven by increased returns from investment-related operations, buoyed by the improving capital market, as well as the continued realization of benefits from the business transformation of its subsidiary, Guangzhou Asset Management Co., Ltd.
Overall, the robust growth across the non-bank financial sector in the first half of 2026 can be attributed not only to the recovering market environment but also to the companies' proactive strategic shifts, enhanced business synergies, and efforts to optimize revenue structures. Looking ahead to the second half of the year, numerous institutions express optimism that, with the deepening of capital market reforms, policy benefits emerging under the new requirements of the 15th Five-Year Plan, and the continuous reinforcement of professional capabilities and resilience against economic cycles, full-year operating results are poised for steady positive growth. This, in turn, is expected to provide stronger financial support for serving the real economy and facilitating household wealth management.