Changjiang Securities Co Ltd

Changjiang Securities released its first-half 2026 report. Total operating revenue reached 7.426 billion yuan, up 58.60% year on year, and net profit attributable to the parent company was 3.192 billion yuan, up 83.80% year on year, marking a second consecutive year of growth for both. Net cash inflow from operating activities was 28.51 billion yuan, up 218.62% year on year. The company's asset-liability ratio was 81.53%, and return on equity was 7.44%, an increase of 3.14 percentage points from the same period last year. Diluted earnings per share were 0.56 yuan, up 86.67% year on year. The number of shareholders was 181,800, and the top ten shareholders held 54.16% of total share capital.

Changjiang Securities released its 2026 semi-annual report, achieving total operating revenue of 7.426 billion yuan, up 58.6% year-on-year; net profit attributable to shareholders of the listed company was 3.192 billion yuan, up 83.8% year-on-year. The company plans to distribute a cash dividend of 0.05 yuan per 10 shares, tax included. Second-quarter net profit was 1.706 billion yuan, first-quarter net profit was 1.486 billion yuan, with second-quarter net profit up 14% quarter-on-quarter.

On the evening of August 25, multiple listed companies on the Shanghai and Shenzhen exchanges issued announcements disclosing half-year reports and major matters. Wanhua Chemical's subsidiary, Hungary's BorsodChem, resumed production at its facilities; CICC received approval to issue corporate bonds of up to 80 billion yuan; Advanced Micro-Fabrication Equipment's advanced thin-film equipment cumulative shipments exceeded 500 reaction chambers. In terms of performance, NAURA Technology Group posted first-half net profit of 3.37 billion yuan, up 5.05 percent year on year; Wus Printed Circuit posted net profit of 2.923 billion yuan, up 73.72 percent; CGN Power posted net profit of 6.105 billion yuan, up 2.66 percent; OKE Precision Cutting Tools posted net profit of 371 million yuan, up 47,734.24 percent; Hangzhou Cable posted net profit of 393 million yuan, up 938.67 percent; Joyson Electronics posted net profit of 739 million yuan, up 4.43 percent; Yunda Holding posted net profit of 998 million yuan, up 88.82 percent; Yahua Group posted net profit of 1.216 billion yuan, up 795.48 percent; Changjiang Securities posted net profit of 3.192 billion yuan, up 83.8 percent; Suzhou Good-Ark Electronics posted net profit of 77.2942 million yuan, up 76.87 percent; Yunnan Chihong Zinc & Germanium posted net profit of 1.59 billion yuan, up 70.58 percent; Jiangxi Copper posted net profit of 8.632 billion yuan, up 106.77 percent; Shanghai Yashi posted net profit of 114 million yuan, up 460.72 percent; Beijing Easpring Material Technology posted net profit of 520 million yuan, up 67.25 percent; 37 Interactive Entertainment posted net profit of 1.766 billion yuan, up 26.14 percent; Dongfang Tower posted net profit of 976 million yuan, up 97.84 percent; Jingxing Paper posted net profit of 139 million yuan, up 152.95 percent; Huaqin Technology posted net profit of 3 billion yuan, up 58.8 percent; Lianyun Technology posted net profit of 520 million yuan, up 825.54 percent; Guosen Securities posted net profit of 5.732 billion yuan, up 6.79 percent; CSSC Offshore & Marine Engineering posted net profit of 837 million yuan, up 58.94 percent; Luwei Optoelectronics posted net profit of 145 million yuan, up 35.82 percent; Lu'an Environmental Energy posted net profit of 1.778 billion yuan, up 31.85 percent; JPT Opto-electronics posted net profit of 195 million yuan, up 105.25 percent; Tongkun Group posted net profit of 4.222 billion yuan, up 285.03 percent; China Merchants Securities posted net profit of 10.624 billion yuan, up 104.87 percent; Sichuan Changhong posted net profit of 1.646 billion yuan, up 228.62 percent; Qinghai Salt Lake Industry posted net profit of 6.169 billion yuan, up 137.88 percent; Dawn Polymer posted net profit of 237 million yuan, up 181.94 percent; Allwinner Technology posted net profit of 490 million yuan, up 204.17 percent; Hanshow Technology posted net profit of 336 million yuan, up 51.22 percent; Dinglong posted net profit of 529 million yuan, up 70.21 percent; SF Diamond posted net profit of 78.1797 million yuan, up 46.9 percent; Robotechnik posted net profit of 6.5568 million yuan, turning from loss to profit year on year; Qianjin Pharmaceutical posted net profit of 181 million yuan, up 41.59 percent; Zhucheng Technology posted net profit of 132 million yuan, up 49.35 percent; Hengfeng Paper posted net profit of 112 million yuan, up 17.95 percent; Kidswant posted net profit of 172 million yuan, up 19.9 percent; Huate Gas posted net profit of 92.8327 million yuan, up 19.16 percent; Zhejiang Longsheng posted net profit of 1.004 billion yuan, up 8.2 percent; Dameng Data posted net profit of 221 million yuan, up 7.99 percent; Innovent Biologics posted first-half total revenue of 8.618 billion yuan, up 44.8 percent. In addition, Annil plans to repurchase shares worth 40 million to 80 million yuan, and Beimo Gaoke plans to repurchase shares worth 120 million to 180 million yuan.

Changjiang Securities disclosed its 2026 semi-annual report, with net profit attributable to shareholders of the listed company reaching 3.192 billion yuan in the first half, up 83.80% year on year. The company achieved total operating revenue of 7.426 billion yuan, up 58.60% year on year, and total profit of 4.116 billion yuan, up 93.11% year on year. The profit growth mainly came from increases in net fee and commission income, investment income, and gains from changes in fair value, with investment income and gains from changes in fair value totaling 3.188 billion yuan, up 110.42% year on year. The company plans to distribute a cash dividend of 0.50 yuan per 10 shares, tax included, to all shareholders.

Changjiang Securities released a buyback report, planning to use its own funds to repurchase A-shares through centralized bidding. The buyback amount will be no less than 100 million yuan and no more than 200 million yuan, and the repurchased shares will be used for an employee shareholding plan or equity incentives. The buyback price will not exceed 14.01 yuan per share. Based on the upper limit, the estimated number of shares to be repurchased is between 7.14 million and 14.28 million, accounting for about 0.13 percent to 0.26 percent of the company's current total share capital. The implementation period is within 12 months from the date the board approves the plan. The company said the buyback is based on confidence in its future development prospects and recognition of its value, aiming to protect investor interests, strengthen investor confidence, and further improve its long-term incentive mechanism. If the repurchased shares are not fully used for the employee shareholding plan or equity incentives within three years after completion, the unused portion will be cancelled according to law. Previously, from July 1 to July 17, Changjiang Securities' A-share closing price fell by a cumulative 20.87 percent over 13 consecutive trading days, triggering relevant Shenzhen Stock Exchange buyback rules. Chairman Liu Zhengbin issued a buyback proposal letter on July 22, and the board approved the buyback proposal on August 4. Recently, buybacks by listed brokerages have been heating up. From July 19 to July 22, Guolian Minsheng Securities, Huaan Securities, Zhongtai Securities, Hongta Securities, and Changjiang Securities successively disclosed buyback plans or chairman buyback proposals. Based on the upper limits, the five brokerages plan to buy back up to 900 million yuan in total. Unlike some peers that use repurchased shares for cancellation or to maintain company value, Changjiang Securities' buyback is explicitly for an employee shareholding plan or equity incentives. In terms of performance, the company expects net profit attributable to shareholders of the listed company for the first half of 2026 to be between 3.126 billion yuan and 3.3 billion yuan, a year-on-year increase of 80 percent to 90 percent.

Changjiang Securities announced that the company plans to use its own funds to repurchase A-shares through centralized bidding, with a total repurchase amount of no less than 100 million yuan and no more than 200 million yuan. The repurchase price will not exceed 14.01 yuan per share, and the implementation period is within 12 months from the date of approval by the board of directors. The repurchased shares will be used for employee stock ownership plans or equity incentives. Based on the repurchase price cap, the estimated number of shares to be repurchased ranges from 7.14 million to 14.28 million, accounting for 0.13 percent to 0.26 percent of the company's current total share capital. The company stated that this buyback is based on confidence in future development prospects and aims to protect investor interests and improve long-term incentive mechanisms.

Changjiang Securities announced that its board of directors has approved a proposal to repurchase shares through centralized bidding. The company plans to use its own funds, with a total buyback amount of no less than 100 million yuan and no more than 200 million yuan, and a maximum repurchase price of 14.01 yuan per share. The repurchased shares will be used for employee stock ownership plans or equity incentives, and the buyback period will not exceed 12 months from the date of board approval.

On the evening of August 4, several listed companies disclosed significant announcements. Jiangnan New Materials plans to issue shares to no more than 35 specific investors, raising total funds not exceeding 1.6 billion yuan, for a high-purity electronic-grade copper oxide powder construction project and a liquid cooling module and accessories construction project. Bee Assistant's wholly-owned subsidiary, Ya'an Cloud Computing, signed a computing power server procurement agreement with a total value of 3,062,452,800 yuan, and also signed a computing power service contract with Company B worth a total of 4,608,000,000 yuan. The service period runs from August 5, 2026 to August 4, 2031, with an expected average annual net profit of 60 to 72 million yuan. Hangya Technology expects its net profit attributable to shareholders of the listed company for the first half of 2026 to be between 50 million and 55 million yuan, a year-on-year decrease of 10.15% to 18.32%, but second-quarter net profit increased by 49.56% to 74.51% quarter-on-quarter. Xiechuang Data and its subsidiaries plan to use their own funds, with a maximum total balance not exceeding 7 billion yuan, for entrusted wealth management, of which no more than 6 billion yuan will be used for agreement deposits. In addition, Changjiang Securities plans to repurchase shares at a price not exceeding 14.01 yuan per share, with a repurchase amount of no less than 100 million yuan and no more than 200 million yuan, for employee stock ownership plans or equity incentives.

Changjiang Securities has become the fifth listed brokerage this week to unveil a share buyback plan. On the evening of July 22, Changjiang Securities announced it had received a proposal from Chairman Liu Zhengbin to repurchase A-shares using 100 million to 200 million yuan of its own funds. The move came after the company's share price fell by a cumulative 20.87 percent over 13 consecutive trading days from July 1 to 17, triggering conditions set out in Shenzhen Stock Exchange buyback guidelines. The repurchased shares will also be used for future employee stock ownership plans or equity incentives. Earlier this week, Guolian Minsheng Securities, Huaan Securities, Zhongtai Securities, and Hongta Securities had already disclosed buyback plans. The five brokerages' proposed repurchase amounts have a combined lower limit of 350 million yuan and an upper limit of 900 million yuan. This round of intensive buybacks by brokerages comes as industry earnings continue to recover, with many institutions optimistic that improving fundamentals and expectations of valuation repair in the brokerage sector will resonate with each other.

On the evening of July 22, multiple listed companies on the Shanghai and Shenzhen exchanges released important announcements. In terms of earnings, Yisheng Livestock & Poultry Breeding reported first-half net profit surged 4,897.29 percent year-on-year to 308 million yuan, and plans to distribute 1.5 yuan per 10 shares. Lianxun Instruments expects first-half net profit to rise between 801.96 percent and 925.75 percent year-on-year. China Southern Power Grid Digital expects net profit to increase between 1,051.24 percent and 1,511.74 percent year-on-year. Betta Pharmaceuticals expects net profit to grow between 120 percent and 180 percent year-on-year. Regarding major contracts, a controlled subsidiary of Jereh Group signed a gas turbine generator set supply contract worth 1.465 billion US dollars, accounting for approximately 61.33 percent of the company's 2025 audited revenue. A wholly-owned grand subsidiary of Jingang Photovoltaic signed an artificial intelligence computing power technical service contract worth 614 million yuan. A subordinate subsidiary of PowerChina signed a subcontract for a seawater desalination project water transmission system worth approximately 8.925 billion yuan. In addition, chairmen of companies including Wanhua Chemical, ArcSoft, and Hangyang proposed to implement interim dividends. Companies such as Biwin Storage, Daqin Railway, and Changjiang Securities disclosed share buyback plans. Trading in shares of Jiayun Technology and Lianchuang Electronics was suspended due to planned changes in control rights.

The first-half 2026 earnings preview for Shenzhen-listed non-bank financial companies shows that over 80% of firms posted earnings growth exceeding 50%, with the industry's overall profitability improving significantly. GF Securities expects net profit attributable to shareholders of 11 billion to 12 billion yuan, up 70% to 85% year-on-year. Changjiang Securities expects net profit of 3.126 billion to 3.3 billion yuan, up 80% to 90%, hitting a new record high. Yuexiu Capital expects net profit of 2.727 billion to 3.039 billion yuan, up 75% to 95%. Northeast Securities achieved net profit of 764 million yuan, up 77.49%. Huaxi Securities expects net profit growth of 65.96% to 105.01%. Companies are making all-out efforts across core businesses such as wealth management, investment trading, and asset management, demonstrating strong growth resilience and development vitality.