GF Securities Co., Ltd. logo

GF Securities Co., Ltd.

1776.HK

HKSEFinancial ServicesFinancial - Capital Markets

Latest quote

HK$17.29

−HK$0.34 · -1.93%

Aug 25, 10:34 AM HKT

1776.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

GF Securities Co., Ltd., based in the People's Republic of China, delivers a broad spectrum of capital market solutions to a diverse clientele, encompassing corporate entities, private individuals, institutional investors, financial organizations, and government bodies. The company's operations are strategically organized into four principal divisions: Investment Banking, Wealth Management, Trading and Institution, and Investment Management. The Investment Banking segment specializes in facilitating both equity and debt financing, alongside providing expert financial advisory services for activities such as mergers and acquisitions (M&A) and corporate restructuring. Within its Wealth Management arm, GF Securities offers extensive brokerage services for trading various marketable securities, including stocks, bonds, mutual funds, warrants, and futures. This division also provides margin financing, securities lending, repurchase transaction services, and financial leasing. The Trading and Institution segment focuses on the buying and selling of equities, fixed-income instruments, and derivatives. Additionally, it offers institutional clients a comprehensive suite of services, including transaction consultation and execution, in-depth investment research, asset custody, and general broker services. Finally, the Investment Management division provides a range of asset management offerings to its clients, covering mutual fund management and the oversight of both public and private investment funds. GF Securities Co., Ltd. was established in 1991 and maintains its corporate headquarters in Guangzhou, China.

Industry
Financial - Capital Markets
Sector
Financial Services
Headquarters
CN
CEO
Chuanhui Lin
Listed since
Apr 10, 2015
Employees
13,640

Market position

Day range

Current HK$17.29

52-week range

Current HK$17.29

Open
HK$17.80
Previous close
HK$17.63
Volume
908.46K
0.11× average
Average volume
8.26M
Average daily volume
Market cap
175.01B HKD
Beta
0.75
Market reference 1
50-day average
HK$17.1598
+0.76% above average
200-day average
HK$17.0782
+1.24% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
-35.57B CNY
P/E (TTM)
10.21×
P/B (TTM)
0.97×
P/S (TTM)
3.28×
EV / EBITDA
-1.87×
Earnings yield
10.37%
Free cash flow yield
-21.57%
Dividend yield
2.94%

Profitability & efficiency

Gross margin
78.68%
Operating margin
42.43%
Net margin
32.13%
Return on equity
8.78%
Return on assets
1.40%
Return on invested capital
2.36%

Financial health

Debt / equity
1.58×
Current ratio
2.29×
Altman Z-score
0.83
Piotroski F-score
6 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends85%62%38%15%Gross margin, FY2021: 78.97%Gross margin, FY2022: 73.43%Gross margin, FY2023: 68.44%Gross margin, FY2024: 72.08%Gross margin, FY2025: 77.26%Operating margin, FY2021: 36.05%Operating margin, FY2022: 31.53%Operating margin, FY2023: 26.51%Operating margin, FY2024: 32.35%Operating margin, FY2025: 40.73%Net margin, FY2021: 26.15%Net margin, FY2022: 24.06%Net margin, FY2023: 21.15%Net margin, FY2024: 26.31%Net margin, FY2025: 31.05%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 78.97%. Gross margin FY2022 73.43%. Gross margin FY2023 68.44%. Gross margin FY2024 72.08%. Gross margin FY2025 77.26%. Operating margin FY2021 36.05%. Operating margin FY2022 31.53%. Operating margin FY2023 26.51%. Operating margin FY2024 32.35%. Operating margin FY2025 40.73%. Net margin FY2021 26.15%. Net margin FY2022 24.06%. Net margin FY2023 21.15%. Net margin FY2024 26.31%. Net margin FY2025 31.05%.

Income trends

Revenue

44.13B CNY+20.46%

Operating income

17.97B CNY+51.64%

Net income

13.7B CNY+42.18%
Income trends across reported periods47.84B CNY32.98B CNY18.12B CNY3.26B CNYRevenue, FY2021: 41.51B CNYRevenue, FY2022: 32.95B CNYRevenue, FY2023: 32.99B CNYRevenue, FY2024: 36.63B CNYRevenue, FY2025: 44.13B CNYOperating income, FY2021: 14.96B CNYOperating income, FY2022: 10.39B CNYOperating income, FY2023: 8.74B CNYOperating income, FY2024: 11.85B CNYOperating income, FY2025: 17.97B CNYNet income, FY2021: 10.85B CNYNet income, FY2022: 7.93B CNYNet income, FY2023: 6.98B CNYNet income, FY2024: 9.64B CNYNet income, FY2025: 13.7B CNYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 41.51B CNY. Revenue FY2022 32.95B CNY. Revenue FY2023 32.99B CNY. Revenue FY2024 36.63B CNY. Revenue FY2025 44.13B CNY. Operating income FY2021 14.96B CNY. Operating income FY2022 10.39B CNY. Operating income FY2023 8.74B CNY. Operating income FY2024 11.85B CNY. Operating income FY2025 17.97B CNY. Net income FY2021 10.85B CNY. Net income FY2022 7.93B CNY. Net income FY2023 6.98B CNY. Net income FY2024 9.64B CNY. Net income FY2025 13.7B CNY.
Metric (CNY)FY2025FY2024FY2023FY2022FY2021
Revenue44.13B CNY36.63B CNY32.99B CNY32.95B CNY41.51B CNY
Cost of goods sold10.03B CNY10.23B CNY10.41B CNY8.75B CNY8.73B CNY
Gross profit34.09B CNY26.41B CNY22.58B CNY24.2B CNY32.78B CNY
Selling, general, and administrative16.46B CNY4.61B CNY4.76B CNY4.62B CNY4.6B CNY
Operating expenses16.12B CNY14.55B CNY13.83B CNY13.81B CNY17.82B CNY
Interest income12.26B CNY12.57B CNY13.55B CNY12.86B CNY13.66B CNY
Interest expense10.03B CNY10.23B CNY10.41B CNY8.75B CNY8.73B CNY
Depreciation and amortization1.03B CNY970.2M CNY881.71M CNY775.82M CNY711.59M CNY
Operating income17.97B CNY11.85B CNY8.74B CNY10.39B CNY14.96B CNY
Net income13.7B CNY9.64B CNY6.98B CNY7.93B CNY10.85B CNY

Company facts updated Aug 25, 2026.

Earnings

EPS beat rate
45%
5 beats, 6 misses, 0 met estimates
Average EPS surprise
-19.13%
11 comparable reports
Latest EPS result
0.66
Estimate 0.54 · Beat by 22.22%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates0.930.650.370.09Q4 '24BeatQ1 '25MissQ2 '25MissQ3 '25BeatQ4 '25BeatQ1 '26MissQ2 '26BeatQ3 '26Estimate
Q4 2024, reported Oct 30, 2024: actual 0.28, estimate 0.22, surprise +27.27%, Beat. Q1 2025, reported Mar 28, 2025: actual 0.404, estimate 0.766, surprise -47.23%, Miss. Q2 2025, reported Apr 29, 2025: actual 0.352, estimate 0.766, surprise -54.02%, Miss. Q3 2025, reported Aug 29, 2025: actual 0.866, estimate 0.839, surprise +3.22%, Beat. Q4 2025, reported Oct 30, 2025: actual 0.579, estimate 0.48, surprise +20.65%, Beat. Q1 2026, reported Mar 30, 2026: actual 0.106, estimate 0.479, surprise -77.91%, Miss. Q2 2026, reported Apr 27, 2026: actual 0.66, estimate 0.54, surprise +22.22%, Beat. Q3 2026, reported Aug 28, 2026: actual —, estimate 0.61, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates22.82B17.31B11.79B6.28BQ4 '24BeatQ1 '25MissQ2 '25MissQ3 '25BeatQ4 '25BeatQ1 '26MissQ2 '26BeatQ3 '26Estimate
Q4 2024, reported Oct 30, 2024: actual 10.24B HKD, estimate 7.38B HKD, surprise +38.65%, Beat. Q1 2025, reported Mar 28, 2025: actual 11.04B HKD, estimate 19.57B HKD, surprise -43.60%, Miss. Q2 2025, reported Apr 29, 2025: actual 7.72B HKD, estimate 19.57B HKD, surprise -60.54%, Miss. Q3 2025, reported Aug 29, 2025: actual 21.68B HKD, estimate 8.55B HKD, surprise +153.60%, Beat. Q4 2025, reported Oct 30, 2025: actual 11.29B HKD, estimate 9.2B HKD, surprise +22.79%, Beat. Q1 2026, reported Mar 30, 2026: actual 10.38B HKD, estimate 11.28B HKD, surprise -7.94%, Miss. Q2 2026, reported Apr 27, 2026: actual 16.06B HKD, estimate 15.62B HKD, surprise +2.83%, Beat. Q3 2026, reported Aug 28, 2026: actual —, estimate 15.86B HKD, surprise —, Comparison unavailable.

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

HK$0.5423

2025 complete year+0.1% since 2021

2026 partial: HK$0.575

* Partial calendar year in the available dividend history.

Corporate action history

Dividend

Ex-dividend Jul 9, 2026

HK$0.575

Annual

Record Jul 10, 2026 · Payment Aug 7, 2026

Dividend

Ex-dividend Sep 11, 2025

HK$0.1096

Semi-Annual

Record Sep 12, 2025 · Payment Oct 22, 2025

Dividend

Ex-dividend May 29, 2025

HK$0.4327

Semi-Annual

Record May 30, 2025 · Payment Jun 30, 2025

Dividend

Ex-dividend Oct 28, 2024

HK$0.1099

Semi-Annual

Record Oct 29, 2024 · Payment Nov 28, 2024

Dividend

Ex-dividend May 27, 2024

HK$0.3303

Annual

Record May 28, 2024 · Payment Jul 3, 2024

Dividend

Ex-dividend Jul 11, 2023

HK$0.381

Annual

Record Jul 12, 2023 · Payment Aug 11, 2023

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