Haitong Securities Co Ltd

Chart & Performance

D1W1MN

P/E

69.63

P/S

3.10

EPS

0.09

Div Yield, %

2.21%

Shrs. gr., 5y

2.38%

Rev. gr., 5y

-0.92%

Revenues

22.67b

-9.93%

Net income

1.01b

-80.59%

CFO

3.05b

-65.38%

Dividend

Sep 11, 20240.0328343 HKD/sh

Earnings

Apr 24, 2025

Profile

Haitong Securities Co., Ltd. operates as a securities company primarily in Mainland China, Hong Kong, and Europe. It operates through Wealth Management, Investment Banking, Asset Management, Trading and Institution, Finance Lease, and Others segments. The Wealth Management segment offers securities and futures brokering and dealing, investment consulting, and wealth management services, as well as financial services, such as margin financing, securities lending, stock pledge, etc. The Investment Banking segment provides sponsoring and underwriting services in equity and debt capital markets; financial consulting services, which include merger and assets restructuring services; and services related to the national equities exchange and quotations. The Asset Management segment offers investment management services on investment products comprising asset, fund, and private equity management to individual, corporate, and institutional clients. The Trading and Institution segment provides stock sales and trading, prime brokerage, and stock lending and research services in financial markets; market-making services for fixed income, currency and commodity products, futures and options, and derivatives on various exchanges; and investment funds and private equity projects. The Finance Lease segment offers financial solutions that include finance and operating lease, factoring, entrustment loans, and related consulting services. The Others segment provides warehouse receipts pledge, pricing, and market-making services, as well as services related to risk management. The company also offers fund trading, distribution, and management services; financial and commodity futures contracts broking and dealing services; investment advisory and management services; banking services; and real estate development, property management, and catering management services. Haitong Securities Co., Ltd. was founded in 1988 and is based in Shanghai, the People's Republic of China.

URL

https://www.htsec.com/

IPO date

Feb 24, 1994

Employees

12,262

Domiciled in

Incorporated in

Valuation

Order:

Title CNY in thousands, except ratios and share amounts	FY	FY	FY	FY	FY	FY	FY	FY	FY
Title CNY in thousands, except ratios and share amounts	2023‑12	2022‑12	2021‑12	2020‑12	2019‑12	2018‑12	2017‑12	2016‑12	2015‑12
Income
Revenues	22,670,584 -9.93%	25,169,743 -39.41%
Cost of revenue	22,526,734	16,179,712
Unusual Expense (Income)
NOPBT	143,850	8,990,031
NOPBT Margin	0.63%	35.72%
Operating Taxes	1,876,918	2,802,886
Tax Rate	1,304.78%	31.18%
NOPAT	(1,733,069)	6,187,145
Net income	1,008,406 -80.59%	5,196,150 -59.49%
Dividends		(3,919,260)
Dividend yield		3.45%
Proceeds from repurchase of equity	(414,335)	(15,231)
BB yield	0.34%	0.01%
Debt
Debt current		155,038,896
Long-term debt	303,033,253	296,833,878
Deferred revenue		25,969
Other long-term liabilities	(301,936,088)	(285,542,660)
Net debt	(255,460,868)	(101,914,966)
Cash flow
Cash from operating activities	3,053,038	8,819,103
CAPEX	(801,677)
Cash from investing activities	(8,803,001)
Cash from financing activities	(16,540,290)	6,133,285
FCF	(75,394,579)	4,302,399
Balance
Cash	250,707,480	270,943,755
Long term investments	307,786,642	282,843,985
Excess cash	557,360,592	552,529,252
Stockholders' equity	100,281,113	149,388,413
Invested Capital	635,316,391	744,661,695
ROIC		0.81%
ROCE	0.02%	1.00%
EV
Common stock shares outstanding	13,022,693	13,064,200
Price	9.38 7.94%	8.69 -29.12%
Market cap	122,152,856 7.60%	113,527,898 -29.12%
EV	(121,752,443)	71,342,171
EBITDA	1,533,848	10,417,664
EV/EBITDA		6.85
Interest	15,953,502	13,607,710
Interest/NOPBT	11,090.39%	151.36%