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Haitong Securities Co., Ltd.

Haitong Securities Co., Ltd.

6837.HK
Haitong Securities Co., Ltd.HK flagHong Kong Stock Exchange
6.45
HKD
-0.27
- -
129.31BMarket Cap
Haitong Securities Co., Ltd.
6837.HK
(Hong Kong Stock Exchange)

Recent

price

6.45

P/E

ratio

- -

div

yld

- -

ROIC.AI

2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
TTM
FRC
0.84
1.19
1.18
1.13
0.99
1.08
1.85
3.51
2.42
2.39
2.05
3.03
3.12
3.17
1.92
1.78
1
Revenue per Share
0.4
0.55
0.45
0.38
0.33
0.42
0.8
1.48
0.7
0.75
0.45
0.83
0.9
0.98
0.5
0.08
-0.31
Basic EPS, GAAP
-2.87
4.17
-1.81
-2.22
-1.04
-1.55
0.89
1.42
-4.41
-5.28
-0.77
1.75
0.35
5.28
0.32
0.18
5.4
Free Cash Flow per Basic Share
0.05
0.1
0.2
0.15
0.14
0.13
0.32
0.77
1.16
0.95
1.15
1.19
1.13
0.89
1
1.03
0.87
Dividend per Share
1.58
1.87
2.01
2.13
2.15
2.22
2.71
3.44
3.29
3.64
3.7
4.21
4.49
4.63
4.57
4.4
4.06
Book Value per Share
4.66
5.35
5.53
5.67
6.46
6.58
7.2
10.54
10.21
10.84
10.78
11.82
13.48
13.23
13.19
13.48
12.65
Tangible Book Value per Share
8,254
8,270
8,192
8,166
9,205
9,607
9,638
10,702
11,490
11,491
11,580
11,474
12,084
13,088
13,091
12,605
13,019
Basic Weighted Avg Shares
6,909
9,874
9,690
9,220
9,075
10,338
17,811
37,605
27,811
27,520
23,740
34,735
37,681
41,541
25,170
22,381
12,997
Sales/Revenue/Turnover
53.03
58.03
49.88
- -
43.93
51.65
57.37
55.72
38.29
44.65
- -
- -
- -
- -
- -
- -
- -
Operating Margin (%)
161
183
225
221
230
221
210
233
315
416
493
1,035
1,238
1,367
1,428
1,556
- -
Depreciation Expense
3,302
4,548
3,686
3,103
3,038
4,035
7,711
15,839
8,043
8,618
5,211
9,523
10,875
12,827
6,545
1,008
-4,013
Net Income, GAAP
8.46
22.07
22.48
23.68
21.2
21.52
22.09
20.25
19.99
23.38
23.77
24.01
23.61
25.86
35.04
119.86
88.52
Effective Tax Rate (%)
47.79
46.06
38.04
33.66
33.47
39.03
43.29
42.12
28.92
31.32
21.95
27.42
28.86
30.88
26
4.51
-30.87
Profit Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Working Capital
- -
1,077
2,922
2,521
10,776
27,856
97,318
170,811
218,117
232,719
262,464
274,688
282,409
284,439
296,098
301,936
269,533
LT Debt
38,637
44,519
45,617
46,611
60,431
64,105
72,264
116,928
121,958
129,694
130,148
141,119
168,126
177,755
177,622
174,800
169,491
Total Equity
8.62
10.49
7.85
- -
5.19
5.11
6.04
7.21
2.68
2.66
- -
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
31.07
31.96
23.11
18.32
16.35
19.63
32.46
50.31
21.55
21.65
12.32
20.89
21.19
22.34
10.88
1.75
-7.04
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Mar'24
Jun'24
Sep'24
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
13,064
13,064
13,064
Market Capitalization
43,282
43,620
42,663

Working Capital

FRC

•

in mil. unless spec.
Mar'24
Jun'24
Sep'24
Total Current Assets
- -
- -
- -
Cash, Cash Equivalents & STI
260,728
248,890
267,435
Accounts Receivable, Net
- -
- -
- -
Inventories
- -
- -
- -
Total Current Liabilities
- -
- -
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
11.72%
6.33%
-1.59%
Free Cash Flow
42.81%
200.92%
-45.9%
Net Income, GAAP
9.62%
-3.73%
-84.59%
Sales/Revenue/Turnover
15.71%
2.91%
-11.08%
Total Cash Common Dividend
37.67%
-0.19%
-0.56%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2022
4,062
7,777
6,293
7,037
25,170
2023
8,304
8,185
5,677
216
22,381
2024
4,874
4,061
3,846
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2022
0.11
- -
- -
- -
0.5
2023
0.19
- -
- -
- -
0.08
2024
0.07
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2022
0.12
- -
- -
- -
1
2023
0.21
- -
- -
- -
1.03
2024
0.22
- -
- -
- -
- -
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Business
Haitong Securities Co., Ltd. (6837.HK) operates as a leading Chinese securities firm offering a comprehensive range of financial services including wealth management with securities and futures brokering, investment consulting, margin financing, securities lending and stock pledge; investment banking encompassing equity and debt underwriting, financial advisory for mergers and restructuring, and national equities exchange services; asset management covering funds, private equity and investment products for individual, corporate and institutional clients; trading and institutional services such as stock sales, prime brokerage, market-making in fixed income, currencies, commodities, futures, options and derivatives; finance lease including operating leases, factoring and entrustment loans; and other activities like warehouse receipts pledge, fund raising, real estate development and property management. The company, founded in 1988 and headquartered in Shanghai, China, primarily serves markets in Mainland China, Hong Kong and Europe through over 340 business units and approximately 18.5 million clients. In a major strategic development, Haitong Securities merged with Guotai Junan Securities in April 2025, with its A and H shares delisted from the Shanghai and Hong Kong exchanges in March 2025, and now operates as a subsidiary of the combined entity Guotai Haitong Securities Co., Ltd., enhancing its scale as one of China's largest securities groups.