Huatai Securities Co., Ltd.

Huatai Securities Co., Ltd.

HUATF
Huatai Securities Co., Ltd.US flagOther OTC
2.10
USD
- -
- -
18.96BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
1.24
2.1
3.97
2.3
2.88
1.99
2.56
3.02
3.89
3.29
3.6
3.29
3.43
2.66
Basic EPS, GAAP
0.4
0.8
1.65
0.88
1.3
0.66
1.04
1.2
1.47
1.18
1.35
1.62
1.73
1.31
Free Cash Flow per Basic Share
-3.56
5.31
2.15
-2.23
-5.1
2.76
2.24
2.78
-5.24
7.02
-3.51
7
-1.46
3.19
Dividend per Share
0.18
0.32
0.79
1.06
1.02
0.94
0.71
0.72
0.88
1.11
1.59
1.35
1.15
0.76
Book Value per Share
2.42
2.84
3.44
3.26
3.74
3.63
3.73
4.22
4.92
5.02
5.45
6.09
6.85
7.4
Tangible Book Value per Share
6.49
7.41
12.47
10.9
11.41
12.75
13.59
13.84
15.69
16.77
18.13
20.03
21.61
22.22
Basic Weighted Avg Shares
5,600
5,600
6,502
7,163
7,136
7,625
8,655
9,019
9,079
9,368
9,445
9,476
9,470
9,413
Sales/Revenue/Turnover
6,963
11,777
25,842
16,463
20,562
15,149
22,136
27,239
35,275
30,811
33,991
31,161
32,447
25,042
Operating Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Depreciation Expense
232
230
277
365
528
588
1,124
1,253
1,344
1,426
1,705
1,638
1,343
- -
Net Income, GAAP
2,220
4,486
10,697
6,271
9,277
5,033
9,002
10,822
13,346
11,054
12,751
15,351
16,383
12,358
Effective Tax Rate (%)
22.76
23.25
24.3
24.13
18.79
19.97
21.83
19.5
16.42
7.04
8.23
- -
11.04
12.57
Profit Margin (%)
31.88
38.09
41.39
38.09
45.12
33.22
40.66
39.73
37.83
35.88
37.51
49.26
50.49
49.35
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
LT Debt
19,065
47,771
77,598
84,579
112,883
95,250
129,942
158,844
211,401
201,391
238,422
178,803
303,387
319,274
Total Equity
36,801
41,944
81,529
85,660
88,520
104,750
125,655
132,312
152,036
167,857
182,217
191,894
206,996
211,473
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)
16.31
30.46
55.84
27.41
37.07
18.52
30.04
30.78
32.27
24.12
25.89
28.11
26.72
18.87

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
- -
9,027
9,027
Market Capitalization
143,339
140,802
136,388

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
- -
- -
- -
Cash, Cash Equivalents & STI
- -
513,185
591,487
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
9.91%
9.41%
7.87%
Free Cash Flow
-132.21%
-219.92%
-120.83%
Net Income, GAAP
10.85%
9.72%
6.72%
Sales/Revenue/Turnover
5.44%
4.59%
4.12%
Total Cash Common Dividend
10.22%
13.46%
-15.3%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
5,882
10,930
12,998
9,298
31,161
2025
6,615
7,045
- -
8,287
32,447
2026
9,710
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.24
- -
- -
- -
1.62
2025
0.38
- -
- -
- -
1.73
2026
0.51
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.26
- -
- -
- -
1.35
2025
0.18
- -
- -
- -
1.15
2026
0.25
- -
- -
- -
- -

Company Description

APIChat
CEO
Yi Zhou
Full Time Employees
16,964
Sector
Financial Services
Industry
Financial - Capital Markets
Address
Huatai Securities Plaza Nanjing People's Republic of China 210019
IPO Date
Mar 5, 2020
Business
Huatai Securities Co., Ltd. is a leading integrated securities company headquartered in Nanjing, China, founded in 1990. The company operates primarily in the securities and financial services industry, providing a comprehensive range of products and services including securities, futures and options brokerage; financial product sales; fund investment advisory; capital-based intermediary services; asset allocation; margin financing; securities lending; securities-backed lending; and stock pledged repurchase services. It also engages in investment banking, institutional services such as research and institutional sales, investment trading, asset custody, and wealth management. Huatai Securities serves individual, enterprise, and institutional clients across Mainland China and internationally through segments including Wealth Management, Institutional Services, Investment Management, and International Business. In recent years, Huatai Securities has made significant strategic advancements. The company expanded its international footprint by obtaining a securities trading license in Vietnam and gaining Nasdaq underwriting membership in the United States. Its Global Trading Platform now connects Hong Kong, the U.S., the U.K., and Singapore on a 24/7 basis. The company’s technological infrastructure has been enhanced with upgrades to its core trading systems such as the FICC HEAD platform and CAMS (Credit Analysis Management System), enabling it to lead market-making activities especially on the STAR Market. Huatai has introduced AI-powered enhancements to its mobile wealth management platform "ZhangLe Fortune Path," boosting client and asset growth. Additionally, Huatai sold its entire stake in AssetMark in September 2024, marking a strategic divestiture. Huatai Securities maintains leadership in China’s capital markets with dominant positions in equity underwriting, M&A advisory, and market-making in RMB counter trading, supporting innovation-driven enterprises including technology firms and specialized medium-sized companies. The company reported record earnings in 2024 with robust revenue growth and expanded research output with nearly double overseas reports covering major global markets. Its fund distribution is ranked second among Chinese securities firms, with assets under management in equity funds exceeding RMB 120 billion, and it leads in non-money-market ETFs in Shanghai and Shenzhen through products like the Huatai-PineBridge CSI 300 ETF. Huatai’s sustainability efforts have been recognized with an MSCI ESG rating upgrade to AAA, reflecting its corporate social responsibility initiatives. Huatai Securities operates through various subsidiaries, including Huatai Financial Holdings (Hong Kong) and Huatai Securities (USA), serving diverse geographic markets across Asia, North America, and Europe. The company continues to pursue growth through technology-driven innovation, strategic international expansion, and comprehensive service offerings targeting institutional investors, high-net-worth individuals, and retail clients domestically and globally. It remains a critical player in China's financial markets with a strong commitment to advancing capital market infrastructure and enabling client success through tailored financial solutions.