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Huatai Securities Co., Ltd. (601688.SS)

CNY20.63 +0.55 (+2.74%)
CN SHH Financial Services Financial - Capital Markets
Address Huatai Securities Plaza 210019
Nanjing, CN
CEO Yi Zhou
Website htsc.com.cn
IPO 2010-02-26
ISIN CNE100000LQ8

Explore sections of this company profile

Also trades on Hong Kong Stock Exchange · 6886.HK (HKD) London Stock Exchange · HTSC.L (USD) Other OTC · HUATF (USD) Shanghai Stock Exchange · 601688.SS (CNY)
Description

Huatai Securities Co., Ltd., a prominent securities firm, operates across Mainland China and globally. The company offers a comprehensive suite of brokerage services, facilitating clients' trading of various financial instruments such as stocks, funds, bonds, futures, and options. Beyond direct execution, Huatai provides a range of financial products, asset allocation solutions, and crucial financing options like margin lending and securities-backed loans. For institutional clients, including enterprises, governmental bodies, and other financial institutions, Huatai delivers extensive investment banking expertise. This includes equity and bond underwriting, strategic financial consultancy, and over-the-counter (OTC) market services. The firm also engages in cross-border proprietary trading and develops sophisticated credit derivative products and services. Furthermore, it provides essential custodian and fund administration services to various asset management entities. These encompass settlement, liquidation, reporting, and valuation, alongside margin trading support and other value-added provisions. Clients also benefit from its professional research and consulting capabilities. Lastly, Huatai manages private equity funds and offers asset management solutions for securities firms, futures companies, and other investment funds. Established in 1990, Huatai Securities Co., Ltd. maintains its headquarters in Nanjing, People's Republic of China.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
CNY20.63 +0.55 (+2.74%)
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Volume Profile
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Liquidity & share structure
Average Volume
119M
Beta
0.62
Float Shares
4.74B
Free Float %
52.5%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-2.18% -1.03% +3.04% -13.92% -13.50% -18.23% +15.10% +33.68% +21.09% +21.24% -8.40%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
20.63
DCF (Unlevered) 16.73 -18.9%
DCF (Levered) 8.64 -58.1%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM)
Rating 2024-11 Change
Strong Buy 0 0
Buy 0 0
Hold 0 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
0.25
Distress
Piotroski F-Score
4 / 9
Average
MOAT Score
3 / 10
No MOAT
Composite Rating
B
Overall Score
3 / 5
Medium
DCF Score
3 / 5
Medium
ROE Score
3 / 5
Medium
ROA Score
4 / 5
High
D/E Score
1 / 5
Low
P/E Score
3 / 5
Medium
P/Book Score
3 / 5
Medium
Operational MOAT
✗ Below peers
  • ✗
    Revenue growth Financial - Capital Markets: +19.7%
    +4.2% Q1'26: +47.3% (vs Q1'25)
  • ✓
    EPS growth Financial - Capital Markets: +35.3%
    +6.8% Q1'26: +39.5% (vs Q1'25)
  • ✗
    FCF margin FCF growth · Financial - Capital Markets: +29.5%
    -60.5% Q1'26: +299.1% (vs Q1'25)
  • ✓
    EBIT margin Financial - Capital Markets: +33.5%
    +43.9% ★ Q1'26: +47.6% (vs Q1'25)
  • ✓
    ROIC Financial - Capital Markets: +4.0%
    — Q1'26: +2.9% (vs Q1'25)
  • ✓
    Share dilution Financial - Capital Markets: +0.0%
    -0.1% ★ Q1'26: -5.8% (vs Q1'25)
  • ✗
    Debt / EBITDA Net debt/EBITDA · Financial - Capital Markets: -0.30×
    15.36× ★ Q1'26: 22.89× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
▶ WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.69) × ERP
WACC = 38% × Ke + 62% × Kd (4.1%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
—
Intrinsic value (base): 16.62 Current price: 20.63
Enterprise Value: — Equity Value: — Terminal Value: — TV as % of EV: —

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2015
actual 		Dec 2016
actual 		Dec 2017
actual 		Dec 2018
actual 		Dec 2019
actual 		Dec 2020
actual 		Dec 2021
actual 		Dec 2022
actual 		Dec 2023
actual 		Dec 2024
actual 		Dec 2025
actual 		Dec 2026
5 Rev. Ana.
11 EPS Ana. 		Dec 2027
10 Rev. Ana.
11 EPS Ana. 		Dec 2028
7 Rev. Ana.
6 EPS Ana.
Revenue
25.83B
est: 25.62B (+0.8%)
16.93B
est: 16.80B (+0.8%)
20.99B
est: 19.08B (+10.0%)
15.85B
est: 17.24B (-8.1%)
24.46B
est: 22.78B (+7.4%)
32.60B
est: 32.58B (+0.1%)
40.90B
est: 37.15B (+10.1%)
29.93B
est: 32.89B (-9.0%)
34.95B
est: 35.81B (-2.4%)
40.28B
est: 44.11B (-8.7%)
41.96B
est: 40.28B (+4.2%)
41.18B
38.23B – 42.95B
+2.2% YoY
44.66B
38.73B – 49.65B
+8.5% YoY
48.28B
47.33B – 49.24B
+8.1% YoY
EBITDA
—
—
—
—
—
—
—
—
—
est: 3.37B (-100.0%)
—
est: 4.15B (-100.0%)
19.75B
est: 3.79B (+420.9%)
3.88B
3.60B – 4.04B
+2.2% YoY
4.20B
3.65B – 4.67B
+8.5% YoY
4.54B
4.45B – 4.63B
+8.1% YoY
EBIT
—
—
—
—
—
—
—
—
—
est: 3.14B (-100.0%)
—
est: 3.87B (-100.0%)
18.40B
est: 3.53B (+420.9%)
3.61B
3.35B – 3.77B
+2.2% YoY
3.92B
3.40B – 4.36B
+8.5% YoY
4.24B
4.15B – 4.32B
+8.1% YoY
Net Income
10.70B
est: 15.05B (-28.9%)
6.27B
est: 8.71B (-28.0%)
9.28B
est: 9.67B (-4.1%)
5.03B
est: 8.14B (-38.1%)
9.00B
est: 8.98B (+0.2%)
10.82B
est: 12.42B (-12.9%)
13.35B
est: 14.35B (-7.0%)
11.05B
est: 11.18B (-1.1%)
12.75B
est: 10.84B (+17.6%)
15.35B
est: 16.85B (-8.9%)
16.38B
est: 16.75B (-2.2%)
18.62B
17.93B – 21.06B
+11.2% YoY
20.78B
19.17B – 24.16B
+11.6% YoY
22.88B
22.36B – 26.20B
+10.1% YoY
SGA
285.45M
est: 3.76B (-92.4%)
336.79M
est: 2.47B (-86.4%)
553.87M
est: 2.80B (-80.2%)
849.00M
est: 2.53B (-66.5%)
520.75M
est: 3.35B (-84.4%)
12.32B
est: 4.79B (+157.3%)
12.55B
est: 5.46B (+129.9%)
607.55M
est: 4.83B (-87.4%)
583.72M
est: 5.29B (-89.0%)
527.34M
est: 6.52B (-91.9%)
16.04B
est: 5.95B (+169.4%)
6.09B
5.65B – 6.35B
+2.2% YoY
6.60B
5.73B – 7.34B
+8.5% YoY
7.14B
7.00B – 7.28B
+8.1% YoY
EPS
1.65
est: 1.59 (+3.9%)
0.88
est: 0.92 (-4.2%)
1.30
est: 1.02 (+27.4%)
0.66
est: 0.86 (-23.1%)
1.04
est: 0.95 (+9.7%)
1.20
est: 1.31 (-8.5%)
1.47
est: 1.51 (-3.0%)
1.18
est: 1.18 (+0.0%)
1.35
est: 1.20 (+12.1%)
1.62
est: 1.80 (-9.9%)
1.73
est: 1.86 (-6.9%)
2.06
1.89 – 2.22
+10.6% YoY
2.28
2.02 – 2.55
+10.8% YoY
2.52
2.36 – 2.77
+10.5% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-11 B 3/5 3/5 3/5 4/5 1/5 3/5 3/5
2026-05-08 B 3/5 3/5 3/5 4/5 1/5 3/5 3/5
2026-05-07 B 3/5 3/5 3/5 4/5 1/5 3/5 3/5
2026-05-06 B 3/5 3/5 3/5 4/5 1/5 3/5 3/5
2026-04-30 B 3/5 3/5 3/5 4/5 1/5 3/5 3/5
2026-04-29 B 3/5 3/5 3/5 5/5 1/5 2/5 3/5
2026-04-28 B 3/5 3/5 3/5 5/5 1/5 2/5 3/5
2026-04-27 B 3/5 3/5 3/5 5/5 1/5 2/5 3/5
2026-04-24 B 3/5 3/5 3/5 5/5 1/5 2/5 3/5
2026-04-23 B 3/5 3/5 3/5 5/5 1/5 2/5 3/5
2026-04-22 B 3/5 3/5 3/5 5/5 1/5 2/5 3/5
2026-04-21 B 3/5 3/5 3/5 5/5 1/5 2/5 3/5
2026-04-20 B 3/5 3/5 3/5 5/5 1/5 2/5 3/5
2026-04-17 B+ 3/5 4/5 3/5 5/5 1/5 3/5 3/5
2026-04-16 B+ 3/5 4/5 3/5 5/5 1/5 3/5 3/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
-16.56B
OE per share TTM
-1.72
Owner's Yield
-9.47%
Maintenance CapEx ratio
9.02%
Maint CapEx / Avg PPE
16.7%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
—
Total invested
—
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 144 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 Neuberger Berman China Equity ETF NBCE 1.23% 226.7K 5.01%
2 Xtrackers Harvest CSI300 UCITS ETF 1D ASHR.L 0.44% 1.38M 0.65%
3 Xtrackers Harvest CSI 300 China A-Shares ETF ASHR 0.44% 5.93M 0.65%
4 Samsung KODEX China CSI300 ETF 283580.KS 0.41% 810.6K 0.12%
5 JPMorgan ETFs (Ireland) ICAV - China A Research Enhanced Index Equity Active UCITS ETF JREC.L 0.34% 76.7K 0.40%
6 HSBC MSCI China A UCITS ETF HMCT.L 0.32% 435.0K 0.30%
7 Amundi MSCI China A UCITS ETF Acc CNAA.L 0.30% 415.2K 0.35%
8 Xtrackers MSCI China A UCITS ETF 1C XX2D.L 0.29% 399.2K 0.35%
9 iShares MSCI China A UCITS ETF CNYE.MI 0.29% 291.0K 0.45%
10 iShares MSCI China A UCITS ETF CNYA.L 0.29% 8.82M 0.40%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
1.08M
Shares Outstanding
9.03B

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Yi Zhou Chief Executive Officer & Director 2M male
Huiqing Wang Executive Chairman 1M male
Jiapeng Yu Head of Investor Relations — —
Kai Jiao General Counsel & Chief Compliance Officer — male
Xiaodi Zhang Head of Accounting Department — —
Xiaoning Jiao Chief Financial Officer — female
Yan Sun Director of Human Resources — female
Yin Ping Kwong FCIS Joint Company Secretary — female
Chong Wang Chief Risk Officer — male
Zhencong Han Chief Information Officer — male
Hui Zhang Joint Company Secretary — male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits

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