--- title: "CITIC Securities' net profit in the first quarter increased by 54.6% year-on-year, the securities ETF Tianhong (159841) rose over 2% at the beginning of trading, and institutions recommend seizing the left-side layout opportunities of brokerages" type: "News" locale: "en" url: "https://longbridge.com/en/news/282273680.md" description: "CITIC Securities Co., Ltd. reported a net profit growth of 54.6% year-on-year in the first quarter of 2026, with operating revenue of 23.155 billion yuan, an increase of 40.91%. The securities ETF Tianhong (159841) rose over 2% at market opening, attracting a net inflow of 5.6 million yuan. Southwest Securities recommends that investors seize the left-side layout opportunities in brokerage firms, recommending medium and large brokerage firms and those with merger and acquisition expectations" datetime: "2026-04-10T01:49:09.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/282273680.md) - [en](https://longbridge.com/en/news/282273680.md) - [zh-HK](https://longbridge.com/zh-HK/news/282273680.md) --- # CITIC Securities' net profit in the first quarter increased by 54.6% year-on-year, the securities ETF Tianhong (159841) rose over 2% at the beginning of trading, and institutions recommend seizing the left-side layout opportunities of brokerages On April 10th, the three major indices opened higher collectively, with the securities sector leading the gains. As of the time of writing, the CSI All Share Securities Company Index rose by 2.06%. Among the constituent stocks, CITIC Securities increased by nearly 5%, while GF Securities and Huatai Securities rose by over 3%. In related ETFs, **Securities ETF Tianhong (159841)** opened higher, with a trading volume exceeding 34 million yuan as of the time of writing, and a premium/discount rate of 0.07%, frequently showing premium trading during the session. In terms of capital flow, Wind Financial Terminal data shows that **Securities ETF Tianhong (159841)** saw a net inflow of over 5.6 million yuan yesterday. Securities ETF Tianhong (159841) closely tracks the CSI All Share Securities Company Index, which focuses on large-cap securities leaders in the A-share market, including both traditional securities leaders and financial technology leaders. Securities ETF Tianhong (159841) also allocates to off-exchange securities ETF connection funds (A: 008590, C: 008591). On the news front, CITIC Securities released its Q1 2026 performance report on the evening of April 9th, reporting an operating income of 23.155 billion yuan, a year-on-year increase of 40.91%; a net profit attributable to shareholders of the listed company of 10.216 billion yuan, a year-on-year increase of 54.6%; and basic earnings per share of 0.67 yuan, a year-on-year increase of 55.81%. **Southwest Securities** stated that there is currently a significant mismatch between profitability and valuation in the brokerage sector, suggesting to seize left-side layout opportunities. We recommend two main lines: first, medium to large brokerages with strong comprehensive strength and relatively low valuations; second, brokerages that are advancing mergers and acquisitions or have expectations of mergers and acquisitions. ### Related Stocks - [06030.HK](https://longbridge.com/en/quote/06030.HK.md) - [600030.CN](https://longbridge.com/en/quote/600030.CN.md) - [159841.CN](https://longbridge.com/en/quote/159841.CN.md) ## Related News & Research - [1 Rapidly Deteriorating ETF Screams That ‘Shop ‘Til You Drop’ Americans Have All But Keeled Over](https://longbridge.com/en/news/286429552.md) - [VanEck, Grayscale file fresh BNB ETF amendments as race for next altcoin spot ETF accelerates](https://longbridge.com/en/news/286652991.md) - [BNB ETF Could Be Next Big Crypto Breakthrough, Says Bloomberg Analyst](https://longbridge.com/en/news/286639724.md) - [Non-discretionary PMS clients can pledge securities held in demat: Sebi](https://longbridge.com/en/news/286886059.md) - [Worried About a Market Crash? 3 Vanguard ETFs Built to Survive](https://longbridge.com/en/news/286880525.md)