Investment Banking and Brokerage

FCSC

FCSC released FY2026 Q1 earnings on April 28 During-Market (BJT), actual revenue CNY 847.87 M, actual EPS CNY 0.05

FCSC released FY2025 Q4 earnings on April 28 After-Market (BJT), actual revenue CNY 698.11 M, actual EPS CNY 0.0177

FCSC released FY2025 Annual Earnings on April 28 After-Market (BJT), actual revenue CNY 3.675 B (forecast CNY 3.584 B), actual EPS CNY 0.2 (forecast CNY 0.2135)

FCSC to Release FY2025 Earnings on April 25 After-Market (BJT), Forecast Revenue CNY 3.584 B, EPS CNY 0.2135

FCSC FY2026 Q1 Earning Release on April 25 During-Market (BJT)

FCSC released FY2025 9 Months earnings on October 30 After-Market (BJT), actual revenue CNY 2.977 B, actual EPS CNY 0.1783

FCSC released FY2025 Q3 earnings on October 30 After-Market (BJT), actual revenue CNY 1.151 B, actual EPS CNY 0.06

FCSC FY2025 Q3 Earnings Release Scheduled for October 31 After-Market BJT

FCSC released FY2025 Q2 earnings on August 27 After-Market (BJT), actual revenue CNY 1.175 B, actual EPS CNY 0.0883

FCSC released FY2025 Semi-Annual earnings on August 27 After-Market (BJT), actual revenue CNY 1.826 B, actual EPS CNY 0.12

FCSC to Release FY2025 Semi-Annual Earnings on August 28, 2025 (BJT)

First 创业 Securities 8 billion yuan small public offering bond project accepted for review

First Capital Securities and Hengfeng Bank Sign Strategic Cooperation Agreement

First Capital Securities States No Plans to Apply for Stablecoin License

First 创业 Plans to Issue 1.2 Billion Yuan Corporate Bonds

First 创业 Plans to Issue Sci-Tech Innovation Corporate Bonds

First 创业 Releases 2024 Annual Report and Investment Banking Business Development Plan

First 创业 Responds to Investors' Concerns on Management, Performance, and Market Value Management

First Capital Issues 2024 Annual Report and Personnel Adjustments

Dongwu Securities Gives First Creation a Buy Rating

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The large financial sector of A-shares saw localized movements, with HTGF hitting the daily limit, and Bohai Leasing, CNPCCCL, FCSC, SWSC, GUOSHENG SECURITIES, and others following the rise

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FCSC's wholly-owned subsidiary, Yi Chuang Investment Bank, has received a notice of case filing from the China Securities Regulatory Commission (CSRC) on October 31, 2025, for allegedly failing to exercise due diligence in the convertible bond project of Hongda Xingye Co., Ltd. in 2019. The CSRC has decided to file a case against it based on the Securities Law and the Administrative Penalty Law and other relevant laws and regulations

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FCSC's subsidiary, Yi Chuang Investment Bank, has been filed for investigation by the China Securities Regulatory Commission

FCSC announced that its revenue for the third quarter was 1.153 billion yuan, a year-on-year increase of 31.48%; net profit was 285 million yuan, a year-on-year increase of 18.23%. Revenue for the first three quarters was 2.985 billion yuan, a year-on-year increase of 24.32%; net profit was 771 million yuan, a year-on-year increase of 20.21%

FCSC: Third quarter net profit of 285 million yuan, a year-on-year increase of 18.23%

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Multiple brokerage companies have renamed their corporate bonds to "Sci-Tech Bonds," with an issuance scale approaching 60 billion yuan this year. Since the first batch of Sci-Tech Bonds was launched in May, the issuance scale by brokerages has steadily increased. Companies such as FCSC, Western Securities, and GF SEC have renamed their issued debts, with funds primarily used for technology innovation investments. Industry insiders expect that, with policy support, the issuance of Sci-Tech Bonds will continue to maintain rapid growth in the future

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Multiple brokerage firms have renamed corporate bonds to "Sci-Tech Bonds," issuing nearly 60 billion yuan this year

FCSC announced that the company's profit distribution plan for the mid-term of 2025 is as follows: based on the existing total share capital of 4.202 billion shares, a cash dividend of 0.10 yuan will be distributed for every 10 shares to all shareholders, with the actual cash dividend distribution amounting to 42.024 million yuan, no bonus shares will be issued, and no capital reserve will be converted into share capital. The equity registration date is September 23, 2025, and the ex-dividend date is September 24, 2025. The recipients of this profit distribution are all shareholders registered with the Shenzhen branch of China Securities Depository and Clearing Corporation Limited

FCSC: In the mid-2025, a dividend of 0.10 yuan will be distributed for every 10 shares

With the recovery of trading and the initial public offering (IPO) market in Hong Kong, small and medium-sized securities firms from mainland China are once again actively expanding their business in Hong Kong this year. Recently, FCSC announced that its board of directors approved the proposal to establish a subsidiary in Hong Kong, tentatively named "FCSC International Financial Holdings Limited." This is also the third small and medium-sized securities firm to announce plans to "settle" in Hong Kong this year. Currently, some securities firms that have already established a presence in Hong Kong are benefiting from the recovery of the Hong Kong stock market this year, showing outstanding performance and an increase in revenue contribution. (Securities Times)

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The Hong Kong stock market is warming up, and small and medium-sized securities firms from the mainland are once again eager to expand their business in Hong Kong

FCSC announced that in the first half of 2025, operating revenue was 1.832 billion yuan, a year-on-year increase of 20.20%; net profit was 486 million yuan, a year-on-year increase of 21.41%. The company plans to distribute a cash dividend of 0.10 yuan for every 10 shares to all shareholders, with no bonus shares and no capital reserve fund conversion to increase share capital

FCSC: Net profit in the first half of 2025 increased by 21.41% year-on-year

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Brokerage stocks continue to strengthen, with Western Securities surging to the daily limit, and GOLDEN DRAGON, BOCIC, FCSC, TF SECURITIES, and HUAXI Securities all climbing

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