Guolian Minsheng Securities Co., Ltd. (HKG:1456)

Revenue by Segment

Financials in millions CNY. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016
Proprietary Trading	3.03B	902.75M	1.37B	1.16B	1.32B
Proprietary Trading Growth	235.23%	-34.30%	18.96%	-12.36%	95.25%
Investment Banking	991.09M	350.88M	543.25M	526.14M	591.25M
Investment Banking Growth	182.46%	-35.41%	3.25%	-11.01%	63.13%
Asset Management and Investment	747.19M	718.52M	470.42M	196.47M	261.43M
Asset Management and Investment Growth	3.99%	52.74%	139.43%	-24.85%	150.88%
Others	902.97M	485.27M	325.06M	292.84M	198.50M
Others Growth	86.07%	49.29%	11.00%	47.53%	202.07%
Brokerage and Wealth Management	3.69B	1.20B	968.96M	1.05B	1.16B
Brokerage and Wealth Management Growth	206.11%	24.36%	-7.57%	-9.37%	23.20%
Credit Transactions	1.04B	596.55M	718.39M	724.78M	733.93M
Credit Transactions Growth	75.01%	-16.96%	-0.88%	-1.25%	26.29%
Elimination	-84.18M	-57.34M	-21.14M	-16.41M	-32.07M
Total	10.32B	4.20B	4.38B	3.93B	4.23B
Total Growth	145.52%	-4.05%	11.51%	-7.11%	57.90%

Revenue by Geography

Financials in millions CNY. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016
People's Republic of China (PRC)	8.58B	2.88B	3.13B	2.84B	3.28B
People's Republic of China (PRC) Growth	197.71%	-8.02%	10.45%	-13.52%	56.94%
Total	8.58B	2.88B	3.13B	2.84B	3.28B
Total Growth	197.71%	-8.02%	10.45%	-13.52%	56.94%

Source: S&P Global Market Intelligence.