GF Securities Co., Ltd. (SHE:000776)

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
Investment Banking	896.38M	785.96M	581.83M	615.69M	435.54M
Investment Banking Growth	14.05%	35.08%	-5.50%	41.36%	-34.28%
Wealth Management	14.07B	10.96B	10.53B	13.37B	13.65B
Wealth Management Growth	28.32%	4.11%	-21.23%	-2.02%	12.04%
Trading and Institutional Business	11.17B	6.97B	3.71B	8.35B	6.87B
Trading and Institutional Business Growth	60.19%	87.98%	-55.56%	21.55%	34.74%
Investment Management	9.24B	7.60B	7.89B	7.68B	12.66B
Investment Management Growth	21.63%	-3.69%	2.73%	-39.34%	21.35%
Others	114.51M	99.79M	586.13M	115.32M	639.83M
Others Growth	14.76%	-82.97%	408.28%	-81.98%	-18.04%
Total	35.49B	26.42B	23.30B	30.13B	34.25B
Total Growth	34.33%	13.40%	-22.67%	-12.03%	17.48%

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
China	33.51B	25.75B	24.26B	-	35.93B
China Growth	30.15%	6.14%	-	-	21.90%
Overseas (Including Hong Kong and Macau)	2.70B	1.35B	664.80M	-	572.99M
Overseas (Including Hong Kong and Macau) Growth	99.85%	103.14%	-	-	-39.21%
Elimination	-712.86M	-673.40M	-1.62B	-	-2.25B
Total	35.49B	26.42B	23.30B	-	34.25B
Total Growth	34.33%	13.40%	-	-	17.48%

Source: S&P Global Market Intelligence.