002939.SHE China Great Wall Securities Co Ltd Class A
- Market cap
- CNY 29.9B
- P/E
- 12.6x
- P/B
- 0.87x
- ROE
- 7.6%
- Dividend yield
- 5.27%
- Fundamental score
- -
Ratios use the latest price and the current fiscal year annualized from 3 quarters up to Sep 2026.
Is 002939.SHE undervalued?
Graham number002939.SHE trades 30.4% below its Graham number.
Graham number = √(22.5 × EPS × book value per share): the most a defensive investor should pay according to Benjamin Graham. An estimate, not a recommendation to buy or sell. How is it calculated?
China Great Wall Securities Co Ltd Class A fundamental analysis
No fundamental analysis for China Great Wall Securities Co Ltd Class A yet.
China Great Wall Securities Co Ltd Class A stock price
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About China Great Wall Securities Co Ltd Class A
China Great Wall Securities Co.,Ltd. engages in the securities brokerage business in China. It operates through five segments: Wealth Management Business, Investment Banking Operations, Asset Management Business, Securities Investment and Trading Business, and Others. The company offers wealth management services, such as securities brokerage, financial product sales, futures brokerage, margin trading, repurchase agreements and stock-pledged repurchase, investment consulting…
Full company profileChina Great Wall Securities Co Ltd Class A financial statements
2026 annualized: Fiscal year 2026 is not finished. Income statement and cash flow are annualized from 3 quarters up to Sep 30, 2026, the balance sheet is the latest quarter. Figures change when the annual report is published.
China Great Wall Securities Co Ltd Class A annual financial statements (CNY; K = thousand, M = million, B = billion, T = trillion)
| Item | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 Anlz |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||
| Revenue | 3.28B | 2.73B | 3.53B | 4.60B | 7.56B | 8.49B | 3.82B | 5.06B | 5.06B | 4.39B | 4.39B |
| Gross Profit | 3.28B | 2.73B | 2.57B | 3.65B | 6.39B | 6.99B | 2.37B | 3.31B | 3.45B | - | - |
| Operating Income | 1.16B | 1.08B | 682M | 1.20B | 1.83B | 2.17B | 821M | 1.54B | 1.80B | - | - |
| EBITDA | 1.23B | 1.13B | 738M | 1.26B | 1.89B | 2.37B | 1.02B | 1.72B | 2.00B | - | - |
| Net Income | 973M | 890M | 586M | 992M | 1.50B | 1.77B | 899M | 1.44B | 1.58B | 2.35B | 2.51B |
| EPS | 0.35 | 0.32 | 0.21 | 0.32 | 0.48 | 0.57 | 0.26 | 0.35 | 0.39 | 0.58 | 0.62 |
| Balance Sheet | |||||||||||
| Total Assets | 43.6B | 43.5B | 48.4B | 59.1B | 72.7B | 92.7B | 100B | 116B | 123B | 135B | 142B |
| Total Liabilities | 29.7B | 29.0B | 31.7B | 41.7B | 54.2B | 72.6B | 72.2B | 86.6B | 92.8B | 103B | 108B |
| Shareholders' Equity | 13.8B | 14.4B | 16.5B | 16.9B | 18.0B | 19.6B | 27.6B | 28.6B | 30.0B | 31.9B | 33.2B |
| Cash & Short-term Investments | 25.6B | 22.4B | 20.3B | 28.7B | 40.4B | 85.2B | 92.4B | 107B | 110B | 72.5B | 71.5B |
| Total Debt | 3.31B | 6.75B | 9.78B | 15.0B | 23.5B | 31.8B | 30.6B | 38.5B | 39.3B | - | - |
| Cash Flow | |||||||||||
| Operating Cash Flow | -3.29B | -6.14B | -4.18B | -2.69B | -4.77B | -1.23B | -6.77B | -4.72B | 13.3B | 7.54B | 5.19B |
| Capital Expenditure | 70.9M | 70.8M | 69.0M | 157M | 94.2M | 83.8M | 84.8M | 108M | 88.8M | 111M | 91.4M |
| Free Cash Flow | -3.36B | -6.21B | -4.25B | -2.85B | -4.86B | -1.31B | -6.86B | -4.83B | 13.2B | 7.43B | 5.10B |
| Ratios | |||||||||||
| ROE | 7.0% | 6.2% | 3.5% | 5.9% | 8.3% | 9.0% | 3.3% | 5.0% | 5.3% | 7.4% | 7.6% |
| ROA | 2.2% | 2.0% | 1.2% | 1.7% | 2.1% | 1.9% | 0.9% | 1.2% | 1.3% | 1.7% | 1.8% |
| Net Profit Margin | 29.6% | 32.5% | 16.6% | 21.6% | 19.9% | 20.8% | 23.6% | 28.4% | 31.2% | 53.6% | 57.2% |
| Debt to Equity | 0.24x | 0.47x | 0.59x | 0.88x | 1.30x | 1.62x | 1.11x | 1.35x | 1.31x | - | - |
What these items mean
- Revenue
- Total sales of goods and services in the period.
- Gross Profit
- Revenue minus the direct cost of producing what was sold.
- Operating Income
- Profit from the core business after operating expenses.
- EBITDA
- Earnings before interest, taxes, depreciation and amortization.
- Net Income
- Profit left for shareholders after all expenses, interest and taxes.
- EPS
- Net income divided by shares outstanding.
- Total Assets
- Everything the company owns.
- Total Liabilities
- Everything the company owes.
- Shareholders' Equity
- Assets minus liabilities: the book value that belongs to shareholders.
- Cash & Short-term Investments
- Cash and investments that can be turned into cash quickly.
- Total Debt
- Short and long-term borrowings.
- Operating Cash Flow
- Cash generated by the core business.
- Capital Expenditure
- Cash spent on property, plant and equipment.
- Free Cash Flow
- Operating cash flow minus capital expenditure: cash left for dividends, buybacks or debt repayment.
- ROE
- Return on equity: net income divided by shareholders' equity.
- ROA
- Return on assets: net income divided by total assets.
- Net Profit Margin
- Net income as a share of revenue.
- Debt to Equity
- Total debt divided by shareholders' equity.
China Great Wall Securities Co Ltd Class A dividends
- Dividend yield
- 5.27%
- Forward dividend
- 0.20 CNY
- Payout ratio
- 67.1%
- Ex-dividend date
- Jul 21, 2026
| Fiscal year | Dividends paid | Per share | Payout ratio |
|---|---|---|---|
| 2025 | CNY 1.58B | 0.39 | 67.1% |
| 2024 | CNY 1.67B | 0.41 | 105.5% |
| 2023 | CNY 1.27B | 0.31 | 88.0% |
| 2022 | CNY 1.42B | 0.41 | 158.2% |
| 2021 | CNY 1.15B | 0.37 | 65.2% |
| 2020 | CNY 960M | 0.31 | 63.9% |
| 2019 | CNY 1.03B | 0.33 | 103.5% |
| 2018 | CNY 331M | 0.12 | 56.5% |
| 2017 | CNY 506M | 0.18 | 56.9% |
From the cash flow statement: dividends paid in the fiscal year, divided by that year's shares outstanding. Payout ratio = dividends paid / net income.
Who owns China Great Wall Securities Co Ltd Class A
- Insiders 69.83%
- Institutions 4.29%
- Public & others 25.88%
- Shares outstanding 4.03B
- Free float 1.71B
China Great Wall Securities Co Ltd Class A company profile
- Company name
- China Great Wall Securities Co Ltd Class A
- Ticker
- 002939.SHE
- ISIN
- CNE100003GD0
- Exchange
- Shenzhen Stock Exchange
- Sector
- Financial Services
- Industry
- Capital Markets
- Employees
- 3,250
- Fiscal year end
- December
- Address
- South Tower, Energy Building, Shenzhen, China, 518033
- Phone
- 86 75 5835 16072
- Website
- cgws.com
About China Great Wall Securities Co Ltd Class A
China Great Wall Securities Co.,Ltd. engages in the securities brokerage business in China. It operates through five segments: Wealth Management Business, Investment Banking Operations, Asset Management Business, Securities Investment and Trading Business, and Others. The company offers wealth management services, such as securities brokerage, financial product sales, futures brokerage, margin trading, repurchase agreements and stock-pledged repurchase, investment consulting, and other services. It also provides investment banking services, including equity financing, debt financing, and financial advisory services; asset management services; investment and trading of fixed-income securities, stocks, financial derivatives, etc. The company was founded in 1995 and is based in Shenzhen, China.
China Great Wall Securities Co Ltd Class A management
6- Mr. Zhongshan ZhouPresident & Financial Officer · born 1974
- Mr. Nan XuChief Information Officer · born 1981
- Ms. Xinqian ZhaoVP, Compliance Director & Chief Risk Officer · born 1982
- Mr. Zhi ZengVice President · born 1975
- Ms. Lifang LiVice President · born 1975
- Ms. Huixian RuanBoard Secretary & Head of Accounting · born 1982