Is the prosperity cycle for the brokerage sector here? CITIC Securities, Changjiang Securities, and Zhongtai Securities all forecast growth on the same day!

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The pace of performance growth for securities firms continues.

On the evening of July 10, CITIC Securities, Changjiang Securities, and Zhongtai Securities each released performance forecasts.

CITIC Securities's mid-year 2026 performance forecast states that the company expects to achieve a net profit attributable to parent company shareholders of 23.343 billion yuan in the first half of 2026, an increase of 69.59% year-on-year.

Changjiang Securities's mid-year 2026 performance forecast states that net profit attributable to parent company shareholders in the first half is expected to be between 3.126 billion and 3.3 billion yuan, an increase of 80%-90% compared to the same period last year.

Zhongtai Securities shows the most significant growth momentum, with its announcement stating that net profit attributable to parent company shareholders in the first half is expected to be 1.752 billion yuan, an increase of 146.31% compared to the same period last year.

The joint performance growth predictions of these three securities firms highlight the strong performance momentum of the sector in the first half of this year.

Zhongtai Securities: Reasons for Significant Increase

Zhongtai Securities' growth announcement explains the reasons for this substantial performance increase quite clearly.

The announcement states that 2026 is the start of the "Fifteenth Five-Year Plan", and in the first half the capital market remained stable and positive. The company anchored itself to the goal of building a "seven first-class" securities firm, focused on the primary task of high-quality development, and continually deepened and refined the five key articles in finance.

Specifically, the company adhered to quality management and operational efficiency requirements, promoted steady development across all areas, and wealth management, investment trading, asset management, investment banking businesses all saw year-on-year income growth, resulting in a significant overall improvement in business performance.

From the description, wealth management and the two investment businesses are important contributors to the company's substantial growth. Investment banking, as a key business driving growth, also plays a very important role.

Changjiang Securities: Emphasis on Seizing Opportunities

Compared to Zhongtai, Changjiang Securities' explanation of its performance growth is more summarized, with emphasis on alignment with national policy. However, its mention of seizing market opportunities and enhancing overall strength is fairly unique.

Changjiang Securities' forecast states that in the first half of 2026, the capital market maintained a good development trend. The company focused on building a first-class investment bank, targeted the "four service functions" of serving the real economy, serving technological innovation, serving social wealth management, and serving major regional strategies; seized market opportunities, enhanced overall strength, steadily developed various businesses, with net profit attributable to parent shareholders expected to rise by 80%-90% year-on-year.

Profits nearly doubled but the announcement describes business as developing steadily. Changjiang Securities' wording is also "steady."

Industry Leader CITIC Securities: "Strong Ship, Fast Oars"

As the leading securities firm in the industry, CITIC Securities’ performance growth attracts special attention. While its growth rate isn't the fastest, its profit is certainly the largest in the industry.

Unlike the other two firms, CITIC Securities' forecast emphasizes its comprehensive business capabilities. This comprehensive ability is a key reflection of its "strong ship and fast oars."

CITIC Securities states that in the first half of 2026, the capital market remained stable and positive, and market activity stayed high. Facing new opportunities and challenges for the high-quality development of capital markets, CITIC Securities always regards promoting capital market functionality and serving high-quality economic development as its mission, diligently advances the five key financial articles, anchors the goal of accelerating the development of a first-class investment bank and investment institution, deeply promotes its international strategic layout, firmly adheres to customer-oriented management, strengthens technological enablement to lead development, continually improves the overall financial service level, promotes coordinated force across all businesses, and grows steadily, with performance reaching a historic high for the period.

Overall, as trading activity rises in domestic markets and foreign markets heat up, the securities sector has seen many opportunities for business development this year. Signs indicate that another upward cycle for domestic securities firms may already be underway.

Risk Warning and DisclaimerThe market involves risks, investment requires caution. This article does not constitute personal investment advice, nor does it take into account the unique investment goals, financial situation, or needs of individual users. Users should consider whether any opinions, viewpoints, or conclusions in this article are appropriate for their specific circumstances. Investment is at your own risk. ```