East Money's Half-Year Report: Non-Money Fund Assets Surpass One Trillion for the First Time, No Interim Dividend Declared

Deep News
Aug 22

The momentum behind mutual fund distribution has accelerated sharply in 2026, particularly for distributors that boast significant online traffic platforms.

According to the 2026 semi-annual report released by East Money Information Co., Ltd., its subsidiary Tiantian Fund saw its non-money market fund custody scale reach RMB 1,012 billion by the end of the reporting period, with equity fund custody scale hitting RMB 526 billion. Both metrics marked substantial increases from the start of the year.

For the first half of 2026, the company posted total operating revenue of RMB 10.505 billion, up 53.22% year-on-year, while net profit attributable to shareholders of the listed company reached RMB 8.064 billion, a 44.85% increase. Although its growth rate trails industry leaders like CITIC Securities, it has nonetheless outpaced many regional and traditional offline brokerage firms.

Stock and fund trading volume hits RMB 26.45 trillion

In its securities operations, East Money Securities recorded stock and fund trading volume of RMB 26.45 trillion during the reporting period, reflecting robust year-on-year growth.

Additionally, the company's margin financing and securities lending business has developed steadily, while its asset management arm has tailored products to diverse client needs, rolling out a multi-strategy lineup covering broad fixed income, equities, and FOFs, resulting in a significant expansion of business scale.

For 2026, East Money Securities reported net fee and commission income of RMB 5.955 billion, up 54.78% year-on-year, and net interest income of RMB 2.271 billion, a 58.65% increase.

Tiantian Fund's non-money fund custody scale surges

During the reporting period, Tiantian Fund accelerated its AI application innovation. By the end of the period, the platform had onboarded 164 public fund managers and 24,264 fund products, with non-money market fund custody scale at RMB 1,012 billion and equity fund custody at RMB 526 billion. These figures compare with RMB 770 billion and RMB 450 billion, respectively, at the start of the year, meaning the platform's total scale has crossed the one-trillion-yuan threshold within just six months.

The report also shows that the company's internet financial e-commerce platform, which includes Tiantian Fund, processed a total of 211 million fund subscription and redemption transactions (including regular investments), with fund sales reaching RMB 1.8902 trillion. Of this, non-money fund subscriptions and redemptions accounted for 148 million transactions and RMB 1.2554 trillion in sales. During the reporting period, the financial e-commerce services segment generated operating revenue of RMB 2.085 billion, up 47.22% year-on-year, with a gross margin of 93.28%.

Financial data services revenue reaches RMB 2.273 billion

In financial data services, the company leverages its intelligent financial data terminal as the core platform, delivering professional data services to users through both PC and mobile channels.

During the reporting period, the information technology services segment achieved operating revenue of RMB 2.273 billion, representing a 44.32% year-on-year increase.

Miaoxiang AI and R&D investment of RMB 540 million

On the technology and AI front, the report indicates that the company has built its proprietary Miaoxiang AI as the underlying intelligent foundation, driving digital transformation across all product lines and business segments. It has launched core features such as "Miaoxiang Claw" and "Skill Plaza" to deepen the integration of financial data with AI capabilities. During the reporting period, R&D investment totaled RMB 540 million, up 8.25% year-on-year.

However, on the dividend front, the company has taken a conservative approach, planning no interim cash dividend, no bonus shares, and no capital reserve conversion to increase share capital for the half-year period.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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