Shares of GF Securities Co., Ltd. (01776.HK) soared 5.94% on Wednesday morning, following the release of the company's impressive third-quarter earnings report.

For the three months ended September 30, the Chinese securities brokerage firm reported a net profit attributable to owners of 2.40 billion yuan ($333 million), an 89% increase from the same period last year. Revenue for the quarter also climbed 54% year-over-year to 7.36 billion yuan.

The strong financial performance was warmly welcomed by investors, driving GF Securities' stock up nearly 6% in Hong Kong trading. Analysts attributed the robust earnings to the company's successful efforts in expanding its business and capitalizing on China's recovering financial markets.