The net earnings of 22 Chinese brokerage firms rose by almost 400 percent in the first half of 2015. However, the value of their shares were not spared by the downtrend in the Chinese stock market.

Xinhua reported that the country's brokers earned a net income of almost 85 billion yuan (roughly equal to $14 billion) during the first 6 months of 2015.

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The gross profit of the brokerage firms went up by almost 300 percent or the equivalent of around 174 billion yuan compared to the first half of 2014.

The net worth of the brokerage firms is estimated to be around 767 billion yuan or an increase of more than 45 percent compared to their 2014 valuation, Cihan reported.

According to the China Securities Journal, the top earning brokerage firms include Everbright Securities, China Merchant, and CITIC Securities.

The Sydney Morning Herald reported, however, that most of the listed Chinese brokerage firms have seen the value of their stocks drop significantly and may decline further still.

Shares of 21 Chinese securities companies have lost 17 percent of their value in tradings last week. Compared to American brokerage firms such as Morgan Stanley and Goldman Sachs, many Chinese brokers are still trading at price per book ratio of around 3.35. Book value is the net amount left if all company assets are sold at current fair market price.

Hong Kong-based Core Pacific Yamaichi lead researcher Castor Pang cautioned that share prices of many Chinese securities firm will likely continue to fall in the coming months until the next bull run comes along.

In 2015, China's stock market began the longest bull run in its history. The Shanghai stock index had increased in value by at least 152 percent by June 12. After that, however, the index fell by around 32 percent.

Chinese authorities tried to stop the decline in the stock market, but the measures they employed only triggered more investors to sell. The stocks of Chinese securities firms also suffered along with the rest of China's stocks. Chinese brokers have pledged to support the stock market by using a part of their net assets to purchase shares amounting to 120 billion yuan (roughly $19 billion).

TagsChina stock market, Shanghai Composite Index, Chinese brokers, China stock index, China Stock Exchange, Everbright securities, china merchant securities, Citic Securities