Guotai Haitong Securities projects significant profit growth for Q1 2025

Guotai Haitong Securities (HKEX: 2611) has announced projected substantial profit growth for the first quarter of 2025. The company estimates net profit attributable to owners of the parent company to range from RMB11.201 billion to RMB12.445 billion, reflecting a year-on-year increase of 350% to 400%. Net profit attributable to owners, excluding non-recurring items, is projected to increase by 45% to 65%, reaching between RMB2.973 billion and RMB3.383 billion. The company credits this growth to proactively seizing market opportunities and the successful construction of customer service systems, as well as the progress of the merger with Haitong Securities Co., Ltd. The merger, finalized on March 14, 2025, has contributed to the increase through negative goodwill. The company also cited improvements in core businesses such as wealth management and trading and investment for driving the projected growth. These figures are preliminary and unaudited.