Huatai Securities forecasts strong profit growth in first quarter

Huatai Securities (HKEX:6886) announced its estimated growth for the first quarter of 2025, forecasting a substantial increase in net profit attributable to owners of the parent company. The company projects profits to range between RMB3,437 million and RMB3,666 million, representing a 50% to 60% increase compared to the same period last year. Excluding non-recurring gains and losses, the estimated net profit is projected to be between RMB3,471 million and RMB3,695 million, indicating a 55% to 65% rise. The growth is attributed to the company's "two-pronged" development strategy empowered by technology, enhanced platform operations, and strong performance across all major business lines, including wealth management, institutional services, and investment management. The preliminary results are subject to final review, and investors are advised to exercise caution.