Guotai Junan sees revenue and profit surge post-Haitong merger

Guotai Junan Securities Co. reported robust performance for the first half of 2025, with total revenue and other income reaching RMB45,432,424 thousand, a 105.18% increase compared to the same period last year. This growth is primarily attributed to its merger with Haitong Securities, which led to a substantial increase in net profit attributable to equity holders of the company by 213.74% to RMB15,737,206 thousand. The merger, completed on March 14, 2025, involved the issuance of 5,985,871,332 A shares and 2,113,932,668 H shares, significantly boosting the company's capital.

Post-merger, the company’s total assets surged to RMB1,804,619,124 thousand, marking a 72.24% increase from the end of last year. This expansion was driven by growth in financial assets at fair value through profit or loss (RMB622,689 thousand) and cash held on behalf of brokerage customers (RMB341,139 thousand). The company's gearing ratio also improved to 75.68%, reflecting enhanced financial stability.

The company's strategic initiatives, including the integration of financial services, technological advancements, and a focus on retail and institutional businesses, have propelled its market leadership. A cash dividend of RMB1.5 per 10 shares (tax inclusive) was declared, underscoring the company's commitment to shareholder returns.