Guotai Haitong Securities reports strong interim growth post-merger

Guotai Haitong Securities, formed through the merger of Guotai Junan Securities and Haitong Securities, reported a 105.18% increase in total revenue and other income, reaching 45,432,424 thousand yuan for the first half of 2025 compared to the same period last year. Net profit attributable to equity holders of the company surged by 213.74% to 15,737,206 thousand yuan. The company's total assets grew by 72.24% to 1,804,619,124 thousand yuan, while total liabilities increased by 68.73% to 1,468,378,325 thousand yuan, as of June 30, 2025, compared to the end of last year.

The company's business management wealth segment saw a 71.83% increase in revenue, contributing 36.51% to total revenue, reaching 16,587,484 thousand yuan. Institutional and trading business revenue increased by 50.91% to 12,840,592 thousand yuan, making up 28.26% of total revenue. Net cash used in operating activities was 12,699,159 thousand yuan, while net cash generated from investing activities amounted to 75,727,620 thousand yuan.

In capital changes, total registered capital increased to 17,629,708,696 yuan as of June 30, 2025. The company's share repurchase program, completed on July 9, 2025, involved 67,516,831 A shares at a total cost of 1,210,734,496.98 yuan. The company's gearing ratio stood at 75.68%, a 2.01 percentage point decrease from the previous year-end.