Guotai Haitong’s Q3 income, profit soar after merger

Guotai Haitong Securities Co., Ltd. announced substantial financial growth in its unaudited 2025 Third Quarterly Report. Operating income surged by 136.00% to 22.02bn yuan for the third quarter and 101.60% to 45.89bn yuan year-to-date. Net profit attributable to equity holders also increased by 40.60% to 6.34bn yuan for the quarter and 131.80% to 22.07bn yuan year-to-date. This expansion is primarily attributed to the merger with Haitong Securities, which expanded business scale, investment gains, and fee income.

Total assets grew by 91.74% to 2,008.93bn yuan, and equity attributable to equity holders increased by 89.81% to 324.14bn yuan. The company also reported an asset impairment provision of 2.38bn yuan from January to September 2025, comprising 2.33bn yuan for credit loss expense and 48.75m yuan for other asset impairment losses. This provision is primarily linked to the integration of Haitong Securities’ leasing business. The audit committee and board approved this provision, confirming its compliance with accounting standards and prudence.