Financial Performance - In the first half of 2025, Guotai Haitong reported operating revenue of 23.87 billion yuan, a year-on-year increase of 77.71% [2][3] - The net profit attributable to shareholders reached 15.74 billion yuan, reflecting a significant year-on-year growth of 213.74% [2] - Major business segments showed expansion, with wealth management revenue at 9.77 billion yuan (up 92.35%), investment banking revenue at 1.41 billion yuan (up 20.47%), institutional and trading revenue at 6.86 billion yuan (up 55.54%), and investment management revenue at 3.08 billion yuan (up 44.26%) [2][3] Wealth Management and Client Growth - Wealth management business experienced nearly double growth, with the number of domestic personal accounts increasing to 38.45 million, a 4.2% rise from the previous year [4] - The number of affluent and high-net-worth clients grew by 6.8%, and the assets under customized services increased by 57.7% [4] - The average monthly active users of the Junhong APP and Tongcai APP reached 15.58 million, a 9.6% increase [5] Margin and Cost Analysis - The overall gross margin for wealth management was 52.16%, while the investment banking segment had a gross margin of 13.38% [3] - Operating expenses increased by 62.18 billion yuan, with a total of 13.15 billion yuan in operating costs, leading to a significant increase in total expenses by 89.69% [10] Investment Banking Performance - Guotai Haitong's investment banking business saw a domestic underwriting amount of 708.18 billion yuan, a year-on-year increase of 18.7%, securing a market share of 11.95% [7] - The equity underwriting amount reached 125.32 billion yuan, a staggering increase of 1315.8%, with a market share of 18.6% [7][8] - The company ranked first in the number of IPO underwriting cases, with 7 cases and an underwriting amount of 4.80 billion yuan [8] Financing and Margin Trading - The number of new margin trading clients increased by 61%, with a total margin trading balance of 180.996 billion yuan, capturing a market share of 9.78% [6] - The company plans to enhance customer acquisition efforts in the second half of the year to improve conversion rates [6] Asset Management and Fund Performance - The three public fund companies under Guotai Haitong reported asset management growth, with Huashan Fund managing 822.51 billion yuan (up 6.5%), and Hai Futong Fund managing 497.66 billion yuan (up 10.0%) [9] - The net profit for the three funds showed mixed results, with the highest being 0.924 billion yuan for the Fortune Fund, reflecting a 19.46% increase [9]

国泰海通8月29日披露半年报，公司上半年实现营业收入238.72亿元，同比增长77.71%；归属于母公司 所有者的净利润157.37亿元，同比增长213.74%；基本每股收益1.11元。 ...

上半年，国泰海通机构与交易业务实现营业收入68.61亿元，同比增长55.54%。报告期内，国泰海通核 心客户研究排名创历史新高，QFI股基交易额5.07万亿元，同比增长100%；道合销售通保有规模931.22 亿元，较上年末增长21.5%；ETF做市交易规模同比增长124.6%，投资三大先导基金4.2亿元。 上半年，国泰海通投资管理业务实现营业收入30.78亿元，同比增长44.26%。截至2025年6月末，华安基 金、海富通基金、富国基金管理资产规模分别为8225.06亿元、4976.56亿元、1.79万亿元，国泰海通所 属资产管理业务管理规模达到7051.93亿元，均较上年末实现增长；完成硬科技投资项目37个，投资金 额22.6亿元。 炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 8月29日晚间，国泰海通发布2025年半年度报告。上半年，国泰海通实现营业收入238.72亿元，同比增 长77.71%；归属于母公司所有者的净利润157.37亿元，同比增长213.74%；归属于母公司所有者的扣除 非经常性损益的净利润72.79亿元，同比增长59.76%。 值得关注的是，国泰海通还披露了 ...

Core Viewpoint - Guotai Junan's 2025 interim report highlights significant growth in revenue and profit, driven by the integration of its business operations and a focus on various financial sectors [1][6]. Revenue and Profit Growth - In the first half of 2025, Guotai Junan achieved operating revenue of 23.872 billion yuan, a year-on-year increase of 78% [1] - The net profit attributable to shareholders reached 15.737 billion yuan, up 214% year-on-year [1] - The net profit after deducting non-recurring gains and losses was 7.279 billion yuan, reflecting a 60% increase [1] Business Segment Performance - Wealth management revenue was 9.772 billion yuan, a 92% increase year-on-year, with 38.45 million personal accounts, a 4% growth [2] - Investment banking revenue reached 1.41 billion yuan, up 20% year-on-year, with a domestic underwriting amount of 708.182 billion yuan, a 19% increase [2] - Institutional and trading business revenue was 6.861 billion yuan, a 56% increase, with QFI stock trading volume reaching 5.07 trillion yuan, doubling year-on-year [3] - Investment management revenue was 3.078 billion yuan, a 44% increase, with total assets under management for major funds growing significantly [3] - Financing leasing revenue was 2.109 billion yuan, with a profit margin of 42.66% and a non-performing asset ratio of 1.16% [3] Integration and Strategic Development - The company has successfully completed its merger and is actively pursuing new strategies and cultural integration to enhance operational efficiency [4] - Key management and organizational restructuring have been implemented to align with the new corporate structure [4] - The company is focusing on unifying customer management standards and enhancing compliance and risk control measures [4] Financial Initiatives - Guotai Junan is committed to various financial initiatives, including technology finance, green finance, inclusive finance, pension finance, and digital finance, achieving notable results in each area [6][7] - The company has established a significant fund matrix for technology innovation and has been a leader in green bond underwriting [6][7] Future Outlook - The company aims to become a leading investment bank with international competitiveness, focusing on customer-centric services and continuous improvement in core capabilities [7]

（记者 王晓波） 截至发稿，国泰海通市值为3697亿元。 每经头条（nbdtoutiao）——近120个品牌、1600辆车逐鹿西南！下半年国内首个A级车展开幕：新能 源"第三极"将改写车市格局 每经AI快讯，国泰海通（SH 601211，收盘价：20.97元）8月29日晚间发布公告称，公司第七届第六次 董事会会议于2025年8月29日在公司召开。会议审议了《关于公司部分高级管理人员2024年度考核结果 的议案》等文件。 2025年1至6月份，国泰海通的营业收入构成为：证券经纪业务占比40.93%，机构金融占比28.74%，资 产管理业务占比12.89%，国际业务占比8.83%，投资银行业务占比5.91%。 ...

Core Viewpoint - The announcement by Guotai Junan (02611.HK) highlights significant growth in total revenue and profit for the first half of 2025, indicating strong performance and market leadership in the Chinese securities industry [1] Financial Performance - The group achieved total revenue and other income of RMB 45.432 billion, representing a year-on-year increase of 105.18% [1] - Profit attributable to equity holders of the company reached RMB 15.737 billion, marking a year-on-year increase of 213.74% [1] - Basic earnings per share stood at RMB 1.11 [1] Business Structure and Strategy - The company has developed a customer-driven service system catering to retail, institutional, and corporate clients [1] - Key business segments include wealth management, investment banking, institutional and trading services, investment management, and financing leasing [1] - The primary revenue model is based on fees and commissions from financial products and services, interest income, and investment gains from securities or equity investments [1] Industry Position - The group is recognized as a leading comprehensive financial service provider in the Chinese securities industry, maintaining a strong position throughout various market cycles [1] - The company has consistently demonstrated leadership in capital scale, profitability, business strength, and risk management capabilities within the industry [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示概不對因本公告全部或任何部份內容而產生或因倚賴 該等內容而引致之任何損失承擔任何責任。 國泰海通證券股份有限公司 Guotai Haitong Securities Co., Ltd. （於中華人民共和國註冊成立的股份有限公司） （股份代號：02611） 海外監管公告 本公告乃由國泰海通證券股份有限公司（「本公司」）根據香港聯合交易所有限公司 證券上市規則第13.10B條作出。 茲載列本公司於上海證券交易所網站發佈的以下公告，僅供參閱。 1 1. 國泰海通證券股份有限公司獨立董事工作制度 2. 國泰海通證券股份有限公司董事和高級管理人員持有本公司股份及變動管理 辦法 3. 國泰海通證券股份有限公司關聯交易管理辦法 4. 國泰海通證券股份有限公司募集資金使用管理辦法 5. 國泰海通證券股份有限公司內幕信息知情人登記管理制度 承董事會命 國泰海通證券股份有限公司 朱健 董事長 中國上海 2025年8月29日 截至本公告日期，本公司的執行董事為朱健先生、李俊傑先生以及聶小剛先生； 本公司的非執行董 ...

董事會薪酬考核與提名委員會工作規則1 第一章 總則 第一條 為保障國泰海通證券股份有限公司（以下簡稱「公司」）董事會薪酬考 核與提名委員會（以下簡稱委員會）依法獨立、規範、有效地行使職權，完善公司 治理結構，確保本委員會的工作效率和科學議事，根據《中華人民共和國公司法》 《中華人民共和國證券法》《證券公司監督管理條例》《上市公司治理準則》《證券公 司治理準則》《香港聯合交易所有限公司證券上市規則》等有關法律、法規、部門 規章、規範性文件以及公司股票上市地上市規則（以下合稱相關規則）和《國泰海 通證券股份有限公司章程》（以下簡稱《公司章程》）的規定，結合公司實際情況， 制定本規則。 第二條 委員會是董事會下設的專門委員會，對董事會負責，向董事會報告 工作。 第二章 人員構成與組織機構 第三條 委員會由三名以上董事組成，委員會成員應當具有與委員會職責相 適應的專業知識和工作經驗，其中獨立董事應佔多數；委員會需委任至少一名不 同性別的董事；委員會委員由董事長提名，報董事會批准。 第四條 委員會設主任委員一名，由獨立董事委員擔任。主任委員由董事長 提名，報董事會批准。 國泰海通證券股份有限公司 第五條 委員的任期與該 ...

國泰海通證券股份有限公司 董事會薪酬考核與提名委員會工作規則1 第一章 總則 第一條 為保障國泰海通證券股份有限公司（以下簡稱「公司」）董事會薪酬考 核與提名委員會（以下簡稱委員會）依法獨立、規範、有效地行使職權，完善公司 治理結構，確保本委員會的工作效率和科學議事，根據《中華人民共和國公司法》 《中華人民共和國證券法》《證券公司監督管理條例》《上市公司治理準則》《證券公 司治理準則》《香港聯合交易所有限公司證券上市規則》等有關法律、法規、部門 規章、規範性文件以及公司股票上市地上市規則（以下合稱相關規則）和《國泰海 通證券股份有限公司章程》（以下簡稱《公司章程》）的規定，結合公司實際情況， 制定本規則。 第二條 委員會是董事會下設的專門委員會，對董事會負責，向董事會報告 工作。 第二章 人員構成與組織機構 第三條 委員會由三名以上董事組成，委員會成員應當具有與委員會職責相 適應的專業知識和工作經驗，其中獨立董事應佔多數；委員會需委任至少一名不 同性別的董事；委員會委員由董事長提名，報董事會批准。 第四條 委員會設主任委員一名，由獨立董事委員擔任。主任委員由董事長 提名，報董事會批准。 第五條 委員的任期與該 ...

Group 1 - The core viewpoint of the news is that Guotai Junan (601211)(02611) reported significant growth in its mid-year performance for 2025, with total revenue and other income reaching approximately RMB 454.32 billion, a year-on-year increase of 105.18% [1] - The profit attributable to equity holders for the period was approximately RMB 157.37 billion, reflecting a year-on-year growth of 213.74%, with basic earnings per share at RMB 1.11 [1] - The breakdown of revenue sources includes commission income of RMB 145.35 billion, accounting for 31.99% of total revenue, which increased by 64.40% year-on-year, primarily driven by growth in brokerage business [1] - Interest income amounted to RMB 121.90 billion, representing 26.83% of total revenue, with a year-on-year increase of 64.35%, mainly due to the absorption of new leasing business from the merger with Haitong Securities and increased interest income from margin financing and debt instruments [1] - Net investment income was RMB 93.52 billion, making up 20.59% of total revenue, with an 86.05% year-on-year increase, primarily from fair value measurement of financial instruments [1] Group 2 - As of June 30, 2025, the total assets of the group reached RMB 18,046.19 billion, an increase of 72.24% compared to the end of the previous year [2] - The total liabilities amounted to RMB 14,683.78 billion, reflecting a year-on-year increase of 68.73% [2] - The total equity stood at RMB 3,362.41 billion, which is an increase of 89.46% from the end of the previous year [2] - The asset-liability ratio of the group was 75.68%, a decrease of 2.01 percentage points compared to the end of the previous year, indicating a reasonable debt structure with no overdue debts [2] - The group's operational performance is strong, with good profitability and both short-term and long-term debt repayment capabilities [2]