Haitong Securities(600837)2025-01-24 11:10Financial Performance - The company expects a net profit of approximately -3,400 million RMB for the year 2024, indicating a loss compared to the previous year[3] - The estimated net profit attributable to the parent company, excluding non-recurring gains and losses, is approximately -3,700 million RMB for 2024[4] - In the previous year, the total profit was 1,565.88 million RMB, with a net profit attributable to the parent company of 1,008.41 million RMB[5] Investment and Market Conditions - The company experienced a significant decline in the valuation of overseas financial assets, leading to reduced investment income and fair value changes[6] - The domestic market saw a decrease in equity financing scale, resulting in lower investment banking revenue for the company[6] Business Stability and Strategy - The company maintains a stable business and financial condition, with a good asset-liability structure and ample liquidity[7] - The merger with Guotai Junan Securities is seen as an opportunity to enhance core functions and competitiveness[7] Regulatory and Compliance - The performance forecast data has not been audited by an accounting firm, but there are no significant uncertainties affecting its accuracy[8] - The company plans to submit an application for voluntary delisting following the merger process with Guotai Junan[9]