Hua Xia Shi Bao·2025-06-03 05:03Group 1: Company Restructuring - Guotai Haitong has announced the cancellation of 33 former Haitong Securities branches, completing the renaming process and obtaining new business licenses [1][2] - The integration of Guotai Junan and Haitong Securities is nearing completion, with a focus on cultural integration and operational efficiency [2][4] - The total number of employees at Guotai Haitong is now 18,779, making it the largest in the industry, while the combined employee count of Guotai Junan and Haitong Securities was reduced by approximately 600 [2][4] Group 2: Financial Performance and Dividends - For the 2024 fiscal year, Guotai Haitong plans to distribute a total dividend of 6.258 billion yuan, with a payout ratio of 48.05% [6][7] - The company has initiated a share repurchase plan with a budget of up to 2 billion yuan, aimed at enhancing shareholder value and stabilizing stock prices [7][9] - As of April 30, 2025, Guotai Haitong has repurchased 16.92 million shares, representing 0.096% of its total share capital, with a total expenditure of 284 million yuan [8][9] Group 3: Market Position and Strategy - Guotai Haitong is positioned as a leading player in the brokerage industry, with a focus on integrating operations and enhancing service offerings post-merger [2][5] - The company has successfully issued technology innovation bonds and led the underwriting of several significant listings, showcasing its commitment to innovation and market leadership [5][6] - The ongoing share repurchase activities are expected to provide stability to the A-share brokerage sector, reinforcing investor confidence [9]