Mei Ri Jing Ji Xin Wen·2025-07-16 15:36Core Viewpoint - The performance forecasts for the first half of 2025 from multiple listed securities firms indicate a significant rebound in profitability, driven by increased market activity and robust growth in wealth management and investment income [1][3][7]. Group 1: Performance Forecasts - A total of 27 listed securities firms have released their performance forecasts, with 14 firms expecting a year-on-year net profit increase exceeding 100% [1]. - Huaxi Securities anticipates a net profit range of 4.45 billion to 5.75 billion yuan, reflecting a year-on-year growth of 1025.19% to 1353.90% [1]. - Guolian Minsheng expects a net profit of 11.29 billion yuan, marking a year-on-year increase of 1183.00% [1]. Group 2: Market Activity and Business Growth - The increase in capital market activity has led to substantial growth in wealth management and securities investment income, contributing to the overall performance recovery of several firms [3][4]. - Guojin Securities projects a net profit of 10.92 billion to 11.37 billion yuan, representing a year-on-year increase of 140% to 150% [3]. - Hualin Securities expects a net profit of 2.7 billion to 3.5 billion yuan, with a growth rate of 118.98% to 183.86% [3]. Group 3: Investment Banking and Strategic Developments - Some firms have reported improvements in investment banking performance, contributing positively to their overall results [4]. - Guotai Haitong anticipates a net profit of 152.83 billion to 159.57 billion yuan, with a year-on-year growth of 205% to 218% [5]. - The firm attributes its growth to the successful integration of its operations and a focus on enhancing core capabilities [6]. Group 4: Industry Outlook - The securities industry has undergone a significant transformation since the market bottomed out in September last year, with many firms showing strong growth in their forecasts [7]. - Research institutions are optimistic about the future performance of the securities sector, highlighting a favorable operating environment and potential for valuation recovery [7]. - Key areas of focus for future growth include mergers and acquisitions, wealth management transformation, and innovative business licenses [7].