哈投股份上半年净利润同比增长233.08%，证券业务贡献显著

Core Insights - The company reported significant growth in net profit and revenue for the first half of 2025, driven by its securities business and reduced credit impairment losses [1][2][3] Financial Performance - Total revenue for the first half of 2025 reached 1.475 billion yuan, a year-on-year increase of 1.12% [1] - Net profit attributable to shareholders was 380 million yuan, reflecting a substantial year-on-year growth of 233.08% [1] - The net profit after excluding non-recurring gains was 361 million yuan, showing a remarkable increase of 436.42% [1] - Basic earnings per share stood at 0.18 yuan [1] Business Segments Thermal Power Business - The thermal power segment generated an electricity output of 19.777 million kWh, a decrease of 513,000 kWh or 2.53% compared to the previous year [2] - Electricity sales amounted to 11.024 million kWh, an increase of 378,000 kWh or 3.55%, achieving 59.91% of the annual target [2] - Total heat supply was 1,135 million GJ, down by 53 million GJ or 4.46%, completing 57.61% of the annual plan [2] - The thermal power business contributed a total profit of 109 million yuan, with a net profit attributable to shareholders of 123 million yuan [2] Securities Business - Jianghai Securities, the company's subsidiary, achieved total revenue of 726 million yuan, a year-on-year increase of 81.17% [3] - Operating expenses were 362 million yuan, a decrease of 6.80% [3] - Total profit reached 363 million yuan, marking a staggering increase of 2859.98% [3] - Net profit attributable to the parent company was 288 million yuan, up by 1311.60% [3] - Brokerage business revenue was 209 million yuan, increasing by 21.11% [3] - Proprietary trading revenue was 406 million yuan, reflecting a growth of 211.77% [3] Strategic Initiatives - The company aims to strengthen its dual business model of thermal power and securities, focusing on optimizing heat supply and integrating resources [2] - Ongoing projects include the renovation of the Harbin Thermal Power Plant, which is expected to enhance market position and expand development opportunities [2]