国盛金控上半年净利润涨超300%，证券经纪业务“挑大梁”

Core Insights - Guosheng Jin控 reported a significant increase in revenue and net profit for the first half of 2025, with total revenue reaching 1.136 billion yuan, a year-on-year growth of 32.10%, and net profit of 209 million yuan, up 369.91% [2][4]. Financial Performance - The company achieved total revenue of 1.136 billion yuan in H1 2025, marking a 32.10% increase compared to the previous year [2]. - The net profit attributable to shareholders was 209 million yuan, reflecting a substantial growth of 369.91% year-on-year [2]. - Guosheng Securities (standalone) generated total revenue of 1.082 billion yuan, with a year-on-year increase of 32.52% [4]. Business Segments - Brokerage business remains a major contributor, accounting for 59.83% of total revenue, with income from this segment reaching 554 million yuan, a growth of 20.88% [10]. - Investment banking revenue saw a remarkable increase of 127.68%, totaling 29.87 million yuan, with its share of total revenue rising from 1.54% to 3.22% [10]. - Non-brokerage business revenue surged to 3.71 million yuan, a staggering increase of 152.80 times year-on-year, primarily due to gains from equity investments [6]. Asset Growth - Total assets increased by 8.12% compared to the end of the previous year, driven by the expansion of Guosheng Securities' proprietary business [6]. Market Context - The A-share market experienced a significant increase in trading volume, with a total turnover of 162.68 trillion yuan in H1 2025, contributing to the growth in brokerage revenue [10]. Corporate Developments - Guosheng Jin控 is in the process of merging with Guosheng Securities, which will be renamed as New Guosheng Securities, and is actively recruiting a new general manager to lead the company [12][13].