Zhi Tong Cai Jing·2025-08-28 09:55Core Viewpoint - China Galaxy reported a total revenue of RMB 18.798 billion for the six months ending June 30, 2025, representing an 18.92% year-on-year increase, with a profit attributable to shareholders of RMB 6.488 billion, up 47.86% year-on-year, and basic earnings per share of RMB 0.54 [1] Financial Performance - The total assets of the group reached RMB 781.740 billion, an increase of 6.00% compared to the end of 2024 [2] - Cash and cash equivalents amounted to RMB 156.370 billion, up 7.92% year-on-year, primarily due to an increase in customer deposits [2] - Settlement reserves increased by 20.86% to RMB 43.266 billion, mainly due to an increase in customer reserve funds [2] - Loaned funds decreased by 0.54% to RMB 100.986 billion, indicating stable financing business scale [2] - Derivative financial assets fell by 52.89% to RMB 1.979 billion, influenced by changes in the scale and fair value of derivative financial instruments [2] - Trading financial assets increased by 14.88% to RMB 253.620 billion, primarily due to an increase in bond investment scale [2] - Other debt investments decreased by 9.37% to RMB 95.276 billion, mainly due to a decline in bond investment scale [2] - Other equity instrument investments rose by 4.17% to RMB 58.009 billion, reflecting an increase in the scale of other equity instrument investments [2] Business Strategy - The company aims to deepen mechanism construction and institutional reform, advancing services for national strategies and the real economy [3] - Wealth management business focuses on enhancing customer management through a "research-investment-advisory" system to create a closed loop for buyer wealth management [3] - Investment banking business is deeply involved in the entire lifecycle of enterprise development, enhancing the functionality of investment banking [3] - Institutional business leverages synergies between various services to enhance value for institutional clients [3] - International business continues to strengthen management of overseas subsidiaries and deepen integrated operations between domestic and international services, consolidating its position in the Southeast Asian core market [3] - Investment trading business adheres to prudent operations, enhancing overall asset allocation and promoting market stability and investment returns [3] - The company focuses on core business and transformation in integrated operations of parent and subsidiary companies to sustain internal development momentum [3] Risk Management - The company emphasizes a balanced approach to development and safety, adhering to prudent operations and comprehensive risk management requirements [3] - Continuous strengthening of compliance and risk control construction is prioritized, with ongoing improvements to the risk prevention system [3]