BOCIC(SH:601696) Jing Ji Guan Cha Wang·2025-08-30 05:15Core Insights - In the first half of 2025, Zhongyin Securities reported a revenue of 1.505 billion yuan, representing a year-on-year growth of 20.79%, and a net profit attributable to shareholders of 565 million yuan, up 33.13% year-on-year, with a return on equity (ROE) of 3.10%, an increase of 66 basis points [2] Business Performance - Investment banking business ranked 6th in equity underwriting scale and 14th in IPO underwriting scale, successfully assisting Hefei Huitong Holdings Co., Ltd. in its IPO on the Shanghai Stock Exchange [2] - Bond underwriting scale reached 99.263 billion yuan, ranking 15th in the industry, while financial bond underwriting scale was 86.257 billion yuan, ranking 7th [2] - Wealth management saw a significant increase, with the number of new effective accounts growing over 40% year-on-year and average margin financing and securities lending scale increasing by 15% [2] - In asset management, Zhongyin Securities ranked in the top 2 for both private asset management and non-public fund management scale, and was among the top 3 in the market for ABS scale related to central enterprise accounts receivable [2] Strategic Initiatives - The company made strides in supporting national strategies, particularly in the technology finance sector, with the Zhongyin Science and Technology Innovation Fund accelerating its establishment [3] - In March 2025, Zhongyin Securities acted as an independent financial advisor and co-underwriter for the merger of Guotai Junan and Haitong Securities, marking the largest A+H dual market merger in China's capital market history [3] - In June 2025, the company participated as an independent financial advisor in the State Power Investment Corporation's project, which was accepted by the Shenzhen Stock Exchange [3] - Zhongyin Securities ranked in the top 3 for stock buyback and increased loan securities accounts, actively supporting state-owned banks in capital replenishment, including participation in the largest refinancing project in China's capital market history [3] - The company also ranked 3rd in the industry for Belt and Road bond underwriting, 7th for small and micro enterprise bonds, and 10th for green bonds, while being included in the first batch of issuers for county-level small and micro enterprise technology innovation bonds [3]