Zhong Zheng Wang·2025-08-31 03:20Core Viewpoint - Guangfa Securities reported steady growth across all business segments in its 2025 mid-term report, with significant increases in revenue and net profit [1] Group 1: Financial Performance - The company achieved total operating revenue of 15.398 billion yuan and a net profit attributable to shareholders of 6.470 billion yuan in the first half of the year [1] - All four major business segments experienced robust growth during the reporting period [1] Group 2: Wealth Management - As of the end of June, the company had over 300 billion yuan in financial products under distribution, reflecting a year-on-year growth of approximately 14.13% [1] - The margin trading and securities lending balance reached 103.638 billion yuan, with a market share of 5.60% [1] - The trading volume of stock mutual funds in the Shanghai and Shenzhen markets reached 15.14 trillion yuan, marking a year-on-year increase of 62.12% [1] Group 3: Investment Banking - During the reporting period, the company completed five A-share equity financing projects with a total underwriting amount of 15.622 billion yuan [1] - The company also completed two new three-board listings and 11 Hong Kong IPO projects, with a total issuance scale of 42.773 billion Hong Kong dollars [1] - In the mergers and acquisitions sector, the company led three major domestic asset restructuring and financial advisory projects, involving a total transaction amount of 2.272 billion yuan [1] Group 4: Investment Management - The combined management scale of public funds by Guangfa Fund and E Fund exceeded 3.6 trillion yuan, ranking third and first in the industry, respectively, excluding money market funds [2] - The net asset value of specialized asset management plans managed by Guangfa Asset Management increased by 39.49% compared to the end of 2024 [2] - Guangfa Futures managed a total of 158.56 billion yuan across 63 asset management plans [2] Group 5: Trading and Institutional Business - The company maintained a leading position in market-making services, officially launching market-making for stocks on the Sci-Tech Innovation Board and the Beijing Stock Exchange [2] - The company provided market-making services for over 900 funds and all ETF options on the Shanghai and Shenzhen stock exchanges [2] - As of the end of June, the company had issued 51,508 private placement products with a total scale of 501.18 billion yuan [2] Group 6: Strategic Development - The company is actively exploring new models of industry-finance integration, supporting regional economic transformation through various forms of industrial funds [3] - As of the end of June, the company had the highest number of business outlets in the nine cities of the Pearl River Delta, enhancing its market reach [3] - The company is committed to building an ecosystem for mergers and acquisitions, providing comprehensive services to facilitate orderly asset capital flow [3]