Bei Jing Shang Bao·2025-09-24 13:43Core Viewpoint - The integration of Guolian Minsheng and Minsheng Securities is progressing, with the migration of existing investment banking projects expected to enhance overall business performance significantly [1][3][5]. Group 1: Integration Progress - As of September 23, Minsheng Securities' investment banking projects have been officially transferred to Guolian Minsheng [3]. - Guolian Minsheng has completed the acquisition of 99.26% of Minsheng Securities and is advancing the integration process [3]. - Currently, Minsheng Securities is involved in 15 ongoing IPO and refinancing projects, with 12 in the inquiry and response stages [3][4]. Group 2: Financial Performance - In the first half of 2025, Guolian Minsheng's investment banking revenue reached 544 million yuan, marking a year-on-year increase of 214.94% [3][4]. - The overall revenue for Guolian Minsheng in the first half of 2025 was 4.011 billion yuan, up 269.4%, with a net profit of 1.127 billion yuan, reflecting a growth of 1185.19% [6][7]. Group 3: Market Position and Future Strategy - The integration is expected to enhance Guolian Minsheng's market position and service capabilities in the investment banking sector [4][7]. - The company aims to focus on industry investment banking, technology investment banking, and wealth investment banking, while expanding its coverage of key and emerging industries [7]. - There is an emphasis on leveraging data and AI technologies to optimize business processes and improve service quality [4][7].