国投资本：2025年上半年，国投证券经纪业务净收入22.86亿元，同比增长28.12%

Core Viewpoint - The company emphasizes the importance of balancing investment and non-investment businesses to enhance overall stability and profitability [2] Financial Performance - In the first half of 2025, the net income from brokerage business reached 2.286 billion yuan, representing a year-on-year growth of 28.12% [2] - The number of newly signed clients in the fund advisory business increased by 11,420, with the effective client acquisition rate for new personal clients improving by 72.5% year-on-year [2] - As of June 30, 2025, the company's assets under management (AUM) exceeded 1.6 trillion yuan, growing by over 192 billion yuan since the beginning of the year [2] Client Services and Strategy - The company is benefiting from the influence of the "Guotou" brand and its rich industrial resources, leading to a 38% year-on-year growth in the asset scale of institutional clients [2] - Future plans include deepening the transformation of industrial investment banking, advancing comprehensive services for entrepreneurs, and implementing a wealth management transformation focused on "research, investment, and advisory" [2]