国海证券股份有限公司 2025年度业绩预告

Core Viewpoint - The company anticipates an upward trend in its operating performance for the year 2025, driven by a recovery in the domestic secondary market and growth in wealth management and research revenues [2][3]. Group 1: Performance Forecast - The performance forecast period is from January 1, 2025, to December 31, 2025, with expected operating performance showing a positive trend [2]. - The company has communicated with its auditing firm regarding the performance forecast, and there are no significant disagreements between the two parties [2]. Group 2: Reasons for Performance Changes - In 2025, the domestic secondary market's major stock indices are expected to grow year-on-year, with a significant increase in market activity and a volatile bond market, enhancing the capital market's attractiveness and inclusiveness [3][8]. - The company is committed to the political and public nature of financial work, focusing on a differentiated competitive advantage led by research and professionalism, resulting in steady improvements in operating performance [3][8]. Group 3: Financial Data and Liabilities - The company has preliminarily calculated a provision for expected liabilities related to ongoing litigation, amounting to 116.15 million yuan, which will reduce the total profit for 2025 by the same amount [12][13]. - The company plans to appeal the court's decision to protect its legal rights and will adhere to information disclosure obligations as per regulations [13].