Shang Hai Zheng Quan Bao·2026-03-30 16:19Core Viewpoint - China Galaxy Securities reported a record net profit of 12.52 billion yuan for 2025, marking a year-on-year increase of 24.81%, driven by strong growth across various business segments [2]. Business Performance - Total assets of China Galaxy Securities reached 855.75 billion yuan by the end of 2025, reflecting a 16.04% increase from the end of 2024, maintaining a strong position within the top five in the industry [3]. - Wealth management business generated revenue of 13.47 billion yuan, up 28.36% year-on-year; investment banking revenue was 585 million yuan, increasing by 22.18%; institutional business revenue surged by 508.2% to 1.74 billion yuan; international business revenue reached 2.57 billion yuan, growing by 18.23%; trading business revenue was 7.03 billion yuan, up 10.76%; and integrated business revenue was 2.77 billion yuan, increasing by 11.16% [3][4]. - The company achieved record high revenues across wealth management, investment banking, trading, institutional, and international business segments in 2025 [3]. Institutional Business Growth - The institutional business revenue saw a remarkable increase of 508.2% year-on-year, with the number of covered institutional clients rising to 8,040, an increase of over 1,000 clients from the previous year [4]. - The scale of the PB (Private Banking) business reached 481.4 billion yuan, growing by 38.3%, with trading volume for equity transactions amounting to 5.45 trillion yuan, a year-on-year increase of 52.1% [4]. International Investment Banking Expansion - China Galaxy Securities' bond underwriting scale reached 682.58 billion yuan in 2025, a 37.3% increase, ranking 6th in the industry, with local government bond underwriting at 433.33 billion yuan, ranking 5th [5]. - In equity business, the company completed three major asset restructuring projects with a total transaction value of 19.47 billion yuan, ranking 7th in the industry [5]. - The company ranked in the top 10 for Hong Kong IPO sponsorships for the first time and was 4th among Chinese brokers in terms of project participation [5][6]. International Market Activities - China Galaxy Securities completed 71 equity and bond financing transactions overseas, totaling 4.7 billion Singapore dollars, including significant projects in Malaysia and Singapore [5][6]. - The company launched its first public fund and made strides in FICC and cross-border business, including the first gold transaction [6].