净利大增1185%！国联民生合并后首份半年报出炉，拟设立国联通智基金

Core Viewpoint - Guolian Minsheng has reported significant growth in its financial performance for the first half of the year, indicating strong operational momentum and strategic initiatives in private equity investment [2][4]. Financial Performance - In the first half of the year, Guolian Minsheng achieved operating revenue of 4.011 billion yuan, a year-on-year increase of 269.40% [2][4]. - The net profit attributable to shareholders reached 1.127 billion yuan, reflecting a remarkable year-on-year growth of 1185.19% [2][4]. - Basic earnings per share stood at 0.2 yuan [4]. - As of June 30, 2025, total assets amounted to 185.397 billion yuan, up 90.72% from the end of 2024 [4]. - Shareholder equity increased to 51.088 billion yuan, a growth of 174.90% compared to the end of 2024 [4]. Business Segments - The securities investment business emerged as the largest revenue contributor, generating 1.687 billion yuan, a staggering year-on-year increase of 14052.11% [4]. - Brokerage and wealth management, as well as investment banking businesses, also saw over 200% growth, with revenues of 1.195 billion yuan and 544 million yuan, respectively, reflecting increases of 215.76% and 214.94% [4]. - Credit trading business revenue reached 300 million yuan, up 136.10% year-on-year [4]. - However, asset management and investment business experienced a decline, with revenues of 294 million yuan, down 8.23% [4]. Customer Growth and Financial Products - The company added 117,600 new clients in the first half of the year, bringing the total client base to 3.4559 million [5]. - The sales scale of financial products (excluding cash management products) reached 87.02 billion yuan, with a year-end holding of 31.436 billion yuan [5]. - The scale of fund advisory business continued to grow, with a holding of 9.708 billion yuan by the end of the reporting period [5]. New Fund Establishment - Guolian Minsheng announced plans to establish the Guolian Tongzhi Fund in partnership with Guolian Life Insurance, with a total fund size of 1.22 billion yuan [6]. - The fund will focus on private equity investments in new productivity and smart technology sectors, aiming to expand the company's private equity business management scale and enhance investment returns [6]. - Guolian Tongbao will contribute 480 million yuan, accounting for 39.34% of the fund, while Guolian Life will contribute 740 million yuan, representing 60.66% [6].