Core Insights - First Capital achieved total revenue of 1.832 billion yuan in the first half of 2025, representing a year-on-year growth of 20.20% and a net profit attributable to shareholders of 486 million yuan, up 21.41% year-on-year [1] - The company reported total assets of 55.150 billion yuan, an increase of 4.56% from the end of the previous year, and net assets attributable to shareholders of 17.003 billion yuan, up 4.28% [1] - The company aims to enhance its comprehensive financial service capabilities by focusing on customer-centric strategies and expanding its client base and asset scale [1] Asset Management Business - First Capital's asset management business had a total entrusted management fund of 66.325 billion yuan by the end of June 2025, an increase of 12.687 billion yuan, or 23.65% from the end of 2024 [1] - The subsidiary, Chuangjin Hexin, established 457 products, including 358 private asset management plans and 99 public fund products [2] - The public fund management scale reached 164.698 billion yuan, increasing by 18.944 billion yuan, or 13.00% from the end of 2024 [2] Fixed Income and Brokerage Business - The fixed income business deepened its trading-driven strategy, with the company ranking 6th in the market for non-bank members in terms of government bond trading volume [2] - The company completed 70 debt financing projects in the first half of 2025, with a total underwriting amount of 25.274 billion yuan, a year-on-year increase of 296.64% [3] - The brokerage business saw a significant increase in client acquisition, adding 121,100 new clients and increasing client asset scale by 6.382 billion yuan [3] Investment Banking Business - The investment banking division focused on the North Exchange IPO business, successfully applying for one IPO project in the first half of 2025, with two projects under review by the end of June [3] - The company ranked 26th in the industry for corporate bond underwriting scale, improving by 29 places year-on-year [3] Future Outlook - First Capital emphasizes a development philosophy centered on serving the nation and the public, committing to professional and specialized growth [4] - The company aims to contribute to the high-quality development of the capital market and the construction of a strong financial nation [4]