Core Viewpoint - Huatai Securities reported strong financial performance in the first half of 2025, with significant revenue and profit growth, while continuing to enhance shareholder value through dividends and strategic business focus [1][2]. Financial Performance - The company achieved operating revenue of 16.219 billion yuan, a year-on-year increase of 31% [1] - Net profit attributable to shareholders was 7.549 billion yuan, reflecting a 42% year-on-year growth [1] - A mid-term dividend of 1.5 yuan per 10 shares was announced, demonstrating commitment to shareholder value [1] Business Development - Huatai Securities focused on supporting sectors such as technology innovation, healthcare, and green sustainability, maintaining a leading position in underwriting and advisory services [1] - The company underwrote 14 equity offerings with a total amount of 49 billion yuan, showing significant growth [1] - It ranked second in A-share IPO underwriting scale and led the industry in the number of independent financial advisory projects [1] - The company underwrote 108 technology innovation bonds totaling 37.1 billion yuan and 27 green bonds amounting to 6.9 billion yuan [1] Cross-Border Services - The company enhanced its cross-border service capabilities to support the globalization of Chinese enterprises [2] - Its Singapore subsidiary obtained sponsorship qualifications for the Singapore Exchange and its U.S. subsidiary received qualifications for non-U.S. sovereign debt brokerage [2] - In Hong Kong, the company completed multiple benchmark projects, ranking second in IPO sponsorship projects [2] - The overseas research coverage increased by 125% year-on-year, with research reports growing by 96% [2] Technological Advancements - The company is pursuing an "All in AI" transformation strategy, focusing on leveraging AI to reshape business models and service scenarios [3] - It has established a comprehensive platform for heterogeneous computing power and large model operations, enhancing its capabilities in intelligent investment research, advisory, and operations [3]