Company Overview - Guolian Minsheng Securities Co., Ltd. is located in Wuxi, Jiangsu Province, and was established on January 8, 1999, with its listing date on July 31, 2020 [1] - The company’s main business includes brokerage and wealth management, investment banking, asset management and investment, credit trading, and securities investment [1] - The revenue composition is as follows: securities investment business 42.05%, brokerage and wealth management 29.79%, investment banking 13.56%, credit trading 7.48%, asset management and investment 7.34%, and others 0.83% [1] Financial Performance - As of June 30, 2025, Guolian Minsheng reported a net profit of 1.127 billion yuan, a year-on-year increase of 1185.19% [2] - The company has distributed a total of 1.289 billion yuan in dividends since its A-share listing, with 720 million yuan distributed over the past three years [3] Stock Performance - On September 11, the stock price increased by 2.01%, reaching 11.19 yuan per share, with a trading volume of 500 million yuan and a turnover rate of 1.74% [1] - The total market capitalization is 63.566 billion yuan [1] - Year-to-date, the stock price has decreased by 16.89%, with a 2.36% decline over the last five trading days and a 3.20% decline over the last 20 days, while it has increased by 14.14% over the last 60 days [1] Shareholder Information - As of June 30, 2025, the number of shareholders is 94,600, a decrease of 6.40% from the previous period, with an average of 25,271 circulating shares per person, an increase of 6.84% [2] - The top ten circulating shareholders include Hong Kong Central Clearing Limited, which holds 43.7824 million shares, an increase of 14.7418 million shares from the previous period [3]

Core Insights - Guolian Minsheng Securities Co., Ltd. released its first half-year report after its merger, showing significant growth in revenue and net profit for the first half of 2025 [1] Financial Performance - The company's operating revenue for the first half of 2025 reached 4.01 billion, a year-on-year increase of 269.40% [2] - Total profit amounted to 1.40 billion, reflecting a staggering increase of 2,472.75% compared to the same period last year [2] - Net profit attributable to shareholders was 1.13 billion, up 1,185.19% year-on-year [2] - The net profit after deducting non-recurring gains and losses was 1.12 billion, an increase of 1,355.70% [2] - The net cash flow from operating activities was 499.27 million, a decrease of 92.16% compared to the previous year [2] - Total assets reached 185.40 billion, a growth of 90.72% from the end of the previous year [2] - Total liabilities were 133.81 billion, increasing by 70.98% [2] - Equity attributable to shareholders was 51.09 billion, up 174.90% [2] Business Segments - Brokerage and wealth management services generated revenue of 1.20 billion, a year-on-year increase of 215.76% [3] - Investment banking services brought in 544 million, reflecting a growth of 214.94% [3] - Asset management and investment services saw revenue decline by 8.23% to 294 million [3] - Credit trading services achieved revenue of 300 million, up 136.10% [3] - Securities investment services reported revenue of 1.69 billion, a remarkable increase of 14,052.11% [3]

Core Viewpoint - Guolian Minsheng reported significant growth in revenue and net profit for the first half of the year, indicating strong performance and strategic initiatives in the financial sector [1][3]. 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% [3]. - The net profit attributable to shareholders reached 1.127 billion yuan, reflecting a remarkable year-on-year growth of 1185.19% [3]. - Basic earnings per share were reported at 0.2 yuan [3]. - Total assets as of June 30, 2025, amounted to 185.397 billion yuan, up 90.72% from the end of 2024 [3]. - Shareholder equity increased to 51.088 billion yuan, a growth of 174.90% compared to the end of 2024 [3]. Business Segments - The securities investment business became the largest revenue contributor, generating 1.687 billion yuan, a staggering increase of 14052.11% year-on-year [3]. - Brokerage and wealth management, as well as investment banking businesses, both saw over 200% growth, with revenues of 1.195 billion yuan and 544 million yuan, respectively [3]. - Credit trading business revenue reached 300 million yuan, up 136.10% [3]. - Asset management and investment business experienced a decline, with revenue of 294 million yuan, down 8.23% year-on-year [3]. 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 [4]. - The sales scale of financial products (excluding cash management products) reached 87.02 billion yuan, with a financial product retention amount of 31.436 billion yuan at the end of the period [4]. - The scale of fund advisory business continued to grow, with a retained scale of 9.708 billion yuan by the end of the reporting period [4]. 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 [5][6]. - Guolian Tongbao, a wholly-owned subsidiary, will contribute 480 million yuan, accounting for 39.34% of the fund, while Guolian Life will contribute 740 million yuan, representing 60.66% [6]. - The fund will focus on private equity investments in new productivity and smart technology sectors, aiming to enhance the company's private equity business management scale and investment returns [6].

Core Insights - The company reported a total revenue, net investment income, and other income of RMB 5.31 billion for the six months ending June 30, 2025, representing a year-on-year increase of 188.54% [1] - The net profit attributable to shareholders reached RMB 1.13 billion, showing a significant year-on-year growth of 1,185.19% [1] Revenue Breakdown - Brokerage and wealth management business generated revenue of RMB 1.58 billion, up 238.07% year-on-year [1] - Investment banking business achieved revenue of RMB 581 million, reflecting a year-on-year increase of 223.02% [1] - Asset management and investment business reported revenue of RMB 299 million, which is a decline of 8.58% year-on-year [1] - Credit trading business earned revenue of RMB 482 million, marking a year-on-year growth of 58.69% [1] - Securities investment business saw revenue of RMB 2.19 billion, with a substantial year-on-year increase of 515.02% [1]

国联民生（601456）(01456)发布截至2025年6月30日止6个月业绩，该集团期内取得收入、净投资收益 及其他收入总额53.1亿元人民币，同比增加188.54%;股东应占溢利11.27亿元，同比增加1185.19%;每股 基本收益0.2元。 截至2025年6月30日，集团资产总额人民币1853.97亿元，较2024年12月31日增长90.72%;归属于公司股 东的权益人民币510.88亿元，较2024年12月31日增长174.90%;报告期内，集团实现收入、净投资收益及 其他收入总额人民币53.10亿元，同比增长188.54%;归属于公司股东的净利润人民币11.27亿元，同比增 长1185.19%。 经纪及财富管理业务实现收入人民币15.80亿元，同比增长238.07%;投资银行业务实现收入人民币5.81亿 元，同比增长223.02%;资产管理及投资业务实现收入人民币2.99亿元，同比下降8.58%;信用交易业务实 现收入人民币4.82亿元，同比增长58.69%;证券投资业务实现收入人民币21.87亿元，同比增长515.02%。 ...

智通财经APP讯，国联民生(01456)发布截至2025年6月30日止6个月业绩，该集团期内取得收入、净投资 收益及其他收入总额53.1亿元人民币，同比增加188.54%;股东应占溢利11.27亿元，同比增加1185.19%; 每股基本收益0.2元。 截至2025年6月30日，集团资产总额人民币1853.97亿元，较2024年12月31日增长90.72%;归属于公司股 东的权益人民币510.88亿元，较2024年12月31日增长174.90%;报告期内，集团实现收入、净投资收益及 其他收入总额人民币53.10亿元，同比增长188.54%;归属于公司股东的净利润人民币11.27亿元，同比增 长1185.19%。 经纪及财富管理业务实现收入人民币15.80亿元，同比增长238.07%;投资银行业务实现收入人民币5.81亿 元，同比增长223.02%;资产管理及投资业务实现收入人民币2.99亿元，同比下降8.58%;信用交易业务实 现收入人民币4.82亿元，同比增长58.69%;证券投资业务实现收入人民币21.87亿元，同比增长515.02%。 ...