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Guotai Junan Securities (601211) investor relations material

Guotai Junan Securities H1 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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H1 2025 earnings summary29 Aug, 2025

Executive summary

  • The fund aims to closely track the Hang Seng China Central Enterprises Index via investment in the target ETF, with a focus on minimizing tracking deviation and error within 0.35% daily and 4% annualized.

  • The reporting period covers March 4, 2025, to June 30, 2025, marking the fund's initial months of operation.

  • Both A and C share classes achieved net value growth rates of 4.70% and 4.64%, respectively, closely matching the benchmark's 4.80%.

Financial highlights

  • Net profit for the period was RMB 6,775,654.05, with realized income of RMB 1,663,664.38 and fair value gains of RMB 5,111,989.67.

  • Period-end net assets totaled RMB 124,003,187.08, with A and C share classes at RMB 47,780,723.02 and RMB 76,222,464.06, respectively.

  • The fund distributed profits in July and August 2025, totaling over RMB 1.7 million across both share classes.

Outlook and guidance

  • The second half of 2025 is expected to focus on US tariff policy impacts, with anticipated Fed rate cuts and a favorable environment for Hong Kong equities.

  • Domestic economic growth remains subdued, but the fund sees value in high-dividend, low-volatility assets, with the index's dividend yield above 5%.

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Frequently asked questions

Guotai Junan Securities Co., Ltd. is a financial services company engaged in securities brokerage, investment banking, asset management, and wealth management. The company provides services including equity and bond underwriting, trading, financial advisory, and research. It also offers margin financing, futures brokerage, and proprietary trading activities. Guotai Junan Securities Co., Ltd. serves individual investors, institutions, and corporate clients across various segments of the capital markets. The company is headquartered in Shanghai, China, and its shares are listed on the SSE.

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