Haitong Securities
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Haitong Securities (600837) investor relations material

Haitong Securities has been delisted

Haitong Securities Q2 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q2 2025 earnings summary29 Aug, 2025

Executive summary

  • Completed a landmark merger, forming a leading comprehensive financial services provider with enhanced capital strength, broader business scope, and improved risk management capabilities.

  • Achieved significant growth in revenue and net profit, driven by business expansion and merger synergies.

  • Maintained industry-leading positions in core business segments and continued digital transformation and ESG initiatives.

Financial highlights

  • Operating revenue for H1 2025 reached RMB 23.87 billion, up 77.71% year-over-year.

  • Net profit attributable to shareholders was RMB 15.74 billion, up 213.74% year-over-year.

  • Excluding non-recurring items, net profit was RMB 7.28 billion, up 59.76% year-over-year.

  • Total assets at June 30, 2025, were RMB 1.80 trillion, up 72.24% from year-end 2024.

  • Basic and diluted EPS were RMB 1.11, up 113.46% year-over-year.

  • Cash flow from operating activities was RMB 13.32 billion, a significant turnaround from negative in the prior year.

Outlook and guidance

  • Focus on integration and high-quality development post-merger, aiming to build a world-class investment bank.

  • Plans to deepen business and management integration, enhance customer-centric strategies, and accelerate digital and ESG initiatives.

  • Targets continued growth in core business segments and further improvement in risk management and compliance.

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Frequently asked questions

Haitong Securities Co., Ltd. is a China-based financial services provider offering a wide range of investment and securities services. The company’s core businesses include brokerage, wealth management, investment banking, asset management, and proprietary trading. Haitong Securities serves individual and institutional clients, providing solutions such as securities trading, equity and bond underwriting, and financial advisory services. The company is headquartered in Shanghai, China, and its shares are listed on the Shanghai Stock Exchange.