--- title: "Institutional and Trading Business Takes the Lead; Guotai Haitong Officially Releases Semi-Annual Report" type: "News" locale: "en" url: "https://longbridge.com/en/news/296222148.md" description: "Guotai Haitong released its 2026 semi-annual report, reporting H1 revenue of RMB 47.163 billion (up 97.56% year-on-year) and net profit of RMB 20.260 billion (up 28.74% year-on-year), setting a new historical high for the period. The number of IPOs where it acted as the lead underwriter and the cumulative underwriting amount on the STAR Market both ranked first in the industry. Wealth management business revenue reached RMB 14.655 billion, contributing over 30%, while net fee income from brokerage business surged by 73.41%, indicating accelerating release of integration synergies" datetime: "2026-08-18T11:32:39.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/296222148.md) - [en](https://longbridge.com/en/news/296222148.md) - [zh-HK](https://longbridge.com/zh-HK/news/296222148.md) --- # Institutional and Trading Business Takes the Lead; Guotai Haitong Officially Releases Semi-Annual Report Guotai Haitong Securities, one of the top two securities firms in the industry, has released its 2026 semi-annual report. The report shows that in the first half of 2026, Guotai Haitong achieved operating revenue of RMB 47.163 billion, a year-on-year increase of 97.56%; net profit attributable to owners of the parent company amounted to RMB 20.260 billion, a year-on-year increase of 28.74%, marking a new historical high for the same period. Clearly, Guotai Haitong, which completed its integration last year, is accelerating the release of integration synergies. The company also stated that in the same period last year, it recognized significant non-operating income due to the absorption and merger with Haitong Securities. This factor was absent in the current reporting period, resulting in a relatively higher year-on-year growth rate for net profit after deducting non-recurring gains and losses. ## **Investment Banking Business: Leading in Number of STAR Market IPOs** In terms of investment banking, the business generated operating revenue of RMB 2.273 billion during the reporting period, a year-on-year increase of 61.15%; net fee income from investment banking business was RMB 2.224 billion, up 59.82% year-on-year, mainly driven by the recovery of the IPO market and an increase in stock underwriting income. From specific business metrics, the company served as the lead underwriter for 14 IPO projects during the reporting period, with 57 projects under review at the end of the period, both ranking first in the industry; Since the launch of the STAR Market, the company has cumulatively underwritten 110 STAR Market IPOs with a lead underwriting amount of RMB 220.1 billion, both ranking first in the industry. It underwrote 1,878 bonds with an underwriting amount of RMB 643.8 billion, both ranking second in the industry. The issuance amount for public REITs business was RMB 14.3 billion, ranking first in the industry. In overseas business, the company completed sponsorship for 13 Hong Kong stock IPO projects and 13 Hong Kong stock placement projects during the reporting period, maintaining the leading position among Chinese securities firms in placement volume. This sufficiently demonstrates Guotai Haitong's strength in investment banking. ## **Wealth Management Business: Core Business Maintains Healthy Momentum** In wealth management, Guotai Haitong's business generated operating revenue of RMB 14.655 billion during the reporting period, a year-on-year increase of 49.97%, contributing 31.07% to total operating revenue, still topping the list of the company's various business segments. Among this, net fee income from brokerage business was RMB 9.942 billion, up 73.41% year-on-year, mainly due to increased trading volume of stocks and funds and expansion of the agency securities trading business scale. Regarding margin financing and securities lending, the balance stood at RMB 296.111 billion at the end of the reporting period, an increase of 20.3% from the end of the previous year, with a market share of 9.80%, continuously expanding its industry-leading advantage; during the reporting period, the net increase in margin financing and securities lending customers was 48,400 accounts, a year-on-year increase of 83.1%. At the end of the reporting period, the balance awaiting repurchase for stock pledge and agreed repurchase transactions was RMB 37.122 billion. ## **Institutional and Trading: The Biggest Highlight of the First Half** Institutional and trading business was the company's largest source of revenue in the first half. During the reporting period, this business generated operating revenue of RMB 22.176 billion, a year-on-year increase of 223.24%, contributing 47.02% to total operating revenue. From the financial statements, the company's investment income was -RMB 1.135 billion, a decrease of RMB 13.836 billion year-on-year, mainly due to reduced investment income from derivative financial instruments; gains/losses from changes in fair value were RMB 26.980 billion, an increase of RMB 29.986 billion year-on-year, mainly due to changes in the fair value of trading financial assets. In addition, at the end of the reporting period, the scale of the company's custody and fund services business was RMB 5,454.9 billion, an increase of 20.8% from the end of the previous year, with public fund custody scale ranking first in the industry. The number of market-making targets on the STAR Market also ranked first in the industry. In alternative investments, the company's cumulative co-investment on the STAR Market approached RMB 7 billion, ranking first in the industry. During the reporting period, there were 21 new and additional investment projects with an investment amount of RMB 1.085 billion, and 5 invested projects successfully completed their IPOs. ## **Investment Management and Financial Leasing: Asset Management Scale Hits New High** In investment management, the business generated operating revenue of RMB 4.900 billion during the reporting period, a year-on-year increase of 59.20%; net fee income from asset management business was RMB 3.710 billion, up 43.91% year-on-year. Regarding subsidiary public funds, HuaAn Fund managed assets worth RMB 915.703 billion at the end of the reporting period; Fullgoal Fund's managed assets exceeded RMB 2.2 trillion for the first time, with public fund management scale reaching RMB 1,481.205 billion, an increase of 9.5% from the end of the previous year. Additionally, Hai Fu Tong Fund's bond ETF management scale was RMB 171.8 billion, ranking first in the industry for five consecutive years. In financial leasing, the business generated operating revenue of RMB 2.101 billion during the reporting period, a slight year-on-year decrease of 0.37%; subsidiary Haitong Hengxin achieved total revenue of RMB 2.772 billion and periodic profit of RMB 595 million. ## **Interim Dividend Proposal: Cash Dividend of RMB 3 per 10 Shares** Regarding dividends, as approved by the 19th meeting of the 7th Board of Directors, the company proposes to distribute cash dividends of **RMB 3.0 (tax inclusive) per 10 shares to A-share and H-share shareholders**, based on the total share capital excluding shares held in the special securities account for repurchases on the equity registration date for dividend distribution. Calculated based on 17.514 billion shares (total issued shares minus repurchased shares as of the board meeting date approving the plan), the total proposed cash dividend amounts to RMB 5.254 billion (tax inclusive), accounting for 25.93% of the net profit attributable to owners of the parent company in the consolidated financial statements for the first half of 2026. Risk Warning and Disclaimer The market carries risks; investment requires caution. This article does not constitute personal investment advice, nor does it consider the specific investment objectives, financial status, or needs of individual users. Users should consider whether any opinions, views, or conclusions in this article align with their specific circumstances. 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