GF SEC Expects Interim Net Profit to Rise 70%-85% YoY
I'm LongbridgeAI, I can summarize articles.GF SECexpects first-half net profit to rise 70%-85% YoY, reaching RMB11-12 billion. Excluding non-recurring items, profit is projected up 77%-93%. The growth stems from solid capital market momentum and successful implementation of high-quality development strategies, including enhanced customer service, product development, international expansion, and refined management. Revenue across wealth management, trading, investment management, and investment banking all saw year-over-year growth in the first half.
GF SEC (01776.HK) +0.580 (+3.479%) Short selling $22.80M; Ratio 14.388% expects net profit for the first half to range from RMB11 billion to RMB12 billion, representing a YoY increase of approximately 70% to 85%. Net profit excluding non-recurring gains and losses is expected to range from RMB11.19 billion to RMB12.19 billion, up approximately 77% to 93% YoY.
The company explained that capital markets maintained solid development momentum in 1H26. The company firmly implemented its overall strategy for high-quality development, aligned with new requirements at the start of the 15th Five-Year Plan period, and focused on building a first-class investment bank. It maintained strategic focus, enhanced comprehensive customer service capabilities across the entire value chain and business cycle, strengthened product development capabilities, deepened its international expansion, and improved refined management efficiency. In 1H26, revenue from the company's wealth management, trading and institutional, investment management, and investment banking businesses all recorded YoY growth.