Guotai Junan International Holdings Limited · HKEX:1788
Guotai Junan International — H1 2025 Earnings Presentation
24 slides from Guotai Junan International's earnings presentation, August 2025
Slide 1: 2025 Interim Results
2023年全年业绩 1 2025 Interim Results A Company of Guotai Haitong Group | Stock code: 1788.HK Hong Kong · August 2025 Guotai Junan International Holdings Ltd | Company Website: www.gtjai.com | WeChat: GTJAI1788
Slide 2: Content
2023年全年业绩 Content Overview Page 3 Market | Results Overview Financial Review Page 5 Revenue Analysis | Balance Sheet | Liquidity Management Investor Return | Credit Ratings Business Development Page 11 Wealth Management | Corporate Finance | Institutional Services | Digital Assets Regional Collabora
Slide 3: Market: Hong Kong Market Outperformed despite Volatile Global Markets
Market: Hong Kong Market Outperformed despite Volatile Global Markets Major Indices Performance from the Beginning of 2025 to 30 June 2025 HSI Hang Seng Index HK IPO Funds + 23% YTD raised Average Daily Turnover +699% YOY +118% YOY HS TECH 2025/1 2025/4 2025/6 • Global markets remain volatile • 44 I
Slide 4: Results Overview: Hit a Record High in Interim Revenue, Maintained a High Dividend Payout Ratio
Results Overview: Hit a Record High in Interim Revenue, Maintained a High Dividend Payout Ratio Revenue increased by 30% Profit after tax increased by 182% ROE (annualized) increased to HKD 2.825 billion to HKD 550 million significantly by 4.7 p.p. HK$ 100 million HK$ 100 million 28.25 5.5 7.3% Decl
Slide 5: Financial Review
2025 Interim Results Financial Review Revenue Analysis | Balance Sheet | Liquidity Management Investor Return | Credit Ratings
Slide 6: Revenue Analysis
Revenue Analysis Commission and Fee Interest HKD’000 1H 2025 1H 2024 YOY1 HKD’000 1H 2025 1H 2024 YOY1 Brokerage 323,171 221,717 46% Customers 215,588 226,052 -5% - Commission income from the Hong Kong stock market 121,056 52,480 131% Banks 367,071 575,871 -36% Corporate finance underwriting commiss
Slide 7: Balance Sheet
Balance Sheet HKD’000 30 June 2025 Contribution1 31 December 2024 Contribution1 Assets Assets Distribution 30 Jun 2025 Financial products held on behalf of clients Loans and advances to customers 8,334,080 6.83% 7,746,401 5.95% HK$ 100 million Receivable from reverse repurchase agreements 8,275,117
Slide 8: Liquidity Management: Sufficient Credit Lines to Maintain Sound and Stable Liquidity
Liquidity Management: Sufficient Credit Lines to Maintain Sound and Stable Liquidity Funding Sources Banking Facilities Cash 30 June 31 December 6.4% HK$ million Change 2025 2024 Total banking Funding 41,232 38,682 6.59% facilities MTN Resources 42.2% HK$ Bank loans utilized 6,737 5,901 14.17% 62.7
Slide 9: Investor Return: Investor-oriented Approach, All-Cash Dividends Since Listing, Share Repurchase Plan
Investor Return: Investor-oriented Approach, All-Cash Dividends Since Listing, Share Repurchase Plan HK$’000 1,000,000 All-Cash Dividends 900,000 87% Every Fiscal Year Since Listing 800,000 80% 700,000 600,000 60% 59% 50% 54% Average Payout 500,000 50% 51% Dividend Ratio of 60% 46% Cumulative Cash D
Slide 10: Credit Ratings: 10 Consecutive Years' First Tier Among Chinese Financial Institutions in Hong Kong
Credit Ratings: 10 Consecutive Years’ First Tier Among Chinese Financial Institutions in Hong Kong Milestones of Credit Ratings Peers Comparison August 2025: Moody’s reaffirmed the company’s Baa2 long-term issuer rating with a stable outlook BBB+ BBB+ BBB+ BBB+ BBB+ September 2024: Moody’s reaffirme
Slide 11: Business Development
2025 Interim Results Business Development Wealth Management | Corporate Finance | Institutional Services | Digital Assets Regional Collaboration | Sustainable and Green Finance
Slide 12: Digital Intelligent Wealth Management: Deepening Diversification While Accelerating Innovation
Digital Intelligent Wealth Management: Deepening Diversification While Accelerating Innovation 01 Diversified Products and Services 02 Cross-boundary Wealth Management Connect 2.0 Coordinated development across equities, bonds, funds, derivatives and other products Pioneer overseas broker for one-st
Slide 13: Full-Cycle Corporate Finance: Building an Extensive and Full-Cycle Corporate Finance Services Chain
Full-Cycle Corporate Finance: Building an Extensive and Full-Cycle Corporate Finance Services Chain 01 Bond Underwriting Services 02 Equity Financing Services • In the first half of 2025, a total of 150 bond issuance projects were completed, up 33%; The total issuance • Completed the Contemporary Am
Slide 14: High-Quality Institutional Services: Professional, Diversified and Comprehensive Institutional Client Service Platform
High-Quality Institutional Services: Professional, Diversified and Comprehensive Institutional Client Service Platform 01 Highly Customized Solutions • Continuously provided comprehensive cross-border, cross-asset, and cross-market products and trading services to all classes of institutional invest
Slide 15: Featured Regional Collaboration: Rooted in Hong Kong, Expanding into Southeast Asia, Serving Global Markets
Featured Regional Collaboration: Rooted in Hong Kong, Expanding into Southeast Asia, Serving Global Markets Vietnam • The first Chinese securities firm entered Vietnam, offering diversified services • In the first half of 2025, revenue increased 21%, profit increased 19%, and total assets increased
Slide 16: ESG: Assisting Clients in Green Transformation and Establishing an Industry ESG Benchmark
ESG：Assisting Clients in Green Transformation and Establishing an Industry ESG Benchmark Accelerating the Development of Green Financial Service Capabilities • In 1H2025, 47 ESG bond projects were completed, ESG bond financing size representing a year-on-year increase of 47%, with a (HK$ billion) Nu
Slide 17: Appendix
2025 Interim Results Appendix Organizational Structure | Milestone | Market Capitalisation Management and Shareholder Structure | Awards | Licenses
Slide 18: Organizational Structure: Mature International Business Platform with Leading Comprehensive Financial Service Capabilities
Organizational Structure: Mature International Business Platform with Leading Comprehensive Financial Service Capabilities Public Holders Shanghai SASAC Shenzhen SASAC Guotai Haitong Securities Co., Ltd. Public Holders (SHEX Code: 601211.SH HKEX: 2611.HK) 74.01% 25.99% 100% Guotai Junan Internationa
Slide 19: Milestone: Seized the Opportunities and Created Values for Shareholders
Milestone: Seized the Opportunities and Created Values for Shareholders • Received approval for the establishment of Macau subsidiary • The first Chinese securities firm securing a foothold in Vietnam • MSCI ESG Rating BBB • Ranked double No.1 in Wind • The first Chinese securities firm • The third
Slide 20: Market Capitalization Management and Shareholder Structure
Market Capitalization Management and Shareholder Structure Stock Performance of Guotai Junan International vs. Daily Trading Volume and Market Capitalization of Guotai Hang Seng Index Junan International (HSI) (Share Price, HKD) (Market Capitalization, HK$ 100 million) (Trading Volume, 10 million sh
Slide 21: Awards
Awards 8th China Excellent IR Award Road Show China Jan 2025 • Best ESG 2024 Annual Institutional Awards for China Offshore Bond China Securities Credit Technology Co., Ltd. • 2024 Best Underwriter Jan 2025 Dealing Matrix International (DMI) • 2024 Best ESG Underwriter Exchange Traded Products HKEX
Slide 22: Licenses
Licenses Issued by the Securities and Futures Commission of Hong Kong Issued by The SEHK Options Clearing House Limited ✓ Type 1 (Dealing in securities) (1 April 2003) ✓ Direct Clearing Participantship ✓ Type 2 (Dealing in futures contracts) (1 April 2003) Issued by Insurance Authority ✓ Licensed In
Slide 23: Disclaimer
Disclaimer: This presentation does not constitute an offer or invitation to purchase or subscribe for any securities or financial instruments or the provision of any investment advice, and no part of it shall form the basis of or be relied upon in connection with any contract, commitment or investme
Slide 24: Thanks
Follow us Thanks Company Website Wechat official account www.gtjai.com GTJAI1788 Contact: ir@gtjas.com.hk LinkedIn Facebook Guotai Junan International GTJAI1788 24
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