Guotai Junan International Holdings LimitedHKEX: 1788

2025 Interim Results

· Issued by Guotai Junan International Holdings Limited
2023年全年 业绩

1

Guotai Junan International Holdings Ltd | Company Website: https://www.gtjai.com | WeChat: GTJAI1788



2023年全年业绩




Hong Kong Market Outperformed despite Volatile Global Markets

Major Indices Performance from the Beginning of 2025 to 30 June 2025

HSI

Hang Seng Index

+ 23% YTD

Average Daily Turnover

HS TECH

+118% YOY

HK IPO Funds raised

+699% YOY

2025/1 2025/4 2025/6

ACYC

  • Global markets remain volatile

  • Hong Kong market is performing strongly

  • 44 IPOs, +47% YoY

  • Total capital raised: HKD 280.8 billion,

+322%

ACCG

2025/1 2025/4

2025/6

Chinese-issued US Dollar Bonds Indices

High-yield: +6% YTD

  1. month HIBOR

    0.73%1

    Hibor

    SOFR

    • Chinese-issued US dollar bonds rebounded

    • Total return index of investment-grade (ACCG) bonds increased by 4%

    • HIBOR declined rapidly

2025/1 2025/4

Data Sources: Bloomberg, Guotai Junan International, for reference only

Notes 1. As at 30 June

2025/6

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Overview | 3



Hit a Record High in Interim Revenue, Maintained a High Dividend Payout Ratio

Revenue increased by 30% to HKD 2.825 billion Profit after tax increased by 182% to HKD 550 million ROE (annualized) increased s ignificantly by 4.7 p.p.

HK$ 100 million

15.43

21.71

28.25

HK$ 100 million

1.19

1.95

5.5

1.6%

2.6%

7.3%

Declared an interim dividend HKD 0.05

Dividend payout ratio 87%

1H 2023 1H 2024 1H 2025

1H 2023 1H 2024 1H 2025

1H 2023 1H 2024 1H 2025

Business Highlight Financial Highlight

  • Revenue increased by 30% to HK$2.825 billion, setting a new mid-year record

  • Net profit after tax surged by 182% to HK$550 million

  • ROE (annualized) significantly improved to 7.3%

  • Declared an interim dividend of HK$0.05 per share, with a payout ratio of 87%

  • Significant increases in commission and fee income, interest income, and trading and investment income, reaching HK$541 million, HK$1.196 billion, and HK$1.088 billion, respectively

  • Wealth management was thriving, contributing 32% of segment revenue; Hong Kong stock commission income surged 131%, outperforming the market

  • Corporate finance underwriting fee income jumped 85%; ranked 1st by number of placement deals

  • Ranked 1st in the market in terms of the number of lead underwriting projects for Chinese-issued offshore

    bonds; ranked 1st among Chinese securities firms in terms of total lead underwriting amount

  • Ranked 1st among Chinese brokerages by total on-exchange derivatives turnover on HKEX

  • Cross-boundary Wealth Management Connect 2.0 product pool continues to expand; Junhong Global APP keeps upgrading to enable global asset allocation

  • MSCI ESG rating: A; carbon neutrality at the operational level for the third consecutive year

Overview | 4