Guotai Junan Securities: It is expected that the net profit in the first half of the year will increase by 27% to 30% year-on-year.

Guotai Haitong announced that it is expected to achieve a net profit attributable to the owners of the parent company of RMB 20.03 billion to RMB 20.511 billion in the first half of 2026, an increase of 27% to 30% year-on-year. It is expected that the company's net profit attributable to the owners of the parent company after deducting non-recurring gains and losses in the first half of 2026 will be RMB 19.249 billion to RMB 19.757 billion, an increase of 164% to 171% year-on-year. It is expected that the company will achieve a net profit attributable to the owners of the parent company of RMB 13.615 billion to RMB 14.123 billion in the second quarter of 2026, an increase of 290% to 304% compared to the second quarter of 2025, and an increase of 113% to 121% compared to the first quarter of 2026.