Shares of Guotai Haitong (SEHK: 02611) opened significantly higher, gaining more than 6% following the release of a positive profit alert.

At the time of writing, the stock was up 6.3% to HK$16.21, with a turnover of HK$8.6108 million.

The surge follows a company announcement on July 3rd, which provided preliminary estimates for the first half of 2026.

The group anticipates net profit attributable to owners of the parent company to reach between RMB 20.003 billion and RMB 20.511 billion.

This represents an increase of RMB 4.266 billion to RMB 4.774 billion compared to the same period last year, which was RMB 15.737 billion (including negative goodwill from a merger).

The projected year-on-year growth is in the range of 27% to 30%.

Furthermore, the company expects its core net profit, which excludes non-recurring gains and losses, to be between RMB 19.249 billion and RMB 19.757 billion for the period.

This marks a substantial increase of RMB 11.970 billion to RMB 12.478 billion from the prior-year figure of RMB 7.279 billion, translating to a year-on-year surge of 164% to 171%.