Guotai Haitong Securities (02611) published its unaudited 2025 third quarter results. Following the completion of a business combination in March 2025, the company reported consolidated operating income of RMB22.02 billion for the third quarter, up 136% year-on-year, with net profit attributable to equity holders at RMB6.34 billion, a 40.60% increase over the same period last year.

From January to September 2025, operating income reached RMB45.89 billion, a 101.60% rise year-on-year, while net profit attributable to equity holders stood at RMB22.07 billion, up 131.80%. Total assets expanded by 91.74% to RMB2.01 trillion as of 30 September 2025, and equity attributable to equity holders increased by 89.81% to RMB324.14 billion. Management attributes these gains primarily to the enlarged business scale and additional investment income following the absorption of Haitong Securities. The recognition of negative goodwill related to the merger also contributed to the growth in total profit.