Huatai Securities announced on August 29 that the company achieved operating revenue of 16.219 billion yuan in the first half of 2025, representing a 31% year-on-year increase. Net profit attributable to shareholders reached 7.549 billion yuan, marking a 42% year-on-year growth. Since the beginning of the year, the company has capitalized on market opportunities, delivering steady overall performance improvements while maintaining its leading industry position in profitability and asset scale. The company also declared an interim dividend of 1.5 yuan per 10 shares, continuing to create shareholder value.
Currently, China's innovation-driven development and opening-up continue to accelerate, with growing demand from Chinese enterprises for global financial services. Huatai Securities remains client-centric, committed to serving high-quality development of the real economy. Leveraging rich capital market experience, an efficient integrated domestic and international framework, and advanced digital finance platforms, the company continues providing quality global financial solutions to clients, serving national strategies with professional expertise and providing financial support for the accelerated release of China's economic innovation vitality.
**Advancing with Era Innovation, Serving Real Economy with Professional Excellence**
Huatai Securities closely integrates its development with era innovation, continuously supporting technological advancement. In the first half of 2025, the company leveraged its comprehensive business chain service system to focus on supporting technology innovation, healthcare, and green sustainable sectors. Its rankings in equity and debt financing, mergers and acquisitions continued leading the industry. Equity underwriting achieved 14 deals worth 49 billion yuan in the first half, representing substantial year-on-year growth, with A-share IPO underwriting scale ranking second in the industry. The company served as independent financial advisor for the highest number of newly disclosed regulatory review-type restructuring projects in the industry.
In the first half, the company underwrote 108 technology innovation bonds totaling 37.1 billion yuan. Committed to sustainable development and providing financial support for green low-carbon transformation, it underwrote 27 green bonds totaling 6.9 billion yuan.
Private equity investment and asset management businesses focus on serving strategic emerging industries, providing full lifecycle services to support enterprise growth and strengthening the industrial foundation for high-quality local economic development. Huatai Zijin, committed to regional economic development and enhancing strategic synergy value, steadily expanded management scale. By mid-year, it managed 32 private equity investment funds in total, implementing 15 investment projects during the reporting period. Huatai Securities Asset Management's total management scale grew steadily, launching 77 new ABS products in the first half, ranking first in the industry. It collaborated with CSI to develop the market's first manager ABS index, further connecting ABS business investment and financing linkage. In the first half, Huatai Securities supported the issuance of public REITs totaling 4.7 billion yuan, ranking first in the industry. According to Securities Association of China statistics, the company's actual winning amount for local government bonds reached 12.8 billion yuan, ranking first in the industry.
**Deepening Domestic-International Integration, Building Global Service Network**
Huatai Securities actively responds to market and client needs, enhancing cross-border service capabilities to support Chinese enterprise globalization. In the first half of 2025, its Singapore subsidiary newly obtained Singapore Exchange Mainboard sponsor qualification. Its US subsidiary obtained non-US sovereign debt broker-dealer qualification (including Europe, UK, Canada, Latin America, Japan, Southeast Asia government bonds), actively advancing cross-border interactive business to provide integrated services for global investors. In July 2025, the Singapore subsidiary obtained Foreign Portfolio Investor registration certificate (FPI) from the Securities and Exchange Board of India, officially qualifying to invest in India's capital market.
In the first half, the company landed multiple benchmark projects in Hong Kong market, supporting quality enterprises in completing cross-border listings, equity and debt issuances, and cross-border M&A restructuring. With 9 Hong Kong IPO sponsor projects, ranking second by number and maintaining comprehensive strength in Hong Kong's first tier. Research business actively expanded global perspective, with overseas research coverage increasing 125% year-on-year and overseas research report volume growing 96% year-on-year. Sales and trading enhanced domestic-international integration coordination, precisely serving differentiated needs of different markets and client types, with top strategic client service rankings continuously improving and professional service capabilities gaining market recognition.
**AI Reshaping New Development Advantages, Digital Intelligence Empowering All Business Scenarios**
Around the transformation vision of "All in AI, AI reshaping new development advantages," the company actively explores using AI to reshape business models and service scenarios. It has implemented a large model platform system integrating heterogeneous computing power, large model operational management, and application development, fully leveraging the company's advantages in financial scenarios and data to proactively advance intelligent construction and upgrades in multiple areas including intelligent investment research, intelligent investment advisory, intelligent investment banking, and intelligent operations.
Currently, AI in the financial industry is no longer merely a productivity tool but has evolved into automated workforce and decision-support work deeply embedded in organizational structures and business scenarios. Therefore, the next phase of the company's digital transformation will progress from "scenario breakthrough" to "system construction," focusing on two major objectives: "internal quality and efficiency enhancement" and "external service optimization," creating a collaborative and efficient AI application ecosystem. For internal efficiency improvement, the company has proactively positioned in the intelligent agent track, advancing AI evolution from "Q&A mode" to "execution mode," orchestrating intelligent agents as "digital employees" to enhance employee professional capabilities, improve work efficiency, convenience, and information volume, deeply activating employee potential and organizational efficiency. For external empowerment, it accelerates valuable application implementation, advancing deep collaboration between intelligent tools and professional services, closely following technological frontiers, combining advanced technology with its own scenario planning to drive transformation from "efficiency improvement" to "model reconstruction," supporting industry digitalization development to reach new levels.
China's development increasingly features innovation, and the global innovation landscape increasingly depends on China's participation and promotion. Huatai Securities has genuinely joined the era's innovation wave, internalizing innovative spirit as core driving force, committed to driving fintech with digital finance and building bidirectional bridges connecting global capital with China's technological innovation. Looking ahead, the company will persist in serving national strategies as its mission, leveraging deep industry perspective and technological foresight to serve industrial innovation, safeguarding Chinese enterprises in highly uncertain global markets.