Guoyuan Securities unveiled its 2025 interim performance report, revealing record-setting profitability metrics unseen in the past decade. During the first half, the brokerage achieved total operating revenue of ¥3.397 billion—a striking 41.60% year-over-year surge. Net profit attributable to shareholders soared to ¥1.405 billion, marking a robust 40.44% increase. This acceleration builds upon 2024's first-half net profit of ¥1.000 billion, establishing the strongest half-year earnings since 2016.

Quarterly analysis demonstrates consistent upward momentum. First-quarter revenue reached ¥1.519 billion, climbing 38.37% annually, while net profit hit ¥641 million. The second quarter then delivered ¥1.878 billion in revenue—23% sequential growth—and net profit of ¥764 million, representing 19% quarterly improvement. Yearly profit growth accelerated from 38% in Q1 to 42% in Q2, signaling strengthening operational vigor.

Multiple business lines fueled this expansion. Net fee and commission income surged dramatically, with brokerage commissions buoyed by heightened market activity. Q1 brokerage fees alone hit ¥445 million—equivalent to 75% of H1 2024's total—benefiting from increased trading volumes and client engagement. Investment banking fees rebounded to ¥76 million in Q1, already surpassing H1 2024's ¥63 million, indicating progress in bond underwriting and equity offerings. Asset management fees, however, remained subdued at ¥25 million.

Crucially, securities investment gains propelled overall performance. Q1 investment returns totaled ¥724 million (¥948 million net investment income minus ¥224 million fair value fluctuations), substantially exceeding 2024's comparable ¥452 million. This aligns with the company's acknowledgment of "strong growth in securities investment income."

Balance sheet management reflected strategic agility. Total assets edged up 2.96% to ¥177.204 billion by June, primarily driven by client transaction settlement funds swelling to ¥32.591 billion. Asset allocation shifted dynamically: trading financial assets expanded 16.26% to ¥39.438 billion, while other debt investments contracted 8.85% to ¥53.817 billion—a tactical pivot toward flexible market exposure.

Liability structures maintained stability. Client fund liabilities rose proportionally with deposits, while repurchase financing held steady at ¥44.237 billion. Interbank borrowing plateaued at ¥4.4 billion after previous expansions, indicating controlled leverage. These funding channels preserved liquidity without compromising financial health.

Shareholders' equity grew 2.46% to ¥37.952 billion, lifting net assets per share to ¥8.70. Annualized ROE jumped to 7.5%—a significant 1.44-percentage-point improvement over 2024's 6.06%—showcasing enhanced capital efficiency.