Guotai Junan International Projects 161% to 202% Net Profit Surge

Guotai Junan International (01788.HK) has announced a significant increase in its expected net profit for the first half of the year. The company projects its net profit for the six months ending June 30, 2025, to be between HKD 515 million and HKD 595 million. This represents a substantial growth of 161% to 202% compared to the HKD 197 million net profit reported in the same period of 2024.

The surge in profit is primarily driven by a notable increase in core business revenues. These include wealth management, corporate finance, asset management, and trading and investment. The company is currently reviewing its interim performance for the six months ending June 30, 2025, and plans to release a detailed performance announcement within the specified time frame as per the listing rules.

Guotai Junan International has been actively expanding its virtual asset business. On June 24th, a subsidiary of Guotai Haitong Group, Guotai Junan International Holdings Limited, received approval from the Hong Kong Securities and Futures Commission to upgrade its existing securities trading license. This upgrade allows the company to provide virtual asset trading services and offer advice based on these services. Customers can now directly trade cryptocurrencies such as Bitcoin, Ethereum, and stablecoins like USDT on their platform.

With this upgrade, Guotai Junan International has become the first Hong Kong-based Chinese-funded securities firm to offer comprehensive virtual asset-related trading services. These services include virtual asset trading, consulting, and the issuance and distribution of related products. The company's efforts in this area have included launching virtual asset ETF structured products, conducting trading platform agency services, and issuing digital bonds. These initiatives are part of a broader strategy to establish Hong Kong as an international virtual asset hub.