GUOTAI JUNAN I (01788) announced its interim results, with profit attributable to ordinary shareholders approximately HKD 675 million, representing a year-on-year growth of 23%.

GUOTAI JUNAN I (01788) announced its interim results for 2026, with revenue of approximately HKD 3.871 billion, a year-on-year increase of 37%; profit attributable to ordinary shareholders was approximately HKD 675 million, a year-on-year increase of 23%; basic earnings per share were HKD 0.0708. Among these, commission and fee income surged by 62% year-on-year to HKD 874 million (HKD 541 million in the same period of 2025). In the first half of the year, IPO fundraising in the Hong Kong stock market increased significantly by 92%, driving a substantial increase of 65% in the groups placement, underwriting, and sub-underwriting commission income to HKD 272 million. With vibrant stock market trading and high transaction volume, alongside the group's launch of diversified products to meet customer demand, brokerage commission revenue also saw a significant increase of 54% to HKD 497 million, primarily driven by over-the-counter products, U.S. stock transactions, and IPO stock trading. Commission revenue from Hong Kong stocks also rose slightly, while bond trading commissions saw a decline, partially offsetting the increase. Interest income rose by 26% year-on-year to HKD 1.511 billion (HKD 1.196 billion in the same period of 2025). The group gradually increased its asset allocation toward low-risk, high-rating, and high-liquidity fixed-income securities, with interest income from fixed-income securities surging by 64% to HKD 509 million. As market interest rates decreased, bank interest income fell by 14% to HKD 316 million; meanwhile, interest income from other financial institutions rose significantly by 51% to HKD 458 million, primarily due to an increase in receivables from reverse repurchase agreements, contributing to higher interest income from those agreements. Net trading and investment income increased by 37% to HKD 1.485 billion (HKD 1.088 billion in the same period of 2025). The group's trading and investments primarily support the development of wealth management, institutional investor services, corporate financing, and asset management businesses. During the period, the group actively developed cross-border financial product businesses, providing financial products that meet diverse customer needs, resulting in a substantial year-on-year increase of 83% in net income from financial products to HKD 1.020 billion. In the first half of 2026, with fluctuations in the stock and bond markets, trading profits from the groups fixed-income securities, non-consolidated investment funds, derivatives, and equity investments declined year-on-year, primarily due to the impact of market fluctuations on held investment securities, with net income for the first half of 2026 amounting to HKD 466 million (HKD 531 million in the same period of 2025).