Guotai Junan International posted robust interim results for the six months ended 30 June 2026, with revenue rising 37.0% year on year to HKD 3.87 billion. Profit attributable to ordinary equity holders advanced 23.0% to HKD 674.86 million, driven by double-digit gains across key business lines and stringent cost control.\n\nCommission and fee income surged 62.0% to HKD 874.18 million, buoyed by a 54.0% jump in brokerage commissions (HKD 496.77 million) and a 65.0% increase in placing and underwriting fees (HKD 271.89 million). Interest income climbed 26.0% to HKD 1.51 billion, supported by a 64.0% rise in interest from fixed-income securities. Net trading and investment income expanded 37.0% to HKD 1.49 billion, underpinned by an 83.0% uplift in client-driven financial-product income to HKD 1.02 billion.\n\nBy segment, Institutional Investor Services revenue more than doubled to HKD 2.01 billion (+143.0%), propelled by growing demand for cross-border products. Corporate Finance revenue surged 92.0% to HKD 388.46 million, supported by a 92.0% rebound in Hong Kong IPO fundraising. Wealth Management revenue grew 14.0% to HKD 1.04 billion, while Investment Management revenue declined 51.0% to HKD 427.98 million, reflecting market volatility in securities prices.\n\nTotal assets reached HKD 217.02 billion, up 41.0% from end-2025, as the Group expanded client-driven financial-product holdings and added high-quality fixed-income securities. Total liabilities increased 46.0% to HKD 200.72 billion, lifting the nominal leverage ratio to 12.42 times (2025: 8.74 times). Shareholders’ equity edged 2.0% higher to HKD 16.19 billion, while the gearing ratio rose to 2.22 times (2025: 1.68 times).\n\nOperating costs grew 41.0% to HKD 3.01 billion, largely due to higher financing charges and handling expenses linked to the enlarged balance sheet. Net cash outflow totaled HKD 2.59 billion, reflecting increased business activity and debt repayments. As of period-end, the Group had HKD 4.98 billion in cash and cash equivalents and maintained HKD 35.00 billion in available medium-term note capacity.\n\nThe Board declared no interim dividend, compared with HKD 0.05 per share a year earlier, citing the ongoing pre-conditional privatisation proposal. Management highlighted continued investment in AI-enabled platforms, including the proprietary “Archer” advisory system, and reiterated its focus on wealth management, corporate finance and institutional services to sustain long-term growth.