Movement Alert|GF Securities Rises 3.3% in Regular Trading, H1 Earnings Forecast of 70%-85% Growth Beats Expectations

Market Focus07-15

On July 15, GF Securities rose 3.3% in regular trading, trading at HKD 17.24/share, with turnover of HKD 24.15 million.

On the news front, the company disclosed its half-year earnings forecast on July 14, projecting H1 net profit attributable to shareholders of RMB 11.0-12.0 billion, representing year-over-year growth of 70%-85%. The strong performance was driven by favorable capital market conditions, with revenue growth across wealth management, trading and institutional services, investment management, and investment banking segments. Based on calculations, Q2 standalone net profit is estimated at RMB 6.29-7.29 billion, up 33%-54% sequentially from Q1's RMB 4.71 billion, indicating clear earnings acceleration.

Additionally, the company recently completed its sixth tranche of corporate bonds and launched a fifth tranche of short-term bonds worth up to RMB 6 billion, with credit ratings maintained at AAA/A-1 by China Chengxin International, reflecting strong institutional confidence in the company's credit quality.

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