HK Stock Market Move | Guotai Haitong (02611) rose more than 4%, expected annual net profit attributable to shareholders to increase by up to 1.15 times year-on-year, The synergy effect of the company's merger is becoming more prominent.

Guotai Haitong (02611) rose by more than 4%, as of the time of writing, it increased by 3.16% to 39.84 Hong Kong dollars, with a trading volume of 20.525 million Hong Kong dollars. On the news front, recently, Guotai Haitong announced that based on preliminary calculations, the group is expected to achieve a net profit attributable to the owners of the parent company of RMB 27.533 billion to RMB 28.006 billion in the fiscal year 2025, an increase of 111% to 115% year-on-year. The net profit attributable to the owners of the parent company after deducting non-recurring gains and losses is expected to be RMB 21.053 billion to RMB 21.516 billion, an increase of 69% to 73% year-on-year. The announcement stated that in 2025, the domestic capital market is active and the economic climate is improving. The company actively seizes market opportunities, fully leverages the advantages of the merged brand, scale effect, and complementary effect, optimizes and upgrades the retail, institutional, and corporate customer service systems, enhances overall capabilities to achieve customer business expansion and quality improvement. The asset size and operating performance have reached historical highs, and business revenues in wealth management, institutional services, and trading have significantly increased year-on-year. In addition, the negative goodwill resulting from the company's acquisition of Haitong Limited has been included in non-operating income.