Guotai Haitong (02611) is pleased to announce that it is expected to achieve a net profit attributable to shareholders of 20.03 billion to 20.51 billion Yuan in the mid-term, representing a year-on-year increase of 27% to 30%.

Guotai Haitong (02611) announced that, based on preliminary calculations, it is estimated that the net profit attributable to the owners of the parent company in the first half of 2026 will be between RMB 200.03 billion and RMB 205.11 billion. Compared to the same period last year (RMB 157.37 billion, including negative goodwill generated by mergers), this represents an increase of RMB 42.66 billion to RMB 47.74 billion, a year-on-year increase of 27% to 30%. It is expected that the net profit attributable to the owners of the parent company, excluding non-recurring gains and losses, will be between RMB 192.49 billion and RMB 197.57 billion in the first half of 2026. This is an increase of RMB 119.70 billion to RMB 124.78 billion compared to the same period last year (RMB 72.79 billion), representing a year-on-year increase of 164% to 171%. In the second quarter of 2026, it is anticipated that the net profit attributable to the owners of the parent company will be between RMB 136.15 billion and RMB 141.23 billion. This represents an increase of RMB 101.20 billion to RMB 106.28 billion compared to the second quarter of 2025 (RMB 34.95 billion), a year-on-year increase of 290% to 304%. Compared to the first quarter of 2026 (RMB 63.88 billion), this represents an increase of RMB 72.27 billion to RMB 77.35 billion, a quarter-on-quarter increase of 113% to 121%. It is forecasted that the net profit attributable to the owners of the parent company, excluding non-recurring gains and losses, will be between RMB 135.38 billion and RMB 140.46 billion in the second quarter of 2026. Compared to the second quarter of 2025 (RMB 39.87 billion), this represents an increase of RMB 95.51 billion to RMB 100.59 billion, a year-on-year increase of 240% to 252%. Compared to the first quarter of 2026 (RMB 57.11 billion), this represents an increase of RMB 78.27 billion to RMB 83.35 billion, a quarter-on-quarter increase of 137% to 146%. In the first half of 2026, the capital market stabilized and improved, and the company focused on the strategic goal of "leading domestically and excelling internationally". It seized the historical opportunity of high-quality development in the capital market and the accelerated construction of the Shanghai International Financial Center. The company focused on financial "five major tasks", implemented a customer-centric business philosophy, promoted integration, synergy, and deepened reform, and built a full-chain advantage of "investment + investment banking + investment research" services, continuously improved comprehensive financial services, accelerated the release of integration efficiency, and witnessed significant growth in business income from wealth management, investment banking, institutions and trading, investment management, etc. The operating performance reached a historical high for the same period, laying a solid foundation for shaping a world-class investment bank with international competitiveness and market leadership. In the first half of 2026, the net profit attributable to the owners of the parent company, excluding non-recurring gains and losses, is expected to increase by 164% to 171% year-on-year, while the net profit attributable to the owners of the parent company is expected to increase by 27% to 30% year-on-year, as the data for the same period last year included negative goodwill generated by mergers.