Guotai Haitong Kicks Off Financial Sector’s H1 Performance Forecasts: Non-GAAP Net Profit Surges Over 164%, Hitting an ATH!
Guotai Haitong released its 2026 semi-annual performance forecast, estimating net profit attributable to shareholders at RMB 20.003 billion to RMB 20.511 billion, and year-on-year growth in non-GAAP net profit attributable to shareholders at 164%-171%, both setting new all-time highs. Non-GAAP net profit in the second quarter surged 137%-146% quarter-on-quarter. The performance growth was mainly driven by deepened integration and significant growth in businesses such as wealth management and investment banking. H1 results have already exceeded the average full-year analyst forecast, demonstrating strong performance
The curtain has risen on the 2026 semi-annual performance forecasts for financial stocks, with Guotai Haitong Securities taking the lead.
According to Guotai Haitong's announcement, in the first half of 2026, the company expects to achieve a net profit attributable to shareholders of RMB 20.003 billion to RMB 20.511 billion; and a non-GAAP net profit attributable to shareholders of RMB 19.249 billion to RMB 19.757 billion, representing a year-on-year growth rate of 164% to 171%.
Both figures mark new historical highs for Guotai Haitong's semi-annual performance since its merger.
Meanwhile, relevant data shows that in the second quarter of 2026, Guotai Haitong expects to achieve a non-GAAP net profit of RMB 13.538 billion to RMB 14.046 billion, an increase of 137% to 146% quarter-on-quarter compared to the first quarter of 2026, also setting a new historical high for the company's single-quarter performance.
Consensus earnings forecasts from analysts compiled by WIND show that analysts' forecast for Guotai Haitong's full-year 2026 net profit attributable to shareholders is RMB 28.048 billion. The newly released forecast indicates that over RMB 19.2 billion was already achieved in the first half, suggesting that the semi-annual results will significantly exceed analyst expectations.
Regarding the main reasons for the projected performance increase, Guotai Haitong stated that in the first half of 2026, the company coordinated the promotion of integration, synergistic collaboration, and deepened reforms, focusing on building a full-chain advantage of "investment + investment banking + investment research" to serve new quality productive forces, continuously improving the level of comprehensive financial services, and accelerating the release of integration efficiencies. Revenue from businesses such as wealth management, investment banking, institutional and trading, and investment management grew significantly year-on-year, with operating performance hitting a new historical high for the same period, laying a solid foundation for accelerating the creation of a first-class investment bank with international competitiveness and market leadership.
As one of the industry leaders, Guotai Haitong's performance forecast has also sparked great interest from outsiders regarding the future performance of other top-tier brokerages, and whether the related industry rankings will change as a result is a key point to watch.
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