GF Securities Co: Revenue up 28.77% year-over-year, but net profit growth slowed amid rising costs

Revenue and net profit surged 18.43% and 48.31% year-over-year in H1 2025, driven by strong performance across all business segments and robust risk management. Interim dividend of RMB1.00 per 10 shares approved, with continued focus on high-quality growth and digital transformation.

Original document: GF Securities Co., Ltd. Class A [000776] Interim report — Aug. 29 2025

Q1 2025 saw a 46% year-over-year revenue increase and a 79% rise in net profit, driven by strong investment gains and higher fee income. Key risk and liquidity ratios remain compliant, while significant capital actions and offshore bond issuances were completed.

Original document: GF Securities Co., Ltd. Class A [000776] Interim report — Apr. 29 2025

GF Securities achieved 16.7% revenue and 38.1% net profit growth in 2024, with strong performance across all business lines, robust risk management, and a 39.5% dividend payout. The company remains well-capitalized and focused on digital transformation and compliance.

Original document: GF Securities Co., Ltd. Class A [000776] Annual Report — Apr. 2 2025

Financial companies in China are accelerating the integration of DeepSeek's open-source large language models into their systems to boost efficiency, Yicai Global reported Monday, citing industry insiders.

Banks and lenders are using chatbots in internal artificial intelligence office tasks, code writing and smart customer services, but these are rarely used in bank account transactions, China Banking Association Chief Information Officer Gao Feng told Yicai.

Bank of Jiangsu said it deployed DeepSeek-VL2 and DeepSeek-R1, a multimodal model and lightweight inference model, respectively, for the quality inspection of smart contracts and automated valuation reconciliation, the report said.

The DeepSeek AI assistant is being deployed in the systems of over 10 fund managers, including China Universal Asset Management, Lion Fund and Fullgoal Fund, the report said.

Securities companies, such as Guotai Junan Securities , Sinolink Securities and GF Securities , are using DeepSeek-R1 in some scenarios, the report said.

Moreover, Ping An Insurance (Group) told Yicai that it is looking at the deployment of big data open-source platforms, the report said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Q3 2024 net profit attributable to owners surged 88.90% year-over-year, with total operating revenue up 54.08%. Strong investment gains and fair value changes offset a sharp decline in net interest income, while liquidity coverage ratio fell significantly.

Original document: GF Securities Co., Ltd. Class A [000776] Interim report — Oct. 30 2024

GF Securities reported H1 2024 net profit of RMB4,362 million, down 3.88% year-over-year, with total revenue and other income declining 5.25%. Despite market headwinds, the company maintained strong risk metrics, grew assets, and proposed an interim cash dividend.

Original document: GF Securities Co., Ltd. Class A [000776] Interim report — Aug. 30 2024