Investment Banking and Brokerage

SDIC Capital

SDIC Capital released FY2026 Q1 earnings on April 29 Pre-Market (BJT), actual revenue CNY 3.124 B, actual EPS CNY 0.12

SDIC Capital to Release FY2026 Q1 Earnings on April 30 Pre-Market BJT

SDIC Capital released FY2025 Q4 earnings on April 2 After-Market (BJT), actual revenue CNY 1.947 B, actual EPS CNY 0.0628

SDIC Capital released FY2025 Annual Earnings on April 2 After-Market (BJT), actual revenue CNY 10.47 B (forecast CNY 15.61 B), actual EPS CNY 0.49 (forecast CNY 0.6388)

SDIC Capital to Release FY2025 Earnings on April 3 After-Market BJT, Forecast Revenue CNY 15.61 B, EPS CNY 0.6388

SDIC Capital released FY2025 Q3 earnings on October 30 After-Market BJT, actual revenue CNY 3.328 B, actual EPS CNY 0.1701

SDIC Capital released FY2025 9 Months earnings on October 30 After-Market (BJT), actual revenue CNY 8.519 B, actual EPS CNY 0.42

SDIC Capital to Release FY2025 Q3 Earnings on October 31 After-Market (BJT)

SDIC Capital to Release FY2025 Semi-Annual Earnings on August 30, 2025 (BJT)

GCIC Subsidiary Watches Hong Kong's Virtual Asset Market

Guotai Securities Announces Unaudited Semi-annual Report for 2025

SDIC Capital released FY2025 Semi-Annual earnings on July 16 During-Market (BJT), actual revenue CNY 5.598 B, actual EPS CNY 0.2653

SDIC Capital released FY2025 Q2 earnings on July 16 During-Market (BJT), actual revenue CNY 2.663 B, actual EPS CNY 0.1499

Guotou Capital Maintains A Rating in ESG Evaluation

Guotou Capital CEO Lu Jun Resigns

Guoziben Capital Elects Cui Hongqin as New Chairman

Investor Questions GTC Capital on Potential Merger with CMOC Capital and Share Repurchase Plan

Guozhi Capital Approved to Issue Up to 4 billion RMB Perpetual Bonds

SIC Initiates BRI-Related Financial Services

Guoziben Capital Explains Disparity in Revenue and Net Profit Growth in Q1

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After enduring two and a half years of failed listings and discounted persistence, the 5.93% equity held by CGN Power's financial subsidiary, a minor shareholder of Anxin Fund, was ultimately "taken over" by the major shareholder, SDIC Securities

Wallstreetcn

CGN POWER

Bosera CSI All Share Electric Utilities ETF

GF CSI All Share Power Public Service ETF

ChinaAMC Green Electricity ETF

After two failed auctions and more than two years of struggling with a discounted price, the 5.93% equity of Anxin Fund was "taken over" by the major shareholder

SDIC UBS Fund Management Co., Ltd. announced a special "settlement" for individual investors who confirmed their redemptions, which may have a negative impact on SDIC Capital's net profit attributable to the parent company for the year 2026, with an estimated impact amount of less than 5%, approximately 135 million yuan. The overall expenditure of SDIC Capital is expected to not exceed 432 million yuan

A fund company's "settlement" may affect annual profits?

According to domestic media reports, Tianyancha data shows that Guochuang Qicheng (Shanghai) Venture Capital Fund Partnership has recently been officially established, with a capital contribution of 10 billion RMB. The business scope includes venture capital (limited to investments in unlisted companies). The executing partner of the fund is Jianxin Jintou Private Fund Management (Beijing), Jiaoyin Capital Management, and Guotou Innovation Investment Management, with investors including the National Social Security Fund Council, China National Investment Group, and Jiaoyin Financial Asset Investment

AASTOCKS

According to reports, the National Social Security Fund and others have invested 10 billion RMB to establish a venture capital fund in Shanghai

Shanghai-based AI startup StepFun has raised over $718 million in a B+ financing round, marking the largest single financing in China's large-model sector in the past year. The round included investments from Shanghai SDIC Leading Fund, China Life Private Equity, and others, alongside existing shareholders like Tencent. The funds will be used to enhance foundational model development and implement StepFun's AI+terminal strategy.

TechNode

Tencent

TENCENT

Tencent Holdings Limited

Shanghai AI unicorn StepFun raises over $718 million in B+ Round

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The securities sector fluctuated and rose, with XIANGCAI up over 5%. SDIC Capital, Guosheng Finance, HHT Investment, Changjiang Securities, HTSC, and others had notable gains

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GUOSHENG SECURITIES

Changjiang Securities

HTSC

XIANGCAI

The securities sector fluctuated and rose, with XIANGCAI gaining over 5%

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The securities sector rapidly surged, with XIANGCAI hitting the daily limit, while SDIC Capital, Changjiang Securities, INDUSTRIAL SECURITIES, and SCS all rose

INDUSTRIAL SECURITIES

The securities sector rapidly surged, with XIANGCAI hitting the daily limit

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As the midday break approaches, the large financial sector has risen again, with COMPASS up over 10%, reaching a historical high. Huijin, COFCO CAPITAL, and Capital Securities have hit the daily limit, while Great Wall Securities, Shaanxi International Trust, Cinda Securities, and SDIC Capital have also followed suit

Huijin

COFCO CAPITAL

Capital Securities

COMPASS

The large financial sector has risen again, with COMPASS up over 10%, reaching a historic high

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Who are the dark horses in investment banking?

- The investment banking sector remains a core battleground for brokerages, with revenue and project reserves determining market leaders.  
- In the first half of 2025, major firms like CITIC Securities and Shenwan Hongyuan reported significant net incomes, while others showed remarkable recoveries from previous losses.  
- Emerging players like Dongxing Securities and Guotou Capital demonstrated rapid advancements, indicating a shift in the competitive landscape of investment banking.

CICC

CITIC Securities Co., Ltd.

CITIC SEC

The bull market returns, and the rankings of securities firms' investment banking for the first half of the year are revealed

SDIC Capital announced that in the first half of 2025, operating income was 6.785 billion yuan, a year-on-year increase of 1.02%; net profit was 1.7 billion yuan, a year-on-year increase of 35.96%. As of the end of the reporting period, total assets were 320.746 billion yuan, a year-on-year increase of 6.07%; net assets attributable to shareholders of the listed company were 55.784 billion yuan, a year-on-year increase of 1.57%

SDIC Capital: Net profit in the first half of 2025 increased by 35.96% year-on-year

Three adjustments in one day! Personnel changes at SDIC Securities Asset Management Company exposed

SDIC Capital(600061.SH)