Guotai Junan International 2019 Interim Results Released: Dividend increased by 27% YOY

SHANGHAI,Sept. 10,2019 -- Guotai Junan International Holdings (Stock code: 1788.HK) recently released its interim results of 2019. During the period,benefiting from the Group's favorable performances of its debt and equity capital market ("DCM" and "ECM"),brokerage and other businesses,the Group recorded a total revenue of HKD 2.36 billion approximately,representing an increase of 41% as compared with the same period of last year. The profit attributable to shareholders amounted to HKD640 million,representing a YOY growth of approximately 26% as compared with first half of 2018 and a HOH surge of 120% as compared with second half of 2018. The annualized return on equity (ROE) of the Group rose by 4 percentage points to 12% year-over-year. The Board has declared an interim dividend of HKD0.042 per ordinary share,up by 27% YOY,with the same payout ratio as last year of 50%.

GTJAI's revenue structure has become more balanced and diversified during 1H2019. Among all,the fee and commission income,interest income and investment income accounted for 34%,33% and 33% of the total revenue,respectively. During the period,with a steady growth in corporate finance and brokerage business,the Group recorded a fee and commission based income of HKD

790 million,up by 18% YOY,which is in line with the Group's sustainable development strategy as a financial service provider.

In the first half of 2019,GTJAI's brokerage business grew by 7.5% YOY to approximately HKD 292 million. In the first half of 2019,the Group recorded a total amount of client assets under custody HKD 235 billion,up by approximately 40% from the end of 2018. As the number of professional investors and clients increased steadily,its average account balance grew by 61% to HKD 52.01 million from the end of last year.

The Group maintain its leadership in the Hong Kong debt capital market,reaching a historic high with its revenue in this segment increasing by 26% YOY to HKD 320 million. The Group's debt securities underwriting team has participated in a total of 106 debt issuance activities throughout the first half of 2019,successfully assisting corporations to raise fund of nearly HKD 244.8 billion in the bond market,up by 48% YOY.

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