China Great Wall Securities (002939) Q3 2024 earnings summary

Executive summary

• Q3 2024 revenue was ¥867.65 million, down 8.38% year-over-year; YTD revenue was ¥2.85 billion, down 9.45% year-over-year.

• Q3 net profit attributable to shareholders rose 16.44% year-over-year to ¥376.53 million; YTD net profit fell 9.46% to ¥1.10 billion.

• Basic and diluted EPS for Q3 were ¥0.09, up 12.5% year-over-year; YTD EPS was ¥0.27, down 10%.

• Total assets at period end reached ¥120.05 billion, up 3.81% from year-end 2023.

Financial highlights

• Operating cash flow for the first nine months was ¥14.09 billion.

• Non-recurring gains for the first nine months totaled ¥6.05 million, mainly from tax handling fee rebates.

• Weighted average ROE for Q3 was 1.28%, up 0.13 percentage points year-over-year; YTD ROE was 3.77%, down 0.56 percentage points.

Key financial ratios and metrics

• Risk coverage ratio: 254.85%; capital leverage ratio: 23.48%; liquidity coverage ratio: 301.03%.

• Net capital/Net assets: 74.68%; net capital/liabilities: 35.45%.

• Financing (including margin) to net capital: 91.36%.