GF Securities (000776) Q2 2024 earnings summary

Executive summary

• Total assets reached ¥689.33 billion as of June 30, 2024, up 1.05% from year-end 2023.

• Net profit attributable to shareholders was ¥4.36 billion, down 3.88% year-over-year.

• Operating income for H1 2024 was ¥11.78 billion, a decrease of 11.02% year-over-year.

• The company maintained leading positions in core business metrics within the industry.

Financial highlights

• Net profit attributable to shareholders: ¥4.36 billion, down 3.88% year-over-year.

• Operating income: ¥11.78 billion, down 11.02% year-over-year.

• Basic and diluted EPS: ¥0.52, down from ¥0.56 year-over-year.

• Net assets attributable to shareholders: ¥140.70 billion, up 3.67% from year-end 2023.

• Cash flow from operating activities: -¥33.57 billion, compared to +¥7.88 billion in H1 2023.

Outlook and guidance

• The company will continue to focus on high-quality development, risk management, and supporting national strategies.

• Plans to maintain prudent operations and further enhance digital and technological capabilities.

• Mid-year dividend proposal: ¥1.00 cash dividend per 10 shares (pre-tax).