GF Securities (000776) Q3 2024 earnings summary

Executive summary

• Total operating revenue for Q3 2024 reached ¥7.36 billion, up 54.08% year-over-year.

• Net profit attributable to shareholders for Q3 was ¥2.40 billion, an 88.90% increase year-over-year.

• Year-to-date (Jan–Sep) operating revenue was ¥19.14 billion, up 6.24% year-over-year; net profit attributable to shareholders was ¥6.76 billion, up 16.43%.

Financial highlights

• Basic and diluted EPS for Q3 were ¥0.29, up 107.14% year-over-year; year-to-date EPS was ¥0.80, up 14.29%.

• Net cash flow from operating activities for Jan–Sep was ¥31.16 billion, up 150.77% year-over-year.

• Total assets at Q3-end were ¥770.65 billion, up 12.97% from year-end 2023.

• Shareholders’ equity at Q3-end was ¥142.79 billion, up 5.21% from year-end 2023.

• Investment income for Jan–Sep rose 62.26% year-over-year to ¥5.55 billion.

Outlook and guidance

• Management and board confirm the accuracy and completeness of the report and financials.