Nanjing Securities (601990) H2 2024 earnings summary

Executive summary

• Achieved operating revenue of RMB 31.48 billion, up 27.13% year-over-year, driven by growth in proprietary investment, brokerage, and asset management income.

• Net profit attributable to shareholders reached RMB 999 million, a 47.61% increase year-over-year.

• Focused on strategic transformation, management improvement, and supporting the real economy and wealth management.

Financial highlights

• Operating profit rose 50.01% year-over-year to RMB 1.28 billion.

• Total assets at year-end were RMB 69.78 billion, up 19.26% from the start of the year.

• Basic EPS was RMB 0.27, up 50% year-over-year.

• Shareholders' equity at year-end was RMB 17.87 billion, up 4.05% from the start of the year.

• Cash dividend distributions for 2023 and 2024 interim totaled RMB 472 million (pre-tax).

Outlook and guidance

• Continued focus on business transformation and management enhancement to drive quality and efficiency.