Changjiang Securities Company (000783) Q3 2024 earnings summary

Executive summary

• Net profit attributable to shareholders surged 592.52% year-over-year in Q3 2024, with a 19.54% increase for the nine-month period.

• Operating cash flow rose 372.31% year-over-year for the nine-month period, driven by increased financial asset transactions and client settlement inflows.

Financial highlights

• Q3 2024 revenue reached ¥1.95 billion, up 47.96% year-over-year; nine-month revenue was ¥4.80 billion, down 6.70% year-over-year.

• Net profit for Q3 was ¥647 million, and for the nine months ¥1.43 billion.

• Basic and diluted EPS for Q3 were ¥0.11, up 1000% year-over-year; nine-month EPS was ¥0.24, up 14.29%.

• Total assets at period-end were ¥156.12 billion, down 8.56% from year-end 2023.

• Shareholders’ equity increased 9.08% to ¥37.81 billion.

Key financial ratios and metrics

• Weighted average ROE for Q3 was 1.82%, up 1.61 percentage points year-over-year; nine-month ROE was 4.02%, up 0.28 points.

• Risk coverage ratio improved to 378.13% from 252.41% at year-end.

• Capital leverage ratio rose to 19.22% from 14.38% at year-end.

• Net capital/total liabilities increased to 38.26% from 23.74%.

• Liquidity coverage ratio at 169.21%, net stable funding ratio at 174.48%.