Guosen Securities (002736) Q3 2024 earnings summary

Executive summary

• Net profit attributable to shareholders for the first nine months reached ¥4.88 billion, up 0.10% year-over-year, with Q3 net profit at ¥1.74 billion, up 35.50% compared to the same quarter last year.

• Total operating revenue for the first nine months was ¥12.27 billion, a 6.58% increase year-over-year.

• Basic and diluted EPS for the first nine months were both ¥0.41, up 50% year-over-year.

Financial highlights

• Operating cash flow for the first nine months was ¥56.21 billion, a significant turnaround from negative cash flow in the prior year.

• Total assets at Q3-end were ¥484.13 billion, up 4.57% from the previous year-end.

• Shareholders’ equity reached ¥114.31 billion, up 3.49% from year-end.

• Weighted average ROE for the first nine months was 4.74%, down 0.26 percentage points year-over-year.

Outlook and guidance

• The company is actively advancing the acquisition of a 96.08% stake in Wanhe Securities via share issuance, with due diligence and audits ongoing.

• Asset management subsidiary setup completed registration in April 2024, with further business development underway.