Guoyuan Securities Company (000728) Q2 2024 earnings summary

Executive summary

• Achieved net profit attributable to shareholders of ¥1.00 billion, up 9.44% year-over-year, with basic EPS of ¥0.23 and a 2.84% ROE, up 0.11 percentage points.

• Total assets reached ¥149.90 billion, up 12.83% from year-end; net assets attributable to shareholders rose 3.08%.

• Focused on stabilizing core businesses, cultivating new growth drivers, and emphasizing fixed income operations and risk management.

• Achieved steady progress in operational targets and maintained strong liquidity and risk control metrics.

Financial highlights

• Operating revenue was ¥3.08 billion, down 0.85% year-over-year; net profit attributable to shareholders increased 9.44% to ¥1.00 billion.

• Net profit after deducting non-recurring items was ¥997.37 million, up 14.98% year-over-year.

• Net capital rose 11.69% to ¥23.91 billion; risk coverage ratio improved by 5.90 percentage points.

• Cash flow from operating activities was -¥529 million, a significant improvement from -¥4.61 billion in the prior year.

• Non-recurring gains totaled ¥2.81 million, mainly from tax rebate returns.

Outlook and guidance

• The company aims to strengthen its core business, enhance risk management, and pursue high-quality growth.

• Strategic focus remains on comprehensive financial services, innovation, and regional expansion, especially in the Yangtze River Delta.

• Continued focus on optimizing asset-liability structure and implementing transformation and innovation measures.