Huatai Securities (601688) H1 2024 earnings summary

Executive summary

• Operating revenue for 1H24 reached RMB24.878 billion, with net profit attributable to shareholders at RMB5.311 billion, and basic EPS of RMB0.55, reflecting a solid industry position and high-quality development focus.

• Total assets stood at RMB834.58 billion and net assets at RMB183.43 billion as of 1H24.

• The company continues to prioritize shareholder returns, operational efficiency, and digital transformation, aiming for global influence and domestic leadership.

Financial highlights

• Operating revenue decreased from RMB25.953 billion in 1H23 to RMB24.878 billion in 1H24.

• Net profit attributable to shareholders dropped from RMB6.750 billion in 1H23 to RMB5.311 billion in 1H24.

• Return on total assets was 0.6% and return on net assets was 3.2% for 1H24.

• Interim dividend payout for 2024 was RMB1.354 billion, with a cash dividend of RMB1.5 per 10 shares.

Outlook and guidance

• Focus remains on high-quality development, digital finance, and global value chain integration.

• Strategic emphasis on wealth management, institutional services, and technology empowerment to enhance competitiveness.