Sinolink Securities (600109) Q3 2021 earnings summary

Executive summary

• Revenue for the first nine months of 2021 reached RMB 4.92 billion, up 4.04% year-over-year.

• Net profit attributable to shareholders was RMB 1.54 billion, down 1.72% year-over-year.

• Basic EPS for the period was RMB 0.509, a decrease of 1.74% year-over-year.

Financial highlights

• Operating income for Q3 2021 was RMB 1.84 billion, up 0.33% compared to Q3 2020.

• Net profit attributable to shareholders in Q3 was RMB 522.93 million, down 7.24% year-over-year.

• Excluding non-recurring items, net profit for Q3 was RMB 518.97 million, down 7.52% year-over-year.

• Total assets at quarter-end were RMB 82.68 billion, up 22.25% from the end of 2020.

• Owner's equity attributable to shareholders was RMB 23.66 billion, up 5.3% from year-end 2020.

Outlook and guidance

• The company received regulatory approval to pilot fund investment advisory business and to issue up to RMB 5 billion in subordinated bonds.

• Non-public A-share issuance of up to 700 million shares, raising up to RMB 6 billion, is under regulatory review.