Yuanta Financial Holding (2885) Q2 2024 earnings summary

Executive summary

• Consolidated financial statements for the six months ended June 30, 2024, were audited and present fairly in all material respects in accordance with relevant regulations and IFRS.

• The audit opinion is unqualified, with key audit matters identified in impairment evaluation, fair value valuation, goodwill impairment, and insurance liabilities.

Financial highlights

• Total assets as of June 30, 2024, were NTD 3,591,287,004 thousand, up from NTD 3,221,729,589 thousand a year earlier.

• Consolidated net income for the six months ended June 30, 2024, was NTD 18,833,609 thousand, up from NTD 15,839,531 thousand for the same period in 2023.

• Basic earnings per share for the six months ended June 30, 2024, was NTD 1.36, compared to NTD 1.16 for the same period in 2023.

• Total equity attributable to owners as of June 30, 2024, was NTD 317,315,593 thousand.

Outlook and guidance

• The group continues to monitor regulatory changes, including new IFRS standards, with no significant impact expected from recent amendments.

• Capital adequacy ratio remains strong at 131.16% as of June 30, 2024.