China

CITIC Securities Posts Net Profit of RMB 716.58 Mln for July

Summary:

  • In a statement to the Shanghai Stock Exchange, CITIC Securities (6030.HK) has announced it recorded a net profit of RMB 716.58 million for July and revenue of RMB 1.52 billion.
  • CITIC Securities‘ unit in Shandong Province posted a net profit of RMB 25 million for July and revenue of RMB 87.7 million.
  • CITIC Securities’ fully-owned subsidiary, CITIC Big Sun Securities, posted a net profit of RMB 90,000 for July and revenue of RMB 320,000.

 

 

Why It Matters:

  • For July 2016, CITIC Securities posted a net profit of RMB 946.62 million, CITIC Securities (Shandong) posted a net profit of RMB 30.65 million, and CITIC Big Sun Securities posted a net loss of RMB 160,000.
  • For the previous month (June 2017), CITIC Securities posted a net profit of RMB 825.75 million, CITIC Securities (Shandong) posted a net profit of RMB 58 million, and CITIC Big Sun Securities posted a net profit of RMB 180,000.
  • Earlier, CITIC Securities had reported a 40.18% increase in net profit for the first quarter of 2017 to RMB 2.3 billion, and a 13.36% increase in revenue to RMB 8.62 billion.