China

CITIC Securities Posts Net Profit of RMB 825.75 Mln for June

Summary:

  • In a statement to the Shanghai Stock Exchange, CITIC Securities (600030.SS/6030.HK) has posted a net profit of RMB 825.75 million for June and revenue of RMB 1.88 billion.
  • CITIC Securities‘ unit in Shandong Province posted a net profit of RMB 58 million for June and revenue of RMB 144.2 million.
  • CITIC Securities’ fully-owned subsidiary, CITIC Big Sun Securities, posted a net profit of RMB 180,000 and revenue of RMB 370,000.

Why It Matters:

  • For June 2016, CITIC Securities posted a net profit of RMB 1.22 billion, CITIC Securities (Shandong) posted a net profit of RMB 82.12 million, and CITIC Big Sun Securities posted a net loss of RMB 150,000.
  • For the previous month (May 2017), CITIC Securities posted a net profit of RMB 522.48 million, CITIC Securities (Shandong) posted a net profit of RMB 18.24 million, and CITIC Big Sun Securities posted a net loss of RMB 650,000.
  • 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.