China

Haitong Securities Posts RMB 543.13 Mln Net Profit for August

Summary:

  • In a statement to the Shanghai Stock Exchange, Haitong Securities (600837.SS/6837.HK) has announced it recorded a net profit of RMB 543.13 million for August and revenue of RMB 946.73 million.
  • Haitong Securities’ Asset Management unit posted a net profit of RMB 18.34 million and revenue of RMB 31 million.

Why It Matters:

  • For August 2016, Haitong Securities reported a net profit of RMB 443 million and the Asset Management unit reported a RMB 34 million net profit.
  • Haitong Securities reported a net profit of RMB 473. 04 million for July 2017 and the Asset Management unit reported a RMB 20.48 million net  profit for the same month.
  • Earlier, Haitong Securities had reported a 5.65% decrease in net profit for the first half of 2017 to RMB 4.02 billion, and a 6.08% increase in revenue to RMB 12.8 billion.