Huaxi Securities' 2024 Profit Jumps 71%, Operating Income Climbs 23%

Huaxi Securities' net profit attributable to shareholders in 2024 jumped 71% to almost 728 million yuan from nearly 425 million yuan a year earlier, according to a Shenzhen Stock Exchange disclosure on Friday.

Earnings per share rose 75% year on year to 0.28 yuan from 0.16 yuan.

The Chinese iron and steel maker's operating income during the same period climbed 23% to 3.92 billion yuan from 3.18 billion yuan in the prior year, the disclosure said.

Huaxi Securities' net profit attributable to shareholders in the first quarter soared 138% to 301 million yuan from 126.3 million yuan a year earlier, according to a Shenzhen Stock Exchange disclosure on Friday.

Earnings per share surged 120% year on year to 0.11 yuan from 0.05 yuan.

The Chinese iron and steel maker's operating income during the same period jumped 66% to 1.09 billion yuan from 647.6 million yuan in the previous year, the disclosure said.

Huaxi Securities received the China Securities Regulatory Commission's approval to issue bonds of up to 2 billion yuan, according to a Shenzhen Stock Exchange filing on Wednesday.

The approval is valid within 24 months, the securities broker said.

Huaxi Securities received the China Securities Regulatory Commission's approval to issue bonds of up to 2 billion yuan, according to a Shenzhen Stock Exchange filing on Wednesday.

The approval is valid within 24 months, the securities broker said.

HUAXI Securities expects up to 91% rise in 2024 profit due to higher revenues from its proprietary investment and wealth management businesses amid increased activity of the capital market.

The securities broker expected attributable net profit between 640 million yuan and 810 million yuan, or 0.24 yuan per share and 0.31 yuan per share, in 2024, from 425.0 million yuan, or 0.16 yuan per share, the previous year, according to a Friday filing with the Shenzhen bourse.