According to Zhitong Finance APP, China Merchants Securities Co.,Ltd. (06099) rose nearly 5% in the afternoon. As of press time, it was up 4.19% at HK$12.44, with a turnover of HK$45.4506 million.
On the news front, China Merchants Securities Co.,Ltd. released its earnings report, showing that in the third quarter, it achieved operating revenue of RMB 12.211 billion, up 58.10% year-on-year; and realized net profit attributable to shareholders of RMB 6.658 billion, up 80.65% year-on-year. In the first three quarters, it achieved operating revenue of RMB 34.112 billion, up 86.98% year-on-year; and realized net profit attributable to shareholders of RMB 17.282 billion, up 94.81% year-on-year. The main reason for the earnings changes was an increase in the company's investment business and brokerage business income.
Huatai Securities pointed out that China Merchants Securities Co.,Ltd. recorded net investment income of RMB 8.044 billion in the third quarter alone, mainly due to floating gains brought by the listing of Changxin Technology, in which its equity fund invested. The investment business contributed a relatively high proportion to profit, and the sustainability of future profitability still depends on comprehensive factors such as the liquidity discount rate of equity assets and asset allocation.
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