HUAXI Securities (SHE:002926) 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.
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