Home » Business » CITIC Financial Leads in Self-Accounted Profits for February; Shin Kong Gold Shows Significant Improvement

CITIC Financial Leads in Self-Accounted Profits for February; Shin Kong Gold Shows Significant Improvement

Six financial holding companies were the first to announce their self-accounted profits in February, including CITIC Gold (2891), Yushan Gold (2884), Yuan Dai Gold (2885), Yongfeng Gold (2890), Shin Kong Gold (2888) and Guotai Gold (2888). 2889) has been released. CITIC Financial’s cumulative earnings per share for the first two months were temporarily leading at 0.68 yuan, followed by Yuan Dai Gold with 0.42 yuan, and SinoPac Financial ranked third with 0.36 yuan. The six financial holding companies earned a total of 11.771 billion yuan. It fell 20% month-on-month, but Shin Kong Gold showed a sharp improvement in profits, with a cumulative profit of 26.7 billion yuan in the first two months, an annual increase of 108% over the same period last year.

Further reading:Shin Kong Gold is making money! Profit in February was 1.36 billion yuan, 440,000 shareholders felt a little relieved

Sixth Financial Holdings doubled its profit in the first two months, with CITIC Financial’s earnings per share of 0.68 yuan temporarily leading the way. Diagram/Taken from Getty Images (Yiu Yu Hoi via Getty Images)

Due to the Lunar New Year, there are fewer working days in February, which is generally lower than in January. However, in the first two months, benefiting from the good stock market and active trading, Yuanta Financial and CITIC Financial, which have securities businesses under their subsidiaries, both have 60 With an increase of more than %, Yongfeng Gold also grew by 45%, and its performance was still outstanding; Yushan increased slightly by 4%, while Guotai Gold showed a slight decline of 6.8%.

CITIC Financial announced today (7th) its self-accounted surplus for February 2024. The monthly after-tax surplus in February was 4.539 billion yuan, a monthly decrease of 48% and an annual decrease of 17%; the cumulative consolidated after-tax surplus for the first two months was 13.345 billion yuan. The annual growth rate was 67%, and the after-tax earnings per share (EPS) was 0.68 yuan.

CITIC Financial’s earnings per share is 0.68 yuan, temporarily leading the way

China Trust Financial Holdings said that its subsidiary CITIC Bank’s deposit and wealth management business continued to grow in February, with a single-month after-tax profit of 3.522 billion yuan; its subsidiary Taiwan Life Insurance Company benefited from the appreciation of the US dollar in February, slowing down risk aversion. Cost pressure, coupled with the injection of disposal profits, resulted in a single-month after-tax profit of 730 million yuan. Compared with the same period last year (2023), in terms of banking business, due to the continued growth of the deposit base and wealth management sales momentum, and the appropriate operation of the financial market, the bank’s overall after-tax profit increased by 6% compared with the same period last year. In the insurance business, policy sales momentum increased compared with the same period last year, and due to the increase in exchange benefits and capital gains due to the appreciation of the US dollar, profits were also better than the same period last year.

Yushan Gold increased slightly by 4%, EPS was 0.26 yuan

Yushan Gold announced a single-month after-tax profit of 1.31 billion yuan, a monthly decrease of 53% and an annual increase of 6.5%; the cumulative after-tax profit was 4.12 billion yuan, an increase of 4.13% over the same period last year, and EPS was 0.26 yuan.

The main subsidiaries, Yushan Bank, had a cumulative after-tax surplus of 3.94 billion yuan, an increase of 13.72% over the same period last year, Yushan Securities was 260 million yuan, an increase of 69.51% over the same period last year, and Yushan Venture Capital was 40 million yuan.

The average daily volume of Taiwan stocks exceeded 500 billion yuan, and Daikin’s EPS made a huge profit of 0.42 yuan, an increase of 60% in the year

Yuan Dajin announced today that its net profit after tax for the month of February was 2.556 billion yuan, down less than 10% from January. The cumulative profit for the first two months was 5.387 billion yuan, and EPS was 0.42 yuan, an increase of 60% year-on-year.

Yuan Tai Jin’s securities and banks are still the main sources of profit. The average daily volume of Taiwan stocks in February exceeded 500 billion, and the price and volume were both high. The market trading was active, driving the securities net profit after tax to 1.18 billion yuan; banks benefited from handling fees. Net income increased, and net profit after tax was 790 million yuan. In addition, in February, Life Insurance was affected by the depreciation of the New Taiwan dollar, resulting in exchange benefits, and its net profit after tax was 349 million yuan.

SinoPac Financial earned RMB 4.4 billion in February, an increase of 45% year-on-year

SinoPac’s self-statement monthly after-tax surplus in February was NT$1.864 billion, a 26% decrease from January, but an increase of 30% compared with the same month last year. Cumulatively, the after-tax surplus from January to February this year was 4.401 billion yuan, an increase of 45% compared with the same period last year. Both banks and securities have experienced significant growth compared with the same period last year.

Among them, the main subsidiary SinoPac Bank had an after-tax surplus of 1.402 billion yuan in February, and the cumulative after-tax surplus from January to February was 3.482 billion yuan, with an annual growth rate of 44.5%; SinoPac Securities had an after-tax surplus of 424 million yuan in February, with a cumulative 1 -The after-tax surplus in February was 907 million yuan, with an annual growth rate of 73%.

In terms of national bills, the self-deposited after-tax surplus in February was 188.45 million yuan, a 14% decrease from January in a single month, and a 20% decrease from the same month last year; the cumulative after-tax surplus from January to February was 407.12 million yuan, also It fell slightly by 6.8%, with after-tax earnings per share of 0.12 yuan, and the net value per share at the end of February was 12.21 yuan.

Shin Kong Gold finally made money, contributing 1.36 billion yuan in a single month

Shin Kong Gold announced its self-financed profit figures for February today. It has already made money in a single month. The self-taxed profit in February was 1.36 billion yuan. From January to February, it still suffered a small loss of 934 million yuan, with a loss of 0.06 yuan per share. Shin Kong Financial spokesperson and vice president Lin Yijing said that the financial holding’s profit in February was mainly due to Shin Kong Life’s turn from loss to profit. On the one hand, there are exchange benefits from the depreciation of the New Taiwan dollar. In addition, it also made 4 billion yuan from the disposal of domestic and foreign stocks. It continued to realize capital gains to beautify its books. Therefore, Shin Kong Life made a profit of 596 million yuan in February. In terms of other subsidiaries, Shin Kong Bank earned 417 million yuan after tax in February, with cumulative profits reaching 1.033 billion yuan. Yuanfu Securities also contributed a lot to its after-tax profit of 347 million yuan in February.

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  • Yahoo Finance special correspondent Ye Yiru: With more than 20 years of experience in mainstream financial media, from the Web1.0 bubble in 2000 to the Meta Yuanverse Web3.0, he has witnessed the rise and fall of Taiwan’s large and small business groups, and has experienced five international financial crises. We believe that finance is life and is everywhere. No matter how difficult financial knowledge is, we should explain it in a simple way. Everyone, young and old, should manage money. If you don’t manage money, money will not care about you.

2024-03-07 11:23:49
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