Hengtou Securities reports strong 2024, eyes further growth

Hengtou Securities Co. (HKEX: 1476) announced its annual results for the year ended December 31, 2024, showcasing a revenue increase of 10.86% to RMB 2.786 billion, compared to 2023. Net profit attributable to shareholders soared by 174.82% to RMB 176.28 million, with basic earnings per share at RMB 0.07. The board did not propose a dividend for the year. The company's total assets reached RMB 39.981 billion, up 28.13% year-over-year. Hengtou cited strengthened business synergies and transformation as drivers, with significant improvements in wealth management and brokerage. Looking ahead to 2025, the company will formulate a new five year strategy focused on strengthening brand, talent development, and improving high-quality services to clients as its core objectives. The company had a total of 106 securities branches as of December 31, 2024.