China Galaxy Securities expects significant profit surge in Q1

China Galaxy Securities Co., Ltd. (HKEX: 6881) has issued a positive profit alert, forecasting a substantial rise in net profit attributable to owners of the parent company for Q1 2025. The company expects the figure to range between RMB2,773 million and RMB3,100 million, marking a significant increase compared to the RMB1,631 million reported for the same period in 2024. The anticipated growth is attributed to the company's effective capitalization on market opportunities, maintaining stability, and breakthroughs achieved in various business segments including wealth management, investment trading, and investment banking. The company noted that these areas experienced substantial growth and satisfactory results. Basic earnings per share for the first quarter of 2024 were RMB0.12. The estimated results are preliminary and have not been audited. Final figures will be disclosed in the company's first quarterly report for 2025.