Orient Securities sees profit surge in preliminary 2024 report

Orient Securities (SSE:600958) announced a strong preliminary performance for 2024, with operating revenue reaching RMB 19.19 billion, a 12.29% increase year-over-year. Net profit attributable to shareholders climbed to RMB 3.351 billion, representing a 21.68% rise. The company attributes this growth primarily to increased revenue from its securities trading business and a decrease in credit impairment provisions. At the end of 2024, total assets stood at RMB 417.043 billion, while shareholders' equity reached RMB 81.397 billion, up 8.69% and 3.37% respectively from the previous year-end. The preliminary results have not been audited and investors are advised to take caution.