Zheshang Securities reports moderate profit increase for 2024

Zheshang Securities (SSE:601878) announced preliminary financial results for 2024, reporting a total operating income of 15.816 billion RMB, a decrease of 10.33% compared to 2023. Net profit attributable to shareholders rose to 1.932 billion RMB, up 10.17% year-over-year. Basic earnings per share increased to 0.49 RMB from 0.46 RMB. Total assets reached 154.086 billion RMB, a 5.88% increase, and equity attributable to shareholders of listed companies increased by 30.26%. While challenges persisted from market fluctuations, the firm cited strategic focus and opportunity capture as key drivers of its performance, but warned that financial data might change after the annual report, urging investors to pay attention to investment risks.