Huachuang Yunxin reports 407m yuan profit amid mixed performance

Huachuang Yunxin reported net profit of 407 million yuan in 2024 from its securities financial services, with outstanding margin lending balances growing to 3.887 billion yuan. However, interest income decreased due to market financing rate reductions.

The company's stock pledge business declined, with 297 million yuan of outstanding pledges overdue, though impairment provisions are considered sufficient.

Beijing Siter Qi Information Technology, now consolidated, shifted from profit to loss in 2024 due to decreased gross profit margins and increased costs for uncontracted projects.