Western Securities' 2024 profit climbs despite slight revenue dip

Western Securities (SZSE:002673) announced its preliminary 2024 financial results, showcasing a mixed performance. The company's total operating revenue amounted to CNY 6.716 billion, a 2.59% decrease compared to the previous year. Despite the revenue decline, the net profit attributable to shareholders surged by 19.52% to CNY 1.393 billion. The boost in profitability was primarily driven by increased investment income, higher net commission fees from brokerage operations, and a rise in net interest income.