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Changjiang Securities Forecasts Up to 90% Profit Surge in H1

Changjiang Securities (SHE:000783) expects its attributable net profit for the first half to surge between 80% and 90% year over year, to about 312.6 million yuan to 330 million yuan. Basic earnings per share is predicted to range between 0.55 yuan and 0.58 yuan, up from 0.30 yuan a year prior, according to a Shenzhen bourse filing on Saturday. The financial services company attributed the anticipated profit growth to a positive trend in capital markets, which led to steady development in all of its business segments.

SHE000783

Changjiang Securities (SHE:000783) expects its attributable net profit for the first half to surge between 80% and 90% year over year, to about 312.6 million yuan to 330 million yuan.

Basic earnings per share is predicted to range between 0.55 yuan and 0.58 yuan, up from 0.30 yuan a year prior, according to a Shenzhen bourse filing on Saturday.

The financial services company attributed the anticipated profit growth to a positive trend in capital markets, which led to steady development in all of its business segments.