The net profit attributable to owners of China Galaxy Securities (HKG:6881, SHA:601881) or CGS for 2024 jumped 27% to 10.03 billion yuan from 7.88 billion yuan a year earlier, according to a Shanghai Stock Exchange filing on March 28.
Earnings per share increased year on year to 0.81 yuan from 0.65 yuan, missing Visible Alpha estimates of 0.87 yuan.
The Chinese brokerage and investment bank's total revenue rose 15% to 34 billion yuan from 29.7 billion yuan. The current figures are lower than VA analysts' forecast of 37.2 billion yuan.
A final dividend of 1.96 yuan per ten shares was proposed for the period.
The company's Hong Kong shares dropped less than 3% in recent trade, while Shanghai shares slipped over 2% at the close.
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