China CITIC Financial Asset Management (HKG:2799) expects a net profit attributable to the equity holders of about 9 billion yuan to 10 billion yuan for 2024, a year-on-year increase of about 410% to 466%.
The company reported an attributable profit of 1.77 billion yuan in 2023, according to a Thursday filing with the Hong Kong Bourse.
The company attributed the profit growth to core business development, optimization of assets, capital market recovery, among other factors.
The asset management company plans to publish its annual results in April.
The company's shares were up over 3% in the recent trading.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.