China Galaxy Securities (HKG:6881, SHA:601881) or CGS expects an attributable profit of between 2.77 billion yuan and 3.10 billion yuan in the first quarter of 2025, up 70% to 90% from 1.63 billion yuan a year prior, a Wednesday filing with the Hong Kong bourse said.
The Chinese brokerage and investment bank attributed the higher anticipated profit mainly to substantial growth in the wealth management, investment trading, and investment banking segments among others.
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