[ET Net News Agency, 15 January 2020] China Merchants Securities Co., Ltd. (06099) said
it is expected that the consolidated net profit attributable to the shareholders of the
company for the year of 2019 will increase by an amount in the range of RMB2,654.99
million to RMB3,097.49 million, representing an increase of 60% to 70% as compared with
the corresponding period of the preceding year.
In 2019, trading in the domestic stock markets was active. The trading volumes of stocks
and funds on both the Shanghai Stock Exchange and the Shenzhen Stock Exchange recorded
year-on-year growths. The company took the opportunity by implementing revolutionary
strategies and focusing on enhancing business performance. The strategies led to great
success and incomes from the sectors of brokerage, investment and investment banking all
recorded considerable growths when compared with the corresponding period of the preceding
year. (RC)