CSC Securities (06066) announced its mid-year performance in 2024, with total revenue and other income of 14.83 billion yuan...
CSC Securities (06066) announced its mid-year performance in 2024, with total revenue and other income of 14.83 billion yuan, a decrease of 20.49% year-on-year; net income attributable to shareholders of the parent company was 2.858 billion yuan, a decrease of 33.66%; basic earnings per share were 0.3 yuan.
During the reporting period, the investment banking business sector achieved a total revenue and other income of 1.058 billion yuan, a decrease of 61.02% year-on-year; the wealth management business sector achieved a total revenue and other income of 4.488 billion yuan, a decrease of 6.54% year-on-year; the trading and institutional client services business sector achieved a total revenue and other income of 7.111 billion yuan, a decrease of 13.62% year-on-year; the asset management business sector achieved a total revenue and other income of 0.642 billion yuan, a decrease of 13.48% year-on-year.
In the first half of 2024, operating activities generated a net cash inflow of 2.625 billion yuan, compared to a net cash outflow of 3.37 billion yuan in the same period of 2023, mainly due to the net change in cash flow from financial assets measured at fair value and whose changes are recognized in profit or loss.
In the first half of 2024, investment activities generated a net cash inflow of 2.715 billion yuan, compared to a net cash outflow of 5.116 billion yuan in the same period of 2023, mainly due to the cash flow changes from the purchase or disposal of financial assets measured at fair value and whose changes are recognized in other comprehensive income.
In the first half of 2024, financing activities resulted in a net cash outflow of 0.539 billion yuan, compared to a net cash inflow of 7.287 billion yuan in the same period of 2023, mainly due to a decrease in cash inflows from the issuance of bonds and short-term borrowings, and an increase in cash outflows from debt repayment.