Guolian Securities Faces Sharp Profit Decline

Guolian Securities Co., Ltd. Class H (HK:1456) has released an update.

Guolian Securities Co., Ltd. reports a significant decrease in net profit for the first half of 2024, with profits down by over 86% from the previous year, amidst challenging market conditions and declining investor risk appetite. Despite these results, the company has seen growth in capital, increased financial leverage, and a diversification of business structure as it adapts to market trends and focuses on enhancing its core business competitiveness.

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