Shenwan Hongyuan Reports Strong 2024 Financial Performance with Increased Revenue and Profit

Shenwan Hongyuan Group Co., Ltd. Class H ( (HK:6806) ) just unveiled an update.

Shenwan Hongyuan Group Co., Ltd. announced its audited financial results for the year ending December 31, 2024, showcasing a robust performance with a total revenue of RMB34,778 million, marking an 8.97% increase from the previous year. The company reported a profit of RMB6,251 million, a 14.16% rise year-on-year, driven by strategic execution and market opportunities. The group’s total assets and equity also grew, reflecting improved quality and efficiency. The company declared a cash dividend of RMB0.46 per 10 shares, with a total payout ratio of 30.27% for the year, indicating a strong financial position and commitment to shareholder returns.

More about Shenwan Hongyuan Group Co., Ltd. Class H

Shenwan Hongyuan Group Co., Ltd. is a financial services company based in China, focusing on securities brokerage, investment banking, asset management, and wealth management. The company operates primarily in the Chinese market and is known for its strategic execution and transformation efforts to adapt to financial reforms.

YTD Price Performance: -2.22%

Average Trading Volume: 710

Technical Sentiment Signal: Sell

Current Market Cap: €15.25B

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