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Guotai Junan International H1 revenue up 41 pct on yr to HKD2.36 bln

September 11, 2019


Abstract : Guotai Junan International Holdings (1788.HK) recorded a total revenue of 2.36 billion HK dollars in the first half of 2019, an increase of 41 percent from a year ago, according to lately released interim results of the company.

BEIJING, Sept. 11 (Xinhua) -- Guotai Junan International Holdings (1788.HK) recorded a total revenue of 2.36 billion HK dollars in the first half of 2019, an increase of 41 percent from a year ago, according to lately released interim results of the company.

The profit attributable to shareholders amounted to 640 million HK dollars, representing a year-on-year growth of approximately 26 percent as compared with the first half of 2018, and a surge of 120 percent as compared with the second half of 2018, according to the company's report. The annualized return on equity (ROE) of the company rose 4 percentage points to 12 percent.

The interim dividend stood at 0.042 HK dollars per ordinary share, up by 27 percent year on year, with the same payout ratio as last year of 50 percent.

The report also shows that the company's revenue structure has become more balanced and diversified during the first half of 2019. Among all, the fee and commission income, interest income and investment income accounted for 34 percent, 33 percent and 33 percent of the total revenue, respectively.

During the period, with a steady growth in corporate finance and brokerage business, the company recorded a fee and commission based income of 790 million HK dollars, up 18 percent year on year, which is in line with the company's sustainable development strategy as a financial service provider.

In addition, the company's brokerage business grew 7.5 percent year on year to approximately 292 million HK dollars in the first half of 2019, with the total amount of client assets under custody reaching 235 billion HK dollars, up 40 percent from the end of 2018. As the number of professional investors and clients increased steadily, its average account balance grew 61 percent from that at the end of last year to 52.01 million HK dollars.

The revenue of the company in the Hong Kong debt capital market reached a historic high at 320 million HK dollars in the first half, increasing 26 percent year on year. The company's debt securities underwriting team has participated in a total of 106 debt issuance activities throughout the period, successfully assisting corporations to raise fund of nearly 244.8 billion HK dollars in the bond market, up 48 percent year on year. (Edited by Li Wenxin, [email protected])

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Keyword: Guotai junan Guotai Junan Securities revenue

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