BEIJING, March 10 (Xinhua) -- China Merchants Securities Co., Ltd., a major Chinese securities firm, said Tuesday its net profits for 2019 surged by 64.57 percent year on year.
Its total net profits attributable to shareholders stood at 7.28 billion yuan (about 1.05 billion U.S. dollars) last year, the company said in a filing to the Shanghai Stock Exchange.
It garnered combined operating revenues of 18.7 billion yuan last year, up 65.24 percent from a year ago.
The total assets of the company rose 25.2 percent year on year to reach 381.8 billion yuan at the end of last year.
The company's share price gained 2.18 percent on the Shanghai bourse to 18.72 yuan Tuesday.
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