SHANGHAI, July 29, 2024 — Guotai Junan International Holdings Limited (Guotai Junan International, HKSE: 01788.HK) expects its net profit for the first half of this year to range from 185 million to 210 million Hong Kong dollars (approximately 23.7 million to 26.9 million U.S. dollars). This represents a projected increase of 52 percent to 72 percent compared to the net profit of nearly 122 million Hong Kong dollars (approximately 15.6 million U.S. dollars) achieved during the same period in 2023. The company disclosed this information in a filing with the Hong Kong Exchanges and Clearing Limited on July 17.

The projection is based on a preliminary review of the company’s management accounts for the six months ending June 30, 2024.

The anticipated growth is primarily attributed to a surge in the company’s income generated from financial products, trading and investment activities, as well as its corporate finance business. This is further amplified by the high-quality development of its wealth management operations.

Source: Guotai Junan International

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