Jan. 17, 2012 (China Knowledge) - Haitong Securities Co Ltd<600837
>, China's second largest publicly traded brokerage firm, said yesterday that it expects its net profit to decrease 14.25% year on year to RMB 3.16 billion in 2011.
The company said in a statement that its earnings per share were estimated at RMB 0.38 last year.
company mentioned that its unaudited operating revenue dropped 4.81% year on year to RMB 9.30 billion in 2011.
Haitong Securities is due to release its annual report on March 30 this year.
Bigger rival CITIC Securities Co<600030
>, China's largest listed brokerage firm, said earlier that it expects its net profit to increase 11.07% year on year to RMB 12.56 billion in 2011. The firm's unaudited operating revenue fell 9.99% year on year to RMB 25.02 billion last year.