Apr. 10, 2012 (China Knowledge) - Chengdu-based
brokerage firm Sinolink Securities Co Ltd<600109
> said that its net profit attributed to shareholders fall 47.15% year on year to RMB 232 million last year.
In a statement filed with the Shanghai Stock Exchange
, the securities company saw its operating revenue decline 34.35% year on year to RMB 1.08 billion in 2011. Basic earnings per share were RMB 0.23, drop 47.03% from a year earlier.
The company said that its revenue from brokerage business decreased 41.31% year on year to RMB 265 billion in the year, and its transaction volume of stocks and funds slid 22.15% to RMB 426.24 billion.
Sinolink Securities plans to issue no more than 300 million shares or up to RMB 3 billion via private placement this year to replenish its working capital, source reported.