Aug. 20, 2012 (China Knowledge) - Huatai Securities Co<601688>, a medium-sized brokerage based in Nanjing, Jiangsu Province, has said that its net profit fell 7.48% YoY to RMB 1.06 billion in the first half of this year.
Basic earnings per share were RMB 0.19 during the period, down 5% YoY, said the company in its interim report.
The securities firm's operating revenue was steady at RMB 3.39 billion in the first six months.
Revenue from securities brokerage business slid 24.18% YoY to RMB 1.74 billion amid a weak market, and that from investment banking business plunged 42%. However, revenue from self-operated business skyrocketed 734% YoY to RMB 820 million in the period.
At the end of June, the company's total assets had decreased 1.25% from the beginning of this year to RMB 84.7 billion.