Huatai securities have a problem about decreasing profits in the first half of 2010.
This company is number 10 largest which has stable assets. Net profit of this company during six month were 1.4 billion year, and their business income were go down 13.9 percent to 3.6 billion yuan compare with the month in the last year according to the company results filed with the Shanghai Stock Exchange. Moreover, commission incomes was decrease 28.2 percent from last year as increasing a lot of compettition reduced brokerage commission. Stock investment profits surprisingly decrease 76.4 percent owing to the bad performance of china's stock market since the begining of the year. earning got 0.27 yuan,explaining by compare with the year decline of 31.7 percent.
In my opinion, Huatai securities got a big problem because of decreasing profits. They should do more homework in order to grow up their business. and make a lot of profits increasing their brokerage commision, so as to earn money.
URL - http://www.chinadaily.com.cn/bizchina/2010-08/07/content_11115419.htm
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