The securities business department of China Cinda Asset Management Co., Ltd. After years of development, Cinda Securities has gradually grown into a comprehensive securities company with businesses covering securities brokerage, investment banking, asset management, proprietary business and other fields.
The thirdquarter report shows that in the first three quarters of this year , China Cinda Securities achieved operating income of 2.35 billion yuan, a yearonyear decrease of 14.19%; net profit of 885 million yuan, a yearonyear decrease of 18.49%. Among them, the thirdquarter revenue was 754 million yuan, a yearonyear decrease of 10.38%; the net profit was 271 million yuan, a yearonyear decrease of 24.02%.
As for the reason for the decline in performance, the overall usa phone number list shrinkage of the securities market is the direct factor. The global economy is facing turbulence this year, with large fluctuations in the stock market. Changes in markets such as precious metals and bonds have also affected investor confidence. When investors' risk aversion rises, their willingness to invest in stocks is lower, which leads to a decrease in brokerage trading volume and affects revenue and profits.
In addition, adjustments to products and services may also have affected performance. In order to adapt to market changes, the company may undergo strategic transformation, such as reducing its reliance on traditional brokerage business and expanding into wealth management and investment banking services, but these new businesses have not yet been able to contribute significantly to earnings in the short term.