First Capital Securities (SHE:002797) forecasted an up to 183% jump in 2024 profit amid supportive government policies and capital market reforms.
Full-year attributable net profit is expected to range between 850 million yuan and 935 million yuan, or between 0.20 yuan per share and 0.22 yuan per share, up from 330.7 million yuan, or 0.08 yuan per share, the previous year, according to a Tuesday filing with the Shenzhen bourse.
Shares of the securities company rose 5% in recent trade.
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