Shandong International Trust Co., Ltd. provided earnings guidance for the year ended December 31, 2023. For the year, the company expects that the Group will record a net profit of approximately RMB 160 million for the year ended 31 December 2023, representing a decrease of approximately 43% as compared with the corresponding period in 2022. The Board expects that such decrease is mainly attributable to (i) the year-on-year decrease in the Company ' s net fee and commission income in 2023 as a result of the overall restructuring of the trust industry; (ii) the year-on-year increase in the interest income from loans generated from the consolidated structured entities, together with a decrease in the interest expense on the Company ' s borrowings, which resulted in a year-on-year increase in the net interest income of the Company in 2023; (iii) lower investment income in 2023 than in the same period due to the Company's asset dispositions in 2023; and (iv) gains from changes in fair value increased year-on-year as a result of the Company's enhanced proprietary fund operations in 2023.
Shandong International Trust Co., Ltd.
Equities
1697
CNE100002R24
Investment Management & Fund Operators
Market Closed -
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5-day change | 1st Jan Change | ||
0.35 HKD | 0.00% | -6.67% | -2.78% |
Annual profits - Rate of surprise
1st Jan change | Capi. | |
---|---|---|
-2.78% | 209M | |
-3.15% | 117B | |
+7.09% | 100B | |
+10.82% | 65.99B | |
+24.65% | 64.8B | |
+13.12% | 44.02B | |
+12.27% | 42.17B | |
+22.22% | 36.27B | |
+8.16% | 26.03B | |
-3.60% | 22.49B |
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- Shandong International Trust Co., Ltd. Provides Earnings Guidance for the Year Ended December 31, 2023