According to Yongfeng Financial’s self-account, its profit in January was 1.603 billion yuan, with a month-on-month growth rate of 37.7%, mainly due to the substantial growth in the profits of its subsidiaries.

(Photo by reporter Wang Menglun)

[Reporter Wang Menglun/Taipei Report] 14 domestic listed financial holding companies have successively announced their self-accounted profit and loss reports for January this year.

Among them, Yongfeng Financial Holdings (2890), a private non-life insurance company, announced statistics that the net profit after tax in January this year was 1.603 billion yuan, with a monthly growth rate of 37.7%. The monthly income is 1.379 billion yuan, with a monthly growth rate of 73.2%.

Yongfeng Gold has been a popular target of stockholders' attention in recent years.

First of all, according to the self-consolidated financial figures released by Yongfeng Gold, the self-statement monthly after-tax surplus in January 2023 was 1.603 billion yuan, an increase of 439 million yuan from 1.164 billion yuan in December 2022, a monthly increase of 37.7%. However, if you look at the annual growth rate, the profit of Yongfeng Gold in January this year only slightly increased by 0.9%, which is considered to be flat.

Please read on...

Among them, Yongfeng Bank, the main subsidiary, had an after-tax profit of 1.379 billion yuan in January this year, but only 796 million yuan in December last year, with a monthly growth rate of 73.2%.

As for another subsidiary, Yongfeng Jin Securities, the after-tax profit in January this year was 226 million yuan. Since the market was closed for more than 10 days during the Spring Festival this year, the stock market trading volume in January dropped sharply, and the securities company’s fee income decreased.

In addition, reviewing the performance of Yongfeng Financial from January to December last year, the accumulated after-tax profit was 15.864 billion yuan, a decrease of 347 million yuan from 16.211 billion yuan in the same period of the previous year, and a slight decline of 2.1%. There are as many as 12 companies. If you look at the performance of the annual growth rate, Yongfeng Financial is the best performing private financial holding and the smallest annual decline.

Further inspection of the profit performance of subsidiaries shows that the after-tax profit of Yongfeng Bank last year was 14.63 billion yuan, which not only hit a record high in the past years, but also increased by 3.215 billion yuan compared with the previous year, with an annual growth rate of 28.16%. It is the main source of profit for Yongfeng Gold .

Grasp the pulse of the economy with one hand I subscribe to Free Finance Youtube channel

Already added friends, thank you

Welcome to 【Free Finance】

feel good

Already liked it, thank you.

related news