Taishin Financial Holdings made a huge profit of 1.42 billion yuan in January this year, with an annual growth rate of 407%.

Picture 2 from the left is Wu Dongliang, Chairman of Taishin Metal Corporation.

(File photo/photo by reporter Wang Menglun)

[Reporter Wang Menglun/Taipei Report] Taishin Financial Holdings (2887) saw a huge profit explosion in January!

Taishin Gold released the latest self-consolidated profit and loss today. The after-tax profit in January this year was 1.42 billion yuan, compared with 280 million yuan in the same period last year, an annual growth rate of 407%, mainly due to the contribution of the subsidiary Taishin Bank; After-tax profit per share (EPS) was 0.11 yuan.

This week is the "Financial Holdings Profit Self-closing Week". Various financial holdings have announced the latest statistics one after another, and good news has come from one after another.

Among them, the after-tax surplus of Taishin Gold in January this year was 1.42 billion yuan, an annual growth rate of 407.1%.

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In terms of subsidiaries, first of all, Taishin Bank’s after-tax net profit in January was 1.57 billion yuan. The profit momentum of its core business continued to be stable, and its net income increased compared with the previous month. Therefore, the overall profit and loss increased by 109% compared with the previous month; asset quality remained stable. As of the end of January The over-release ratio was 0.14%, and the coverage ratio for bad debts was 952.4%.

Secondly, the after-tax profit of the subsidiary Taishin Securities in January this year was 100 million yuan, mainly due to the decrease in the company's brokerage fee income due to the decrease in business days in that month; The overall profit momentum remained stable.

In addition, Taishin Life Insurance, formerly known as Prudential Life Insurance, suffered an after-tax loss of 90 million yuan in January, mainly due to the increase in exchange losses caused by the appreciation of the Taiwan dollar in January. In the same period last year, there was an adjustment in investment asset allocation to realize disposal benefits. Therefore, it made a profit in January this year. Performance decreased compared to the same period last year.

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