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behind tianfeng securities becoming the "loss king" of securities firms in the first half of the year: most indicators declined, but financing continued

2024-09-11

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recently, tianfeng securities released its 2024 semi-annual performance report. the announcement showed that the company's semi-annual operating income was 722 million yuan, a year-on-year decrease of 66.56%, and the net profit attributable to shareholders of listed companies was -324 million yuan, a year-on-year decrease of 158.71%.

from the perspective of net profit, this semi-annual report can be said to be the worst semi-annual report of tianfeng securities in the past ten years. however, if we look closely at this semi-annual report, we can find more problems in it.

most of the data declined, and several indicators were at the bottom

in addition to the sharp year-on-year decline in revenue and net profit, other data in tianfeng securities' semi-annual report also performed poorly. in the first half of the year, tianfeng securities recorded a non-net profit of -338 million yuan, a year-on-year decrease of 173.39%. the net cash flow from operating activities was 3.927 billion yuan, a year-on-year decrease of 53.79%. affected by the loss in performance, the company's total assets also fell by more than 5% from the end of last year.

in terms of sub-projects, tianfeng securities recorded investment income of approximately rmb 61.8 million in the first half of the year, a sharp decline of 91.86% year-on-year, and fair value change income of rmb 247 million, also a year-on-year decline of nearly 40%. while non-operating income fell sharply by more than 90%, the company's non-operating expenses reached rmb 21.98 million, a year-on-year increase of 12.7 times.