An MSCI company, Sealand Securities today announced its unaudited preliminary annual financial reports for 2017. Its net profits have dropped between the range of 60% to 65% in 2017, when compared with the same period in the previous year, according to the report.
The security trader estimated its net profits for 2017 would reach between RMB 359.08 million to RMB 409.08 million, and had decreased by 60% to 65% year-on-year. The net profits were RMB 1,015.51 million yuan in 2016.
Meanwhile, Earnings per share (EPS) was between 0.09 yuan to 0.1 yuan per share last year, while the figure was 0.24 yuan per share in 2016.
The company explained the overall financial performance for 2017 had declined due to the volatility of the stock markets, the drop of securities’ trading volume and the scrambling for a risk-free-rate of interest.
The continuous decline of bond prices and the decrease of the corporate bonds issuance volume also contributed to its net profits reduction. Furthermore, the limited development of some parts of its businesses were attributable to the poor performance from last year as well.
Sealand Securities hit a record high performance for its IPOs services in 2017. By completing five IPO projects last year, it has raised funds worth 1.283 billion yuan.
Sealand Securities aims to offer an all-included investment bank services to its customers, which includes equity and bond financing, merger and restructuring, private equity investments and among others.
The security trader estimated its net profits for 2017 would reach between RMB 359.08 million to RMB 409.08 million, and had decreased by 60% to 65% year-on-year. The net profits were RMB 1,015.51 million yuan in 2016.
Meanwhile, Earnings per share (EPS) was between 0.09 yuan to 0.1 yuan per share last year, while the figure was 0.24 yuan per share in 2016.
The company explained the overall financial performance for 2017 had declined due to the volatility of the stock markets, the drop of securities’ trading volume and the scrambling for a risk-free-rate of interest.
The continuous decline of bond prices and the decrease of the corporate bonds issuance volume also contributed to its net profits reduction. Furthermore, the limited development of some parts of its businesses were attributable to the poor performance from last year as well.
Sealand Securities hit a record high performance for its IPOs services in 2017. By completing five IPO projects last year, it has raised funds worth 1.283 billion yuan.
Sealand Securities aims to offer an all-included investment bank services to its customers, which includes equity and bond financing, merger and restructuring, private equity investments and among others.
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