Sealand Securities released its unaudited preliminary financial reports last Saturday for 2017, showing net profits of 375.238 million yuan for 2017, a drop of 63.05 percent when compared with the previous year.
The total operating revenue reached 2.661 billion yuan, down by 30.63 percent year-on-year while the earnings per share were decreased by 62.5 percent to end at 0.09 yuan.
The reasons, as explained by the company, were the drop of its turnover due to the turmoil in the securities market, the upward risk-free interest rate and the surge of debenture price, as well as the lower volume of the issuance of its corporation bonds for contracted business regarding corporate services.
The total operating revenue reached 2.661 billion yuan, down by 30.63 percent year-on-year while the earnings per share were decreased by 62.5 percent to end at 0.09 yuan.
The reasons, as explained by the company, were the drop of its turnover due to the turmoil in the securities market, the upward risk-free interest rate and the surge of debenture price, as well as the lower volume of the issuance of its corporation bonds for contracted business regarding corporate services.
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