A total of 22 out of 24 Chinese securities brokerage companies listed on Shanghai and Shenzhen bourses posted a combined net profit of 5.16 billion yuan in September, 19.72 percent less than that of the previous month, according to their September financial reports released on Thursday.
Southwest Securities Co., Ltd. (600369.SH), Orient Securities Co., Ltd. (600958.SH) and Western Securities Co., Ltd. (002673.SZ) took the lead in terms of profit growth in September, with their net profits surging by 917 percent, 438 percent and 75 percent respectively on the basis of August.
Shanxi Securities Co., Ltd. (002500.SZ) was the only broker that incurred losses in September. However, Sinolink Securities Co., Ltd. (600109.SH) and Pacific Securities Co., Ltd. have not yet unveiled their financial results for September.
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