The Zhitong Finance App learned that China Merchants Securities (06099) rose nearly 5% in the afternoon. As of press release, it rose 4.19% to HK$12.44, with a turnover of HK$454.50,600.

According to the news, China Merchants Securities announced results. In the third quarter, it achieved operating income of 12.211 billion yuan, an increase of 58.10% over the previous year, and realized net profit of 6.658 billion yuan, an increase of 80.65% over the previous year. The first three quarters achieved operating income of 34.112 billion yuan, an increase of 86.98% year on year, and realized net profit of 17.282 billion yuan, an increase of 94.81% year on year. The main reason for the change in performance was the increase in revenue from the company's investment business and brokerage business.

Huatai Securities pointed out that the net investment income of China Merchants Securities in a single quarter in Q3 was 8.044 billion yuan, mainly due to the floating profit brought about by the listing of Changxin Technology, which was invested by its equity fund. The investment business contributes a lot to profits, and the sustainability of subsequent profits still depends on comprehensive factors such as the liquidity discount rate of equity assets and asset allocation.

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