Goldman Sachs (China) Securities' net profit in 2024 rises by 158%, with negative growth in investment banking and proprietary trading.

According to the 2024 financial report of Goldman Sachs (China) Securities disclosed on the official website of the Securities Association of China, the company’s revenue during the reporting period (consolidated income statement) was 1.841 billion yuan, an increase of 20% over 2023, and the net profit was 498 million yuan, an increase of 158% over 2023. In terms of lines, in 2024, Goldman Sachs (China)'s securities investment banking and proprietary business will decline. Specifically, Goldman Sachs (China) Securities achieved a net brokerage fee income of 871 million yuan, a year-on-year increase of 57.03%; the net income of investment banking business was 477,500 yuan, a year-on-year decrease of 96.91%; the net income of investment consulting business was 5.967 million yuan, a year-on-year increase of 4%; net interest income was 51.5129 million yuan, an increase of 151% year-on-year; Self-operated business income (investment income + fair value change profit and loss) was 71.2624 million yuan, a year-on-year decrease of 56%. ( gold ten )