China Knowledge reported that CITIC Securities Co, China largest listed brokerage firm recorded CNY 59.86 million in unconsolidated net profit in August this year down by 81.7%MoM.

The company unconsolidated operating revenue was CNY 300 million last month down by 60.4% MoM.

CITIC Co made a net profit of CNY 13.41 million last month and CITIC Wantong Securities Co which is 91.4% held by CITIC Securities, booked a net profit of CNY 5.03 million.

As of the end of August, CITIC Securities had unconsolidated net assets of CNY 70.73 billion.

Source - China Knowledge

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