The self-settled profits of 14 financial holding companies in January 2024 will all be released on the 15th! The New Taiwan dollar depreciated, and the stock market was doing well. The overall profit of financial holding companies in January was 53.9 billion yuan, an increase of nearly 9 times compared to December last year. It has also doubled from ‘to compare with the same period last year. 14 financial holding companies Only Shin Kong Gold (2888) lost money, while all the others made money. In particular, Fubon Gold was the first company to earn more than 10 billion yuan, and its earnings per share were the first to earn more than 1 yuan. “Yahoo Finance” organizes the profit performance of various financial holding companies for investors, and understands the growth rate and EPS ranking of each financial holding company in one table.
Further reading: 440,000 shareholders disappointed!Shin Kong Gold Yuan lost 2.2 billion yuan, but the company revealed some good news
A look at the chart shows that Financial Holdings doubled its profit in January to 53.9 billion yuan in January, with Shin Kong Gold the only one to lose money. Photo/retrieved from Getty Images (© Philippe LEJEANVRE via Getty Images)
Fubon Gold, Cathay Gold, and CITIC Gold were among the top three in terms of profit and EPS.
According to the respective filing data of 14 financial holding companies, the overall financial holding companies made a total of about 53.9 billion yuan in one month, which was better than the 5.4 billion yuan in December last year. This was mainly due to the 1.8 % depreciation of the New Taiwan dollar in December and appreciation of the US dollar. , the life insurance industry has a large amount of US dollar foreign assets, so the exchange pressure is greatly reduced. Cathay Financial Holdings and Fubon Financial Holding have turned from losses to huge profits, allowing the financial holding companies to increase their profits by 8.9 times in January compared to December. Compared to Comparative, it will earn nearly 23.5 billion yuan in January 2023, which has also doubled.
Extended reading: Fubon Gold Yuan made a huge profit of 14 billion yuan in a month, with a profit of 1.08 yuan per share and remained a double crown of financial holdings.
The top three in terms of absolute amount and earnings per share are Fubon Gold, Cathay Gold and CITIC Gold, with amounts of 14 billion yuan, 9.4 billion yuan and 8.8 billion yuan respectively. Only Fubon Gold was the first to break through 1 yuan in earnings per share, with Cathay Gold and CITIC Gold in second and third with 0.65 yuan and 0.45 yuan respectively. The other four and five companies were Mega Gold and Yuan Dai Gold with NT$4.189 billion and NT$2.83 billion, respectively, while their earnings per share remained unchanged at NT$0.3 and NT$0.22.
Cathay Gold grew 4 times and took first place in development funds, while CITIC Gold was second and third.
In terms of annual growth rate, Cathay Gold came first with a growth rate of 4.4 times, followed by Development Gold with a growth rate of 3.43 times, and CITIC Gold third with a growth rate of 2.5 times. They are all financial holdings with insurance life under their subsidiaries CITIC Gold is a bank as its main body, but Taiwan Life is still. The rapid trading in the securities market has also led securities-like financial holdings such as Yuanta Financial Holdings to double their profit growth. The government-owned financial holding company Huanan Gold has an improved growth rate of 35%. Mega Gold performed well last year, so it only grew by 2.7% in January this year. Yushan Gold only grew by almost 3%, but still hits an all-time high, with 14 gold companies. Regardless if the rate of growth, there is improvement in all cases.
Shin Kong Gold’s only loss was not as much as the loss in the same month last year
Shin Kong Financial remains the only financial holding company with a loss, with a one-month loss of 2.2 billion yuan, down from the 3.8 billion yuan loss in January last year. The company explained that the increase in costs caused by the deposit of foreign exchange price reserves and the 70% annual increase in new contract sales were the main reasons for the losses, However, there were also billions of dollars in capital gains of selling Taiwanese stocks. to embellish the accounts.
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Yahoo Finance special correspondent Ye Yiru: With more than 20 years of experience in the mainstream financial media, from the Web1.0 bubble in 2000 to the Meta Yuanverse Web3.0, he has seen the rise and fall of Taiwan’s large and small business groups, and has experienced five international financial groups crises. We believe that finance is life and everywhere, no matter how difficult financial information is, we should explain it in a simple way. Everyone, young and old, should manage money. If you don’t manage money, money won’t worry about you.
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