Lates News

According to the official website of the China Securities Industry Association, the 2024 financial report of Goldman Sachs (China) Securities reported that during the reporting period (consolidated profit and loss statement), the company achieved a revenue of 1.841 billion yuan, an increase of 20% compared to 2023. The net profit was 498 million yuan, an increase of 158% compared to 2023. Looking closer, in 2024, both Goldman Sachs (China) securities investment banking and proprietary businesses saw a decline. Specifically, Goldman Sachs (China) Securities achieved a net commission income from brokerage business of 871 million yuan, a year-on-year increase of 57.03%; net income from investment banking business was 47.75 million yuan, a year-on-year decrease of 96.91%; net income from investment advisory business was 596.70 million yuan, a year-on-year increase of 4%; net interest income was 51.5129 million yuan, a year-on-year increase of 151%; and income from proprietary business (investment income + fair value changes in profit and loss) was 71.2624 million yuan, a year-on-year decrease of 56%.