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Haitong Securities FY'15 net profit surges 105.42%

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Haitong Securities FY'15 net profit surges 105.42%

HaitongSecurities Co. Ltd. on March 30 said net profit for full year 2015surged 105.42% year over year, meeting earlier expectations that peggedfull-year net profit to more than doublefor the year.

The firm reported profit attributable to owners of 15.84billion yuan, or 1.48 yuan per share, an increase from 7.71 billion yuan, or 80fen per share, in 2014.

Net cash from operating activities rose to 33.99 billionyuan from 29.34 billion yuan, while revenue and other income jumped to 55.29billion yuan from 23.67 billion yuan in the prior-year period.

The company's board also declared a cash dividend of 45 fenper share for 2015, up from 25 fen per share in .

Separately, the company said the same day that its boardnominated Zhang Ming as independent nonexecutive director. He replaces LyuChangjiang, who resigned in December 2015.

The board also said Hu Jingwu resigned as supervisor of thecompany. Song Chunfeng was nominated as supervisor candidate.

As of March 30, US$1was equivalent to 6.47 Chinese yuan.