East Money Information estimates 2020 net profit to be 4.5 billion yuan~4.9 billion yuan, up 145.73%~167.57% YoY

NBD AI Bulletin - East Money Information Co Ltd (the Company) on January 22 issued a performance forecast, expecting the Company's net profit attributable to shareholders of the listed company to be about 4.5 billion yuan~4.9 billion yuan, up 145.73%~167.57% from a year ago. Basic earnings per share is projected to be 0.5451 yuan~0.5935 yuan.

The main reason for the change in performance is the significant year-over-year growth in revenue from the securities business due to the large increase in turnover of the stock transactions in the Chinese securities market. Meanwhile, the turnover of funds on the Company's internet finance platform and revenue from the financial e-commerce business both saw a big increase. In 2020, the Company's operating costs rose significantly.

East Money Information's chairman and general manager is Qi Shi, male, 51 years old, Chinese national, no permanent overseas residency, bachelor's degree from Shanghai Jiaotong University, master's degree and PhD from Fudan University.

Tips on "Stock Trends":

1. The number of shares held by northbound investors in the Company increased by 115.6642 million in the past 30 days, representing 1.63% of the Company's circulating shares. 

2. There was no institutional research on the Company in the past 30 days.

(By Lan Suying)

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