Everbright Securities Profits Double

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(Caixin Online) Everbright Securities Co. reaped 2.8 billion yuan in net profits in 2009, 106.7 percent up from 2008 earnings, according to an annual report filed to the Shanghai Stock Exchange on March 22. 

Operating revenues in 2009 reached 5.59 billion yuan, with 4.48 billion yuan from the brokerage business.  

Net assets of Everbright Securities, China's 11th-largest brokerage by assets, expanded to 62 billion yuan at the end of 2009, up 86.4 percent from the beginning of the year. Its net capital hit 18.2 billion yuan at the end of 2009, up 122 percent from the beginning of 2009. Return per share was 0.92 yuan, 96 percent up from 2008's 0.47 yuan.

The company, controlled by the state-owned financial conglomerate China Everbright Group and Hong Kong-listed China Everbright Ltd., raised about 10 billion yuan in the initial public offering on the Shanghai Stock Exchange in August 2009.