Kai Fund made a profit of 39.4 billion and EPS of 2.29 yuan in the first ten months, setting a new high for the same period.

Kai Fund (2883) announced today (13th) its self-reported profit in October, with a single-month after-tax profit of 480 million yuan. In the first ten months of this year, the cumulative after-tax profit was 39.411 billion yuan, with earnings per share of 2.29 yuan. Among them, FVOCI's stock disposal benefits in October were approximately 5.562 billion yuan. Adding the single-month after-tax profits, the total contribution to retained earnings reached 6.042 billion yuan. In the first 10 months, the accumulated stock disposal benefits reached 60.257 billion yuan. Adding the after-tax profits, the total contribution to retained earnings reached 99.668 billion yuan, a record high for the same period in history.

Kaifeng Holdings said that although the Taiwan stock market index fell 5.7% in a single month in October, which suppressed the evaluation performance of investment positions, the core business operating momentum of the main subsidiaries of the financial holdings is still strong. In terms of banking business, supported by core income such as interest and fee income, the overall operating performance is solid. KGI Bank's after-tax profit in a single month was 689 million yuan, and its after-tax profit in the first ten months of this year was 5.958 billion yuan. The cumulative net profit before withdrawals and deposits in the first ten months was 8.43 billion yuan, an increase of 16% over the same period last year. The financial management business maintained growth momentum, and financial management fee income increased by more than 30% compared with the same period last year.

In terms of securities business, KGI Securities' Taiwan brokerage business maintains its second-largest market share in the industry. Financial management revenue in Taiwan and Hong Kong continues to reach new highs. Cumulative financial management fee income has increased by 50% and 1 times respectively compared with the same period last year. Underwriting fee income has increased by 60% compared with the same period last year, driving a single-month after-tax profit from securities to 1.131 billion yuan. In the first ten months of this year, the cumulative after-tax profit reached 25.357 billion yuan, a significant increase of 170% compared with the same period last year.

In terms of life insurance business, KGI Life's insurance industry showed steady growth momentum in October. However, affected by the turmoil in domestic and foreign financial markets, some stock investment positions suffered unrealized valuation losses due to market price fluctuations, resulting in a single-month after-tax net loss of 403 million yuan, and the cumulative after-tax profit in the first ten months was 13.048 billion yuan. However, FVOCI stock disposal benefits reached 5.562 billion yuan in October, and the total in the previous 10 months was 59.97 billion yuan. If the after-tax profits plus FVOCI stock disposal benefits were added, the cumulative contribution to retained earnings in October and the first 10 months were 5.159 billion yuan and 73.018 billion yuan respectively. The overall investment income remained at a stable level.