Kai Fund made a profit of 38.9 billion yuan in the first three quarters, and the total FVOCI profit reached 93.6 billion yuan, continuing to hit a new high in the same period.

Kai Fund Holdings announced today (14th) its self-financed financial data for September.

[Reporter Li Lianghui/Taipei Report] Kai Fund (2883) announced its self-financed financial data for September on the 14th, with a single-month after-tax profit of 2.641 billion yuan. In the first three quarters of this year, the cumulative after-tax profit was 38.931 billion yuan, and EPS was 2.26 yuan, surpassing previous full-year profits. The accumulated stock disposal benefits in the first three quarters totaled 54.696 billion yuan. Including after-tax profits, the total contribution to retained earnings reached 93.626 billion yuan, continuing to hit a new high in the same period in history.

Kaifeng Holdings analyzed the market factors that affected September's profit performance, including the Taiwan stock market maintaining a high-end shock pattern amid a strong wait-and-see atmosphere, and the overall trading volume cooling down from the previous month. In addition, the rise in U.S. Treasury bond yields affected bond market price corrections and fluctuations in financial asset evaluations.

In terms of the performance of major subsidiaries, KGI Bank's financial management business has strong growth momentum. Financial management fee income increased by more than 30% compared with the same period last year, driving an after-tax profit of 614 million yuan in September. The cumulative net profit before withdrawals and deposits in the first three quarters was 7.582 billion yuan, an increase of 15% from the same period last year. The cumulative after-tax profit in the first three quarters was 5.269 billion yuan.

In terms of securities business, in September due to market fluctuations, the space for self-operated operations was reduced, and the trading volume of Taiwanese stocks also shrank compared with the previous month. KGI Securities made a single-month after-tax profit of 1.473 billion yuan. The cumulative after-tax profit in the first three quarters of this year reached 24.226 billion yuan, continuing to hit a new high for the same period, a significant increase of 197% over the same period last year, and the cumulative annualized return on shareholders' equity exceeded 40%. KGI Securities emphasized that the core business of KGI Securities has shown strong growth momentum in the first three quarters. Among them, the market share of Taiwan's brokerage business has maintained the second place in the industry. With continuous efforts in the Asia-Pacific wealth management business, financial management revenue in Taiwan and Hong Kong has continued to hit new highs. Taiwan's cumulative financial management revenue has increased by 50% compared with the same period last year, and Hong Kong's has more than doubled year-on-year. The cumulative total amount of sponsored underwriting has maintained the first place in the industry, and underwriting fee income has increased by more than 60% compared with the same period last year.

In terms of life insurance business, KGI Life's new contract business maintained strong growth in September. The monthly new contract premium income reached 16.5 billion yuan, an increase of 188% over the same period last year, a new monthly high in the past five years. The cumulative new contract premium income for the first nine months was 107.9 billion yuan, an increase of 105% over the same period last year. In terms of investment and profit, reflecting market factors and changes in investment position evaluation, KGI Life timely and timely Partial capital gains are now present. The after-tax profit in September was 799 million yuan. The after-tax amount of FVOCI stock disposal benefits was approximately 4.69 billion yuan. The contribution to retained earnings in a single month reached 5.489 billion yuan. The cumulative after-tax profit in the first three quarters was 13.451 billion yuan. The FVOCI stock disposal benefits were approximately 54.407 billion yuan. The total contribution to retained earnings was 67.859 billion yuan.