Taishin Shin Kong Financial Holdings made profits in the first three quarters with a huge profit of 64.17 billion, an annual growth of 184%

Taishin Shin Kong Financial Holdings announced that its net profit after tax in September this year was NT$4.42 billion, an increase of 8% from the same period last year. Its cumulative net profit after tax was NT$64.17 billion, an increase of 184% from the same period last year. Net profit after tax per share (EPS) was NT$2.47, a record high.

An overview of the profits of each subsidiary of Taishin Shin Kong is as follows: "Taishin Bank" had an after-tax net profit of 1.92 billion yuan in September; the cumulative after-tax net profit was 19.34 billion yuan, an increase of 25% from the same period last year, and continued to hit a record high for the same period last year. Thanks to the strong momentum of the core business, the net interest margin increased compared with the same period last year, driving both net profit and net income to grow by 25%. As of the end of September, the overpayment ratio was 0.18%, the allowance for bad debt coverage was 714%, and asset quality remained stable.

Shin Kong Bank's net profit after tax in September was 630 million yuan; its cumulative net profit after tax was 7.55 billion yuan, an increase of 87% from the same period last year, continuing to hit a new high for the same period in the past. The cumulative net fee income increased by 27% compared with the same period last year, and the performance was outstanding. The sales momentum of wealth management products such as insurance and funds was strong, driving financial management income to continue to hit new highs. As of the end of September, the overpayment ratio was 0.13%, the allowance for bad debt coverage was 923%, and asset quality continued to remain solid.

As for Shin Kong Life, its net profit after tax in September was 1.87 billion yuan; its cumulative net profit after tax was 32.22 billion yuan. Under the dual support of the continuous and stable release of CSM and recurring investment income, operating performance remained stable. In the future, the core goal will still be to increase recurring income, and continue to implement dynamic risk control and optimal asset-liability matching, respond to market fluctuations at a steady pace, and continue to maintain good operating performance. The momentum of the insurance business remains strong, with FYP reaching 103.72 billion from January to September, an annual growth of 30%.

Subsidiary "Taishin Securities" reported an after-tax net profit of 330 million yuan in September; the cumulative after-tax net profit was 8.96 billion yuan (including the profits of Yuanfu Securities from January 1 to April 5 this year), which continued to hit a new high for the same period in previous years. This was mainly due to the expansion of self-operated investment positions, and the rise in securities market indexes and active transactions, resulting in an increase in operating securities disposal benefits and brokerage fee income.