2024-02-15 10:24:55
440,000 shareholders are disappointed! Shin Kong Gold (2888) announced on the evening of the 15th that it had a self-settled monthly loss of 2.249 billion yuan in January. It turned into a single-month loss once more following making a huge profit of 3.2 billion yuan in a single month last year, and it was the only one among the 14 financial holding companies to lose money. However, company spokesperson Vice President Lin Yijing explained that there are two major reasons for this, and one of them is good news! The first reason is the net exchange loss, and the second reason is that the new policy sold well, resulting in an increase in initial costs.
440,000 shareholders are disappointed!Shin Kong Gold lost 2.2 billion yuan in January, but the company revealed a good news picture/Provided by Shin Kong Gold
Shin Kong Financial announced on the 15th that its self-settled monthly loss was 2.249 billion yuan, with a loss of 0.15 yuan per share. It was the only single-month loss among 14 financial holding companies. Other life insurance financial holding companies generally benefited from the depreciation effect of the New Taiwan dollar and experienced large exchange benefits. However, Shin Kong Life still lost 3.084 billion yuan in a single month. Lin Yijing explained that although the appreciation of the U.S. dollar generated exchange gains, additional deposits of foreign exchange price reserves resulted in an inability to cover costs and still resulted in a net loss.
However, another reason for the loss is good news. Lin Yijing said that the annual growth rate of premium income in January was as high as 73%. Usually the cost of new contract policies is relatively high, so although this is also the reason for Xinlife’s losses, she is happy to see it. New premiums have strong growth, helping to improve physical fitness. In addition, Xin Shou also took advantage of the high point of the Taiwan stock market in January and took advantage of the trend to sell stocks and recognize some capital gains, with the amount exceeding double digits.
Lin Yijing said that Xinguang Gold hopes to continue to strengthen its promotion and strengthen its physical fitness. Once the Federal Reserve starts to cut interest rates in the future, the interest rate gap between Taiwan and the United States will be narrowed due to the interest rate cut, and the pressure on Xinguang’s exchange costs will be greatly reduced, and it is expected to develop in a positive direction. In addition, banks and securities also maintained steady growth. In January, Shin Kong Bank’s annual profit growth rate increased by 37%, contributing 617 million yuan in a single month; Yuanfu Securities’ earnings also increased by 6.2%, contributing 224 million yuan.
Shin Kong Gold lost 3.851 billion yuan in January last year. Although it lost 2.2 billion yuan in January this year, it was still an improvement over the same period last year. However, compared with the huge loss in life insurance and financial holdings in December last year, it bucked the trend and made a huge profit of 3.233 billion yuan in a single month. The meta situation is just the opposite.
-
Yahoo Finance special correspondent Ye Yiru: With more than 20 years of experience in mainstream financial media, from the Web1.0 bubble in 2000 to the Meta Yuanverse Web3.0, he has witnessed the rise and fall of Taiwan’s large and small business groups, and has experienced five international financial crises. We believe that finance is life and is everywhere. No matter how difficult financial knowledge is, we should explain it in a simple way. Everyone, young and old, should manage money. If you don’t manage money, money will not care regarding you.
1708047865
#shareholders #disappointedShin #Kong #Gold #Yuan #lost #billion #yuan #company #revealed #good #news
