Financial Performance Expectations - The company expects a net profit attributable to shareholders for 2016 to decrease by 40%-60% compared to the previous year[4] - The net profit for the same period last year was RMB 1,090,875 million[5] - Earnings per share for the previous year were RMB 1.8782[6] Reasons for Decline - The decline in performance is primarily due to significant decreases in securities brokerage and proprietary investment income, attributed to a downturn in the A-share and bond markets[7] - The A-share market and bond market indices experienced substantial fluctuations and declines in 2016[7] - The trading activity in the stock market saw a significant year-on-year decrease[7] Caution and Preliminary Data - The data provided is preliminary and subject to change upon the release of the audited annual report[8] - Investors are advised to be cautious regarding investment risks based on the preliminary forecast[8]
招商证券(600999) - 2016 Q4 - 年度业绩预告