[ET Net News Agency, 28 July 2021] China Renaissance Holdings Limited (01911) said the
group expects to record a profit for the period attributable to owners of the company of
approximately RMB1,200 million for the six months ended 30 June 2021, as compared to a
profit attributable to owners of the company of approximately RMB407 million for the
corresponding period in 2020, representing a significant increase of approximately 194%.
Such increase was mainly attributable to (i) robust investment banking transaction
pipeline utilizing the group's underwriting capabilities for Initial Public Offerings,
especially in the Hong Kong capital market during the six months ended 30 June 2021; (ii)
continued contribution of investment income from private equity funds managed under
investment management business; and (iii) the turnaround from loss to profit of China
Renaissance Securities (China) Co. Ltd. for the six months ended 30 June 2021. (RC)