Haitong Securities (HKG:6837, SHA:600837) said the group recorded 1.03 billion yuan in credit impairment losses in the fourth quarter of 2024, a Friday Hong Kong bourse filing said.
Provision for impairment losses on other assets came in at 10.9 million yuan while the total provision for asset impairment losses was 1.04 billion yuan, representing 10% of the audited net attributable profit for 2023.
The write-off assets for the reporting period totaled 160.1 million yuan, of which finance lease receivables amounted to 100.5 million yuan.
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