China Securities sees net profits down in April
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China Securities Co., Ltd., a major Chinese brokerage firm, reported a plunge in net profits in April, company data showed.

Net profits for its parent company amounted to 345.89 million yuan (about 50.9 million U.S. dollars) last month, down from about 836.6 million yuan in March, according to a statement filed by the company to the Shanghai Stock Exchange.

Revenue came in at 914.3 million yuan last month, while net assets stood at 47.98 billion yuan at the end of April, the statement showed.

The result was unaudited, the company said.

China Securities shares gained 6.9 percent to close at 21.84 yuan per share on the Shanghai Stock Exchange Friday.

Author： 　　　Source：xinhua　　　 Editor：Yang Fan