The combined annual net profits of 15 A-share listed brokerages up to 31 Dec 2012 saw a 36 percent year-on-year decrease, according to a financial report.
Eight brokerages reported growth in net profit thanks to increasing incomes from innovative businesses, including refinancing and direct investment.
Mounting trade volume growth and better policy environment for innovative business will help the recovery of traditional brokerage business, said analysts.
The 15 A-share listed brokerages which released their 2012 financial reports on Tuesday reported combined net profits of 15.3 billion yuan ($2.45 billion).
Combined revenue of the brokerages in 2012 was 52.3 billion yuan, a 19.6 percent year-on-year decrease.
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