Hanyang Securities announced on May 15 that it recorded an operating profit of 29.4 billion KRW and a net profit of 21.1 billion KRW in the first quarter of this year.
Both operating profit and net profit for the first quarter increased by more than 50% compared to the same period last year. The return on equity (ROE), which indicates the company's profitability, stood at 16.3%, placing it among the top in the industry.
In particular, balanced growth was observed across all business sectors, including bonds, investment banking (IB), real estate project financing (PF), and trading. First, in the bond sector, strategic positioning proved effective amid a market environment marked by increased interest rate volatility. The IB sector continued to deliver stable results in lead management and underwriting of asset-backed securities and hybrid capital securities.
Additionally, the real estate PF sector achieved both an increase in new deals and higher profits. The trading sector diversified its revenue streams by securing profits from risk-free arbitrage and gains from mezzanine valuations.
Lim Jaetaek, CEO of Hanyang Securities, emphasized, "What matters more than being a fast-moving organization is having a structure that can survive to the end," adding, "We will continue to pursue management that secures both profitability and long-term growth potential."
Since CEO Lim took office in 2018, Hanyang Securities has nearly doubled its equity capital over the past seven years. Recently, the company surpassed 500 billion KRW in equity through organic growth without a capital increase, earning recognition for establishing a solid management foundation.
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