According to the law, listed securities companies have disclosed performance express or forecast according to their own situation, and 30 A-share listed securities companies have released the performance in 2019.
In terms of the year-on-year growth of net profit attributable to the parent company, Societe Generale Securities ranks first with a growth rate of more than 10 times and the highest 12 times. The year-on-year growth of net profit attributable to the parent company of Guohai Securities, Changjiang Securities, Everbright Securities and Southwest Securities is more than 3 times, and that of CAITONG securities, Huaan securities, Northeast Securities, Dongwu securities, Western securities, Hongta securities, Nanjing Securities and Shanxi securities is more than 1 times. In addition The Pacific is turning around.
It is worth mentioning that Tianfeng securities is the only securities company whose net profit attributable to the parent company may decline year on year. It is understood that in 2019, the companys self operating and investment banking business income increased year-on-year, but the default or performance guarantee ratio of some stock pledge business decreased, and the credit impairment loss was accrued, resulting in little change in the companys net profit in 2019 year-on-year.
In addition, 9 of the 30 securities companies published the performance express, and their annual revenue was also announced, and all of them increased year-on-year. The annual revenue of CITIC Securities is 43.177 billion yuan, a year-on-year increase of 16%; that of Guotai Junan is 29.856 billion yuan, a year-on-year increase of 31%; that of Galaxy China and CSC is over 10 billion yuan, a year-on-year increase of 70% and 25.5%, respectively. Galaxy China is also the listed securities company with the largest annual revenue increase.
Huatai or third in the industry
The leading position of the industry is preliminarily determined. CITIC Securities ranks first in the industry with a net profit of 12.288 billion yuan attributable to its mother; Haitong Securities ranks second temporarily with a net profit of 9.38 billion yuan to 9.693 billion yuan attributable to its mother; Huatai Securities and Guotai Junan currently rank third and fourth respectively. According to the performance, Huatai Securities may surpass Guotai Junan in 2019 to become the third in the industry with the final disclosure of the annual report as the criterion.
According to the announcement of performance increase in advance issued by Huatai Securities, it is estimated that the net profit attributable to the parent in 2019 will increase by 3.523 billion yuan to 4.278 billion yuan year on year, and 5.033 billion yuan in the previous year, that is to say, the net profit attributable to the parent in Huatai securities will be between 8.556 billion yuan to 9.311 billion yuan in the whole year; according to the data disclosed by Guotai Junan, the net profit attributable to the parent in 2019 will be 8.626 billion yuan.
Three pillars of performance growth:
Brokerage, investment and investment bank
The general increase of brokerage business income is obvious, which is the common reason for the good performance of various securities businesses. In 2019, the market recovered as a whole, with the Shanghai composite index rising 23.71% from 2440 to more than 3000, and the Shenzhen Composite Index and gem index rising 44.08% and 43.79% respectively. As an important indicator to judge the prosperity of the market, the balance of the two financial sectors broke through the trillion mark again at the end of 2019, with an increase of about 35% in the year, and about 260 billion yuan of leverage funds poured into the stock market. In the periodic market, the volume and price of a shares rose.
The reporter combed and found that at least 25 securities companies stated in the reasons for the performance increase in advance that the profit growth of brokerage business or wealth management business was relatively large. For example, Huatai Securities said that the overall recovery of A-share market, the main index of Shanghai and Shenzhen stock market was up, the two stock exchanges were active, and the financing scale was significantly increased. By firmly promoting the two wheel drive development strategy under the power of science and technology, wealth management The revenue of main business lines such as management, institutional services, investment management and international business all achieved year-on-year growth.
Influenced by the overall recovery of the securities market, the income of securities investment business of securities companies generally increased significantly. There are 20 securities companies mentioned this item in the reason of performance increase in advance, such as CITIC Securities, China Merchants Securities, Orient Securities, industrial securities, etc. Societe Generale Securities, whose net profit has increased by more than 10 times in the whole year, said that the securities investment business has achieved good returns, the branch has made remarkable achievements in transformation and development, and the brokerage business income has achieved a restorative growth. In 2019, under the joint effect of capital market reform and IPO normalization and other factors, the investment banking business of securities companies was very good. 14 securities companies mentioned that the investment banking business performed well in the reason of performance increase in advance. Such as CSCI, GF Securities, Changjiang Securities, CAITONG securities, etc. According to wind data, in 2019, the main underwriting revenue of CITIC Securities, CICC, CSCI, China Merchants Securities, GF Securities, Guoxin Securities, Guotai Junan and Huatai United exceeded 500 million yuan, and the total main underwriting revenue of the eight securities companies accounted for 55% of the market share. Source: responsible editor of Securities Times: Yang bin_nf4368
Influenced by the overall recovery of the securities market, the income of securities investment business of securities companies generally increased significantly. There are 20 securities companies mentioned this item in the reason of performance increase in advance, such as CITIC Securities, China Merchants Securities, Orient Securities, industrial securities, etc. Societe Generale Securities, whose net profit has increased by more than 10 times in the whole year, said that the securities investment business has achieved good returns, the branch has made remarkable achievements in transformation and development, and the brokerage business income has achieved a restorative growth.