证券代码：000776 证券简称：广发证券 公告编号：2025-021 广发证券股份有限公司 关于召开2024年度股东大会的通知 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 特别提示： 本通知按照《深圳证券交易所股票上市规则》要求编制，H股股东参加本次 年度股东大会，请参见广发证券股份有限公司（以下简称"广发证券""本公司" 或"公司"）于香港联合交易所有限公司（以下简称"香港联交所"）披露易网 站（www.hkexnews.hk）及本公司网站（www.gf.com.cn）向H股股东另行发出的 2024年度股东大会通知。 涉及融资融券、约定购回、转融通业务相关账户、合格境外机构投资者（QFII）、 深股通投资者的投票，应按照《深圳证券交易所上市公司股东大会网络投票实施 细则》和《香港中央结算有限公司参与深股通上市公司网络投票实施指引》等有 关规定执行。 一、召开会议基本情况 1．股东大会届次：2024年度股东大会 2．股东大会的召集人：公司董事会。公司第十一届董事会第七次会议已审议 通过关于授权召开本次会议的议案。 3．会议召开的合法、合规性：本次会议召开 ...

Financial Performance - Total revenue and other income for 2024 reached RMB 37,346 million, an increase of 12.16% compared to RMB 33,298 million in 2023[100]. - Profit before tax for 2024 was RMB 11,852 million, reflecting a significant growth of 35.54% from RMB 8,744 million in 2023[100]. - Net profit attributable to shareholders for 2024 was RMB 9,637 million, up 38.11% from RMB 6,978 million in 2023[100]. - Basic earnings per share for 2024 increased to RMB 1.15, a rise of 38.55% compared to RMB 0.83 in 2023[100]. - Total assets as of December 31, 2024, amounted to RMB 758,745 million, representing an 11.22% increase from RMB 682,182 million at the end of 2023[101]. - Total liabilities at the end of 2024 were RMB 605,660 million, an increase of 11.85% from RMB 541,506 million in 2023[101]. - The return on average equity for 2024 improved to 7.44%, up from 5.66% in 2023, indicating enhanced profitability[102]. - The debt-to-asset ratio decreased to 73.76% in 2024 from 74.43% in 2023, showing improved financial stability[102]. - Core net capital at the end of 2024 was RMB 69,460 million, a growth of 6.02% from RMB 65,516 million at the end of 2023[96]. - The liquidity coverage ratio decreased to 161.14% in 2024 from 222.43% in 2023, indicating a reduction in liquidity buffer[96]. Corporate Governance - The financial report for 2024 has been audited by Ernst & Young, receiving a standard unqualified opinion[6]. - The board of directors has confirmed the accuracy and completeness of the annual report, taking legal responsibility for any misstatements or omissions[5]. - All directors attended the board meeting to discuss the report, ensuring collective oversight[6]. Risk Management - The company emphasizes the importance of risk management, addressing liquidity, market, credit, compliance, operational, IT, and reputational risks[6]. - The company aims to maintain stable operations within controllable, measurable, and bearable risk ranges[6]. - The company has established and continuously improved its internal control and comprehensive risk management systems[6]. - The company will continue to strengthen its risk management framework to ensure stable operational development[119]. Business Operations and Strategy - The company has maintained its main business operations without changes since its listing[23]. - GF Securities holds a securities and futures business license approved by the China Securities Regulatory Commission since November 1998[24]. - The company has been a member of the Shanghai Stock Exchange and Shenzhen Stock Exchange since April 2007[27]. - The company has been involved in various innovative activities as a pilot securities firm since December 2004[24]. - The company is focused on market expansion through strategic qualifications, including the recent approval for the liquidity foreign exchange management pilot qualification, which will facilitate its international operations[36]. - The company is actively pursuing market expansion and strategic partnerships to enhance its service offerings and competitive position[70]. - The company has established partnerships with key industry players to enhance its competitive position in the market[31]. Market Performance - The company reported a significant increase in user engagement, with a year-over-year growth of 25% in active users[31]. - Future outlook indicates a projected revenue growth of 15% for the next fiscal year, driven by new product launches and market expansion strategies[31]. - The company’s total assets have increased by 30% year-over-year, reflecting strong financial health and growth potential[31]. - The company has set a target to reduce operational costs by 5% through efficiency improvements and technology integration[31]. Subsidiaries and Branches - The company has established multiple subsidiaries, including Guangfa Financial Trading (UK) Ltd. and Guangfa Futures (Hong Kong) Ltd.[63]. - As of December 31, 2024, the company operates 330 securities business departments across various provinces, with Guangdong province having the highest number at 130[82]. - The company has a total of 100% ownership in its overseas subsidiaries, including Guangfa Holdings Hong Kong with a registered capital of HKD 820,000 million, established in June 2006[77]. - Guangfa Securities has established numerous branches across China, with a total of 36 branches as of 2023[68][70][71][72]. Charitable Contributions - The company has committed over RMB 22.68 million in public welfare spending, with cumulative contributions exceeding RMB 300 million through its charitable foundation[118]. Technological Innovation - The company emphasizes technological innovation in business development, continuously increasing investment in financial technology to enhance digitalization levels[143]. - The company implemented 43 AI large model applications, maintaining industry leadership in the number of scenarios and business coverage[118]. - The company plans to enhance its service capabilities in wealth management, investment banking, and research to align with national strategic goals[119]. - The company aims to accelerate digital transformation and deepen the application of artificial intelligence across all business scenarios[119]. Market Trends - In 2024, the A-share market saw a significant improvement with the Shanghai Composite Index rising by 12.67% and the Shenzhen Component Index increasing by 9.34%[127]. - The total issuance of various bonds in the bond market reached 79.3 trillion yuan, marking an 11.7% year-on-year growth, with a custody balance of 177.0 trillion yuan, up 12.1% year-on-year[127]. - The total scale of public funds under management reached 32.83 trillion yuan, reflecting an 18.93% year-on-year increase, with new fund issuance totaling 1,188.923 billion units, a 4.51% increase year-on-year[127].

截至4月22日，已有26家上市券商发布了2024年年报，其中大型券商悉数披露完毕，新前十强名单浮出水面。 以归母净利润计算，与上一年相比，最新排行前十的券商名单中有3家座次生变。在业务结构方面，自营业务撑场 面，经纪业务显著回暖，投行业务仍然承压，资管业务则表现分化。 随着行业格局持续优化，多家大型券商在2024年度业绩说明会上分享了最新战略打法。 券商业绩十强座次生变 按照2024年年报披露的归母净利润排序，证券行业前十依次为中信证券、华泰证券、国泰海通、招商证券、中国银 河、广发证券、国信证券、中信建投、中金公司、申万宏源。这10家券商的归母净利润合计为1064.78亿元，占全行 业净利润的比重为64%。 需要注意的是，国泰海通仅计国泰君安业绩，如果按照与海通证券模拟合并的财务报表，总营收的位次仍然是第二 名，但净利润指标将跌至第七名。 在不计入海通证券的情况下，行业前十呈现"一超多强"格局。中信证券以637.89亿元的营收、217.04亿元的归母净利 润与之后的券商拉开明显差距。华泰证券、国泰海通、招商证券、中国银河这4家也稳居归母净利润"百亿俱乐部"。 中金公司和申万宏源相对薄弱，归母净利润在50亿至 ...

近日，全国股转公司发布了2025年一季度做市商评价结果。东北证券、上海证券、开源证券排名在前5%，经 手费减免比例为100%。在前20%的榜单中，与去年四季度结果相比，上海证券、天风证券、长江证券等名次 有所上升。 全国股转公司每个季度都会公布一次评价结果，与去年四季度的结果相比，不少券商位次发生变化。 具体来看，上海证券的排名有所上升，排名进入前5%的位置。天风证券的排名也有所上升，进入5%—10% 的位置。长江证券也进入了前10%到20%的位置。当然，也有券商名次有所下降。 又一券商业务榜单发布。 有的券商表示，基于监管机构提升北交所做市业务在分类评级加分中的权重，降低新三板做市业务的权重，公 司未来的做市业务机遇主要集中在北交所。 3家券商获经手费全免资格 近日，全国股转公司发布了2025年一季度做市商评价结果。此次评价对象为2025年一季度开展做市业务的券 商。根据《全国中小企业股份转让系统做市商评价指引（试行）》规定，12家做市商获得了做市交易经手费 减免资格。 根据一季度的评价结果，有6家券商排名在前10%—20%之间，这些券商的经手费减免比例为50%，包括广发 证券、中山证券、华源证券、长江证券 ...

实习时间： 每周至少实习3天以上，实习时间不少于3个月，不满足的请勿投递，实习考核优秀者有留用机会。 岗位职责： 1、负责数据处理、分析、统计等工作，协助研究员完成量化投资相关课题的研究； 实习生招聘 工作地点： 深圳、广州、上海、北京 ，要求线下实习 简历投递截止日期： 2025年4月30日 2、协助进行金融工程策略模型的开发与跟踪等工作； 3、完成小组安排的其他工作。 基本要求： 1、数学、统计、物理、计算机、信息工程等理工科专业，或金融工程相关专业，硕士或博士在读，特别优秀的大四 保研亦可，非应届（2026年及之后毕业）； 2、熟练掌握Python等编程语言，熟悉SQL数据库，有优秀编程能力与编程规范； 3、有责任心，自我驱动能力强， 具有良好的信息搜集能力、逻辑思维能力、分析判断能力、言语和书面表达能力、 人际沟通能力。 加分项： 4、 具备扎实的金融市场基础知识，熟悉股票、债券、期货、指数及基金等核心概念； 5、数学基础好，有科研项目经历、有学术论文被SCI或EI收录； 6、熟悉Wind、 Bloomberg、天软等金融终端； 7、熟悉机器学习、深度学习，熟悉PyTorch、Linux，有GPU服务 ...

又是年报季。今年的年报，不少券商刊发了董事长、CEO等致辞，在致辞中，既有对去年工作的总 结，还有对今年工作的重点部署。券商中国记者梳理了中信证券、国泰君安、华泰证券等头部券商年报 中的致辞，这些券商2024年的净利润几乎都在百亿之上，行业地位稳固，透过这些行业标杆企业领导 们一年一度的讲话，或许能发现更多行业发展的方向。 中信证券董事长张佑君：以高质量发展成效助力金融强国建设 "每一轮的技术浪潮，都催生新一轮的产业变革。技术的变革，既带来挑战，更孕育机遇。华泰证券也正 是在不断的变革中，应对挑战，越战越强，与卓越的中国企业、强大的中国经济共同发展、壮大。"周易 表示。 国泰君安董事长朱健：以自身发展的确定性来应对外部环境的 不确定性 国泰君安于2025年3月29日公布财报，这可能也是该公司以"国泰君安"名义发布的最后一份年报。2024 年，公司实现总营业收入433.97亿元，同比增长20.08%；实现归母净利润130.24亿元，同比增长 中信证券行业地位仍然稳固。2024年，公司实现营业收入637.89亿元，同比增长6.20%，实现归属于母 公司股东净利润217亿元，同比增长10.06%，总资产规模达1.7 ...

Financial Performance - The audited financial report for the year ending December 31, 2024, has been prepared in accordance with international financial reporting standards and has received a standard unqualified audit opinion from Ernst & Young[6]. - The company reported a significant increase in revenue, achieving a total of $1.2 billion, representing a 15% year-over-year growth[27]. - The company reported a revenue increase of 22.65% year-over-year[54]. - Total revenue and other income for 2024 reached RMB 37,346 million, an increase of 12.16% compared to RMB 33,298 million in 2023[78]. - Profit before tax for 2024 was RMB 11,852 million, reflecting a 35.54% increase from RMB 8,744 million in 2023[78]. - Net profit attributable to shareholders for 2024 was RMB 9,637 million, up 38.11% from RMB 6,978 million in 2023[78]. - Basic earnings per share for 2024 were RMB 1.15, a 38.55% increase from RMB 0.83 in 2023[78]. - The weighted average return on equity for 2024 was 7.44%, up from 5.66% in 2023, an increase of 1.78 percentage points[78]. Dividends and Shareholder Returns - The company plans to distribute a cash dividend of 4.00 RMB per 10 shares (including tax) to all shareholders, with no bonus shares or capital increase from reserves[6]. - The company's total equity attributable to shareholders increased to RMB 147,602 million, an 8.76% rise from RMB 135,718 million in 2023[78]. Risk Management and Compliance - The company emphasizes the importance of risk management, addressing liquidity, market, credit, compliance, operational, information technology, and reputational risks[6]. - The board of directors guarantees the truthfulness, accuracy, and completeness of the annual report, taking legal responsibility for any false records or significant omissions[5]. - The company has been recognized as a member of multiple exchanges, including the Beijing Stock Exchange and the Shanghai Stock Exchange, which supports its market expansion strategy[31]. - The company is committed to compliance and risk management, being one of the first brokerages to implement comprehensive risk management strategies, ensuring stable operations[127]. Business Operations and Strategy - The company has maintained its main business operations without changes since its listing[21]. - The company focuses on four main business segments: investment banking, wealth management, trading and institutional business, and investment management[113]. - The company has established a comprehensive business system with four major business segments: investment banking, wealth management, trading and institutional services, and investment management, maintaining a leading position in multiple core business areas[122]. - The company is strategically positioning itself for future growth by continuously acquiring new qualifications and expanding its service offerings in the financial sector[32]. Market Expansion and Product Development - User data showed a growth in active users, reaching 5 million, which is a 20% increase compared to the previous quarter[27]. - The company provided an optimistic outlook for the next quarter, projecting a revenue increase of 10% to $1.32 billion[27]. - New product launches are expected to contribute an additional $200 million in revenue over the next fiscal year[27]. - The company is investing in new technology development, allocating $50 million towards R&D initiatives[27]. - Market expansion plans include entering two new international markets, aiming for a 5% market share within the first year[27]. Subsidiaries and Capital Structure - The registered capital of GF Securities is RMB 7,621,087,664[17]. - The company has established multiple subsidiaries across various regions, enhancing its market presence and operational capabilities[66]. - The company has a registered capital of RMB 710,350,000 for Guangfa Qianhe, with a 100% ownership stake[60]. - Guangfa Futures has a registered capital of RMB 205,000,000, fully owned by the company[60]. Technological Innovation and R&D - The company is investing 1.99% of its revenue into technology research and development for innovative financial solutions[54]. - The company emphasizes technological innovation, increasing investment in fintech to enhance digital capabilities and integrate technology with business operations[123]. Awards and Recognition - The company was awarded multiple accolades, including the "Best M&A Financial Advisor" by Securities Times and the "Best Refinance Investment Bank" by New Fortune[166]. - The company has been recognized multiple times for its research capabilities, winning several prestigious awards from 2017 to 2024[189]. Future Outlook - The company plans to focus on national strategies and enhance its professional capabilities while embracing technological innovations for future growth[103]. - The company aims to improve operational efficiency, targeting a reduction in costs by 4.36% through digital transformation[54].

Financial Performance - Total operating revenue for Q3 2024 reached CNY 7,358,929,828.38, an increase of 54.08% compared to the same period last year[4] - Net profit attributable to shareholders for Q3 2024 was CNY 2,402,057,661.53, representing an 88.90% increase year-on-year[4] - Net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 2,118,508,547.96, up 62.68% from the previous year[4] - Basic and diluted earnings per share for Q3 2024 were both CNY 0.29, reflecting a 107.14% increase compared to the same period last year[4] - Total revenue for the period reached CNY 19,137,048,463.57, an increase from CNY 18,013,657,311.89 in the previous period, reflecting a growth of approximately 6.22%[17] - The total profit for the current period is approximately ¥8.18 billion, an increase from ¥7.39 billion in the previous period, representing a growth of about 10.76%[18] - Net profit for the current period is approximately ¥7.50 billion, up from ¥6.54 billion, reflecting a year-over-year increase of about 14.69%[18] - The total comprehensive income attributable to the parent company's owners is approximately ¥7.96 billion, an increase from ¥6.35 billion, representing a growth of about 25.51%[18] Cash Flow - The net cash flow from operating activities for the year-to-date period reached CNY 31,163,341,650.54, a significant increase of 150.77%[4] - Net cash flow from operating activities rose by 150.77% to ¥31,163,341,650.54, up from ¥12,427,006,624.21 in the previous year[7] - The net cash flow from operating activities is approximately ¥31.16 billion, significantly higher than ¥12.43 billion in the previous period, indicating a growth of about 150.00%[19] - Cash inflow from investment activities is approximately ¥12.04 billion, compared to ¥4.29 billion in the previous period, marking an increase of about 180.00%[19] - The net cash flow from financing activities shows a negative value of approximately -¥10.73 billion, worsening from -¥8.78 billion in the previous period[20] - The company reported a significant increase in cash received from interest, fees, and commissions, totaling approximately ¥17.56 billion, compared to ¥19.32 billion in the previous period[19] Assets and Liabilities - Total assets as of September 30, 2024, amounted to CNY 770,653,448,432.52, a 12.97% increase from the end of the previous year[4] - Total liabilities rose to CNY 622,558,737,908.07, compared to CNY 541,505,969,211.81 at the end of 2023, indicating an increase of around 14.98%[15] - The company's equity attributable to shareholders increased to CNY 142,788,719,467.83 from CNY 135,717,647,870.07, reflecting a growth of approximately 5.93%[16] - The total equity increased to CNY 148,094,710,524.45 from CNY 140,675,710,016.60, reflecting a growth of approximately 5.88%[16] Investment and Income - Investment income increased by 62.26% to ¥5,551,476,128.36 from ¥3,421,421,290.10 year-on-year[7] - Investment income surged to CNY 5,551,476,128.36, up from CNY 3,421,421,290.10, representing an increase of about 62.19%[17] - Other business income surged by 247.92% to ¥641,810,443.32, driven by increased sales of bulk commodities[7] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 217,432, with the top ten shareholders holding significant stakes[9] - The largest shareholder, Hong Kong Central Clearing Limited, holds 22.31% of the shares, totaling 1,700,170,760 shares[9] - Jilin Aodong Pharmaceutical Group holds 1,252,768,767 A-shares, accounting for approximately 20.05% of the total share capital[10] - Liaoning Chengda holds 1,250,154,088 A-shares, representing about 17.94% of the total share capital[10] - As of September 30, 2024, Jilin Aodong and its concerted actors hold a total of 3.61% of the company's H-shares[10] - The top 10 unrestricted shareholders hold a total of 1,700,170,760 H-shares, representing a significant portion of the company's equity[10] Financial Ratios - The weighted average return on net assets increased by 0.90 percentage points to 1.85% for Q3 2024[4] - Risk coverage ratio increased to 235.09%, up by 1.73 percentage points from 233.36%[8] - The liquidity coverage ratio decreased significantly by 89.21 percentage points to 133.22% from 222.43%[8] Capital and Contributions - The company increased its capital contribution to GF Holdings (Hong Kong) by HKD 1.1 billion, raising its paid-in capital to HKD 8.2 billion[12] - GF Financial Holdings BVI Ltd. issued USD 300 million in floating rate bonds with a 3-year term, guaranteed by the company[13] - The company has 26 branches and 331 securities business departments, totaling 357 institutions across 31 provinces and municipalities[12] Other Financial Metrics - Core net capital decreased by 1.47% to ¥64,554,987,081.19 from ¥65,515,503,102.87 at the end of the previous year[8] - Total net capital declined by 1.62% to ¥91,654,987,081.19 compared to ¥93,165,503,102.87 at the end of last year[8] - The company maintained a stable capital reserve of CNY 31,275,141,062.93, slightly decreasing from CNY 31,296,847,770.85[16] - The company received approximately ¥2.00 billion from issuing perpetual bonds during the current period, down from ¥11.50 billion in the previous period[20]

Financial Performance - Net profit attributable to shareholders for the first half of 2024 was RMB 4.538 billion, a decrease of 3.88% compared to RMB 4.717 billion in the same period of 2023[19]. - Earnings per share for the first half of 2024 was RMB 0.56, down 7.14% from RMB 0.60 in the first half of 2023[19]. - The total revenue and other income for the reporting period was RMB 17.136 billion, a decrease of 5.25% year-on-year[41]. - Total expenses amounted to RMB 12.139 billion, down 2.81% year-on-year[41]. - The net profit attributable to shareholders of the company was RMB 4.362 billion, a decline of 3.88% year-on-year[41]. - The average monthly paid-in scale of funds managed by Guangfa Xinde in Q2 2024 exceeded RMB 17.5 billion[80]. - Commission and fee income for the first half of 2024 was RMB 6,784 million, down 13.43% from RMB 7,836 million in the same period of 2023[81]. - Net investment income for the first half of 2024 was RMB 3,654 million, an increase of 40.08% compared to RMB 2,609 million in the same period of 2023[81]. Asset and Liability Overview - Total assets as of June 30, 2024, reached RMB 689.328 billion, reflecting a 1.05% increase from RMB 682.182 billion at the end of 2023[17]. - The company’s total liabilities as of June 30, 2024, were RMB 543.677 billion, a slight increase of 0.40% from RMB 541.506 billion at the end of 2023[17]. - The equity attributable to shareholders of the company reached RMB 140.703 billion, up 3.67% from the end of 2023[41]. - The debt-to-asset ratio, excluding accounts payable to brokerage clients, decreased to 73.65%, down 0.78 percentage points from 74.43% at the end of last year[89]. - Cash and cash equivalents increased to RMB 23,089 million, an increase of 18.22% compared to RMB 19,530 million a year earlier[93]. Risk Management - The company emphasizes the importance of risk management, including compliance, liquidity, market, credit, operational, IT, and reputational risks, and has established a comprehensive risk management system[3]. - The company has faced various operational risks and is committed to maintaining stable operations within controllable risk limits[3]. - The liquidity coverage ratio decreased to 188.26%, down 34.17 percentage points from 222.43% at the end of the previous year[21]. - The company is enhancing its liquidity risk management through proactive liquidity reserves and monitoring[106]. - Market risk is increasing due to the expansion of the company's business scope and capital cross-border flow, influenced by geopolitical conflicts and changes in overseas monetary policy[108]. - Credit risk management focuses on identifying and managing credit risks across all products and businesses, including new products and services[118]. Corporate Governance - The board of directors consists of 11 members, with 7 being non-executive directors, including 4 independent non-executive directors, ensuring a balance of power and responsibilities[135]. - The company has adopted the "Standard Code" and "Corporate Governance Code" to regulate the trading of its listed securities and enhance governance practices[135]. - The company has maintained compliance with the Corporate Governance Code, achieving most of the recommended best practices during the reporting period[135]. - The company has implemented a governance structure that complies with both domestic and international regulations, ensuring effective internal control and management systems[135]. Dividend Distribution - The company plans to distribute a cash dividend of 1.00 yuan per 10 shares, totaling 760,584,551.10 yuan, which represents 100% of the total profit distribution[144]. - The total distributable profit amounts to 31,134,229,822.98 yuan[144]. - The cash dividend for the first half of 2024 is RMB 760,584,551.10, accounting for 17.44% of the net profit attributable to shareholders in the consolidated financial statements for the same period[145]. Market Activity - In the first half of 2024, the A-share market saw a decrease in equity financing, with a total of 105 transactions raising 99.315 billion yuan, a year-on-year decrease of 81.48%[26]. - The number of IPOs completed in the first half of 2024 was 43, raising 30.272 billion yuan, which represents a year-on-year decrease of 86.16%[26]. - The company underwrote 293 bond issues in the first half of 2024, a year-on-year increase of 70.35%, with a total underwriting amount of 152.428 billion yuan, up 64.63%[48]. Employee and Community Engagement - The company has a total of 14,492 employees as of June 30, 2024, with 12,112 in the parent company and 2,380 in subsidiaries[147]. - The group invested a total of 12.05 million yuan in public welfare during the reporting period, including 7.36 million yuan specifically for rural revitalization and educational support initiatives[157]. - The company has committed 6.3 million yuan over three years for poverty alleviation efforts in various counties, with 3 million yuan allocated for consumption assistance[159]. Environmental and Social Responsibility - The company has implemented energy-saving measures, resulting in a 0.55 kWh/m² decrease in energy consumption per unit building area compared to the previous year[154]. - The total waste generated by the company decreased by 14.80% compared to the previous year[154]. - The company processed approximately 23 tons of recyclable waste during the reporting period, including paper, metal, and plastic[155].

Financial Performance - GF Securities reported an unaudited interim revenue of RMB 1.2 billion for the six months ending June 30, 2024, representing a year-on-year increase of 15%[5]. - Total revenue and other income for the first half of 2024 was RMB 17,136 million, a decrease of 5.25% compared to RMB 18,085 million in the same period of 2023[39]. - Profit before tax for the first half of 2024 was RMB 5,117 million, down 14.33% from RMB 5,974 million in the first half of 2023[39]. - Net profit attributable to shareholders for the first half of 2024 was RMB 4,362 million, a decline of 3.88% from RMB 4,538 million in the same period of 2023[39]. - Basic earnings per share for the first half of 2024 was RMB 0.52, down 7.14% from RMB 0.56 in the first half of 2023[39]. - The company's commission and fee income for the first half of 2024 was RMB 6.78 billion, a decrease of 13.43% from RMB 7.84 billion in the same period of 2023[136]. - Interest income for the first half of 2024 was RMB 6.25 billion, down 8.18% from RMB 6.80 billion year-on-year[136]. - The net investment income increased by 40.08% to RMB 3.65 billion in the first half of 2024, compared to RMB 2.61 billion in the same period of 2023[136]. Asset and Liability Management - Total assets as of June 30, 2024, were RMB 689,328 million, an increase of 1.05% from RMB 682,182 million at the end of 2023[39]. - Total liabilities as of June 30, 2024, were RMB 543,677 million, a slight increase of 0.40% from RMB 541,506 million at the end of 2023[39]. - Equity attributable to shareholders increased by 3.67% to RMB 140,703 million as of June 30, 2024, compared to RMB 135,718 million at the end of 2023[39]. - The asset-liability ratio decreased by 0.78 percentage points to 73.65% as of June 30, 2024, compared to 74.43% at the end of 2023[39]. - The debt-to-asset ratio, excluding client payables, decreased to 73.65%, down 0.78 percentage points from the previous year[151]. - Cash and cash equivalents increased by 18.22% to RMB 23.089 billion compared to RMB 19.530 billion as of June 30, 2023[157]. Risk Management - The company is committed to enhancing its internal control and risk management systems to mitigate various risks, including compliance, liquidity, and market risks[5]. - The company has established a comprehensive risk management framework to ensure stable operations within controllable risk parameters[5]. - The company faces liquidity risk, market risk, credit risk, compliance risk, operational risk, information technology risk, and reputation risk, which are increasingly complex due to diversified and internationalized business trends[186][190][191]. - The company emphasizes the need for effective liquidity risk management to ensure financial stability amid various risk factors[187]. - Credit risk exposure is increasing due to the complexity of securities company leverage and the development of innovative businesses, posing greater challenges for future credit risk management[191]. - The company has established a comprehensive risk management system to address various types of risks across all business lines and departments[199]. Business Operations and Strategy - The company operates in four main business segments: investment banking, wealth management, trading and institutional business, and investment management[58]. - The company aims to enhance its service quality in line with the national goal of building a strong financial country, focusing on high-quality development in the capital market[54]. - The company's main business relies on China's economic growth, wealth accumulation, and the development of the capital market, with a stable operational trend observed during the reporting period[62]. - The company has maintained a stable shareholding structure, with major shareholders consistently in the top three for 25 years, providing strong support for overcoming development bottlenecks[68]. - The company has a comprehensive business system with four major segments: investment banking, wealth management, trading, and investment management, consistently ranking among the top in China[70]. - The company actively integrates financial technology into its business, enhancing digital capabilities and promoting innovation[71]. Shareholder Returns and Dividends - The company plans to distribute a cash dividend of RMB 1.00 per 10 shares to shareholders, based on the number of shares after deducting 15,242,153 shares held in the repurchase account[5]. - The board has approved the interim profit distribution plan, reflecting the company's commitment to returning value to shareholders[5]. Market Trends and Performance - The average daily trading volume in the A-share market decreased by 10.46% year-on-year to RMB 870.72 billion[52]. - The total amount of equity financing in the A-share market dropped by 81.48% year-on-year to RMB 99.315 billion, with IPOs down by 86.16%[52]. - In the first half of 2024, the A-share market completed 105 equity financing transactions, raising RMB 99.31 billion, representing a year-on-year decrease of 71.93%[82]. - The domestic bond market saw a decline in corporate bond issuance by 70.94% year-on-year, amounting to RMB 39.13 billion[88]. Investment and Asset Management - The company’s total trading volume in the Shanghai and Shenzhen stock markets was approximately 33.99 trillion CNY in the first half of 2024, with a market share of 4.58%[98]. - The company’s asset management plans saw a net value scale growth of 27.13%, 0.82%, and 56.45% for collective, single, and special asset management plans respectively compared to the end of 2023, with a total growth of 17.67%[123]. - The public fund management business managed by the company totaled RMB 1,427.79 billion as of June 30, 2024, up 16.94% from RMB 1,220.67 billion at the end of 2023[130]. - The company’s financial product distribution scale exceeded 220 billion CNY, representing a year-on-year growth of 4.00%[96]. Compliance and Governance - The board of directors confirmed that all members attended the meeting to discuss the interim report, ensuring full accountability for the report's accuracy and completeness[5]. - The interim financial report has been reviewed by Ernst & Young, ensuring adherence to international accounting standards[5]. - GF Securities emphasizes the importance of understanding the differences between plans, forecasts, and commitments, urging investors to remain aware of associated risks[5].