上 市 公 司 非银金融 公 2024年04月30日 光大证券 (601788) 司 研 究 ——业绩低于预期，关注监管强调财富管理能力建设背景 公 司 下光大证券优势凸显 点 评 报告原因：有业绩公布需要点评 事件：光大证券披露 2024 年一季报，业绩低于预期。实现营业收入 22.0 亿元 增持 （维持） /yoy-20%/qoq-3% ， 实 现 归 母 净 利 润 6.8 亿 元 /yoy-29%/qoq+884% ， 加 权 ROE1.01%/yoy-0.56pct。 证 券 ⚫ 净利息及投行同比双位数增长，年化有息负债成本下降。1Q24实现光大证券主营收入21.8 研 亿元/yoy-15%/qoq-2%；其中，经纪、投行、资管、净利息、净投资收入/同比增速如下： 市场数据： 2024年04月29日 究 6.3亿/yoy-15%、2.5亿/+30%、1.8亿/-19%、4.8亿/+14%、6.0亿/-37%。收入占比 报 收盘价（元） 16.62 如下：经纪占29%、净投资28%、净利息22%、投行11%、资管8%（剔除其他手续费 一年内最高/最低（元） 19.99/13.95 告 市净率 1.1 ...

Financial Performance - The company's operating revenue for Q1 2024 was RMB 2,204,205,085.90, representing a decrease of 19.85% compared to the same period last year[5] - Net profit attributable to shareholders was RMB 682,436,814.38, down 28.75% year-on-year[5] - Basic and diluted earnings per share were both RMB 0.13, reflecting a decline of 31.58%[5] - Operating profit for Q1 2024 was approximately ¥845.63 million, a decrease of 30.5% compared to ¥1.22 billion in Q1 2023[36] - Net profit for Q1 2024 was approximately ¥688.50 million, down 29.0% from ¥970.27 million in Q1 2023[36] - Total comprehensive income for Q1 2024 was approximately ¥766.10 million, a decline of 26.8% compared to ¥1.05 billion in Q1 2023[36] - Net profit for Q1 2024 was CNY 626.80 million, down 13.5% from CNY 724.48 million in Q1 2023[47] - The company reported a total comprehensive income of CNY 709.86 million for Q1 2024, down from CNY 811.78 million in Q1 2023[47] Cash Flow - The net cash flow from operating activities increased by 91.75% to RMB 4,432,774,445.28, primarily due to increased cash inflows from securities trading and lending[11] - Cash flow from operating activities for Q1 2024 was approximately ¥4.43 billion, an increase of 92.0% from ¥2.31 billion in Q1 2023[37] - Cash flow from investing activities for Q1 2024 was approximately ¥3.46 billion, a significant improvement from a negative cash flow of ¥8.39 billion in Q1 2023[37] - Cash flow from financing activities for Q1 2024 resulted in a net outflow of approximately ¥11.31 billion, compared to a net outflow of ¥990.03 million in Q1 2023[38] - Cash flow from operating activities for Q1 2024 was CNY 3.16 billion, a decrease of 23.8% compared to CNY 4.14 billion in Q1 2023[49] - Cash flow from investing activities showed a net inflow of CNY 6.54 billion in Q1 2024, contrasting with a net outflow of CNY 4.97 billion in Q1 2023[49] - The net cash flow from financing activities in Q1 2024 was -$10.98 billion, a substantial decline from -$0.83 billion in Q1 2023[50] Assets and Liabilities - Total assets at the end of the reporting period were RMB 246,030,184,544.10, a decrease of 5.23% from the previous year[6] - Total assets decreased to RMB 246,030,184,544.10 as of March 31, 2024, down from RMB 259,604,027,406.28 at the end of 2023, a decline of 5.23%[30][32] - Total liabilities decreased to RMB 177,368,703,671.09 as of March 31, 2024, down from RMB 191,708,638,749.90 at the end of 2023, a reduction of 7.47%[32] - Total liabilities decreased from CNY 157.87 billion as of December 31, 2023, to CNY 143.63 billion as of March 31, 2024, representing a reduction of approximately 9%[43] - The company’s total assets decreased from CNY 224.43 billion as of December 31, 2023, to CNY 210.90 billion as of March 31, 2024, a decline of approximately 6%[43] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 175,629[16] - China Everbright Group holds 1,159,456,183 shares, representing 25.15% of total shares[17] - China Everbright Holdings Limited owns 956,017,000 shares, accounting for 20.73% of total shares[17] - Hong Kong Central Clearing (Agent) Limited possesses 703,692,990 shares, which is 15.26% of total shares[17] - The total number of A-share shareholders is 175,470, with a total of 175,629 shareholders overall[23] - The top 10 shareholders do not participate in margin financing or securities lending activities[23] - The total number of shares held by the top 10 unrestricted shareholders is 3,063,000,000 shares[21] - The top 10 unrestricted shareholders include several funds, each holding 22,716,500 shares, representing 0.49% each[21] - The company has no knowledge of any related party relationships among the major shareholders[22] - The total number of shares held by the top 10 shareholders is 3,063,000,000 shares, which is 66.67% of total shares[19] - The company has not reported any changes in the borrowing or lending of shares among the top shareholders during the reporting period[27] Investment Performance - Investment income showed a significant decline of 209.54%, amounting to a loss of RMB 726,736,930.17 due to market fluctuations[13] - The company reported a significant investment loss of RMB 726,736,930.17 in Q1 2024, compared to a profit of RMB 663,448,097.89 in Q1 2023[34] - Investment losses amounted to CNY 765.53 million in Q1 2024, compared to a profit of CNY 561.69 million in Q1 2023, indicating a significant decline[45] Future Outlook - The company plans to focus on expanding its investment banking services and enhancing its asset management capabilities in the upcoming quarters[34]

Financial Performance - The company's operating revenue for Q1 2024 was CNY 2,204,205,085.90, a decrease of 19.85% compared to the same period last year[4] - Net profit attributable to shareholders was CNY 682,436,814.38, down 28.75% year-over-year[4] - Basic earnings per share decreased by 31.58% to CNY 0.13[4] - The company’s net profit for Q1 2024 was ¥840,085,622.61, down from ¥1,215,662,496.40 in Q1 2023, indicating a decline of about 30.8%[22] - Net profit for Q1 2024 was CNY 688.5 million, a decrease from CNY 970.3 million in Q1 2023, representing a decline of approximately 29.1%[23] - Total comprehensive income for Q1 2024 was CNY 766.1 million, down from CNY 1,047.1 million in Q1 2023, reflecting a decrease of about 26.8%[23] - The company reported a net profit of RMB 626,803,323.06 for Q1 2024, down 13.5% from RMB 724,478,331.87 in Q1 2023[30] Cash Flow - The net cash flow from operating activities increased by 91.75% to CNY 4,432,774,445.28[7] - Cash flow from operating activities for Q1 2024 was CNY 4.43 billion, an increase from CNY 2.31 billion in Q1 2023, showing a growth of approximately 92%[24] - The company reported a decrease in cash received from operating activities, totaling CNY 20.46 billion in Q1 2024, down from CNY 21.77 billion in Q1 2023[24] - The company’s net cash flow from operating activities was positively impacted by a significant increase in cash received from investment recoveries, totaling CNY 15.89 billion in Q1 2024, compared to CNY 3.28 billion in Q1 2023[24] - The net cash flow from operating activities was 3,158,963,279.34, a decrease of 23.8% compared to 4,143,884,307.72 from the previous period[32] - The net cash flow from investing activities was 6,542,986,602.32, a significant improvement from a negative cash flow of -4,971,863,222.11 in the previous period[32] - Cash inflow from investment recoveries was 15,887,116,604.20, a significant increase from 3,270,750,353.12 in the previous period[32] Assets and Liabilities - The total assets at the end of the reporting period were CNY 246,030,184,544.10, a decrease of 5.23% from the previous year[5] - Total assets decreased to ¥246,030,184,544.10 from ¥259,604,027,406.28, a decline of approximately 5.2%[21] - Total liabilities decreased to ¥177,368,703,671.09 from ¥191,708,638,749.90, representing a reduction of about 7.5%[21] - The company’s total liabilities to equity ratio improved to 2.62 from 2.83, indicating a stronger equity position relative to liabilities[21] Equity and Shareholder Information - The company’s total equity attributable to shareholders increased by 1.13% to CNY 67,848,638,042.80[5] - The total equity attributable to shareholders increased to ¥67,848,638,042.80 from ¥67,088,608,369.86, an increase of approximately 1.1%[21] - The company has a total of 10 major shareholders, with China Everbright Group holding the largest share of 1.16 billion ordinary shares[12] - The total number of ordinary shareholders was 175,629, with 175,470 being A-share shareholders, showing a stable shareholder base[12] - The number of H-share registered shareholders was 159, indicating a diversified shareholder structure[12] Investment Performance - Investment income showed a significant decline of 209.54%, amounting to a loss of CNY 726,736,930.17 due to market fluctuations[8] - The company reported an investment loss of ¥726,736,930.17 in Q1 2024, compared to a gain of ¥663,448,097.89 in Q1 2023[22] - The company experienced a significant investment loss of RMB 765,534,007.77 in Q1 2024, contrasting with a gain of RMB 561,685,795.54 in Q1 2023[28] Other Financial Metrics - The weighted average return on net assets was 1.01%, down 0.56 percentage points from the end of the previous year[5] - The fair value change income was CNY 1,350,895,895.90, an increase of 338.19%[8] - The fair value gains increased significantly to RMB 1,326,589,189.12 compared to RMB 320,806,703.07 in the previous year[28] - The company’s cash and cash equivalents decreased to ¥35,386,530,108.72 from ¥42,110,634,440.47, a decline of approximately 16%[22] - The ending balance of cash and cash equivalents was 48,376,502,929.43, slightly down from 48,421,880,787.63 in the previous period[32] Accounting Standards - The company did not apply new accounting standards starting in 2024[33]

（股份代號：6178） 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 光大證券股份有限公司 Everbright Securities Company Limited （於中華人民共和國註冊成立的股份有限公司） 於本公告日期，本公司董事會成員包括趙陵先生（董事長、執行董事）、劉秋明先 生（執行董事、總裁）、宋炳方先生（非執行董事）、尹岩武先生（非執行董事）、陳 明堅先生（非執行董事）、謝松先生（非執行董事）、王勇先生（獨立非執行董事）、 浦偉光先生（獨立非執行董事）、任永平先生（獨立非執行董事）、殷俊明先生（獨 立非執行董事）及劉運宏先生（獨立非執行董事）。 董事會會議召開日期 光大證券股份有限公司（「本公司」）董事會（「董事會」）謹此宣佈，本公司將於 2024年4月29日（星期一）舉行董事會會議，以考慮及批准本公司及其附屬公司截 至2024年3月31日止未經審計的第一季度業績及╱或其他議題（如適用）。 承董事會命 光大證券股份有限公司 董事長 趙 ...

Financial Performance - The company's total revenue and other income for 2023 was RMB 14,776.1 million, a decrease of 1.63% compared to RMB 15,021.1 million in 2022[40]. - The pre-tax profit increased by 23.44% to RMB 4,757.3 million in 2023 from RMB 3,853.9 million in 2022[40]. - Net profit attributable to shareholders rose by 33.93% to RMB 4,271.2 million in 2023, compared to RMB 3,189.1 million in 2022[40]. - The net cash generated from operating activities was RMB 26,673.5 million, an increase of 48.93% from RMB 17,910.1 million in the previous year[34]. - The company's total revenue and other income amounted to RMB 14.78 billion, a decrease of 2% year-on-year[104]. - Commission and fee income was RMB 6.46 billion, down 11% from RMB 7.27 billion in 2022, primarily due to changes in brokerage, investment banking, and asset management fees[104]. - Net investment income increased by 129% to RMB 2.52 billion, attributed to the company's absolute return strategy and optimized investment structure[104]. Shareholder Returns - The total number of A-shares and H-shares as of December 31, 2023, is 4,610,787,639, with a proposed cash dividend of 2.803 RMB per 10 shares, totaling 1,292,403,775.21 RMB to be distributed[3]. - The company plans to submit the profit distribution proposal to the shareholders' meeting for approval, highlighting its commitment to shareholder returns[3]. Governance and Compliance - The financial data disclosed in the report is prepared in accordance with International Financial Reporting Standards and audited by Ernst & Young, receiving a standard unqualified audit opinion[3]. - The report indicates that the company has a comprehensive governance structure in place, ensuring the accuracy and completeness of the annual report[4]. - The company has established a comprehensive corporate governance system in compliance with relevant laws and regulations, ensuring independent operations from its controlling shareholder[170]. - The board of directors is responsible for reviewing and monitoring compliance with laws and regulations, as well as the company's governance policies[172]. - The company emphasizes the protection of minority shareholders' rights and ensures fair information disclosure[177]. Risk Management - The company has established a comprehensive risk management system to effectively manage various risks faced during its operations, ensuring sustainable business development[134]. - The company employs a multi-level risk limit system for market risk, including value-at-risk (VaR) and stress testing to assess potential losses under adverse conditions[139]. - The company has developed a liquidity risk emergency plan, detailing response measures and maintaining sufficient high-quality assets to prevent liquidity risks[145]. - Credit risk management includes measures such as establishing credit limits, monitoring issuer performance, and implementing strict collateral standards to mitigate exposure[141]. Business Operations - Everbright Securities has maintained its operational scope, which includes securities brokerage, investment consulting, and financial advisory services related to securities transactions[12]. - The company is actively involved in various financial services, including margin financing and securities investment fund distribution, which are crucial for its revenue generation[12]. - The company has a strong presence in both A-share and H-share markets, listed on the Shanghai Stock Exchange and Hong Kong Stock Exchange respectively[18]. - The company’s asset management scale is a key focus area, although specific figures are not disclosed in the provided content[5]. Future Outlook - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 10% to 12%[191]. - The company plans to enhance wealth management services and product offerings in 2024, focusing on high-quality development and risk management[56]. - The company aims to build a first-class service-oriented investment bank in China, focusing on serving the real economy and enhancing service capabilities[132]. Technological Development - The company is leveraging digital economy opportunities to enhance its technological capabilities and improve operational efficiency[103]. - The company is committed to digital transformation, focusing on "platformization, modularization, and intelligence" as part of its technology development strategy[152]. Employee and Management - The total pre-tax remuneration for the current directors and senior management during the reporting period amounted to CNY 27.44 million[178]. - The company has implemented a deferred payment system for over 40% of senior management's annual performance salary, with a deferral period of no less than three years[8]. - The company has a strong governance structure with multiple experienced executives in key positions[195]. Customer Engagement - The company had a total customer base of 5.86 million by the end of 2023, representing a 9% increase year-on-year[49]. - Customer satisfaction ratings improved to 85%, reflecting a 10% increase from the previous year[191].

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2024年3月31日 狀態: 新提交 致：香港交易及結算所有限公司 FF301 第 1 頁 共 6 頁 v 1.0.2 公司名稱: 光大證券股份有限公司 呈交日期: 2024年4月2日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | A | | 於香港聯交所上市 (註1) | | 否 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 | 601788 | 說明 | | A股(上海證券交易所) | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 3,906,698,839 | RMB | | 1 RMB | | 3,906,698,839 | | 增加 / 減少 (-) | | | 0 | | | RMB | | 0 | | 本月底結存 | | | 3,906,698,839 | RMB | | 1 RMB | | 3,906,698 ...

[Table_MainInfo] 公司研究/金融/券商 证券研究报告 光大证券（601788）公司年报点评 2024年03月31日 [Table_InvestInfo] 投资评级 优于大市 维持 自营表现较好，归母净利润同比+34% 股票数据 [ 投Ta 资ble 要_S 点um ：m 由ar 于y] 自营表现较好，2023 年归母净利润同比+34%。公司 [0T3a月ble29_日St收oc盘k价In（fo元] ） 16.35 轻资本业务夯实基础，重资本业务优化布局，持续提升金融服务实体 52周股价波动（元） 13.95-19.99 经济的能力。合理价值区间 18.26-19.79元/股，维持“优于大市”评 股本结构 [总Ta股b本le（_C百a万p股ita）lI nfo] 级。 4611 流通A股（百万股） 3907 B股/H股（百万股） 0/704  【事件】光大证券发布2023年年报，实现营业收入100.3亿元，同比-6.9%；归母净利润 相关研究 42.7亿元，同比+33.9%；对应EPS 0.93元，ROE 6.9%，同比+1.6pct。公司经纪/投行/ [《Ta预b计le负_R债e转p回or， ...

Financial Performance - The company's operating revenue for 2023 was approximately ¥10.03 billion, a decrease of 6.94% compared to ¥10.78 billion in 2022[38]. - Net profit attributable to shareholders increased by 33.93% to approximately ¥4.27 billion from ¥3.19 billion in the previous year[38]. - The net profit after deducting non-recurring gains and losses decreased by 35.74% to approximately ¥1.87 billion from ¥2.91 billion in 2022[38]. - The total assets at the end of 2023 were approximately ¥259.60 billion, reflecting a slight increase of 0.48% from ¥258.35 billion at the end of 2022[38]. - The total liabilities decreased by 0.96% to approximately ¥191.71 billion from ¥193.57 billion in the previous year[38]. - Basic earnings per share rose by 37.70% to ¥0.84 from ¥0.61 in 2022[39]. - The weighted average return on equity increased by 1.64 percentage points to 6.91% from 5.27% in the previous year[39]. - The core net capital at the end of the reporting period was approximately ¥39.37 billion, down from ¥39.95 billion at the end of the previous year[40]. - The liquidity coverage ratio improved to 232.90% from 216.78% in the previous year[40]. - The total revenue for the reporting period was CNY 10,031,455,479.22, a decrease of 6.94% compared to the previous year[48]. - Net profit reached CNY 4,300,605,063.30, reflecting a significant increase of 32.71% year-over-year[48]. - The company's cash and cash equivalents decreased by 8.68% to CNY 62,280,506,421.64 from CNY 68,203,738,226.76 at the end of the previous year[47]. - The total assets increased slightly by 0.48% to CNY 259,604,027,406.28 compared to CNY 258,354,482,199.15 at the end of the previous year[47]. - The company's investment income rose by 7.06% to CNY 2,197,252,022.39 from CNY 2,052,321,243.37 in the previous year[48]. - The net interest income decreased by 14.00% to CNY 1,799,381,012.16 compared to CNY 2,092,256,613.90 in the previous year[48]. - The company's total liabilities decreased by 0.96% to CNY 191,708,638,749.90 from CNY 193,570,043,664.89[48]. - The company's other comprehensive income after tax improved significantly, reaching CNY 175,707,632.82 compared to a loss of CNY 110,525,437.69 in the previous year[48]. - The company's total revenue from wealth management was CNY 480,917, with a year-over-year decrease of 14% and a gross margin of 45%, down 4 percentage points[94]. - The company reported a significant increase in revenue, achieving a total of 10 billion RMB, representing a year-over-year growth of 15%[151]. Dividend and Capital Structure - The company plans to distribute a cash dividend of 2.803 RMB per 10 shares, totaling 1,292,403,775.21 RMB for all A and H shareholders[5]. - The registered capital of the company remains at 4,610,787,639 RMB, with net capital decreasing to 46,970,165,838.86 RMB from 48,853,130,506.55 RMB year-over-year[14]. - In 2023, the company reported a total registered capital of RMB 4,610,787,639, an increase from RMB 3,906,698,839 after the issuance of H shares[30]. - The company raised a total of RMB 7,968,538,346.52 through a non-public offering of A shares in 2015, increasing the total number of A shares from 3,418,000,000 to 3,906,698,839[28]. - The company’s registered capital increased from RMB 244,500,000 to RMB 289,800,000 after a capital increase in 2007, issuing a total of 45,300,000 shares at RMB 2.75 each[26]. - The company’s total registered capital was increased to RMB 26,000,000,000 following a capital increase in 2002, with RMB 984,660,000 from capital reserves and undistributed profits[24]. - The company’s shareholding structure changed in 2002, with China Everbright Group Co., Ltd. holding 51% and China Everbright Holdings Co., Ltd. holding 49% after a series of equity transfers[23]. Risk Management - The company has outlined potential risks in its future development, which are detailed in the management discussion section[7]. - The company emphasizes a comprehensive risk management system to address various risks, including market risk, through proactive management and quantitative measures[125]. - Credit risk management includes measures such as margin settlement for securities trading and strict monitoring of bond issuers' credit ratings[127]. - The company has implemented a comprehensive liquidity risk management framework, ensuring overall liquidity risk remains controllable[130]. - A liquidity risk emergency plan has been established, detailing response measures and maintaining sufficient high-quality assets[130]. - The company has focused on enhancing information technology risk management, utilizing big data and AI to improve operational management[131]. - A reputation risk management system has been established, including training and monitoring to enhance employee awareness[132]. - Compliance risk management has been strengthened through a structured framework and ongoing monitoring of employee conduct[134]. - The company has developed a differentiated liquidity risk management framework for subsidiaries, adapting to various business liquidity characteristics[130]. - The company has maintained good relationships with external financing institutions to ensure stable funding sources[130]. Corporate Governance - The company has confirmed that all board members attended the board meeting, ensuring accountability for the annual report's accuracy[4]. - The company held 3 shareholder meetings, 13 board meetings, and 6 supervisory meetings during the reporting period, ensuring robust corporate governance[138]. - The company has established specialized committees under the board, including the Audit and Related Party Transactions Control Committee[166]. - The company held 10 audit and related party transaction control committee meetings in 2023, focusing on the review of the 2022 annual financial report and internal control evaluation report[167]. - The company reviewed the 2023 semi-annual financial report and internal audit work report on August 23, 2023[168]. - The company conducted a risk management committee meeting on March 30, 2023, to review the 2022 compliance work report and risk assessment report[169]. - The company has established a comprehensive internal control system covering all departments, branches, and subsidiaries, enhancing internal control effectiveness and compliance[191]. - The company has implemented a legal and regulatory database to enhance compliance awareness among employees[135]. - The company revised several governance documents in 2023 to align with legal requirements and improve operational transparency[138]. - The company is committed to adhering to the governance standards set forth in the Securities Company Governance Guidelines[157]. Employee and Executive Management - The total number of employees in the parent company is 6,149, and in major subsidiaries, it is 1,915, resulting in a total of 8,064 employees[177]. - The company has 5,198 brokerage personnel, 616 investment banking personnel, and 146 research personnel among its total workforce[178]. - The total pre-tax compensation for executives during the reporting period amounted to 27.44 million CNY[145]. - The company reported a total of 2,744.61 million CNY in executive compensation across all senior management[145]. - The company’s executive team includes a total of 12 members, with a diverse range of roles and responsibilities[145]. - The company has implemented a strategy to ensure compliance with independent director regulations following recent resignations[147]. - The average number of outsourced employees in 2023 was 81, with total remuneration costs amounting to ¥1,778.09 million[183]. - The company has 60 employees with a doctoral degree, 2,614 with a master's degree, and 4,451 with a bachelor's degree, indicating a highly educated workforce[179]. - The company has implemented a robust salary management mechanism, linking compensation closely with performance assessment and compliance[180]. - The company plans to implement a new compensation scheme for senior management, with over 40% of performance-based salaries to be deferred for at least three years[157]. Strategic Initiatives and Future Outlook - The company aims to enhance customer service and product offerings in wealth management, focusing on high-quality development in 2024[58]. - The company plans to enhance its institutional trading business in 2024 by deepening cooperation with public funds and insurance asset management[70]. - The company aims to expand its asset custody and outsourcing services in 2024, focusing on improving professional capabilities and customer coverage[70]. - The company plans to leverage digital economy opportunities to enhance its technology operations and improve risk management and operational efficiency[89]. - The company is focusing on expanding its market presence and enhancing its product offerings in the upcoming fiscal year[157]. - The company is expanding its market presence in Southeast Asia, targeting a 20% market share by 2025[150]. - A strategic acquisition of a local competitor was completed, expected to enhance market capabilities and increase revenue by 5%[150]. - The company plans to implement a new digital marketing strategy aimed at increasing customer engagement by 15%[150]. - The company aims to diversify its product line, with plans to introduce two new categories by the end of 2024[150]. - The company is committed to digital transformation, emphasizing a technology development strategy that includes "platformization, componentization, and intelligence"[136].

上 市 公 司 非银金融 公 2024年03月28日 光大证券 (601788) 司 研 究 ——MPS 风险出清，业绩修复进行时 / 公 司 点 报告原因：有业绩公布需要点评 评 事件：光大证券公布2023年报，归母净利润略好于业绩快报。光大证券2023年实现营收100.3 增持 （维持） 亿元/yoy-7%；实现归母净利润 42.7 亿元/yoy+34%，其中 4Q23 单季营收 22.8 亿元 /yoy+23%/qoq+44%，4Q23单季净亏损0.87亿/同比亏损收窄（4Q22单季净亏损2.2亿）； 2023年加权ROE6.91%/yoy+1.64pct。 证 市场数据： 2024年03月27日 ⚫ 收入拆分：投资收益驱动业绩增长，其余业务线均不同程度下滑。根据年报，2023 年光 券 大证券实现主营收（不含大宗商贸、政府补助等）93.0亿元/yoy-2%。分具体业务线看， 收盘价（元） 16.08 研 经纪、投行、资管、净利息、净投资收入/yoy分别为27.7亿/-16%、10.3亿/-20%、10.1 一年内最高/最低（元） 19.99/13.95 究 市净率 1.1 亿/-33%、18.0亿/- ...

证券代码：601788 股票简称：光大证券 公告编号：临 2024-016 H 股代码：6178 H 股简称：光大证券 1 光大证券股份有限公司 变更会计师事务所公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、 误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承 担法律责任。 重要内容提示： 拟聘任的会计师事务所名称：毕马威华振会计师事务所（特殊 普通合伙）、毕马威会计师事务所 原聘任的会计师事务所名称：安永华明会计师事务所（特殊 普通合伙）、安永会计师事务所 变更会计师事务所的简要原因及前任会计师的异议情况： 在执行完2023年度审计工作后，公司原聘任的会计师事务所已连 续多年为公司提供审计服务，为保证公司审计师的独立性和客观 性，结合中华人民共和国财政部《国有金融企业选聘会计师事务 所管理办法》相关规定和公司实际情况，公司拟变更2024年度会 计师事务所。公司已就变更会计师事务所事宜与原聘任的会计师 事务所进行了沟通，原聘任的会计师事务所均对变更事宜无异议。 光大证券股份有限公司（以下简称公司）于2024年3月27日 召开第六届董事会第三十五次会议，审议通过了《关于聘请2024 年 ...