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 ...

2024年第一季度报告 证券代码：601788 证券简称：光大证券 光大证券股份有限公司 2024 年第一季度报告 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 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整，不存 在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务信息 的真实、准确、完整。 第一季度财务报表是否经审计 □是 √否 ...

（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 ...

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/- ...

一、审议通过了《公司 2023 年年度报告及其摘要的议案》。 议案表决情况：同意 11 票，反对 0 票，弃权 0 票。 本议案已经公司董事会审计与关联交易控制委员会审议通过。 本议案尚需提交公司股东大会审议。 证券代码：601788 股票简称：光大证券 公告编号：临 2024-012 H 股代码：6178 H 股简称：光大证券 光大证券股份有限公司 第六届董事会第三十五次会议决议公告 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。 光大证券股份有限公司（以下简称公司）第六届董事会第三十五 次会议通知于 2024 年 3 月 13 日以电子邮件方式发出。会议于 2024 年 3 月 27 日上午 9:30 以现场、视频结合通讯方式召开。本次会议应 到董事 11 人，实到董事 11 人。其中，赵陵先生、刘秋明先生、任永 平先生现场参会；尹岩武先生、王勇先生、浦伟光先生、殷俊明先生、 刘运宏先生以视频方式参会；宋炳方先生、陈明坚先生、谢松先生以 通讯方式表决。赵陵先生主持本次会议，公司监事长和部分监事、高 管列席会议。本次会议符 ...

all blo EVERBRIGHT SECU 光 大 证 券 股 份 有 限 公 司 2023 企业社会责任报告 Corporate Social Responsibility Report HE HIT EBE 1 the Tr 19 ) 666 000 亚游 2023 年度 企业社会责任报告 目录 | 报告编制说明 | | --- | | 报告 范围 | | 编写 依据 . | | 报告 语言 | | 确认及批准… | | 报告遵循原则 | | 称 谓 说 9 | | 前文:走进光证 | | 董事会声明 | | 公 司 概况 | | 年度社会认可 . | | ESG 治理 | | 完善 ESG 治理 架 构 | | 利益相关方管理 … | | 重大性议题分析 . | | 贡献联合国可持续发展目标 . | | 第一章 立足国家战略,彰显金融央企担当 …………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………… 14 | | 1.1 协同聚力助推实体经济,推动经济高质量发展 …………… ...

光大证券股份有限公司 已审财务报表 2023年度 光大证券股份有限公司 目 录 | | 页 次 | | | --- | --- | --- | | 一、审计报告 | _1 – | 13 | | 二、已审财务报表 | | | | 合并资产负债表 | 14 – | 15 | | 合并利润表 | 16 – | 17 | | 合并股东权益变动表 | 18 – | 19 | | 合并现金流量表 | 20 – | 21 | | 公司资产负债表 | – 22 | 23 | | 公司利润表 | 24 – | 25 | | 公司股东权益变动表 | 26 – | 27 | | 公司现金流量表 | 28 – | 29 | | 财务报表附注 | 30 – | 184 | | 补充资料 | | | | 1．当期非经常性损益明细表 | 1 | | | 2．境内外会计准则下会计数据差异 | 1 | | | 3．净资产收益率及每股收益 | 1 – | 2 | 审计报告 安永华明（2024）审字第70015756_B01号 光大证券股份有限公司 光大证券股份有限公司全体股东： 一、审计意见 我们审计了光大证券股份有限公司的财务报表，包括202 ...