Financial Performance - In 2023, CITIC Securities achieved an operating revenue of RMB 60.068 billion and a net profit attributable to shareholders of RMB 19.721 billion, with total assets reaching RMB 1.45 trillion[4]. - Total revenue for 2023 was RMB 83,725 million, a decrease of 2.58% compared to RMB 85,941 million in 2022[28]. - Operating profit for 2023 was RMB 25,544 million, down 9.67% from RMB 28,277 million in 2022[28]. - Net profit attributable to shareholders for 2023 was RMB 19,721 million, a decline of 7.49% from RMB 21,317 million in 2022[28]. - The total assets increased by 11.06% to RMB 1,453,359 million in 2023 from RMB 1,308,603 million in 2022[28]. - The total liabilities rose by 12.28% to RMB 1,179,160 million in 2023 compared to RMB 1,050,231 million in 2022[28]. - Basic and diluted earnings per share for 2023 were RMB 1.30, down 8.45% from RMB 1.42 in 2022[29]. - The weighted average return on equity decreased to 7.81% in 2023 from 8.67% in 2022, a drop of 0.86 percentage points[29]. Market Position and Achievements - The company ranked first in the market for underwriting in the Sci-Tech Innovation Board, Growth Enterprise Market, and Beijing Stock Exchange, with a total underwriting scale of RMB 2.2 trillion[4]. - The company completed 140 A-share underwriting projects in 2023, with an underwriting scale of RMB 277.91 billion, holding a market share of 24.50%[43]. - The company ranked first in the A-share market for IPOs with a market share of 14.03%, underwriting 34 projects totaling RMB 50.03 billion[43]. - The company achieved a total of 32 overseas equity projects in 2023, with an underwriting scale of USD 1.782 billion, ranking second among Chinese securities firms in Hong Kong market equity financing[45]. - The company was recognized as one of the "Top 30 Brand Value Listed Companies" in China by Daily Economic News in 2023[25]. - The company received multiple awards in 2023, including the "Best Investment Bank" and "Best Equity Underwriter" from various financial institutions[24]. Wealth Management and Client Services - CITIC Securities provided comprehensive wealth management services, covering asset segments from RMB 10,000 to over RMB 10 million, enhancing investor satisfaction[4]. - The company’s domestic wealth management client base reached 14.2 million, with a total asset custody scale maintaining at RMB 10 trillion, a year-on-year growth of 4%[59]. - The offshore wealth management segment saw a doubling in sales revenue of wealth management products in 2023[59]. - The company aims to enhance its wealth management capabilities and expand its global wealth management product and service system, focusing on meeting the wealth management needs of key institutional clients such as listed companies and government platforms[60]. Investment and Asset Management - The company has invested nearly RMB 10 billion in key sectors such as new materials, new energy, and information technology, addressing critical issues in the industrial chain[4]. - The company's asset management scale reached RMB 1,388.46 billion as of the reporting period, a decrease from RMB 1,693.06 billion in 2022, reflecting a decline of approximately 18%[70]. - The company achieved a market share of 13.71% in private asset management, ranking first in the industry[69]. - The asset management revenue for 2023 was RMB 2,093 million, down from RMB 2,946 million in 2022, indicating a decline of about 29%[70]. Risk Management and Compliance - The company has strengthened its global risk compliance management system, focusing on comprehensive risk prevention and control[6]. - The company has established a comprehensive risk management system led by the Chief Risk Officer, involving all departments and subsidiaries[139]. - The company is enhancing its risk management capabilities by integrating artificial intelligence and big data technologies[139]. - The company has implemented a three-tier risk management system involving the board, management, and internal control departments[140]. Environmental, Social, and Governance (ESG) Initiatives - CITIC Securities' MSCI ESG rating has improved to A for two consecutive years, reflecting its commitment to social responsibility[5]. - The company was awarded the "Best ESG Financial Services Institution" award in 2023[25]. - The company has developed its first ESG-themed product, the CITIC Securities Fixed Income ESG Strategy No. 1 private placement plan, with a scale of approximately RMB 210 million by the end of 2023, investing at least 80% of its net value in ESG-themed securities[166]. - The company has integrated ESG factors into its comprehensive risk management system, enhancing its effectiveness in non-financial risk control[163]. Future Plans and Strategic Goals - In 2024, CITIC Securities aims to enhance its global business layout and service capabilities to support the long-term development of its clients[6]. - The company plans to enhance its research capabilities and optimize domestic business structure, aiming to provide comprehensive services tailored to client needs in 2024[71]. - The company plans to strengthen investment capacity and provide more secure and profitable financial products and services in 2024[38]. - The company aims to enhance its international competitiveness by expanding overseas equity financing, particularly in Hong Kong and Southeast Asia markets[46].
中信证券(06030) - 2023 - 年度财报