首创证券(601136) - 2024 Q4 - 年度财报

Financial Performance - In 2024, the company achieved operating revenue of 2.418 billion yuan, a year-on-year increase of 25.49%[18] - The net profit attributable to shareholders reached 985 million yuan, reflecting a year-on-year growth of 40.49%[18] - The company's total operating revenue for 2024 reached CNY 241,757.45 million, representing a year-on-year increase of 25.49% compared to CNY 192,657.98 million in 2023[74] - Net profit attributable to shareholders of the parent company for 2024 was CNY 98,488.73 million, a 40.49% increase from CNY 70,103.91 million in 2023[74] - The company's total comprehensive income for 2024 was ¥1,305,949,922.48, a 72.45% increase from ¥757,305,095.25 in 2023[90] - The company's total assets increased by 8.46% to CNY 4,685,578.06 million, an increase from CNY 4,320,145.42 million at the end of 2023[74] - The company's total liabilities increased by 8.99% to CNY 3,361,067.59 million at the end of 2024, up from CNY 3,083,899.75 million in 2023[74] - Basic earnings per share for 2024 were CNY 0.36, reflecting a 38.46% increase from CNY 0.26 in 2023[76] Asset Management - The company's asset management business net asset value reached 143.881 billion yuan, with a year-on-year growth exceeding the industry average[19] - The asset management business generated revenue of 90,921.40 million yuan, accounting for 37.61% of total revenue, with a year-on-year growth of 62.67%[108] - The average monthly scale of private asset management increased to rank 14th in the industry, with a growth rate exceeding 100%[19] - The company managed a total of 14 private investment funds by the end of the reporting period, with a management scale of 829 million yuan, representing a growth of 28.39% compared to the previous period[114] Investment Banking - Investment banking business revenue grew by 65.59% year-on-year, reaching 196 million yuan, with significant achievements in ABS issuance and underwriting[37] - The company achieved a revenue of 195.57 million yuan from investment banking activities, which accounted for 8.09% of total revenue, marking a year-on-year increase of 65.59%[123] - The company completed the underwriting of 105 corporate bonds with a total amount of 24.622 billion yuan, a year-on-year increase of 31.02%, ranking 32nd in the industry, up 2 places from the previous year[126] - The company issued 36 ABS products with a total issuance scale of 19.458 billion yuan, a year-on-year growth of 23.20%, entering the top 15 in the industry[126] Wealth Management - The company’s wealth management client base exceeded 810,000, with monthly active users of the Tomato Wealth APP increasing by 65.33%[21] - Wealth management business revenue reached 405.96 million yuan, accounting for 16.79% of total revenue, with a year-on-year growth of 6.03%[129] Liquidity and Funding - The company maintained a liquidity coverage ratio of 858.22% and a net stable funding ratio of 175.22% by the end of 2024, indicating strong liquidity and funding stability[35] - The company has received credit lines from six major state-owned banks, with a total credit amount nearing 70 billion yuan[35] Corporate Governance and Structure - The company has established a governance structure in compliance with the Company Law and Securities Law, with a total of 18 subsidiaries and 49 securities business departments as of the end of the reporting period[63][67]. - The company has a comprehensive organizational structure that includes various committees such as the Strategic Committee and Risk Control Committee, ensuring effective governance and oversight[63]. - The company has established a comprehensive operational risk management system, adhering to principles of "full process, full staff, collaborative management, prudent response, and preventive foresight"[183] Risk Management - The company has developed a liquidity risk management framework that includes monitoring liquidity coverage ratios and net stable funding ratios, ensuring compliance with regulatory standards[181] - The company employs Value at Risk (VaR) to monitor market risk related to equity securities, with a 1-day holding period and 95% confidence level[178] - The company has established a four-tier risk management organizational structure, ensuring comprehensive risk management responsibilities across all business areas[192] ESG and Social Responsibility - The company has achieved a Wind ESG BBB rating for two consecutive years, reflecting its commitment to ESG governance[37] - The company has invested nearly 8 million yuan in rural revitalization efforts, focusing on long-term support and continuous improvement[37] - The company emphasizes the importance of sustainable development and will continue to enhance its ESG governance system while promoting business innovation and breakthroughs[175]