NSC(SH:601990) Xin Lang Zheng Quan·2025-03-26 06:54Core Insights - Nanjing Securities reported a significant increase in new account openings, with a year-on-year growth of 51% in 2024 [1] - The company achieved a total operating revenue of 3.147 billion RMB and a net profit attributable to shareholders of 1.002 billion RMB, representing year-on-year increases of 27.12% and 47.95% respectively [1] Financial Performance - The securities and futures brokerage business generated an operating revenue of 1.655 billion RMB, reflecting a year-on-year growth of 12.71% [1][3] - The net income from agency trading of securities reached 447 million RMB, with a growth of over 30% year-on-year [1] - The gross margin for the securities and futures brokerage business increased by 1.95 percentage points to 29.10% [3] Business Segmentation - The securities investment business reported an operating revenue of 1.628 billion RMB, with a year-on-year growth of 34.46%, but a slight decrease in gross margin by 0.65 percentage points to 92.22% [3] - The wealth management and investment management business generated 106 million RMB in revenue, with a year-on-year growth of 23.24%, but a decrease in gross margin by 1.44 percentage points to 42.21% [3] Regional Performance - In Jiangsu province, the operating revenue was 3.342 billion RMB, with an 18.75% year-on-year growth and an increase in gross margin by 14.54 percentage points to 34.77% [3] - Other regions contributed 3.030 billion RMB in revenue, reflecting a year-on-year growth of 26.70% and an increase in gross margin by 17.66 percentage points to 17.95% [3]