Peng Pai Xin Wen·2025-03-26 15:03Core Viewpoint - Guolian Minsheng reported a significant decline in both revenue and net profit for the year 2024, with net profit dropping by 40.8% and revenue decreasing by 9.21% compared to the previous year [3][4]. Financial Performance - The net profit attributable to the parent company was 397 million yuan, down 40.8% year-on-year [3]. - Total operating revenue for the year was 2.683 billion yuan, a decrease of 9.21% [3]. - Basic earnings per share fell to 0.14 yuan, down 41.67% year-on-year [3]. - The company proposed a cash dividend of 0.56 yuan per 10 shares, totaling 318 million yuan [3]. Business Segments - The main business segments include brokerage and wealth management, investment banking, asset management and investment, credit trading, and securities investment [3]. - The asset management and investment segment saw a revenue increase of 51.36%, reaching 707 million yuan [4]. - The brokerage and wealth management segment generated 982 million yuan in revenue, up 31.21% year-on-year [3]. - Securities investment revenue plummeted by 67.78%, amounting to 217 million yuan [5]. Investment Banking - Investment banking revenue decreased by 34.18% to 340 million yuan [4]. - The company completed 6 equity financing projects with a total underwriting amount of 2.65 billion yuan, including only 1 IPO project [4]. - The total underwriting amount for domestic bond issuance was 40.268 billion yuan, down from 51.581 billion yuan in 2023 [4]. Fund Management - Guolian Minsheng holds a 75.5% stake in Guolian Fund, which had a total asset management scale of 196.196 billion yuan, a growth of 31.88% year-on-year [5]. - Guolian Fund achieved a revenue of 432 million yuan and a net profit of 61.63 million yuan in 2024 [5]. Executive Compensation - The total compensation for the board of directors and senior management was 14.6429 million yuan, a decrease of 15.18% from 17.2625 million yuan in 2023 [5]. - The chairman's salary was halved from 2.88 million yuan in 2023 to 1.4348 million yuan in 2024 [5]. - The highest-paid executive, Vice President Xu Chun, received a salary of 3.51 million yuan, 2.4 times that of the chairman [6].