Sou Hu Cai Jing·2025-03-28 02:40Core Viewpoint - CITIC Securities reported a revenue of 63.789 billion yuan for 2024, marking a year-on-year increase of 6.20%, and a net profit attributable to shareholders of 21.704 billion yuan, up 10.06%, achieving a three-year high [1][2] Financial Performance - The total assets of CITIC Securities reached 1,710.711 billion yuan by the end of 2024, reflecting a year-on-year growth of 17.71%, while the net assets attributable to shareholders increased by 9.03% to 293.109 billion yuan [2] - The company plans to distribute a total cash dividend of 7.707 billion yuan, which accounts for 36.88% of the net profit attributable to shareholders, an increase of 0.21 percentage points year-on-year [6] Business Segments - In 2024, CITIC Securities saw positive growth across its brokerage, asset management, and investment businesses, with securities investment business revenue being the largest source at 24.04 billion yuan, up 23.95% year-on-year [5] - The international segment under Hong Kong financial reporting standards achieved a revenue of 2.26 billion USD and a net profit of 530 million USD, representing growth of 41% and 116% respectively, reaching historical highs [5] Strategic Focus - The company aims to balance organic growth with external expansion, solidifying its domestic leadership while enhancing international operations [1][8] - Future international business development will focus on three areas: supporting high-level two-way capital market openness, improving global financial market layout, and enhancing cross-border comprehensive financial service capabilities [5][8] Management and Governance - The compensation for CITIC Securities' executives significantly decreased in 2024, with total compensation dropping by 69.61% to 28.7573 million yuan compared to the previous year [9] - The company reported a slight reduction in employee numbers, with 26,781 employees at the end of 2024, a decrease of 41 from the previous year [10] Sustainability Initiatives - CITIC Securities published its first sustainability report, highlighting its economic, social, and environmental responsibilities, with a social contribution value of 5.37 yuan per share [10] - The company underwrote green bonds totaling 51.7 billion yuan in 2024, contributing to various sustainable finance projects [10]