Hua Er Jie Jian Wen·2025-03-28 12:13Core Insights - The company reported a net profit growth of 83.03% year-on-year for the fourth quarter, with revenue increasing by 42.73% [1] - The company served 28 global IPO projects for Chinese enterprises, raising a total of $4.424 billion, ranking first in the market [1][5] - The operating cash flow for the fourth quarter was 17.5 billion yuan, reflecting a year-on-year increase of 13.34% [1] Financial Performance - In Q4, the company achieved revenue of 7.884 billion yuan, a 42.73% increase compared to the previous year [3] - The net profit attributable to shareholders for Q4 was 2.836 billion yuan, up 83.03% year-on-year [3] - For the full year 2024, the company reported total revenue of 21.333 billion yuan, a decrease of 7.21% from 2023 [4] - The net profit attributable to shareholders for 2024 was 5.694 billion yuan, down 7.50% year-on-year [4] Business Development - The investment banking sector maintained a leading position, with 28 global IPO projects and a total financing scale of $4.424 billion [5] - The company completed 6 A-share and 19 Hong Kong stock IPOs, with underwriting amounts of 3.590 billion yuan and $3.835 billion respectively [5] - In the debt financing sector, the domestic bond underwriting scale reached 7,112.24 billion yuan, a slight increase of 0.4%, while the overseas bond underwriting scale surged to $5.266 billion, marking a significant increase of 61.5% [5] - The asset management business saw substantial growth, with total assets under management reaching 552.034 billion yuan, and public fund management scale increasing to 207.33 billion yuan, a 63% year-on-year growth [5]