HTSC(601688) 南方都市报·2025-03-29 03:27Core Viewpoint - Huatai Securities reported significant growth in key financial metrics for 2024, with operating revenue reaching 41.47 billion yuan, a year-on-year increase of 13.37%, and net profit attributable to shareholders at 15.35 billion yuan, up 20.4% [1][2] Financial Performance - Operating revenue for 2024 was 41.47 billion yuan, compared to 36.58 billion yuan in 2023, reflecting a growth of 13.37% [2] - Net profit attributable to shareholders was 15.35 billion yuan, up from 12.75 billion yuan in the previous year, marking a 20.4% increase [2] - Basic earnings per share were 1.62 yuan, with total cash dividends of 5.24 billion yuan, maintaining a high payout ratio in the industry [1][2] Business Segments - International business revenue reached 14.34 billion yuan, showing a remarkable growth of 80.93%, with a gross margin of 48.44%, the highest among all business segments [4] - Wealth management revenue was 16.94 billion yuan, a 7.75% increase, accounting for 40.85% of total revenue, supported by a "platform + integrated" service model [5] - Investment management and institutional services saw declines of 50.36% and 28.29%, respectively, attributed to market conditions and valuation drops in private equity funds [5] Strategic Initiatives - The company emphasized "internationalization" and "technology empowerment" as key strategic focuses, with significant advancements in international business and technology platforms [3][4] - Huatai Securities has expanded its international presence, ranking third among Chinese brokers in Hong Kong IPO sponsorship and obtaining licenses in various international markets [3] Quarterly Performance - Quarterly revenue for 2024 was 61.05 million yuan, 113.36 million yuan, 139.83 million yuan, and 100.42 million yuan, with net profit attributable to shareholders of 22.91 million yuan, 30.20 million yuan, 72.11 million yuan, and 28.30 million yuan respectively [5]