Core Viewpoint - Dongxing Securities has achieved remarkable performance in the A-share market, leading the industry in revenue and profit growth for 2024, driven by its strong futures and investment trading businesses [1][4][5]. Financial Performance - In 2024, Dongxing Securities reported operating revenue of 9.37 billion yuan, a year-on-year increase of 97.89%, and a net profit of 1.544 billion yuan, up 88.39% [1][4]. - The net profit after deducting non-recurring gains and losses was 1.591 billion yuan, reflecting a growth of 67.46% [1][4]. - The company's total assets reached 105.229 billion yuan, a growth of 5.99% compared to the previous year [5]. Business Segments - The futures business generated operating revenue of 5.244 billion yuan, marking a significant increase of 293.48%, and accounted for 55.97% of total revenue [2][8]. - The investment trading business achieved revenue of 1.849 billion yuan, with an increase of 82.58%, representing 19.73% of total revenue [9]. - Wealth management business revenue was 1.655 billion yuan, showing a slight increase of 0.19%, but its proportion of total revenue decreased to 17.67% [9]. Market Context - As of April 6, 2024, 24 listed brokerages in A-shares had released their annual reports, with Dongxing Securities recording the highest revenue growth [2][5]. - The overall securities industry in China saw a revenue increase of 11.15% year-on-year, with net profits rising by 21.35% [4]. Control Changes - The Ministry of Finance is in the process of transferring its stake in China Orient Asset Management to Central Huijin Investment, which will change the actual controller of Dongxing Securities from the Ministry of Finance to Huijin [3][7].
东兴证券2024年营收93亿翻倍提升 期货业务揽收52亿增293%占比近56%