国信证券年报业绩两连增，投资与交易业务撑大旗

Group 1 - The core viewpoint of the article highlights that Guosen Securities has achieved continuous positive growth in its financial performance for the second consecutive year, with significant increases in both revenue and net profit in 2024 [1][3] - In 2024, Guosen Securities reported operating revenue of 20.167 billion yuan, a year-on-year increase of 16.46%, and a net profit attributable to shareholders of 8.217 billion yuan, up 27.84% from the previous year [1] - The company’s basic earnings per share reached 0.72 yuan, reflecting a growth of 33.33% compared to the previous year [1] Group 2 - The securities industry, comprising 150 firms, achieved total operating revenue of 451.169 billion yuan and net profit of 167.257 billion yuan in 2024, representing increases of 11.15% and 21.35% respectively [2] - Guosen Securities' investment and trading business was the standout performer, generating operating revenue of 9.002 billion yuan, a substantial increase of 68.86% from the previous year, and accounting for 44.64% of total revenue [2][3] - Wealth management and institutional business also showed growth, with revenue of 8.810 billion yuan, up 17.97%, while asset management revenue surged by 60.55% to 0.852 billion yuan [3] Group 3 - The investment banking segment, however, faced challenges, with revenue declining by 25.92% to 1.051 billion yuan, making it the only business unit to report negative growth [3] - Guosen Securities plans to acquire 96.08% of Wanhua Securities through a share issuance, which is seen as a significant case of consolidation in the brokerage industry, although regulatory approval is still pending [4]