Huan Qiu Wang·2025-04-24 03:03Core Viewpoint - The performance of small and medium-sized securities firms in the A-share market is showing positive growth, with companies like Guosheng Jinkong reporting a successful turnaround in profitability for 2024 [1][3]. Financial Performance - Guosheng Jinkong reported a revenue of 2.007 billion yuan for 2024, representing a year-on-year increase of 7.11% [2]. - The net profit for Guosheng Jinkong reached 167 million yuan, marking a successful return to profitability [1][2]. - The subsidiary Guosheng Securities contributed 95% of the total revenue, with strong performance in proprietary trading and brokerage services [1]. Industry Trends - Over 60% of the 34 listed securities firms that have disclosed their 2024 annual reports reported positive revenue growth, while over 80% showed positive net profit growth [2]. - Major players like CITIC Securities led the industry with a revenue of 63.798 billion yuan and a net profit of 21.704 billion yuan [2]. - Analysts are optimistic about the securities industry's performance, citing a market recovery and increased trading activity as key drivers for growth [3]. Future Outlook - The securities industry is expected to experience a reversal of difficulties in 2024, driven by policy catalysts and market fluctuations, with proprietary trading and brokerage services being the core growth drivers [3]. - Analysts predict that the first quarter of 2024 will see increased trading activity, leading to rapid development in securities investment and wealth management businesses [3]. - The industry is anticipated to maintain growth momentum, supported by high trading volumes and ongoing capital market recovery [3].