财通证券2024年营业收入同比下降3.55%

Core Insights - The company reported a revenue of 6.286 billion yuan in 2024, a decrease of 3.55% from 2023's 6.517 billion yuan, while net profit attributable to shareholders increased by 3.9% to 2.34 billion yuan [1][2] - In Q1 2025, the company experienced a significant decline in revenue, reporting 1.069 billion yuan, down 24.16% year-on-year, and a net profit of 290 million yuan, down 36.52% year-on-year, attributed to bond market adjustments and changes in self-operated investment strategies [1][2] Business Segment Performance - Wealth management business generated 1.846 billion yuan in revenue in 2024, up 15.22%, driven by effective client development and a 12.7% increase in client numbers [3] - Investment banking revenue fell sharply to 511 million yuan, a decrease of 33.00%, due to a tightening A-share equity financing market, with total equity financing down nearly 73% year-on-year [3] - Asset management revenue was 1.719 billion yuan, a slight increase of 0.36%, with total assets under management exceeding 300 billion yuan [4] - Securities credit business revenue decreased by 11.51% to 527 million yuan, while overseas securities business revenue fell by 12.58% to 52 million yuan [4] - Self-operated business revenue was 588 million yuan, down 24.95% [4] Financial Metrics - Total assets increased to approximately 144.55 billion yuan in 2024 from 133.75 billion yuan in 2023 [2] - The weighted average return on net assets was 6.59% in 2024, slightly down from 6.67% in 2023 [2] - Cash flow from operating activities showed a significant improvement, reaching approximately 13.72 billion yuan compared to a negative cash flow in the previous year [2]