TF Securities(SH:601162) Shang Hai Zheng Quan Bao·2025-04-30 11:58Core Viewpoint - The company reported a net profit of -29.71 million yuan for the year 2024, with a negative retained earnings of -544.60 million yuan, leading to a decision not to distribute profits for the year [4]. Group 1: Company Overview - The company engages in various financial services including securities brokerage, investment banking, proprietary trading, research, asset management, private fund management, alternative investments, and overseas operations [5][8]. - The securities brokerage business involves accepting client orders for buying and selling securities, providing margin financing, and other related services [5]. - The investment banking segment offers services such as stock underwriting, bond issuance, asset restructuring, mergers and acquisitions, and financial advisory [5]. Group 2: Financial Performance - As of the end of the reporting period, the company's total assets amounted to 97.90 billion yuan, a decrease of 1.66% year-on-year [10]. - The equity attributable to shareholders was 23.42 billion yuan, down 0.95% compared to the previous year [10]. - The company's operating revenue for the period was 2.70 billion yuan, reflecting a year-on-year decline of 21.21% [10]. Group 3: Board Decisions - The board of directors approved the annual report and various other reports, including the independent director's performance report and the internal control audit report [11][16][30]. - The board also approved the proposal for no profit distribution for the year 2024 due to negative retained earnings [30].