Core Viewpoint - The first quarter financial reports of listed securities firms show significant performance disparities, with self-operated businesses being a key factor driving profits, particularly for firms like Changjiang Securities, which reported a staggering growth of over 2300% in self-operated income [1][2]. Summary by Category Overall Performance - Among 49 listed securities firms, 9 reported a year-on-year net profit increase of over 100%, while 16 firms saw growth exceeding 50%. Notably, Guotai Junan's net profit reached 12.2 billion yuan, a 391.78% increase year-on-year, although its non-recurring profit was only 3.293 billion yuan due to negative goodwill from mergers [1][2]. Self-Operated Business - The self-operated business has emerged as a critical growth engine, with firms like Northeast Securities, Changjiang Securities, and Huaxi Securities achieving significant profit increases primarily due to this segment. For instance, Changjiang Securities reported a 2328.61% growth in self-operated income [2][5]. - CITIC Securities led the self-operated income rankings with 8.862 billion yuan, a 62.32% increase year-on-year, followed by Guotai Junan at 4.010 billion yuan and CICC at 3.396 billion yuan, which saw an 83.32% increase [4][5]. Asset Management Business - The asset management sector faced challenges, with 7 firms experiencing a "halving" of net income. Despite a slight recovery in total asset management scale to 5.47 trillion yuan, revenue from this segment decreased due to falling management fees [7][8]. - Among 42 comparable firms, only 19 achieved positive growth in asset management revenue, while 23 experienced declines. CITIC Securities topped the list with 2.563 billion yuan in management fees, a year-on-year increase of 8.69% [8].
最牛暴增超2300%!
Zhong Guo Ji Jin Bao·2025-05-03 08:24