券商资管去年“成绩单”出炉：5家营收破10亿元

Core Insights - The performance of the securities asset management industry in 2024 shows a significant polarization, with five firms achieving revenues exceeding 1 billion yuan, while some firms reported substantial losses, indicating intense competition and transformation within the industry [1][2][3] Revenue Performance - By the end of 2024, the number of securities asset management firms with revenues exceeding 1 billion yuan increased to five, with total private asset management product scale reaching 5.47 trillion yuan, a 3% increase from the previous year [1] - Huatai Asset Management led the revenue rankings with 1.746 billion yuan, followed by Guotai Junan Asset Management at 1.7 billion yuan, and Caitong Asset Management at 1.653 billion yuan [2] - Dongzheng Asset Management saw a revenue decline of over 30%, dropping to 1.435 billion yuan, while CITIC Securities Asset Management reported 1.288 billion yuan [2] Profitability Trends - Only Huatai Asset Management and Caitong Asset Management reported net profits exceeding 500 million yuan, with figures of 882 million yuan and 520 million yuan respectively [5] - Eight firms experienced a decline in net profits, with Zheshang Asset Management's net profit dropping over 77% to less than 30 million yuan [5] - Guangfa Asset Management reported a significant loss of approximately 530 million yuan, worsening from a loss of less than 200 million yuan in 2023, marking a decline of over 200% [5] Market Dynamics - The asset management industry is undergoing a rapid restructuring, with a pronounced "Matthew Effect" in the public fund sector and increasing competition among peers [6] - The trend towards public, active, and standardized development in the asset management industry necessitates differentiated development paths for securities asset management firms [7]