Hongta Securities(SH:601236) Chang Jiang Shang Bao·2025-05-12 23:30Core Viewpoint - The securities industry is experiencing a surge in share buybacks, with companies like Hongta Securities initiating plans to enhance shareholder value and optimize capital structure [1][2]. Group 1: Share Buyback Initiatives - Hongta Securities announced a share buyback plan of 100 million to 200 million yuan to reduce registered capital and improve capital structure [1][2]. - This marks the first share buyback plan for Hongta Securities since its A-share listing in July 2019 [2]. - Other securities firms, including Guotai Junan and Dongfang Securities, have also announced share buyback plans in response to regulatory encouragement [3]. Group 2: Financial Performance - Hongta Securities reported a revenue of 2.022 billion yuan in 2024, a year-on-year increase of 68.36%, and a net profit of 764 million yuan, up 144.66% [1][5]. - The company's investment income reached 1.112 billion yuan, reflecting a growth of 52.54% [6]. - The self-operated investment business generated 1.365 billion yuan in revenue, marking a significant increase of 106.32% [6]. Group 3: Industry Trends - The overall performance of listed securities firms has improved, with 43 A-share listed securities firms achieving a total revenue of 535.7 billion yuan in 2024, a growth of 5.42% [4]. - The net profit for these firms reached 153.5 billion yuan, increasing by 12.19% [4]. - Self-operated business revenue accounted for 43% of total revenue, with a year-on-year growth of 11% [5].