长城证券: 2024年度股东大会会议文件

Core Viewpoint - The company reported a steady growth in its financial performance for the year 2024, with significant increases in both total profit and net profit compared to the previous year, indicating a positive trend in its operational efficiency and market positioning [1][2][3]. Financial Performance - The total profit for 2024 reached 1,796.32 million yuan, marking a year-on-year increase of 16.56% from 1,541.09 million yuan in 2023 [5][11]. - The net profit attributable to shareholders was 1,579.71 million yuan, reflecting a 9.82% increase from 1,434.87 million yuan in the previous year [5][11]. - The company's total revenue for 2024 was 4,020.17 million yuan, a slight increase of 0.73% from 3,991.22 million yuan in 2023 [5][11]. Asset and Liability Status - As of the end of 2024, total assets amounted to 12,325.58 million yuan, up 6.58% from 11,564.25 million yuan at the end of 2023 [3][4]. - Total liabilities increased to 9,276.62 million yuan, a rise of 7.15% from 8,657.31 million yuan in the previous year [3][4]. - The net assets attributable to shareholders reached 2,999.67 million yuan, up 4.92% from 2,858.95 million yuan [3][4]. Operational Efficiency - The company achieved a basic earnings per share of 0.39 yuan, an increase of 8.33% from 0.36 yuan in 2023 [5][11]. - The return on equity for the year was 5.38%, up from 5.12% in the previous year, indicating improved profitability relative to shareholders' equity [5][11]. Business Segments - The brokerage business generated net income of 120.87 million yuan, accounting for 30.07% of total revenue, while investment banking revenue decreased significantly by 43.01% to 26.36 million yuan [5][6]. - The asset management segment reported a net income of 3.44 million yuan, down 34.19% from the previous year [5][6]. - The company successfully increased its bond underwriting scale by 55.87% year-on-year, while public REITs business achieved a breakthrough, ranking 19th in equity issuance, an improvement of 12 places from the previous year [6][7]. Cost Management - Total operating expenses decreased by 9.17% to 222.01 million yuan from 244.43 million yuan in 2023, attributed to effective cost control measures [5][6]. - The company reported a significant reduction in credit impairment losses, which decreased by 11,063 million yuan compared to the previous year [6][7].