Guosen Securities(SZ:002736) Zheng Quan Zhi Xing·2025-06-11 14:18Core Viewpoint - The credit rating agency maintains the long-term credit rating of Guosen Securities Co., Ltd. at AAA, with a stable outlook, indicating strong market position and financial health [1][3][4]. Company Overview - Guosen Securities, established in 1994, is a large comprehensive listed securities company in China, with a registered capital of 9.612 billion yuan as of March 2025 [11][12]. - The company is controlled by Shenzhen Investment Holdings Co., Ltd., which holds a 33.53% stake [11]. Financial Performance - In Q1 2025, Guosen Securities reported significant growth in operating revenue and net profit compared to the previous year [3]. - For 2024, the company expects revenue and profit to increase year-on-year, with strong profitability and good capital adequacy [3][4]. - As of March 2025, total assets reached 506.21 billion yuan, with owner’s equity at 120.23 billion yuan [6][12]. Risk Management and Business Operations - The company has a robust risk management system and diversified business operations, maintaining a strong competitive advantage in the industry [3][4]. - The financial leverage has decreased, and liquidity remains at a healthy level, positioning the company in the mid-range of the industry [3][4]. Market Environment - The macroeconomic environment is supportive, with policies aimed at stabilizing the economy and financial markets, which is beneficial for the securities industry [13]. - The company’s operations are closely tied to the performance of the securities market, making it susceptible to economic cycles and regulatory changes [4][5].