首创证券赴港IPO：上半年投资收益大增，3.56%股权被无偿划转

Core Viewpoint - Shouchuang Securities has officially initiated its "A+H" dual listing process, with a market capitalization of 60 billion RMB as of October 17, 2025, and is ranked fifth in revenue growth and tenth in net profit growth among 42 A-share listed securities companies in China from 2022 to 2024 [2][3]. Group 1: Company Overview - Shouchuang Securities, established in 2000, is controlled by the Beijing State-owned Assets Supervision and Administration Commission [2]. - As of October 17, 2025, the company's market capitalization reached 60 billion RMB [2]. - The company ranks first in average total asset return and seventh in net asset return among A-share listed securities companies for 2024 [2]. Group 2: Financial Performance - For the fiscal years 2022, 2023, 2024, and the first half of 2025, Shouchuang Securities reported operating revenues of 2.519 billion, 2.970 billion, 3.588 billion, and 1.845 billion RMB, respectively [3]. - The corresponding net profits for the same periods were 554.936 million, 701.099 million, 985.147 million, and 490.182 million RMB [3]. - Investment income and gains for the first half of 2025 increased by 50.8% year-on-year, amounting to 873 million RMB [4]. Group 3: Shareholding Structure - Prior to the listing, Shouchuang Group, a subsidiary of the Beijing State-owned Assets Supervision and Administration Commission, held 56.77% of Shouchuang Securities, making it the controlling shareholder [7]. - Following a recent equity transfer, Shouchuang Group's stake was reduced to 53.20%, while Beijing Infrastructure Investment Co., the second-largest shareholder, increased its stake to 20.87% [8].