Zhongtai Securities(SH:600918) 券商中国·2025-03-29 10:15Core Viewpoint - The 2024 annual report of Zhongtai Securities highlights significant growth in revenue and profit, driven by the integration of Wanji Fund and successful alternative investments, with a notable increase in wealth management and asset management services [2][8]. Performance Overview - In 2024, Zhongtai Securities achieved operating revenue of 10.891 billion yuan and a net profit attributable to shareholders of 937 million yuan, with a profit total of 1.262 billion yuan [2]. - Excluding the impact of Wanji Fund and alternative investments, the profit total increased by over 25% year-on-year [2]. Wealth Management Business - The wealth management segment generated revenue of 3.772 billion yuan, reflecting a year-on-year growth of 14.36% [3]. - The company added 1.0508 million new accounts, a 93% increase compared to the previous year, significantly surpassing the industry average [3]. - By the end of 2024, Zhongtai Securities served 9.5207 million clients and managed assets totaling 1.36 trillion yuan [3]. Asset Management Performance - The asset management business reported revenue of 2.266 billion yuan, with a year-on-year increase of 8.69% [8]. - Wanji Fund's management scale reached nearly 500 billion yuan, growing by approximately 27% year-on-year, with 160 public funds under management [8]. IPO and Underwriting Achievements - In a challenging market, Zhongtai Securities ranked 5th in A-share IPO approvals and 6th in issuance, achieving its best historical ranking [5][6]. - The company maintained a top 10 position in various equity business metrics for four consecutive years, including IPOs and convertible bonds [6]. Bond and Asset Securitization - Zhongtai Securities ranked 15th in the industry for bond issuance, with a total financing scale of 213.784 billion yuan [6]. - The company excelled in specific areas, ranking 7th in the issuance of targeted tools and maintaining a strong market presence in Shandong province [7]. Technological and Financial Innovations - The company is enhancing its research capabilities and has initiated the construction of an ETF ecosystem, aiming to improve client investment experiences [4]. - Zhongtai Securities has also launched new financial products, including family trust services, to cater to high-net-worth clients [3].