国泰海通｜计算机：数智转型AI渗透，券商金融科技竞赛进行中

Core Insights - The report highlights the increasing investment in information technology by leading domestic securities firms, with the top ten firms investing over 1.5579 billion yuan in 2024, reflecting a slight increase of 1.4% compared to 2023 [1][2] - The report emphasizes the importance of technology investment in enhancing customer experience, driving business growth, improving operational efficiency, and reducing risk costs, particularly in light of the ongoing AI revolution in the financial sector [3] Group 1: Investment Trends - In 2024, the top ten securities firms for information technology investment are all major players, with Huatai Securities and Guotai Junan exceeding 2 billion yuan in spending [1] - Among the top ten firms, seven reported an increase in their technology investment, while three experienced a decline [1] - The firms with the highest growth rates in technology investment include First Capital Securities, Caida Securities, and Everbright Securities, all exceeding 20% growth [1] Group 2: Profitability and Revenue Ratios - The top ten securities firms' technology investment amounts account for over 10% of their net profits, with the highest ratios seen in Guotou Securities, CICC, and Huatai Securities [2] - Most firms in the top ten have technology investment ratios exceeding 7% of their operating revenue, with only Galaxy Securities and Shenwan Hongyuan falling below this threshold [2] Group 3: Workforce and Technology Personnel - The report notes that seven of the top ten firms disclosed their number of technology personnel, with four firms having technology staff constituting over 7% of their total workforce [3] - The firms with the highest proportions of technology personnel include China Merchants Securities (16.3%), Shenwan Hongyuan (8.6%), CICC (7.4%), and GF Securities (7.1%) [3]