正式冲击港交所！首创证券国际化布局曝光

Core Viewpoint - The article discusses the upcoming IPO of Shouchuang Securities on the Hong Kong Stock Exchange, highlighting its strategic focus on asset management and technology investments, aiming to enhance its core business and international presence [1][2][7]. Fundraising and Business Focus - Shouchuang Securities plans to use the funds raised from the IPO primarily for asset management, investment banking, and IT investments, with a focus on enhancing its core business and financial technology capabilities [2][3]. - The company aims to solidify its asset management business, which is crucial for its development, and diversify its investment banking operations [2][3]. Financial Performance and Growth - From 2022 to 2024, Shouchuang Securities' revenue is projected to grow from 1.588 billion to 2.418 billion, with net profit increasing from 555 million to 985 million [3]. - The average return on total assets is expected to rise from 1.5% in 2022 to 2.2% in 2024, with the weighted average return on net assets increasing from 5.4% to 7.6% during the same period [3]. Asset Management Business Insights - The asset management business plays a significant role in Shouchuang Securities, contributing 37.61% of total revenue in 2024, while investment business accounts for 44.09% [4]. - The company has achieved a compound annual growth rate of 15.8% in asset management scale from 2022 to 2024, contrasting with the industry average decline of 6.7% [4]. Recent Challenges - In the first half of 2025, Shouchuang Securities experienced a decline in asset management revenue, which accounted for 19.74% of total revenue, down 54.06% year-on-year due to market conditions [5]. - Despite the revenue drop, the company continues to see steady growth in asset management scale [5]. Shareholding Changes - On October 15, 2023, Shouchuang Securities announced a transfer of 3.56% of its shares from its controlling shareholder to Beijing Infrastructure Investment Co., which will enhance business support for Shouchuang Securities [6]. Internationalization Strategy - The IPO is part of Shouchuang Securities' strategy to strengthen its capital base and support international business expansion, focusing on global service capabilities and partnerships with overseas financial institutions [7][8].