Core Insights - Guosen Securities announced its 2024 annual performance meeting to be held on April 30, 2024 [2] - The company reported a revenue of 20.167 billion yuan for 2024, representing a year-on-year growth of 16.46%, and a net profit attributable to shareholders of 8.217 billion yuan, up 27.84%, outperforming the industry and large brokerages [2] - Investment and trading, along with asset management, emerged as new highlights for Guosen Securities, with both business segments seeing revenue growth exceeding 60% [2] Financial Performance - Guosen Securities achieved a revenue of 20.167 billion yuan and a net profit of 8.217 billion yuan in 2024, both figures surpassing the industry growth rates [2] - The overall securities industry, comprising 150 firms, reported a revenue of 451.169 billion yuan and a net profit of 167.257 billion yuan, reflecting growth rates of 11.15% and 21.35% respectively [2] Business Segments - Wealth management and institutional business generated 8.810 billion yuan in revenue, marking a 17.97% increase [3] - The brokerage business managed client assets exceeding 2.4 trillion yuan, an 11% increase year-on-year, with a market share in the stock and fund market of 2.75%, up approximately 15% [3] - In investment banking, Guosen Securities completed 11.17 main underwriting projects, ranking ninth in the industry, with a total fundraising of 12.605 billion yuan, ranking sixth [3] Strategic Initiatives - The company actively engaged in business innovation, participating in the pilot program for the "Cross-border Wealth Management Connect" in the Guangdong-Hong Kong-Macao Greater Bay Area [3] - Guosen Securities has served 92 IPO companies and 64 refinancing and supporting fundraising companies in the Greater Bay Area, with a total financing scale of approximately 125.6 billion yuan [3]

Group 1 - The core viewpoint of the article highlights that Guosen Securities has achieved continuous positive growth in its financial performance for the second consecutive year, with significant increases in both revenue and net profit in 2024 [1][3] - In 2024, Guosen Securities reported operating revenue of 20.167 billion yuan, a year-on-year increase of 16.46%, and a net profit attributable to shareholders of 8.217 billion yuan, up 27.84% from the previous year [1] - The company’s basic earnings per share reached 0.72 yuan, reflecting a growth of 33.33% compared to the previous year [1] Group 2 - The securities industry, comprising 150 firms, achieved total operating revenue of 451.169 billion yuan and net profit of 167.257 billion yuan in 2024, representing increases of 11.15% and 21.35% respectively [2] - Guosen Securities' investment and trading business was the standout performer, generating operating revenue of 9.002 billion yuan, a substantial increase of 68.86% from the previous year, and accounting for 44.64% of total revenue [2][3] - Wealth management and institutional business also showed growth, with revenue of 8.810 billion yuan, up 17.97%, while asset management revenue surged by 60.55% to 0.852 billion yuan [3] Group 3 - The investment banking segment, however, faced challenges, with revenue declining by 25.92% to 1.051 billion yuan, making it the only business unit to report negative growth [3] - Guosen Securities plans to acquire 96.08% of Wanhua Securities through a share issuance, which is seen as a significant case of consolidation in the brokerage industry, although regulatory approval is still pending [4]

Core Insights - Guosen Securities reported a strong financial performance for 2024, achieving operating revenue of 20.167 billion yuan, a year-on-year increase of 16.46%, and a net profit of 8.217 billion yuan, up 27.84%, outperforming the industry and large brokerages [2][3][4] Business Performance - The investment and trading segment saw remarkable growth, with revenue increasing by 68.86%, contributing 44.64% to total revenue [5][6] - Wealth management and institutional business generated 8.810 billion yuan in revenue, a 17.97% increase, supported by a digital transformation strategy [4][6] - Asset management revenue rose to 0.852 billion yuan, reflecting a 60.55% increase, with total net asset management scale reaching 144.764 billion yuan [6] Market Position - Guosen Securities maintained a strong market position, with brokerage client assets exceeding 2.4 trillion yuan, an 11% increase year-on-year, and a market share in the stock and fund market of 2.75%, up approximately 15% [4][6] - The company completed 11.17 underwriting projects, ranking ninth in the industry, and raised 12.605 billion yuan, ranking sixth [4] Regional Focus - As a major player in the Guangdong-Hong Kong-Macao Greater Bay Area, Guosen Securities has supported 92 IPOs and 64 refinancing projects, with a total financing scale of approximately 125.6 billion yuan [7] - The company is actively involved in cross-border financial services, participating in the "Cross-Border Wealth Management Connect" pilot program [7][8]

投资与交易业务，成为方正证券去年增长最强劲的主营业务板块，收入达到24.96亿元，同比增长 127.88%，利润率达82.9%。 同时，受投资与交易业务金融资产收益增加影响，公司去年投资收益达到32.7亿元，同比大增 187.84%。 财富管理业务也实现同比增长，去年收入56.64亿元，同比增长12.84%。 另据披露，公司去年证券经纪业务收入43.13亿元，代理买卖证券业务净收入31.02亿元，同比增长 42.70%，市场份额3.09%，较2023年进一步增长。 方正证券3月28日晚间披露的年报显示，去年全年，公司营收77.18亿元、净利润22.07亿元，分别同比增 加了8.42%和2.55%。资产规模再攀高，期末资产总额达到2556.28亿元，同比增加14.92%。 经纪业务成为收入增长引擎。公司去年证券经纪业务收入43.13亿元。同时，投资与交易业务强劲增 长，当期收入24.96亿元，同比大增超127%。 自营、经纪拉动收入增长 2024年下半年以来，尤其是A股"924"行情爆发之后，市场情绪回暖、交投活跃，直接带动券商业绩大 幅回暖，特别是经纪、自营业务表现抢眼。 值得关注的还有，去年以来，方正证券在 ...