Guosen Securities(SZ:002736)2024-05-16 13:31Company Overview - Guosen Securities was established in 1994 and is one of the earliest brokerage firms in China's securities market [1] - The company has 239 branches across 117 cities, employing over 12,000 staff [1] - It has five wholly-owned subsidiaries and holds a 50% stake in Penghua Fund Management [1][2] Financial Performance - As of the end of 2023, the company achieved total revenue of 17.3 billion yuan, a year-on-year increase of 9% [3] - The total profit reached 6.9 billion yuan, up 10% year-on-year, with a net profit of 6.4 billion yuan, reflecting a 6% increase [3] - The company plans to distribute a cash dividend of 2.70 yuan per 10 shares (pre-tax), with a dividend payout ratio of 40.38%, ranking first among large brokerages [3] Wealth Management Business - The company has enhanced its wealth management capabilities, with client assets under custody exceeding 2.1 trillion yuan by the end of 2023 [2] - The number of users for the Jin Tai Yang mobile securities platform reached nearly 25 million, with approximately 3 million users on WeChat [2] - The wealth management business has seen a significant increase in customer acquisition through online platforms, improving both quantity and quality [4][5] Investment Banking and Financing - The company completed 657 equity projects with a financing scale of approximately 591.1 billion yuan by the end of 2023 [2] - It ranked first in the industry for main board projects (209) and second for IPOs (315), raising 212.8 billion yuan [2] - Debt financing services have reached over 3.71 trillion yuan, covering more than 850 enterprises across 30 provinces [2] Strategic Initiatives - The company is focused on business transformation and upgrading, enhancing its comprehensive financial service capabilities [2] - It emphasizes a customer-centric approach in wealth management, developing a multi-tiered service system [4] - The company is committed to promoting long-term investment concepts and investor education [4]