Financial Performance - For the fiscal year ending December 31, 2024, the company achieved a total operating revenue of RMB 20.891 billion, with a net profit attributable to shareholders reaching RMB 10.386 billion[16]. - The company achieved a significant increase in annual revenue and profit, with net profit surpassing 10 billion yuan, marking the best performance in nearly three years[24]. - Total revenue for 2024 reached RMB 30,622,282, an increase of 2.00% compared to RMB 30,020,438 in 2023[84]. - Net profit attributable to shareholders for 2024 was RMB 10,385,872, reflecting an 18.51% increase from RMB 8,763,960 in 2023[84]. - Basic earnings per share for 2024 were RMB 1.13, a 20.21% increase from RMB 0.94 in 2023[85]. - The pre-tax profit reached RMB 11.22 billion, representing a year-on-year growth of 20.70%[165]. - The annual profit attributable to shareholders was RMB 10.39 billion, up 18.51% compared to the previous year[165]. Dividend Distribution - The company plans to distribute a cash dividend of RMB 3.77 per 10 shares, amounting to a total profit distribution of approximately RMB 3.279 billion based on the total share count of 8,696,526,806 shares[8][9]. - The company's profit attributable to shareholders for the year was RMB 10.39 billion, with dividends declared amounting to RMB 3.07 billion[195]. Strategic Initiatives - The company has initiated a new five-year strategic plan aimed at sustainable growth and innovation in response to market opportunities[16]. - The company is committed to advancing its new five-year strategic plan, focusing on technology finance, green finance, inclusive finance, pension finance, and digital finance[28]. - The company is actively pursuing digital transformation, particularly in building an "AI securities company" to enhance operational efficiency[20]. - The company is focused on high-quality development and reform, aligning with national economic policies to enhance market confidence and operational efficiency[16]. Risk Management and Compliance - The company is committed to risk management and compliance, addressing potential regulatory changes that may impact its business strategies[12][13]. - The company maintained a strong risk management framework, with no new default losses reported throughout the year[27]. - The company emphasizes the importance of party building and corporate culture in driving its operational strategies and employee behavior[17]. - The company maintains a robust risk management culture, continuously enhancing its risk prediction and response capabilities to ensure long-term stable development[164]. Market Position and Growth - The company aims to solidify its position as a leading investment bank in China, with a clear vision for the future[24]. - The company has successfully navigated market volatility, resulting in continuous improvement in quality and efficiency of operations[16]. - The company has made significant progress in investment banking, with key indicators showing comprehensive service capability improvements[16]. - The company’s wealth management indicators ranked among the top five in the industry, demonstrating strong performance in financial market investments[16]. - The company’s wealth management and institutional business generated RMB 16.349 billion in revenue, accounting for 53.39% of total operating income[98]. Business Qualifications and Expansion - The company has obtained various business qualifications, including stock option trading rights from Shenzhen Stock Exchange in December 2019 and foreign exchange settlement business from the State Administration of Foreign Exchange in August 2019[14]. - The company has expanded its business qualifications significantly since its inception, reflecting a strategic focus on diversifying its financial services[58][65]. - The company is actively pursuing market expansion through new business qualifications and services[45]. - The company has established qualifications for conducting gold spot contract proprietary trading in March 2015, indicating its diversification into precious metals trading[35]. Client Engagement and Digital Transformation - The number of active trading clients reached approximately 19.298 million, an increase of 8.68% year-on-year, with total client assets under custody amounting to RMB 4.27 trillion, up 14.78%[101]. - The company’s digital transformation efforts have led to a notable increase in user engagement, with the 招商证券 APP ranking fifth among securities companies in terms of monthly active users[101]. - The company plans to enhance its wealth management transformation by strengthening product capabilities and improving digital service levels in 2025[112]. Financial Health and Assets - The net capital increased to CNY 87,411,626,102.24, up from CNY 79,370,429,988.47, representing a growth of approximately 10.5%[44]. - Total assets as of the end of 2024 amounted to RMB 721,160,331, a 3.64% increase from RMB 695,852,992 at the end of 2023[84]. - The company's equity attributable to shareholders increased to RMB 130.18 billion, a growth of RMB 8.22 billion or 6.74% from the previous year[195]. - The company's asset-liability ratio, excluding accounts payable to brokerage clients, was 77.13%, a decrease of 1.76 percentage points from the end of 2023[193]. Market Trends and Industry Position - The global M&A market announced 52,700 transactions with a total value of $3.33 trillion, a year-on-year increase of 16.03%[116]. - In China, the M&A market (excluding overseas acquisitions) reported 8,612 transactions valued at RMB 2.14 trillion, a year-on-year increase of 7.03%[116]. - The company ranked 7th in A-share underwriting amount with RMB 91.26 billion from 10 projects, while the IPO underwriting amount ranked 8th, an increase of 4 places year-on-year[118]. - The company’s domestic bond underwriting amount reached RMB 4,265.24 billion, a year-on-year increase of 30.91%[125].
招商证券(06099) - 2024 - 年度业绩