Financial Performance - The consolidated operating revenue for 2024 was CNY 43.397 billion, representing a year-on-year growth of 20.08%[12]. - The net profit attributable to the parent company was CNY 13.024 billion, with a year-on-year increase of 38.94%, while the net profit excluding non-recurring gains and losses was CNY 12.440 billion, up 42.70% year-on-year[12]. - The return on equity (ROE) was 8.14%, an increase of 2.12 percentage points compared to the previous year[12]. - Total revenue and other income for 2024 reached RMB 61,757,078, an increase of 18.07% compared to RMB 52,303,831 in 2023[48]. - Operating profit for 2024 was RMB 16,356,424, reflecting a significant growth of 38.99% from RMB 11,768,452 in 2023[48]. - Basic earnings per share for 2024 were RMB 1.39, a 41.84% increase from RMB 0.98 in 2023[50]. - Net profit attributable to equity holders for 2024 was ¥13.02 billion, up 38.4% from ¥9.37 billion in 2023[56]. - The total revenue of Guotai Junan International reached 4.42 billion HKD, a year-on-year increase of 37.4% from 3.22 billion HKD[120]. Asset and Liability Management - As of December 31, 2024, the company's total consolidated assets reached CNY 1,047.745 billion, an increase of 13.22% compared to the previous year[12]. - Total liabilities increased to RMB 870,271,715, representing a 15.72% rise from RMB 752,024,474 in 2023[49]. - The total equity increased to CNY 177.47 billion, representing a growth of 2.36% from the previous year[156]. - The total amount of borrowings and bond financing was CNY 191.225 billion, with short-term financing payables increasing by 145.15% to CNY 47.491 billion[165]. Investment and Capital Raising - The company raised over CNY 560 billion for more than 100 enterprises in Shanghai throughout the year, focusing on strategic investments and long-term value[13]. - The company completed the share swap and merger with Haitong Securities on March 14, 2025, enhancing its capital base[5]. - The company plans to raise CNY 10 billion through the issuance of 626,174,076 A-shares to state-owned enterprises as part of the merger[176]. Risk Management and Compliance - The company has established a dynamic risk control system to manage various operational risks, including market, credit, liquidity, operational, and reputational risks[8]. - The company has maintained a continuous AA-level classification by the China Securities Regulatory Commission for 17 consecutive years, demonstrating strong compliance and risk management[144]. Strategic Initiatives and Future Plans - The company aims to enhance its global asset allocation, trading investment, and value discovery capabilities to better serve the capital market and strengthen its competitiveness on a global scale[18]. - The company is committed to a high-quality development strategy that promotes sustainable growth, with revenue and net profit growth rates significantly exceeding asset scale growth[15]. - The company plans to implement a comprehensive incentive mechanism that balances material and spiritual incentives, focusing on performance and risk cost in assessments[15]. - The company is actively pursuing a share swap merger with Haitong Securities, issuing 5,985,871,332 A-shares and 2,113,932,668 H-shares, with a swap ratio of 0.62 shares for each share of Haitong Securities[176]. Customer Engagement and Service Development - The company emphasizes a customer-centric approach, aiming to break down silos and enhance collaboration to improve service capabilities[20]. - The company has established a service system for retail, institutional, and corporate clients, focusing on wealth management, investment banking, institutional trading, investment management, and international business[132]. Talent Development and Human Resources - The company is enhancing its talent development strategy, particularly for young and international talent, to support its strategic goals[16]. ESG and Sustainability - The MSCI ESG rating was upgraded to the highest level of AAA, reflecting the company's commitment to ESG principles and innovation in financial products and services[14]. - The company achieved a MSCI ESG rating upgrade to AAA, enhancing its green finance service capabilities[63].
国泰君安(02611) - 2024 - 年度业绩