中信证券2024年自营收入240亿元，高管薪酬降7成，董事长降薪270万

Core Insights - CITIC Securities reported a revenue of 63.79 billion yuan for 2024, a year-on-year increase of 6.20%, with a net profit of 21.70 billion yuan, up 10.06% [3][4] - The company’s investment business saw significant growth, with revenues reaching 24.04 billion yuan, a 23.95% increase year-on-year, while the investment banking segment experienced a decline of 35% [3][4][9] - Executive compensation was significantly reduced, with total remuneration for executives dropping nearly 70%, and the chairman's salary decreased by 2.7 million yuan [5][11][14] Financial Performance - CITIC Securities achieved a total operating income of 63.79 billion yuan, with a gross profit margin of 44.69% [4] - The brokerage business generated 16.56 billion yuan, up 27.54%, while asset management brought in 11.47 billion yuan, a 4.31% increase [4] - The company’s self-operated income reached 24 billion yuan, reflecting a 24% increase, attributed to a successful transformation in its investment strategy [9] Investment Banking and Market Activity - The investment banking sector faced challenges, with a 71.65% decline in A-share financing issuance, marking the lowest level since 2014 [6] - CITIC Securities led the industry in IPO income despite a 70% drop, earning 645 million yuan [6][7] - The company completed 22 IPO projects in the Hong Kong market, a 10-project increase from the previous year, and ranked second in underwriting scale [7][8] International Expansion - CITIC Securities International, a wholly-owned subsidiary, reported a net profit of 530 million USD, a 115% increase year-on-year [8] - The company completed 16 equity financing projects in overseas markets, with an underwriting scale of 864 million USD [7][8] Employee Compensation and Structure - The total compensation for executives was 28.76 million yuan, with the average salary for employees remaining stable at 780,400 yuan [12][14] - The number of employees at CITIC Securities remained relatively unchanged, with a total of 26,781 employees [12]