GF SECURITIES(000776) 21世纪经济报道·2025-03-30 09:11Core Viewpoint - The report highlights the strong performance and resilience of GF Securities, driven by its business transformation and upgrade, with significant growth in revenue and net profit for 2024 [1]. Business Performance - GF Securities achieved total operating revenue of 27.199 billion yuan, a year-on-year increase of 16.74%, and a net profit attributable to shareholders of 9.637 billion yuan, up 38.11% year-on-year [1]. - The wealth management business generated operating revenue of 11.740 billion yuan, reflecting a growth of 11.48% year-on-year [2]. - The company’s financial product distribution and traditional brokerage businesses also saw growth, with the scale of distributed financial products exceeding 260 billion yuan, a growth of approximately 22% year-on-year [2]. Investment Banking and Capital Markets - GF Securities completed 86.66 billion yuan in A-share equity financing as the lead underwriter, increasing its market share despite a significant decline in the overall market [6]. - The company also led 665 bond issuances, with an underwriting amount of 296.322 billion yuan, marking a year-on-year growth of 21.22% [7]. - In the overseas market, GF Securities completed 14 Hong Kong IPOs and 1 U.S. IPO, maintaining a strong position in the industry [7]. Asset Management - As of the end of 2024, GF Securities and its subsidiaries managed over 3.5 trillion yuan in public funds, with E Fund ranking first in the industry [8]. - The company is recognized as a leading market maker for various financial products, providing services for over 800 funds and all ETF options on major exchanges [8][9]. Service Capability Enhancement - GF Securities is focused on enhancing its comprehensive financial service capabilities, emphasizing high-quality customer service and efficient online operations [10]. - The company has been actively involved in the Guangdong-Hong Kong-Macao Greater Bay Area financial cooperation and has received pilot qualifications for cross-border wealth management [10]. Innovation and Development - The company has invested in 30 technology innovation enterprises, raising 147 billion yuan for 42 tech companies through equity and debt financing [13]. - GF Securities is expanding its green finance services, issuing 7 green ABS projects and investing 5.993 billion yuan in green bonds [13]. - The company has implemented 43 AI model applications, maintaining a leading position in the industry [14]. Social Responsibility - GF Securities has committed to social responsibility, with a focus on rural revitalization, education, and healthcare, contributing 22.676 million yuan to public welfare in 2024 [14].