CITIC Securities Co., Ltd.(600030) 金融界·2025-04-01 10:38Core Insights - The securities industry has reported significant net profit growth for 2024, with several leading firms surpassing 10 billion yuan in net profit [1][2] - CITIC Securities leads the industry with a net profit of 21.704 billion yuan, followed by Huatai Securities, Guotai Junan, and others [1][2] Group 1: Financial Performance - CITIC Securities reported a net profit of 21.704 billion yuan, a year-on-year increase of 10.06% [2] - Huatai Securities achieved a net profit of 15.351 billion yuan, up 20.4% year-on-year [2] - Guotai Junan Securities reported a net profit of 13.024 billion yuan, with a significant year-on-year increase of 38.94% [2] - The total operating income for CITIC Securities was 63.789 billion yuan, reflecting a 6.2% increase [2] - The overall performance of the brokerage business and proprietary investment showed positive trends across the board [3] Group 2: Business Segment Analysis - Brokerage net income for Guotai Junan increased by 15.51%, while proprietary business income surged by 61.84%, marking the highest growth among the leading firms [3] - Asset management business showed mixed results, with CITIC Securities (+6.67%) and others maintaining growth, while Guotai Junan (-4.98%) and Huatai Securities (-2.58%) experienced slight declines [3] - Investment banking revenues saw significant volatility, with CITIC Securities, Huatai Securities, and招商证券 all experiencing declines exceeding 30%, while银河证券 achieved a 10.6% increase [3] Group 3: Executive Compensation - The chairman of CITIC Securities received a pre-tax salary of 2.3033 million yuan, while the chairman of招商证券 earned 2.4728 million yuan, both exceeding 2 million yuan [3] - Huatai Securities exhibited a unique compensation structure where the secretary of the board and the general manager earned more than the chairman [3]