FCSC(002797) 新浪财经·2025-04-26 04:54Core Viewpoint - First Capital reported strong growth in 2024 with total revenue of 3.532 billion yuan, a year-on-year increase of 41.91%, and a net profit of 904 million yuan, up 173.28% year-on-year. However, the first quarter of 2025 showed a decline in performance, with total revenue of 661 million yuan, down 1.87%, and net profit of 118 million yuan, down 17.59% year-on-year [1][2][3]. 2024 Performance Summary - Total revenue reached 3.532 billion yuan, marking a 41.91% increase year-on-year [2]. - Major business segments showed growth: - Interest net income: 104 million yuan, up 31.75%, accounting for 2.94% of total revenue [2]. - Brokerage business net income: 380 million yuan, up 8.08%, accounting for 10.75% [2]. - Investment banking net income: 278 million yuan, up 46.40%, accounting for 7.87% [2]. - Asset management net income: 921 million yuan, up 1.77%, accounting for 26.07% [2]. - Proprietary trading income: 1.441 billion yuan, up 143.27%, accounting for 40.80% [2]. - Other business income: 191 million yuan, up 67.48%, accounting for 5.41% [2]. - The company’s subsidiary, Chuangjin Hexin, achieved revenue of 975 million yuan, up 6.11%, and net profit of 122 million yuan, up 15.26% [2]. 2025 Q1 Performance Summary - Total revenue for Q1 2025 was 661 million yuan, down 1.87% year-on-year [4]. - Business performance in Q1 2025: - Interest net income: 18 million yuan, up 29.71%, accounting for 2.78% [4]. - Brokerage business net income: 123 million yuan, up 46.88%, accounting for 18.58% [4]. - Investment banking net income: 61 million yuan, down 5.75%, accounting for 9.30% [4]. - Asset management net income: 245 million yuan, up 8.36%, accounting for 37.05% [4]. - Proprietary trading income: 152 million yuan, down 33.69%, accounting for 22.94% [4]. - Other business income: 13 million yuan, down 20.63%, accounting for 2.01% [4]. Business Strategy and Developments - The company focused on self-operated investment and trading, adapting to domestic economic conditions and external environment changes, aiming for high-quality economic development [5]. - Investment banking was the second fastest-growing segment, with net income of 278 million yuan, up 46.40%, and successful IPO projects raising a total of 1.071 billion yuan [5]. - The brokerage and credit business saw significant growth, with interest net income increasing by 31.75% and brokerage net income up 8.08% [5]. - The company added 125,300 new brokerage clients, with a total asset scale increase of 17.098 billion yuan [5]. Asset Management and Fund Management - Asset management net income was 921 million yuan, up 1.77%, with total assets under management of 53.638 billion yuan, down 12.34% [6]. - The subsidiary, Chuangjin Hexin, managed a total of 632.297 billion yuan, down 36.66%, with public fund management increasing by 27.79% [6]. Executive Changes - The company appointed two senior executives: Qing Meipingcuo as Executive Vice President and Chen Xingzhu as Vice President, both bringing extensive experience in the financial industry [9][10].