The disclosure of 2021 annual performance express of securities companies is in progress. According to the data, as of the press release on March 13, a total of 21 listed securities companies in the A-share market issued performance letters, 14 issued performance forecasts, and more than 20 achieved year-on-year growth in operating revenue and net profit. In addition, among the listed securities companies that released their performance in 2021, four securities business performance express reports showed that the annual net profit in 2021 exceeded 10 billion yuan, and the upper limit of one performance forecast net profit exceeded 10 billion yuan.
Recently, China stock market news, Zhongtai Securities Co.Ltd(600918) , Changjiang Securities Company Limited(000783) three securities companies released their performance express for 2021. According to the announcement of China stock market news, it is expected to achieve an operating revenue of 13.094 billion yuan in 2021, with a significant year-on-year increase of 58.94%; The net profit attributable to shareholders of listed companies was 8.553 billion yuan, a year-on-year increase of 79% Zhongtai Securities Co.Ltd(600918) , Changjiang Securities Company Limited(000783) also maintained a rapid performance growth.
According to the data, as of the press release on March 13, 21 A-share listed securities companies have disclosed the performance express in 2021, all of which have achieved positive performance growth; 14 companies issued performance forecasts, of which 13 announced that the lower limit of net profit growth was positive. The brokerage industry as a whole has maintained a rapid growth rate of performance. At present, among the listed securities companies that publish performance letters, the net profit growth rate of 16 shareholders belonging to listed companies exceeds 20%. In the performance forecast of listed securities companies, the lower limit of net profit growth of 11 forecast companies is higher than 30%. It is worth noting that the net profits attributable to shareholders of Listed Companies in 2021 of the four securities companies Citic Securities Company Limited(600030) , Guotai Junan Securities Co.Ltd(601211) , China Merchants Securities Co.Ltd(600999) , China Galaxy Securities Co.Ltd(601881) securities were more than 10 billion yuan, 22.979 billion yuan, 15.013 billion yuan, 11.613 billion yuan and 10.349 billion yuan respectively. In addition, Guosen Securities Co.Ltd(002736) performance forecast said that the upper limit of net profit attributable to shareholders of Listed Companies in 2021 is expected to be 10.5 billion yuan.
Since 2022, the overall performance of A-share securities companies has been sluggish. Data show that as of the closing on March 11, the Shenwan secondary securities industry index has fallen 19.33% this year, ranking 16th among the 125 Shenwan secondary industries. However, on March 11, the brokerage sector showed signs of rebound, Boc International (China) Co.Ltd(601696) , Chinalin Securities Co.Ltd(002945) the daily limit, China International Capital Corporation Limited(601995) , Zhongtai Securities Co.Ltd(600918) , Shanxi Securities Co.Ltd(002500) , etc. rose by more than 5%.
Everbright Securities Company Limited(601788) non banking analyst Wang Yifeng believes that at present, the market has paid significantly more attention to the undervalued securities sector. Northbound capital has allocated some leading securities companies for several weeks. At present, the valuation of the securities sector deviates from the fundamentals, and the valuation is low, which has allocation value. In the long run, Boc International (China) Co.Ltd(601696) said that the comprehensive registration system reform is expected to speed up, which will directly benefit many businesses of securities companies. It is expected that the implementation of the comprehensive registration system will not only bring direct increment to the investment banking business and direct investment follow-up business of securities companies, but also help to improve the richness of asset allocation of wealth management business and residents’ investment activity.
