The disclosure of 2021 annual performance express of securities companies is in progress. On the whole, the industry has maintained a rapid performance growth. Statistics show that as of March 20, 24 listed securities companies in the A-share market have released performance express. Except for Huaxi Securities Co.Ltd(002926) , all 23 securities companies achieved year-on-year growth in operating revenue and net profit. In addition, six securities business performance express reports showed that the annual net profit in 2021 exceeded 10 billion yuan.
Among the currently listed brokers that have released their performance letters, 17 companies have seen their net profit attributable to parent parent growing at more than 20 percent, and the top 10 among the 17 companies that have seen their net profit growth at 20 percent, among which 17 of the listed brokers that have released their performance letters. Among the listed brokers that currently released their performance letters at the moment, 17 of the 17 companies that are among the top 10 are China Pacific Insurance (Group) Co.Ltd(601601) 601 Central China Securities Co.Ltd(601375) \ , Guotai Junan Securities Co.Ltd(601211) . Among them, Central China Securities Co.Ltd(601375) net profit increased by 385% year-on-year, and the net profit of four securities companies increased by more than 50% year-on-year.
At the same time, the annual reports of listed securities companies are also being released one after another. On March 17, Sealand Securities Co.Ltd(000750) disclosed the annual report, which showed that the company’s operating revenue and net profit attributable to the parent company in 2021 were 5.170 billion yuan and 765 million yuan respectively, with a year-on-year increase of 15.36% and 5.41% respectively. By the end of 2021, the total assets of the company and the net assets attributable to shareholders of listed companies were 75.868 billion yuan and 18.565 billion yuan respectively, with a year-on-year increase of 4.57% and 0.46% respectively. From the perspective of main business types, the company’s investment management business and retail wealth management contributed revenue of 1.479 billion yuan and 1.234 billion yuan respectively in 2021.
According to the data from China Securities Association, the operating revenue of the whole industry reached 448479 billion yuan in 2021, with a year-on-year increase of 12.03%; The net profit was 191119 billion yuan, a year-on-year increase of 21.32%; By the end of 2021, the total assets of the securities industry were 10.59 trillion yuan and the net assets were 2.57 trillion yuan, an increase of 19.07% and 11.34% respectively over the end of the previous year. In a comprehensive comparison, in Sealand Securities Co.Ltd(000750) 2021, only the income indicators exceeded the overall level of the industry, while the profit and asset indicators lagged behind the overall level of the industry.
On March 18, China stock market news also released its annual report for 2021. The annual report shows that benefiting from the rapid development of securities business, the company achieved an operating revenue of 13.094 billion yuan and a net profit of 8.553 billion yuan last year, with a year-on-year increase of 58.94% and 79% respectively. Among them, the operating income of securities business accounts for more than half of the company’s total operating income, up to 58.70%. In terms of profit distribution, the company plans to distribute a cash dividend of 0.8 yuan (including tax) for every 10 shares to all shareholders and increase 2 shares for every 10 shares to all shareholders with capital reserve. It is worth mentioning that the company also announced on the same day that it plans to increase the capital of its subsidiary China stock market news securities by 16.005 billion yuan. After the capital increase, the registered capital of China stock market news securities will increase from 8.8 billion yuan to 12.1 billion yuan.
Everbright Securities Company Limited(601788) research report said that from a fundamental point of view, benefiting from the stabilization of income structure, the ROE (return on net assets) of securities companies has fluctuated from a historical height and is moving towards a channel of steady rise. East Asia Qianhai Securities Research Report also said that light asset businesses such as securities investment banking, asset management and wealth management are expected to become the main driving force for the future performance of securities companies and drive the overall roe growth due to the impact of policies, demand outbreaks and other factors.
Everbright Securities Company Limited(601788) said that in 2022, the securities industry will have important changes in policy, fundamentals and industry competition pattern, which will bring more stable growth and long-term benefits to the industry. From the perspective of policy, the reform of capital market has entered an accelerated period, and the expansion of equity market and the construction of multi-level capital market are important long-term reform themes. The policy dividend of the capital market has three functions: first, open up the development space of the industry and bring new growth points such as derivatives business and interconnection business to securities companies; Second, the policy is favorable and catalyzes the valuation and repair of the sector; Third, the comprehensive advantages of head securities companies will be more prominent during the reform period. At present, the head securities companies rely on the advantages of capital, resources, cost, brand and talents, and the market share has gradually increased and has a further trend.
