On March 24, Guolian Securities Co.Ltd(601456) released the 2021 annual report. The report shows that the company’s operating revenue is RMB 2.967 billion and its net profit is RMB 889 million, with a growth rate of more than 50%.
As the first company in the securities industry to take the lead in launching the fund investment advisory business, by the end of 2021, Guolian Securities Co.Ltd(601456) fund investment advisers had signed a total of 150300 contracts and signed assets of RMB 10.263 billion.
In addition, the annual report shows that the company’s employee compensation payable in 2021 was 584 million yuan, with a growth rate of more than 72%, which also exceeded the growth rate of the company’s net profit. Among them, the compensation payable by GE Xiaobo, chairman (Acting) and President of the company in 2021 was 3.76 million yuan.
securities investment business increased by 74.22%
On March 24, Guolian Securities Co.Ltd(601456) announced that by the end of 2021, the group’s operating revenue was RMB 2.967 billion, a year-on-year increase of 58.11%; The net profit attributable to the shareholders of the company was RMB 889 million, with a year-on-year increase of 51.16%. Meanwhile, Guolian Securities Co.Ltd(601456) plans to adopt the cash dividend method, with the share capital on December 31, 2021 as the base, and pay a cash dividend of RMB 1.00 (including tax) for every 10 shares.
In terms of China’s wealth management business, the company achieved a year-on-year increase of RMB 2.48 billion, with a specific growth of RMB 2.48 billion; The income from investment banking business was 556 million yuan, a year-on-year increase of 53.30%; The income from asset management and investment business was 259 million yuan, a year-on-year increase of 165.48%; The revenue from credit trading business was 315 million yuan, a year-on-year increase of 33.77%; The revenue of securities investment business was 819 million yuan, a year-on-year increase of 74.22%, but the gross profit margin corresponding to the above businesses decreased slightly.
As the first company in the securities industry to take the lead in launching the fund investment advisory business, by the end of 2021, Guolian Securities Co.Ltd(601456) fund investment advisers had signed a total of 150300 contracts and signed assets of RMB 10.263 billion.
Guolian Securities Co.Ltd(601456) said that in 2021, the company vigorously strengthened the introduction of customer assets, and the asset scale of high net worth customers and institutional customers increased significantly; Both inside and outside the fund investment advisory business, consolidate the foundation internally, establish the fund investment advisory tob ecological chain externally, and broaden cooperation channels; Strengthen process management, solidly promote product sales, and achieve double growth in product sales and revenue; Continue to introduce high-end and high-quality products, build a high net worth customer product and service system with the company’s own characteristics, and meet the configuration needs of high net worth customers; Continue to improve personnel efficiency, optimize income structure and deepen the transformation of wealth management.
employee salary payable increased by more than 70%
The reporter of the daily economic news looked through the 2020 annual report to check the profitability of the five participating and holding subsidiaries of Guolian Securities Co.Ltd(601456) and found that only Huaying securities was profitable in that year, while four companies such as China Shipping fund, Guolian innovation and Guolian Tongbao were in a state of loss.
However, the newly disclosed annual report of 2021 shows that the investment banking business of securities companies is in a high growth cycle, and Guolian Securities Co.Ltd(601456) Huaying securities, a subsidiary engaged in investment banking business, achieved a net profit of 715762 million yuan and improved its profitability in 2021. In 2021, the net profit of CNOOC fund turned from loss to profit, realizing a performance of 5.4873 million yuan.
The only loss making subsidiary in 2021 is Guolian Securities Co.Ltd(601456) (Hong Kong). According to the annual report, at the end of 2021, Guolian Securities Co.Ltd(601456) (Hong Kong) had total assets of 460.8 million yuan and net assets of 229.3 million yuan; The operating income was 190612 million yuan, the total profit loss was -3.3609 million yuan, and the net profit loss was -3.8943 million yuan, which was narrowed compared with the net profit loss of 109127 million yuan in 2020.
According to statistics, in the first half of 2021, there were three securities companies whose total employee compensation and benefits increased by more than 50%, namely Guolian Securities Co.Ltd(601456) , Orient Securities Company Limited(600958) , Soochow Securities Co.Ltd(601555) . Among them, Guolian Securities Co.Ltd(601456) increased by more than 70%. From the perspective of total employee compensation and benefits, there were only 20 securities companies with less than 1 billion yuan at that time. According to the latest 2021 annual report, by the end of last year, Guolian Securities Co.Ltd(601456) payable employee compensation was 584 million yuan, an increase of more than 200 million yuan, or 72.73%, compared with 338 million yuan at the end of 2020. At the same time, the annual report shows that GE Xiaobo, chairman (Acting) and President of Guolian Securities Co.Ltd(601456) company, paid 3.76 million yuan in 2021, while the annual report in 2020 showed that the salary payable was 2.76 million yuan, an increase of only 1 million yuan, an increase of only 36.23%, only half of the growth rate of total employee salary payable.
In contrast, Guolian Securities Co.Ltd(601456) 2021’s revenue and net profit growth were less than 60%, and the growth rate of employee compensation payable by the company had exceeded the growth rate of the company’s net profit. ” Guolian Securities Co.Ltd(601456) last year, the fixed increase was implemented and the business expanded. The sharp increase in employee compensation payable should be due to the obvious increase in the number of employees.” A non bank analyst at a securities firm said.
According to the data of the annual report, by the end of 2021, Guolian Securities Co.Ltd(601456) parent company had 1819 on-the-job employees and subsidiaries had 450 on-the-job employees. The total number of on-the-job employees was 2269, an increase of more than 20%. By the end of 2020, the total number of employees of Guolian Securities Co.Ltd(601456) parent subsidiary company was less than 2000, only 1887.
