On March 27, China Merchants Securities Co.Ltd(600999) released its annual report for 2021, which showed that the company achieved a total operating revenue of 29.429 billion yuan in 2021, with a year-on-year increase of 21.22%, and a net profit attributable to shareholders of listed companies of 11.645 billion yuan, with a year-on-year increase of 22.69%.
Specifically, in 2021, China Merchants Securities Co.Ltd(600999) each business segment’s revenue increased year on year. The income of wealth management and institutional business segments increased by 18.18% year-on-year, of which the net income from handling fees of the company’s agency trading of securities increased significantly year-on-year, mainly due to the year-on-year increase of 24.66% in A-share based trading volume in 2021, and the market share of the company’s share based trading volume also increased, but the commission rate still decreased; The company’s net income from agency sales of financial products hit a record high; Due to the growth of margin trading business, the interest income of margin trading also increased significantly. The revenue of investment banking business segment increased by 18.80% year-on-year, including the underwriting revenue of equity and creditor’s rights. The revenue of investment management business segment increased by 13.24% year-on-year, mainly due to the increase of the scale of assets actively managed by the company’s investment promotion and asset management, driving the growth of management fee revenue. The revenue of investment and trading business segment increased by 19.76% year-on-year, mainly due to the growth of investment income of the company’s fixed income and derivative investment business. The revenue of other business segments increased by 34.42% year-on-year, mainly due to the increase in the revenue of commodity business carried out by the subsidiary China Merchants futures.
In terms of dividends, China Merchants Securities Co.Ltd(600999) plans to distribute a cash dividend of 5.40 yuan (including tax) for every 10 shares to all shareholders in 2021, without giving bonus shares or converting capital reserve into share capital. The total profit distribution was 4.696 billion yuan.
