On March 27, China Merchants Securities Co.Ltd(600999) disclosed the annual report of 2021. The company achieved an operating revenue of 29.429 billion yuan in 2021, with a year-on-year increase of 21.22%; The net profit was 11.645 billion yuan, a year-on-year increase of 22.69%; It is proposed to distribute a cash dividend of 5.4 yuan (including tax) for every 10 shares.
China Merchants Securities Co.Ltd(600999) wealth management and institutional business segment revenue increased by 18.18% on a year-on-year basis, of which: the net income from handling fees of securities trading business increased significantly on a year-on-year basis, mainly due to the year-on-year increase of 24.66% in A-share trading volume in 2021, the market share of the company’s share based trading volume also increased, but the commission rate decreased; The net income from agency sales of financial products reached a record high; Due to the increase in the scale of margin trading, the interest income of margin trading increased significantly.
The revenue of the company’s 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.
During the reporting period, the number of new accounts opened in China Merchants Securities Co.Ltd(600999) year reached a record high, with a year-on-year increase of 81.77%. By the end of 2021, the company had about 14.79 million customers, a year-on-year increase of 29.07%, and the assets of entrusted customers were 4.45 trillion yuan, a year-on-year increase of 16.51%.
China Merchants Securities Co.Ltd(600999) said that during the reporting period, according to the statistics of China Securities Industry Association and China Securities Investment Fund Industry Association, the net income of the company’s agency trading of securities (including seat leasing) ranked third, the net income of selling financial products on a commission basis ranked fifth, the interest income of margin trading ranked sixth, the interest income of stock pledge ranked fifth, the net income of investment banking ranked seventh, the net income of asset management ranked eighth The scale of compliance entrusted funds ranked fifth, the average monthly scale of private equity actively managed assets ranked fourth, and the number of private equity fund trustees ranked first According to wind statistics, the number of public fund trustees of the company ranked first, the amount of main underwriting of shares (excluding the issuance of shares to purchase additional issuance of assets) ranked seventh, and the amount of main underwriting of bonds ranked seventh.
