The first brother of the securities industry has created the best performance in history.
On March 28, Citic Securities Company Limited(600030) annual report was officially released. The company achieved an operating revenue of 76.524 billion yuan, an increase of 40.71% year-on-year; The net profit was 23.1 billion yuan, a year-on-year increase of 55.01%; The return on net assets was 12.07%, with a year-on-year increase of 3.64 percentage points. "In the surging tide of the times, Citic Securities Company Limited(600030) hit the water in the middle stream, worked hard and continuously promoted high-quality development, and the main business performance in 2021 reached the highest level since the establishment of the company", Citic Securities Company Limited(600030) chairman Zhang Youjun said.
Meanwhile, 60 Hefei Lifeon Pharmaceutical Co.Ltd(003020) 21 accrued impairment losses of other assets totaled 2.605 billion yuan, which had an impact on the net profit of the company exceeding 10% of the audited net profit of the company in 2021. Of the impairment losses accrued, 2.07 billion is goodwill impairment.
Citic Securities Company Limited(600030) plans to distribute 5.40 yuan (including tax) for every 10 shares. It is expected to distribute a total cash dividend of about 8 billion, accounting for 34.88% of the net profit attributable to the shareholders of the parent company in the consolidated statements of last year.
Citic Securities Company Limited(600030) wealth management transformation has achieved remarkable results, and the scale of customers has improved by leaps and bounds compared with that before the transformation at the end of 2018. By the end of the reporting period, the number of customers had exceeded 12 million, and the asset scale of managed customers totaled 11 trillion yuan, an increase of 29%. The number of high net worth customers with assets of more than 6 million yuan was 35000, and the asset scale was 1.5 trillion yuan, which doubled compared with the end of 2018.
In addition, the number of Citic Securities Company Limited(600030) employees increased significantly last year, of which the number of on-the-job employees increased from 19012 to 23696, an increase of 4684.
equity financing obtains multiple single first
Last year, in terms of domestic equity financing, Citic Securities Company Limited(600030) completed 194 A-share lead underwriting projects, with a lead underwriting amount of 331917 billion yuan (cash and assets), a year-on-year increase of 5.84% and a market share of 18.26%, ranking first in the market. With the advancement of the reform of the registration system, the company continued to increase the coverage of IPO customers such as the science and innovation board and the gem, completed 68 IPO projects, issued a total of 85.922 billion yuan, and ranked first in the market with a market share of 15.83%.
The company completed 126 refinancing lead underwriting projects, with a lead underwriting amount of 245995 billion yuan and a market share of 19.29%, ranking first in the market. With the significant improvement of supply and demand in the cash private placement market, the company focused on the cash private placement business and completed 86 cash private placement projects, with a total underwriting amount of 147581 billion yuan and a market share of 20.43%, ranking first in the market. At the same time, the company actively expanded business opportunities such as convertible bonds, fixed increase of assets and allotment of shares, continuously strengthened the whole process quality management and risk control of equity financing projects, and consolidated and improved its comprehensive competitive advantage.
The scope of domestic and overseas customers will be further expanded in 20230 and the scope of domestic and overseas projects will be further expanded; Strengthen the research on emerging industries, important customers and innovative products, actively optimize the business structure according to market development and customer needs, obtain key transactions of important customers, and further enhance the influence of the global market; Continuously follow up the changes of overseas A-share registration and IPO policies of Shanghai Stock Exchange and Shanghai Shenzhen Stock Exchange; Strengthen the ability of equity underwriting business, strict project quality management, give play to the advantages of the company's platform and provide customers with comprehensive investment banking services.
continue to increase the market share of debt financing
In 2021, the company's debt financing business continued to maintain its leading position in the industry, with a total underwriting amount of 1564054 billion yuan, a year-on-year increase of 20.02%. The underwriting amount accounts for 13.74% of the total underwriting amount of securities companies, ranking first in the industry; Accounting for 5.84% of the total underwriting amount of the whole market, including commercial banks and other underwriting institutions, ranking third in the whole market, underwriting 3318 bonds, ranking first in the industry.
In 2022, opportunities and challenges coexist in debt financing business. The bond market will continue to promote reform, opening up and innovation, which will further bring business opportunities; The further exposure of enterprise default risk and the compaction of intermediary liability also put forward higher requirements and challenges for bond underwriting business.
Citic Securities Company Limited(600030) will actively grasp market opportunities, integrate resources, continue to expand the customer market, improve the company's market share, strengthen due diligence, risk management and quality control, and reduce project risks.
In terms of business strategy, consolidate the company's leading advantages in the field of debt financing, continue to increase investment in non-financial corporate bonds, and provide customers with comprehensive services and package financing solutions; Increase efforts to explore debt financing opportunities for local enterprises and regional customers to form regional advantages and competitiveness; Continue to strengthen the investment in infrastructure public offering REITs business, increase the market influence, and improve the leading advantage in this business field; Fully implement the company's domestic and foreign integration strategy, strengthen the coordination between domestic and foreign customers and business, vigorously expand the Chinese dollar bond market, and improve the underwriting capacity and market share of the company's overseas bond business.
high net worth customers' asset scale grows rapidly
2021, Citic Securities Company Limited(600030) continued to deepen the transformation of wealth management and achieved high-quality development of brokerage business
The company has built a standardized, platformized and refined customer management system, promoted the transformation from traditional marketing mode to new content marketing mode and digital intelligent marketing mode, helped to improve the efficiency of customer development and service, and realized the improvement of customer service experience. Improve the multi-level, personalized and asset wide product and service system, strengthen the core wealth allocation ability and investment consulting ability, highlight the risk control advantages of wealth allocation under market fluctuations, and continuously improve the ability to help customers achieve wealth management objectives. Launch the overall solution of the entrepreneur office, undertake the advantages of the company's institutional customer service, expand from cash service to stock service, asset service and risk management service, and initially form a comprehensive wealth management service ecosystem for ultra-high net worth customers.
At present, there are more than 50 million entrepreneurs' offices and 3000 customers, with assets of more than trillion; The original brand of Citic Securities Company Limited(600030) brokerage (Hong Kong) was renamed Citic Securities Company Limited(600030) wealth management (Hong Kong), which is committed to establishing a comprehensive wealth management platform to provide global asset allocation and trading services for high net worth customers at home and abroad, so as to better meet the needs of preserving, increasing and passing on customers' wealth.
In 2021, Citic Securities Company Limited(600030) adhered to the transformation of customer-centered wealth management and achieved remarkable results. The scale of customers has improved by leaps and bounds compared with that before the comprehensive transformation of wealth management at the end of 2018.
By the end of the reporting period, the number of customers had exceeded 12 million, and the asset scale of custody customers totaled 11 trillion yuan, an increase of 29% over the end of 2020. The number of asset wealth customers of more than 2 million yuan was 158000, and the asset scale was 1.8 trillion yuan, an increase of 25% and 21% respectively over the end of 2020; The number of high net worth customers with assets of more than 6 million yuan was 35000, and the asset scale was 1.5 trillion yuan, an increase of 29% and 19% respectively over the end of 2020; The number and asset scale of the above wealth customers and high net worth customers doubled compared with the end of 2018.
The holding scale of public and private funds exceeded 380 billion yuan, an increase of 26% over the end of 2020 and 2.6 times over the end of 2018. Since the launch of the investment consulting business of public funds on November 1, 2021, there have been more than 90000 signed customers and more than 7 billion yuan of signed customer assets in two months.
Wealth management has become a Citic Securities Company Limited(600030) more important source of income. In 2021, the proportion of the company's wealth management revenue in the income of the wealth management sector has increased to 30%, while the traditional channel income such as the income from agency trading of securities business still maintained the growth of the market share. The income sources of wealth management are more diversified, which further enhances the stabilizer role of wealth management in the operation of the company.
In 2022, Citic Securities Company Limited(600030) will rely on the company's comprehensive financial service advantages, take the rapid development of public fund investment consulting business as an opportunity, take the overall solution of the entrepreneur office as the flagship brand, optimize the pilot of the first batch of account management functions, innovate the wealth management service mode, realize the multi-level and comprehensive upgrading of wealth management service ecology, and promote the stable growth of customers and their asset scale.
Citic Securities Company Limited(600030) will continue to enrich the professional team, enhance professional ability, deepen professional empowerment, better serve the company's regional business strategy, promote the linkage development of wealth management and comprehensive finance, and realize professional value. Adhere to the origin of brokerage business, build an institutional brokerage service ecosystem, maintain and expand the leading advantage of brokerage business income, optimize the business income structure, further improve the proportion of wealth management income, and help improve the operation stability of the company.
