On March 20, Guotai Junan Securities Co.Ltd(601211) released the annual report for 2021. The company achieved an annual operating revenue of 42.8 billion yuan, a year-on-year increase of 22%; The net profit attributable to the parent company was 15 billion yuan, a year-on-year increase of 35%; Earnings per share was 1.65 yuan, a year-on-year increase of 38%; ROE11. 05%, up 2.51 percentage points year-on-year.
According to the performance information released by the head securities firm, Guotai Junan Securities Co.Ltd(601211) parent net profit industry ranks second and operating revenue industry ranks third.
On the basis of seizing the opportunities and promoting the coordinated development of the company’s digital capital management model, the group will continue to give full play to the important tasks of accelerating the transformation and upgrading of the company ‘, Basically make up for the shortcomings of business management, and strive to achieve the overall strategic goal of “laying the foundation and making up for the shortcomings” in the first three years.
net profit attributable to parent company second in the industry
According to the performance information released by the head securities companies, at present, the Guotai Junan Securities Co.Ltd(601211) parent net profit industry ranks second, and the operating revenue ranks third in the industry, stably maintaining the head position in the industry. Meanwhile, Guotai Junan Securities Co.Ltd(601211) revenue and net profit growth are higher than the average growth rate of the head securities companies that have disclosed annual reports or performance letters.
In terms of split performance, Guotai Junan Securities Co.Ltd(601211) many businesses have achieved relatively large revenue growth. Among them, the operating income of wealth management business was 13.715 billion yuan, a year-on-year increase of 10.64%; The operating income of investment banking business was 3.616 billion yuan, a year-on-year increase of 11.79%; The operating income of institutional and trading business was 20.258 billion yuan, an increase of 51.15% year-on-year.
In terms of investment banking business, in Guotai Junan Securities Co.Ltd(601211) 2021, the main underwriting amount was 942415 billion yuan, a year-on-year increase of 16.5%, ranking fifth in the industry. Among them, the IPO underwriting amount was 30.283 billion yuan, a year-on-year increase of 39.6%; The market share is 5.05%, ranking sixth in the industry; The bond underwriting amount was 840837 billion yuan, a year-on-year increase of 19.0%, ranking fourth in the industry.
In terms of investment management business, Guotai Junan Securities Co.Ltd(601211) asset management issued 6 new public offering products throughout the year, covering multiple categories such as index enhancement, bond type, hybrid type and fof. At the end of the reporting period, the company’s collective asset management scale was 106810 billion yuan, an increase of 17% over the end of the previous year, the special asset management scale was 110120 billion yuan, an increase of 36% over the end of the previous year, and the public fund management scale was 24.118 billion yuan.
The assets under management of Hua’an fund at the end of the period was 650.4 billion yuan, an increase of 24% over the end of the previous year; Among them, the management scale of non monetary public funds was 382.3 billion yuan, an increase of 38.4% over the end of the previous year.
big wealth management business continues to develop
Guotai Junan Securities Co.Ltd(601211) wealth management business includes retail brokerage and wealth management, futures brokerage business, margin trading and equity pledge. In 2021, Guotai Junan Securities Co.Ltd(601211) the whole big wealth management business performed well, with an annual operating revenue of 13.715 billion yuan, a year-on-year increase of 10.64%.
In terms of retail brokerage and wealth management, Guotai Junan Securities Co.Ltd(601211) disclosed that as of the end of the reporting period, 3411 people of the company had obtained the qualification of investment consultant, an increase of 8.0% over the end of the previous year, ranking the third in the industry; The number of clients served by investment advisory business exceeded 150000, and the asset scale of clients served at the end of the period was about 8.3 billion yuan. During the reporting period, the sales volume of financial products was 683.9 billion yuan, and the average monthly holding volume of financial products was 183.6 billion yuan.
According to the parent company’s statistics of China Securities Association, Guotai Junan Securities Co.Ltd(601211) agent trading securities business net income market share is 5.86%, and continues to rank first in the industry.
Guotai Junan Securities Co.Ltd(601211) said in the annual report that in 2022, the company’s wealth management business will focus on wealthy and high net worth customer groups, strive to improve customer experience, focus on the sales of financial products, continuously improve the identification, acquisition and allocation ability of high-quality products, systematically improve the professional service ability of investment advisory team, accelerate the transformation of digital wealth management, and maintain the leading income of agency trading business, Promote the continuous growth of AUM of retail customers, the income from consignment sales of financial products and the retention scale of investment consulting business.
In terms of futures brokerage business, during the reporting period, the transaction amount of Guotai Junan Securities Co.Ltd(601211) futures increased by 42% year-on-year, with a market share of 5.07% and a year-on-year increase of 0.33 percentage points. Among them, the market share of financial futures turnover was 9.74%, up 2.26 percentage points year-on-year, ranking first in the industry; At the end of the period, the scale of customer equity was 78.6 billion yuan, an increase of 48.9% over the end of the previous year, ranking the second in the industry.
margin trading business, as of the end of the reporting period, Guotai Junan Securities Co.Ltd(601211) margin trading balance was 104040 billion yuan, an increase of 17.6% over the end of the previous year, with a market share of 5.68%, maintaining the guarantee ratio of 311%; The balance of margin trading and securities lending of institutional customers was 30.061 billion yuan, an increase of 21.9% over the end of the previous year
It is noteworthy that the scale of Guotai Junan Securities Co.Ltd(601211) equity pledge business continues to shrink. As of the end of the reporting period, the company’s stock pledge financing balance was 26.886 billion yuan, a decrease of 8.0% over the end of the previous year, and the average performance guarantee ratio was 318%.
investment business generates more than 10 billion
Guotai Junan Securities Co.Ltd(601211) ‘s investment business will remain strong in 2021. Taking trading investment as an example, the annual report shows that as of the end of the reporting period, the company’s trading financial assets reached 284385 billion yuan, a year-on-year increase of 24%, mainly due to the growth of the investment scale of private equity funds and special accounts, perpetual bonds and stock equity.
“The trading and investment business of the Group continues to focus on building an ‘excellent financial asset dealer’, adhere to the development of low-risk and non directional business, steadily improve the trading pricing ability and customer service ability, actively transform to customer demand business, and maintain rapid growth in business scale.” Guotai Junan Securities Co.Ltd(601211) said in the annual report.
In terms of equity business, Guotai Junan Securities Co.Ltd(601211) said that the equity investment of the company adheres to the parallel of relative return strategy and absolute return strategy, and the investment style remains stable; The on-site option market making business continues to maintain the industry leadership, and the varieties and scale of ETF market making have increased significantly; Equity over-the-counter derivatives business has actively consolidated its foundation, optimized its business model, enriched its structured product line, and improved its cross-border service capacity for customer needs. Its business scale and profitability have been significantly improved, and the trading scale of over-the-counter derivatives ranks first in the industry in the fixed growth field.
At the end of the reporting period, the principal balance of the company’s equity OTC derivatives was 152867 billion yuan, an increase of 97.8% over the end of the previous year. Among them, the balance of over-the-counter options was 57.075 billion yuan and the balance of income swaps was 95.792 billion yuan; Cross border equity OTC derivatives added a total of 148791 billion yuan of nominal principal in the whole year, an increase of 338.8% year-on-year. The nominal principal balance at the end of the period was 55.082 billion yuan, an increase of 570.3% over the end of the previous year.
In terms of fixed income business, in 2021, Guotai Junan Securities Co.Ltd(601211) bondcom ranked second among securities companies in terms of market share; The cumulative transaction nominal capital of interbank standard interest rate options is about 21.7 billion yuan; The cumulative transaction nominal principal of interest rate swaps was 1.97 trillion yuan, with a year-on-year increase of 8.2%, both ranking in the forefront of the market Guotai Junan Securities Co.Ltd(601211) income voucher business focused on building linked asset indexes, REITs, LPR and other target products, and the cumulative transaction nominal principal of income swap increased by more than 100% year-on-year.
In terms of commodity business, during the reporting period, the cumulative increase in nominal principal of Guotai Junan Securities Co.Ltd(601211) linked OTC options related to the subject matter was 152270 billion yuan.
Guotai Junan Securities Co.Ltd(601211) carbon finance business actively focused on the trading varieties of CCER and pilot market, built the pricing power of carbon emission trading, became an important participant and pricing institution in China’s carbon market, and issued the industry’s first revenue voucher linked to carbon emission quota during the reporting period.
The huge investment has also brought considerable returns to Guotai Junan Securities Co.Ltd(601211) alone. In 2021, the investment income of Guotai Junan Securities Co.Ltd(601211) alone reached 11.619 billion yuan, a year-on-year increase of 32.05%.
