With the full disclosure of the annual report of the fund in 2021, the sub position income of fund trading concerned by the industry will also be released. As an important source of income for the Research Institute of securities companies, the Commission sub warehouse income of fund companies also reflects the comprehensive strength of securities companies to a certain extent.
According to the data, in terms of the total amount, the public funds continued to explode in 2021. The total stock trading volume of public funds in 2021 was more than 28 trillion, an increase of more than 10 trillion year-on-year. The commission amount of public funds obtained by securities companies also surged to 22.2 billion yuan from 13.9 billion yuan in the same period in 2020, a year-on-year increase of nearly 60%.
In terms of Ranking Ranking, Citic Securities Company Limited(600030) , Changjiang Securities Company Limited(000783) still ranked first and second, and Gf Securities Co.Ltd(000776) surpassed China Securities Co.Ltd(601066) and ranked third. At the same time, the phenomenon of "elephant dancing" of head securities companies is still obvious, and the industry concentration has further increased. According to the data, the top 10 securities companies with sub warehouse Commission revenue have achieved a total Commission revenue of nearly 10 billion yuan, accounting for nearly 45% of the total commissions of all securities companies.
In terms of industry dark horse, deppon securities has become the largest dark horse in the industry this year, with revenue and commission soaring by 9 times and ranking 35 ahead; Open source securities also continued to make efforts, rising more than 3.5 times in 2021, ranking among the top 30 in the industry.
Let's take a look at the details.
CITIC, Changjiang, GF, China Securities Co.Ltd(601066) exceeding 1 billion yuan
top 10 sub warehouse commissions, accounting for 45% market share
The total scale of sub warehouse Commission has grown rapidly, and the sub warehouse commission income of various securities companies, especially the head securities companies, has risen. According to the data, in 2021, the sub warehouse Commission of four securities companies exceeded the threshold of 1 billion yuan.
However, in addition to the absolute advantage of champion Citic Securities Company Limited(600030) sub warehouse Commission, the competition in the top ten is very fierce.
Specifically, Citic Securities Company Limited(600030) , with a sub warehouse Commission of 1.667 billion yuan, an increase of more than 60% year-on-year Changjiang Securities Company Limited(000783) won the second place in a row, and the sub warehouse Commission exceeded the threshold of 1 billion yuan to 1.18 billion yuan for the first time.
Gf Securities Co.Ltd(000776) ranked third, one place higher than last year Gf Securities Co.Ltd(000776) 's sub warehouse Commission also reached 1.155 billion yuan, a year-on-year increase of more than 74%, less than 26 million yuan from Changjiang Securities Company Limited(000783) China Securities Co.Ltd(601066) ranked fourth, and the sub warehouse Commission increased by more than 28% year-on-year to 1.026 billion yuan.
In addition, China Merchants Securities Co.Ltd(600999) , Haitong Securities Company Limited(600837) , China Industrial Securities Co.Ltd(601377) and Shenwan Hongyuan Group Co.Ltd(000166) have sub warehouse commissions of more than 800 million yuan, ranking fifth to eighth respectively Zhongtai Securities Co.Ltd(600918) and Guotai Junan Securities Co.Ltd(601211) ranked ninth and tenth with sub warehouse commissions of 777 million yuan and 756 million yuan.
So far, according to the reporter's statistics, the top 10 securities companies in this income have obtained a total of 9.974 billion yuan, accounting for nearly 45% of the market share, and the head agglomeration effect is very obvious; Under the business format of the strong and the strong, the top 50 securities companies with sub warehouse commission income received a total of 21.1 billion yuan of sub warehouse commission income, accounting for more than 95%, that is, the remaining hundreds of seller research institutions (including domestic securities companies, foreign securities companies and other institutions) shared less than 5% of the sub warehouse Commission.
10 securities companies' sub warehouse Commission increased by more than 100%
deppon securities revenue increased 9 times
In this process, which securities companies are the "dark horses" in the industry and develop most rapidly? The reporter combed the samples according to the top 50 securities companies in terms of sub warehouse commission income. In terms of the year-on-year increase of sub warehouse commission income of each securities company, the increase of sub warehouse commission income of 10 securities companies exceeded 100%.
Among them, deppon securities has become the largest dark horse in the industry this year, with revenue and commission soaring nine times, and the ranking has also advanced from 35th to 45th.
Open source securities also continued to make efforts. After soaring 28 times in 2020, it soared more than 3.5 times in 2021, ranking 29th in the industry. Statistics show that since the end of 2019, the transformation of open source securities seller research has entered its third year, and the goal of "from 0 to 1" of seller research business has been completed. As a seller recognized by the market, a strong research team is the guarantee of excellent achievements. In recent months, Kaiyuan securities has recruited a number of star analysts such as Chen Xi, the chief of fixed income, Wu Liuyan, the chief of overseas research, Qi Dong, the chief of real estate construction, and Zhang Chi, the chief of strategy. According to the reporter, next, there will be a heavy research team to join open source securities.
Compared with the substantial increase in the income of small and medium-sized securities companies due to their small base, the income growth of large securities companies is more difficult. In 2021, China International Finance obtained 695 million yuan of sub warehouse Commission revenue, with a year-on-year increase of 108.61%. The revenue ranking increased from 19th in 2020 to 12th in 2021, an increase of 7.
In addition, Huaan Securities Co.Ltd(600909) sub warehouse Commission also soared 237%, ranking 38th in the industry. In addition, Zheshang Securities Co.Ltd(601878) , Cinda securities, YueKai securities, Hualong securities, Sealand Securities Co.Ltd(000750) , Huafu securities and China International Finance increased by more than 100%.
two brokers' sub warehouse commissions fell
The ranking of sub warehouse Commission of some securities companies increased significantly, and the ranking of sub warehouse Commission of some securities companies decreased. According to statistics, among the top 50 securities companies ranked by sub warehouse Commission in 2021, 21 securities companies ranked higher, 8 securities companies ranked stable, and 21 securities companies ranked lower.
However, only two securities companies saw a year-on-year decrease in sub warehouse commissions in 2020. UBS Securities achieved a sub warehouse commission income of 822734 million yuan in 2021, down 10.83% year-on-year, ranking 40th in the whole industry, down 7 places from 2020; Minsheng securities realized a sub warehouse commission income of 569944 million yuan in 2021, a year-on-year decrease of 4.5%.
