On the afternoon of April 1, Gf Securities Co.Ltd(000776) held an online presentation on 2021 annual performance. The year 2021 just passed is the 30th anniversary of Gf Securities Co.Ltd(000776) founding, and the company achieved an operating revenue of 34.25 billion yuan, a year-on-year increase of 17.48%; The net profit attributable to the shareholders of the listed company was 10.854 billion yuan, a year-on-year increase of 8.13%. By the end of 2021, Gf Securities Co.Ltd(000776) total assets have exceeded 500 billion yuan, and the owner’s equity attributable to shareholders of listed companies has exceeded 100 billion yuan.
Lin Chuanhui, chairman, executive director and general manager of Gf Securities Co.Ltd(000776) said that in 2021 Gf Securities Co.Ltd(000776) focused on promoting the transformation of business mode, optimizing business structure, improving development quality and improving comprehensive service capacity, and a number of business indicators remained in the forefront of the industry. Looking forward to the future, Gf Securities Co.Ltd(000776) will firmly focus on the main responsibility and main business, build a “research + n” business model, optimize and strengthen the core business, intensively cultivate the advantageous business, continuously improve the reform ability, strengthen the comprehensive risk management ability, and ensure the stable and long-term development of the company.
firmly promote the transformation of wealth management
The transformation of wealth management is the general trend of the development of securities industry. For Gf Securities Co.Ltd(000776) , in 2021, the turnover of the company’s stock fund was 21.31 trillion yuan (bilateral Statistics), an increase of 22.92% year-on-year; The holding scale of financial products sold by the company on a commission basis increased by 17.32% over the previous year; The holding scale of non money market public funds sold on a commission basis ranks third among securities companies (data source: China Fund Industry Association). The number of Mobile Securities users of the company exceeded 37.4 million, an increase of about 16% over the end of the previous year.
Overseas, GF brokerage (Hong Kong), which provided brokerage services to high net worth people and retail customers in 2021, achieved remarkable results in the transformation of brokerage business to wealth management, the number of high net worth customers continued to grow, and the equivalent ratio of operating revenue, number of accounts opened, product sales and number of customers covered by products increased significantly.
According to Xu Youjun, deputy general manager, compliance director and Secretary of the board of directors of Gf Securities Co.Ltd(000776) company, Gf Securities Co.Ltd(000776) provided wealth management services to nearly 15 million customers through 309 branches and business departments and more than 4000 Securities Investment Consultants across the country. In 2021, the net income from selling financial products ranked third in the industry, “The company firmly promotes the transformation of wealth management, maintains rapid development in the business of selling financial products on a commission basis, and is currently promoting the application for fund investment advisory business qualification.”.
The gratifying achievements in transformation are inseparable from Gf Securities Co.Ltd(000776) ‘s continuous investment in financial technology. In 2021, Gf Securities Co.Ltd(000776) invested 985 million yuan in information technology. By strengthening science and technology finance and multi-channel construction and operation, the number of new customers and asset scale of Gf Securities Co.Ltd(000776) 2021 have increased significantly.
asset management and other three businesses go hand in hand
After years of development, Gf Securities Co.Ltd(000776) has formed a financial platform of securities group with securities business as the core and cross-border business. Relying on the advantages of financial collectivization structure, in 2021 Gf Securities Co.Ltd(000776) will go hand in hand in asset management business, public fund management business and private fund management business.
In terms of asset management business, by the end of 2021, Gf Securities Co.Ltd(000776) wholly-owned subsidiary GF asset management had a net asset management scale of 493244 billion yuan, an increase of 62.26% over the end of 2020. The scale of compliance entrusted funds ranked sixth in the securities industry (data source: China Securities Association). In the fourth quarter of 2021, the average monthly scale of private equity actively managed assets of GF asset management ranked third (data source: China Securities Investment Fund Industry Association).
2021 is the last year of the transition period of the new regulations of asset management. According to Xu Youjun, Guangfa asset management actively promoted the standardized rectification of large collection products in 2021. By the end of 2021, the rectification of large collection products has been completed, the issuance of new products and the expansion of institutional customers have also achieved good results, and the scale of active management has increased steadily.
In terms of public fund business, GF fund, a Gf Securities Co.Ltd(000776) holding subsidiary, and e fund, a joint-stock company, continued to be in the first camp. By the end of 2021, the total scale of public funds managed by e fund was 1706429 billion yuan, an increase of 39.28% over the end of 2020; Excluding money market funds, the total scale is 1228904 billion yuan, ranking first in the industry; The total scale of public funds managed by GF was 1129625 billion yuan, an increase of 47.97% over the end of 2020; Excluding money market funds, the total scale is 691952 billion yuan, ranking third in the industry.
In terms of private equity fund business, by the end of 2021, Gf Securities Co.Ltd(000776) wholly-owned subsidiary Guangfa Xinde had established and managed more than 50 private equity funds, with a total scale of nearly 15 billion yuan. In the overseas market, Gf Securities Co.Ltd(000776) carries out overseas private equity fund business through its subsidiary GF investment (Hong Kong) and its subsidiaries. The completed investments mainly cover high-end manufacturing, TMT, biomedicine and other fields, and some investment projects have been withdrawn or listed through mergers and acquisitions.
focus on main responsibility and main business
ensure steady development
In mid-2021, Gf Securities Co.Ltd(000776) investment banking “restarted”. By the end of last year, the company had 15 equity financing projects under review, including 12 IPO projects, 3 refinancing projects and 12 joint lead underwriters under review; The number of approvals for bond business has been 21.
In 2021, Gf Securities Co.Ltd(000776) completed four lead underwriters of equity financing, with an amount of 1.425 billion yuan; Lead underwriting 40 issues of bonds, with a lead underwriting amount of 30.995 billion yuan. In the field of overseas investment banking business, GF financing (Hong Kong) completed 32 main underwriting (including IPO, refinancing and bond issuance), financial consulting and other projects.
Under the background of promoting the comprehensive registration system, Gf Securities Co.Ltd(000776) investment banking business will develop, which is also a topic of concern for investors at the performance presentation meeting. Xu Youjun said that the company will be based on the fundamental purpose of serving the real economy. First, pay attention to the construction of investment banking team, improve the practice level through multi-channel training, and ensure that professional people do professional things; Second, continue to strengthen professional capacity-building, improve the internal service quality of research through the establishment of industrial research institutes, provide research support and forge professional service capabilities such as pricing and sales based on in-depth industrial research; Third, establish a quality control system with pre risk to ensure the quality of investment banking projects.
With regard to the company’s development plan this year, Lin Chuanhui said that in 2022, Gf Securities Co.Ltd(000776) will practice the concept of high-quality development, adhere to the guidance of corporate culture, continuously improve the comprehensive service system and professional ability, promote comprehensive operation and collaborative services, further provide high-quality services for customers and better serve the real economy. “The first is to firmly focus on the main responsibility and main business, build a ‘research + n’ business model, optimize and strengthen the core business, and adhere to the path of professional development; the second is to scientifically build the business structure, intensively cultivate the advantageous business, strengthen the development of capital intermediary, wealth management and other businesses, and form a more reasonable, stable and sustainable income structure; the third is to continuously improve the ability to change, promote the financial science and technology strategy, improve the assessment and incentive mechanism, and strengthen the all-round development Risk management ability to ensure the stable and long-term development of the company. “
