At the beginning of the new year, three listed securities companies took the lead in disclosing the pre increase of performance in 2021. The estimated net profit of Citic Securities Company Limited(600030) leading securities companies is no less than 17.645 billion yuan; Zheshang Securities Co.Ltd(601878) the net profit is expected to grow steadily; Central China Securities Co.Ltd(601375) it is expected that the year-on-year increase of net profit can reach 436.9%. It can be seen that in 2021, driven by the continuous improvement of multi-level capital market, the steady progress of basic system reform and active market trading, the performance of listed securities companies continued to maintain a bright growth trend.
Citic Securities Company Limited(600030) last year’s net profit
it is estimated that it will not be less than 17.645 billion yuan
The first performance pre increase announcement of A-share listed securities companies this year comes from Citic Securities Company Limited(600030) . Different from the previous performance forecast of securities business, Citic Securities Company Limited(600030) this annual performance forecast only predicts that the net profit attributable to the shareholders of the parent company and the deducted non net profit attributable to the shareholders of the parent company in 2021 will not be lower than the level of the first three quarters of 2021, and the operation is normal in the fourth quarter.
Citic Securities Company Limited(600030) why make such a performance forecast? This has to mention the allotment of Citic Securities Company Limited(600030) on the line. On November 26, 2021, Citic Securities Company Limited(600030) the share allotment plan to raise no more than 28 billion yuan was approved by the CSRC. However, according to the relevant provisions of the CSRC on public offering of allotments, the company must meet the issuance conditions such as continuous profitability in the last three fiscal years. Therefore, Citic Securities Company Limited(600030) took the lead in issuing the pre increase announcement of 2021 performance to show its performance.
Citic Securities Company Limited(600030) it is estimated that the net profit attributable to the parent company in 2021 will not be less than 17.645 billion yuan, an increase of not less than 18.41% compared with 2020. Citic Securities Company Limited(600030) at the same time, it said that in 2021, the company’s businesses developed in a balanced manner and grew steadily.
For the operating performance of Citic Securities Company Limited(600030) , Liu Xinqi, chief analyst of Guotai Junan Securities Co.Ltd(601211) non bank financial industry, is more optimistic. It is expected that the net profit attributable to the parent company in Citic Securities Company Limited(600030) 2021 will reach 20.666 billion yuan, with a year-on-year growth rate of 38.68%. Liu Xinqi believes that ” Citic Securities Company Limited(600030) ‘s profit has increased steadily, which fully demonstrates the company’s leading position in the industry. Citic Securities Company Limited(600030) also stated the matters related to the company’s allotment of shares and public issuance of securities in the performance pre increase announcement, and it is expected that the allotment will be implemented in the near future.”
The annual net profit reaches 20 billion yuan. What level does it belong to in the securities industry? Taking 2020 as an example, there are only five securities companies with a net profit of more than 10 billion yuan, Citic Securities Company Limited(600030) ranking first with 14.9 billion yuan. In that year, the total net profit of nearly 140 securities companies in the whole industry was 157.534 billion yuan.
Central China Securities Co.Ltd(601375) net profit
up to 436.9%
Zheshang Securities Co.Ltd(601878) , Central China Securities Co.Ltd(601375) also issued the announcement of performance increase in 2021 after Citic Securities Company Limited(600030) , and their performance is also commendable.
Zheshang Securities Co.Ltd(601878) it is expected that the net profit attributable to shareholders of listed companies will increase by 488 million yuan to 651 million yuan in 2021, with a year-on-year growth rate of 30% to 40%. In 2020, Zheshang Securities Co.Ltd(601878) realized a net profit attributable to the shareholders of the listed company of 1.627 billion yuan. According to this calculation, the net profit in Zheshang Securities Co.Ltd(601878) 2021 can reach 2.115 billion yuan to 2.278 billion yuan.
While issuing the performance forecast, Zheshang Securities Co.Ltd(601878) also issued the decision on ordering Zhejiang Zheshang Securities Co.Ltd(601878) Asset Management Co., Ltd. to make corrections, restrict business activities and order relevant personnel to be punished issued by Zhejiang securities regulatory bureau. Zhejiang asset management, a wholly-owned subsidiary of Zheshang Securities Co.Ltd(601878) , was suspended from filing private asset management products for 6 months for five reasons, The company is ordered to make corrections and punish relevant personnel.
Will the suspension of filing of wholly-owned subsidiaries have a significant negative impact on the operating performance of Zheshang Securities Co.Ltd(601878) ? Zheshang Securities Co.Ltd(601878) responded that the products involved in the above supervision are some private fixed income asset management products, which have been cleaned up after the early self inspection and rectification of Zheshang asset management. The suspension of the filing of private asset management products will have little impact on Zheshang Securities Co.Ltd(601878) consolidated income and profits and will not affect Zheshang Securities Co.Ltd(601878) normal operation.
Central China Securities Co.Ltd(601375) is a “dark horse” in the securities industry in 2021. It is expected that the net profit attributable to shareholders of Listed Companies in 2021 will increase by 376 million yuan to 456 million yuan year-on-year, with a year-on-year increase of 360.2% to 436.9%. In 2020, Central China Securities Co.Ltd(601375) realized a net profit attributable to the shareholders of the listed company of 104 million yuan. According to this calculation, the net profit in Central China Securities Co.Ltd(601375) 2021 is expected to reach 480 million yuan to 560 million yuan.
As for the reasons for performance growth, Zheshang Securities Co.Ltd(601878) said that in 2021, China’s economic development showed a steady and positive trend, and China’s capital market developed vigorously. The company actively grasped market opportunities, continuously improved the company’s core competitiveness and steadily developed all businesses around the business strategic goal of serving the real economy, So as to realize the steady growth of net profit attributable to shareholders of listed companies. Central China Securities Co.Ltd(601375) said that the company actively grasped market opportunities and continuously improved its core competitiveness. The main businesses such as investment banking and primary and secondary market investment developed steadily.
The performance forecast disclosed by the above three listed securities companies can be regarded as the epitome of the overall operation of Chinese securities companies. Institutions generally believe that the securities industry will seek new development in the transformation in 2021, which is quite effective, and its future performance is expected to climb to a new level. Six securities companies, including China Securities Co.Ltd(601066) , Tianfeng Securities Co.Ltd(601162) , Western Securities Co.Ltd(002673) , China Industrial Securities Co.Ltd(601377) , Shanxi Securities Co.Ltd(002500) , Soochow Securities Co.Ltd(601555) , predict that the operating revenue of the securities industry will exceed 500 billion yuan and the net profit will exceed 200 billion yuan in 2022. The prosperity of the industry will continue to rise, creating sufficient space for the valuation and repair of securities companies’ shares.
(source: Securities Daily)
