At the beginning of 2022, Citic Securities Company Limited(600030) , Zheshang Securities Co.Ltd(601878) , Central China Securities Co.Ltd(601375) took the lead in disclosing the pre increase of performance in 2021 among listed securities companies.
Citic Securities Company Limited(600030) it is estimated that the net profit in 2021 will not be less than 17.645 billion yuan, and the annual growth rate will not be less than 18.41%; Zheshang Securities Co.Ltd(601878) the net profit is expected to increase by 30% to 40% year-on-year; Central China Securities Co.Ltd(601375) the maximum increase in net profit is expected to be 436.90%.
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. According to the relevant provisions of the CSRC on allotment and public offering, 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.
As for the main reasons for the pre increase in performance, Citic Securities Company Limited(600030) said that China’s economy overcame the impact of the epidemic, continued to improve, and the capital market developed vigorously. In 2021, the company’s businesses developed in a balanced and steady manner.
Zheshang Securities Co.Ltd(601878) said that in 2021, China’s overall economic development showed a steady and positive trend, and the capital market developed vigorously. The company closely focused on the business strategic goal of serving the real economy, actively grasped market opportunities, continuously improved core competitiveness, and steadily developed all businesses, 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. On January 9, Central China Securities Co.Ltd(601375) said in the announcement that it is expected that the net profit in 2021 will increase by 376 million yuan to 456 million yuan, an increase of 360.20% to 436.90% compared with 2020.
The agency believes that under the background of the full implementation of the registration system, the large investment banking business of securities companies will be significantly boosted, and the general trend of wealth management will give more growth to the securities sector.
Anxin securities expects that the normalized IPO issuance will benefit the large investment banking business of securities companies and drive the expansion of the capital market. It is expected that the investment banking revenue is expected to increase by 15% year-on-year in 2022. At the same time, the reform of registration system has given small and medium-sized securities companies an opportunity for differentiated development of investment banking business, and may reshape the competitive pattern of securities companies and investment banks in the future.
The research report predicts that the overall revenue of listed securities companies will be 520.16 billion yuan in 2022, a year-on-year increase of 10.7%; The net profit was 202.862 billion yuan, a year-on-year increase of 13.6%; The net profit margin is 39%. Shanxi Securities Co.Ltd(002500) also puts forward two main investment lines: first, based on the vision of common prosperity, pay attention to the securities companies that first release the Bureau in the big wealth management industrial chain; Second, based on the deepening trend of investor institutionalization, select securities companies with strong institutional service ability and high proportion of institutional business.
