Guosen Securities Co.Ltd(002736) the revenue of asset management business rose against the trend in the first quarter

On April 29, Guosen Securities Co.Ltd(002736) released the first quarterly report of 2022. The company achieved an operating revenue of 2.976 billion yuan, a year-on-year decrease of 30.00%; The net profit was 767 million yuan, a year-on-year decrease of 54.45%. In the first quarter, the net income of Guosen Securities Co.Ltd(002736) handling fees and commissions was 1.771 billion yuan, a year-on-year decrease of 22.75%. In terms of business lines, the asset management business bucked the trend and achieved revenue growth, with a net fee income of 70 million yuan, a year-on-year increase of 17.54%; The net income from brokerage fees was 1.415 billion yuan, a year-on-year decrease of 16.24%; The net fee income from investment banking business was 203 million yuan, a year-on-year decrease of 55.01%.