With the financial reporting season approaching, two securities companies have officially disclosed the financial statements of 2021.
Recently, Minmetals Capital Company Limited(600390) and State Grid Yingda Co.Ltd(600517) successively issued announcements to disclose the unaudited financial statements of Minmetals securities and Yingda securities in 2021.
According to the financial report data, the operating revenue of Minmetals securities in 2021 was 1.837 billion yuan, a year-on-year increase of 2.24%; The net profit was 401 million yuan, a year-on-year decrease of 11.72%.
Yingda securities’ operating revenue in 2021 was 966 million yuan, a year-on-year increase of 6.90%; The net profit was RMB 353 million, a year-on-year increase of 16.62%.
In addition to the above two securities companies, Citic Securities Company Limited(600030) , Zheshang Securities Co.Ltd(601878) , Central China Securities Co.Ltd(601375) , Guolian Securities Co.Ltd(601456) and Guoyuan Securities Company Limited(000728) and other listed securities companies have also recently successively released the performance increase forecast or performance express of 2021.
two securities companies disclosed financial reports: the income of Yingda investment bank surged, and Minmetals suffered a “Waterloo”
After comparing the financial report data of the two securities companies, the reporter found that Yingda securities achieved varying degrees of growth in operating revenue and net profit in 2021; In contrast, although the revenue of Minmetals securities increased, the net profit did not increase but decreased.
Overall, the suggestive announcements disclosed by the financial reports of the two securities companies did not introduce the operation in 2021 in more detail. However, by comparing the sub items of the income statement, the specific performance of the businesses of the two securities companies also surfaced.
In 2021, Minmetals securities achieved a net brokerage income of 113 million yuan, a year-on-year increase of 16.07%. Among them, the net income from agency trading business was 86 million yuan, a year-on-year increase of 5.97%; The net income from selling financial products on a commission basis was 09 million yuan, with a year-on-year increase of 135.31%.
As the strength of Minmetals securities business, investment banking business still occupies an absolute leading position in the revenue in 2021. In 2021, the net income of Minmetals securities investment banking business was 781 million yuan, with a year-on-year increase of 21.55%. Among them, the net income from underwriting business was 559 million yuan, a year-on-year increase of 10.60%; The revenue from recommendation business was 06 million yuan, a year-on-year increase of 12.48%; The income from financial consulting business was 216 million yuan, a year-on-year increase of 63.73%; In addition, the financial report also disclosed that the net income of the financial advisory business of M & A was 13 million yuan, with a year-on-year increase of 434%.
In terms of asset management, Minmetals securities realized a net income of 193 million yuan from asset management business in 2021, a year-on-year increase of 33.09%. Among them, the net income from directional asset management was 146 million yuan, a year-on-year increase of 60.43%; The net income of collective asset management was 38 million yuan, a year-on-year decrease of 26.91%; The net income of special asset management was 09 million yuan, a year-on-year increase of 353.00%.
However, Minmetals securities suffered a “Waterloo” in its proprietary business. In 2021, Minmetals securities realized an investment income of 170 million yuan, a decrease of 58.03% compared with 405 million yuan last year. Among them, the investment income confirmed by equity financial instrument investment, which accounted for a large proportion last year, was 271 million yuan, while this year’s income was only 22 million yuan, a year-on-year decrease of 91.99%; The investment income recognized from the investment in derivative financial instruments was -11 million yuan, a year-on-year decrease of 604.36%.
In terms of Yingda securities, the brokerage business is still the largest business of the securities company. In 2021, the net brokerage fee income was RMB 228 million, a year-on-year increase of 1.55%. Meanwhile, Yingda securities also achieved rapid growth in investment banking last year, with a net fee income of 49 million yuan, a year-on-year increase of 147.11%.
In addition, in 2021, Yingda securities’ net income from handling fees of asset management business was 61 million yuan, a year-on-year increase of 7.06%; The investment income was 155 million yuan, a year-on-year decrease of 8.90%.
several listed securities companies disclosed their performance in 2021
Since 2022, Citic Securities Company Limited(600030) , Zheshang Securities Co.Ltd(601878) , Central China Securities Co.Ltd(601375) , Guolian Securities Co.Ltd(601456) and other four listed securities companies have successively issued annual performance pre increase announcements in 2021; Citic Securities Company Limited(600030) and Guoyuan Securities Company Limited(000728) have also disclosed the performance express of 2021. At present, Central China Securities Co.Ltd(601375) net profit has the fastest growth rate, with a year-on-year increase of 360.20% to 436.90%; The net profit of the head brokerage Citic Securities Company Limited(600030) in 2021 exceeded 20 billion yuan.
Among the listed securities companies that issued the announcement of performance pre increase, Zheshang Securities Co.Ltd(601878) is expected to increase the net profit attributable to the parent company by about 488 million yuan to 651 million yuan in 2021, with a year-on-year increase of about 30% to 40%; Central China Securities Co.Ltd(601375) it is estimated that the net profit attributable to the parent company in 2021 will increase by 376 million yuan to 456 million yuan, a year-on-year increase of 360.20% to 436.90%; Guolian Securities Co.Ltd(601456) it is estimated that the net profit attributable to the parent company will reach 880 million yuan in 2021, an increase of 292 million yuan over the same period of last year, an increase of about 49.72% year-on-year.
As for the main reasons for the pre increase in performance, Central China Securities Co.Ltd(601375) said that in 2021, the company actively grasped market opportunities, continuously improved its core competitiveness, and steadily developed its investment banking business, primary and secondary market investment and other main businesses.
Guolian Securities Co.Ltd(601456) said that the company continued to optimize its customer service system, significantly improved its capital scale and operation capacity, took shape of the pan wealth management system, diversified its business structure and continuously enhanced its profitability.
Among the listed securities companies that have published the performance express, Citic Securities Company Limited(600030) achieved an operating revenue of 76.570 billion yuan in 2021, a year-on-year increase of 40.80%; The net profit attributable to the parent company was 22.979 billion yuan, a year-on-year increase of 54.20%. Citic Securities Company Limited(600030) said that the company’s investment banking, asset management and other businesses developed in a balanced and steady manner in 2021.
Guoyuan Securities Company Limited(000728) in 2021, the operating revenue was 6.076 billion yuan, a year-on-year increase of 34.18%; The net profit attributable to the parent company was 1.87 billion yuan, a year-on-year increase of 36.52%. For the specific reasons for the performance growth, Guoyuan Securities Company Limited(000728) said that the company grasped the market opportunities, accelerated the progress of investment banking projects, increased the sales of financial products, moderately increased the financial leverage, expanded the asset scale and investment varieties, and realized a large year-on-year increase in revenue from fixed income investment and investment banking underwriting.
