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Six major securities companies in Magic Capital compete for "Yuanyang Pot" _ Year-on-year _ Shenwan _ Haitong Securities

Release Time:2022-05-14 Topic:Shenwan Hongyuan Securities Ranking Reading:4 Navigation:Stock Liao information > Finance > non-banking financial industry > Six major securities companies in Magic Capital compete for "Yuanyang Pot" _ Year-on-year _ Shenwan _ Haitong Securities phone-reading

The net profit of the three giants exceeds 10 billion

Both are magic capital securities companies, so the connoisseurs have been struggling for a long time Guojun vs Haitong, and finally the winner is divided.

From the perspective of operating income, Haitong Securities collected 43.205 billion yuan, a year-on-year increase of 13.04%; Guotai Junan ranked second with a slight disadvantage, collecting 42.817 billion yuan, a year-on-year increase of 21.64%; Shenwan Hongyuan's income was 34.307 billion yuan Yuan, a year-on-year increase of 16.66%; Orient Securities and Everbright Securities’ income was 24.370 billion yuan and 16.707 billion yuan, a year-on-year increase of 5.34% and 5.30% respectively; Bank of China Securities’ income was 3.334 billion yuan, a slight increase of 2.75% year-on-year.

In terms of net profit, Guotai Junan was 15.013 billion yuan, a year-on-year increase of 34.99%; Haitong Securities was 12.827 billion yuan, The year-on-year increase was 17.94%; Shenwan Hongyuan regretted not being shortlisted for the 10 billion club, and its annual net profit was 9.398 billion yuan, a year-on-year increase of 21.02%; Orient Securities’ net profit was 53.71%, a year-on-year increase of 97.26%; Everbright Securities’ net profit increased by 49.28% year-on-year %, reaching 3.484 billion yuan; the net profit of Bank of China Securities was 962 million yuan, a year-on-year increase of 8.88%.

Experts noticed that Guotai Junan disclosed the ranking of its parent company in 2021, its total assets, net assets, net capital, business Revenue and net profit ranked No. 3, No. 3, No. 2, No. 2 and No. 2 in the industry, respectively. Among the leading brokerages that have announced net profit, Guotai Junan ranks second; Haitong Securities loses to Huatai Securities and ranks fourth.

Half of brokerages' agency sales doubled

Considering the different disclosure standards of the six brokerages, the expert selected the net profit of agency sales of securities from the consolidated income statement. Income is regarded as brokerage business income, and the net income from agency sales of financial products is used as the main measure.

Guotai Junan's brokerage business revenue in 2021 was 9.505 billion yuan, a year-on-year increase of 12.72%; Shenwan Hongyuan was next, 6.539 billion yuan, a year-on-year increase of 15.32%; Haitong securities brokerage business increased by 15.67% year-on-year, with a year-on-year increase of 60.24 100 million yuan; Everbright Securities collected 4.354 billion yuan, a year-on-year increase of 19.09%; Orient Securities collected 3.617 billion yuan, a relatively high year-on-year increase of 38.02%; Bank of China Securities’ brokerage business income also reached 1.152 billion yuan, a year-on-year increase of 20.17 %.

In terms of net income from agency sales of financial products, both Shanghai and Shanghai securities companies have experienced substantial growth: Guotai Junan topped the list with RMB 950 million, a year-on-year increase of RMB 950 million. The increase was 117.33%; Everbright Securities and Orient Securities were both 566 million yuan, a year-on-year increase of 46.74% and 45.00% respectively; Shenwan Hongyuan was 452 million yuan, a year-on-year increase of 104.49%; Haitong Securities soared 175.28% million yuan, a year-on-year increase of 3.39% %; Bank of China Securities increased by 59.92% year-on-year, collecting 140 million yuan.

Investment banking business declined significantly

and “Three China One China” "Compared with the rapid progress, the performance of Shanghai securities companies in investment banking business seems to be somewhat "inadequate".

The investment banking business income of Haitong Securities was 4.925 billion yuan, a year-on-year decrease of 0.27%;Shenwan Hongyuan rebounded significantly, with a revenue of 1.792 billion yuan, a year-on-year increase of 25.83%; Everbright Securities fell by 10.68%, with a revenue of 1.775 billion yuan; Orient Securities’ investment banking business income was 1.705 billion yuan, an increase of 7.77%; Bank of China Securities only It was 247 million yuan, a year-on-year decrease of 18.99%.

Experts have noticed that all six securities firms have been subject to regulatory penalties for investment banking projects in recent years. Judging from the list of C-type sponsor representatives disclosed by the Securities Industry Association, Haitong Securities has received at least 13 fines since 2021, while Guotai Junan has 6 in the same period, China Everbright Securities and Oriental Investment Bank have 2 each, and Bank of China Securities has 1; The underwriting and sponsorship of Shenwan Hongyuan received two consecutive fines at the end of 2020.

Orient Securities Asset Management ranks No. 1 in the industry

In terms of asset management, Xingjian directly adopts the “Net Asset Management Business of Trust Clients” in the consolidated income statement. Income", which is not the same as the expression in the text of the brokerage's annual report.

Haitong Securities and Orient Securities are almost equal, with 3.664 billion yuan and 3.622 billion yuan respectively, the former increased by 8.66% year-on-year, while the latter increased by 46.91% year-on-year; Guotai Junan (1.792 billion yuan), Everbright Securities ( 1.595 billion yuan) and Shenwan Hongyuan (1.380 billion yuan) are also relatively close, with year-on-year growth of 15.96%, 6.60% and 9.14% respectively; Bank of China Securities is the only securities company whose asset management business revenue declined, with a revenue of 786 million yuan, a year-on-year decrease 4.74%.

As previously reported by experts, Guotai Junan, Haitong Securities, Orient Securities, and Everbright Securities have all set up asset management subsidiaries; Shenwanhong Yuan Securities has applied to the China Securities Regulatory Commission for the establishment of an asset management subsidiary, but has not yet received an approval.

As a veteran asset management company, the performance of Orient Securities Asset Management seems to have no suspense. According to the annual report of Orient Securities, Orient Securities Asset Management will rank first in the industry in terms of net income from its entrusted asset management business in 2021 (data source: Securities Association of China). The total scale of its entrusted asset management is 365.929 billion yuan, which is equivalent to 3.33 times that of Haitong Asset Management.

Haitong Securities' incremental development of two financing and financing

Because the two financing business and equity business "parted ways", the income of Magic Capital Securities in the credit business Significant differentiation appeared.

Haitong Securities topped the list with 6.621 billion yuan, up 35.38% year-on-year; Guotai Junan slightly decreased by 1.77%, and received 5.591 billion yuan; Everbright Securities received 2.505 billion yuan, up 18.51% year-on-year; Orient Securities received 14.64 100 million yuan, up 87.96%; Shenwan Hongyuan dropped 72.14% to 1.005 billion yuan; Bank of China Securities fell 0.86% to 891 million yuan.

Haitong Securities stated that the company vigorously develops incremental customers, product customers, and high-net-worth customers in the Concentration management and product customer review to further provide high-quality financing service experience. At the same time, by increasing the expansion of lenders and strengthening channel maintenance and other diversified securities source raising measures, the service capability for securities lending customers has been improved, and the market share of securities lending has achieved a substantial increase compared with the beginning of the year. At the end of the period, the scale of the two financing business was 73.926 billion yuan, an increase of 6.243 billion yuan compared with the beginning of the year.

Orient Securities' statement is relatively brief, saying that the company further optimizes the customer structure, enriches the reserve of securities sources, continues to build a business system, improves customer experience, and promotes the steady development of the business. The balance of two financing at the end of the period was 24.601 billion yuan, an increase of 9.03% over the end of the previous year.

Shenwanhong’s self-operated business exceeded 10 billion

Since the first time the self-operated business revenue exceeded that of the brokerage business in 2018, the brokerage has maintained a strong interest in this revenue and profit source. paid close attention.

In terms of "investment income - joint venture + change in fair value", three of the six securities companies in Shanghai have self-operated business income of more than 10 billion yuan. Guotai Junan collected 11.439 billion yuan, a year-on-year increase of 26.02%; Haitong Securities fell 3.59% to 10.679 billion yuan; Shenwan Hongyuan collected 10.355 billion yuan, a year-on-year increase of 57.68%. Orient Securities (3.301 billion yuan) and Everbright Securities (1.438 billion yuan) both dropped significantly, with a drop of 36.21% and 36.14% respectively; Bank of China Securities was only 105 million yuan, a year-on-year decrease of 23.68%.

From the perspective of the parent company's net capital and risk control indicators, the scale of Guotai Junan's self-operated equity and non-equity categories has increased significantly year-on-year, and the scale of fixed income categories has grown faster. . Whether this reflects the difference in its own style, experts still need to further explore.

More than 30% of the masters and doctorates

As practitioners, experts are also interested in the talents of the six securities companies.

In terms of the total number of employees, the six securities companies have a total of 56,014 employees: China Taijunan has 13,341, Haitong Securities and Shenwan Hongyuan have 11,631 and 11,440 respectively; Everbright Securities and Orient Securities have 8,760 and 7,835 respectively. There are also 3,007 employees of BOC Securities.

In addition, Shenwan Hongyuan has as many as 692 retirees, Haitong Securities and Bank of China Securities have 38 and 22 respectively. The remaining three brokerages have no retired employees who need to bear the expenses.

In terms of educational background, Haitong Securities has a master and doctorate ratio of 39.24%; Guotai Junan, Orient Securities and Shenwan Hongyuan all exceed 1/ 3. And Everbright Securities undergraduates and below accounted for 70.73%.

Because some securities companies did not disclose their occupational positions in detail, experts only made incomplete statistics: Shenwan Hongyuan had a relatively high proportion of compliance personnel at 5.11%, Haitong Securities and Bank of China Securities were 4.21% and 2.39% respectively. Shenwan Hongyuan, Haitong Securities and Orient Securities accounted for 7.58%, 7.43% and 6.32% of information technology personnel respectively.

A glimpse of the scale of employee recruitment

Although it is rumored that the annual salary of brokerage companies is one million , but the data shows that the average salary of magic capital brokerage is not so amazing.

From the perspective of per capita annual salary, Haitong Securities is about 772,800 yuan, Shenwan Hongyuan and Guotai Junan are 720,400 yuan and 718,200 yuan respectively; Orient Securities is 637,400 yuan, Everbright Securities is 471,700 yuan, and Bank of China Securities is only 369,300 yuan.

In "The National Football Club is ashamed, the brokers are better than you! "In the article, experts have consulted the social responsibility report of the top brokerage companies, and took this opportunity to have a glimpse of the relevant recruitment situation.

The parent company of Haitong Securities has recruited 473 employees and 209 on campus.

Guotai Junan Society recruited 1,127 employees, recruited 361 fresh graduates through school recruitment, and introduced 14 postdoctoral fellows.

Shenwan Hongyuan will recruit more than 700 social workers in 2021, recruit nearly 300 graduates on campus, and provide more than 1,000 internship positions; 3 retired soldiers and 1 military-transferred cadre will be placed.

Orient Securities recruited 116 fresh graduates, and the employee turnover rate was 14%.

Everbright Securities did not disclose the total number of recruits, but only mentioned the introduction of more than 60 fintech talents; its headquarter staff turnover rate was 9.37%, down 1.3% year-on-year.

The headquarters of BOC Securities has introduced more than 167 key business personnel of various types and recruited 73 fresh graduates.

The gold three and silver four are more than half, so, do you plan to join the magic capital securities company?

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