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electric eel - great wall securities' first-half performance decline draws attention; ipo underwriting business awaits breakthrough

2024-09-04

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electric eel finance/text by electric eel

great wall securities 2024 semi-annual report

securities companies play a vital role in the capital market. they are not only a bridge between funds and projects, but also a weathervane of investor confidence. recently, great wall securities released its latest financial report. in the first half of 2024, the company achieved revenue of 1.982 billion yuan, a year-on-year decrease of 9.91%; and achieved a net profit of 721 million yuan attributable to shareholders of listed companies, a year-on-year decrease of 18.88%. in addition, relevant media reports said that great wall securities' ipo underwriting business in the first half of this year was "blank", and no projects were successfully issued.

in its semi-annual report, great wall securities pointed out that in the second half of 2024, the company will prudently respond to market changes, operate prudently, and steadily improve product performance. at the same time, the company will continue to deepen and solidify the agency sales and outsourcing business of asset management products, expand agency sales channels and accelerate the implementation of reserve outsourcing projects, create a new channel for the source of asset management business scale, and increase the active management scale of asset management business. the company will focus on serving its main business and radiating central enterprises, provide multi-level asset securitization services around the subsidiaries of huaneng group and large central enterprises and state-owned enterprises, and maintain public reits as the long-term strategic core and business transformation direction.

industry insiders pointed out that the capital market is a complex and sensitive ecosystem. for securities companies, only by continuously strengthening their professional capabilities and improving service quality can they truly achieve sustainable development, create long-term value for investors, and inject more vitality and confidence into the capital market. "electric eel finance" will keep an eye on the performance changes of great wall securities in the second half of the year and the progress of its sponsor-related projects.