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listed securities firms' semi-annual report: revenue and profit both fell, and net capital of more than 70% of securities firms increased

2024-09-18

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a review of public information shows that 45 securities companies achieved a total revenue of 236.866 billion yuan and a net profit attributable to shareholders of 63.958 billion yuan in the first half of 2024, a year-on-year decrease of 12.55% and 22.08% respectively.

in terms of revenue, 80% of brokerages saw a year-on-year decline in revenue, with 5 brokerages including haitong securities and guolian securities seeing a decline of more than 30%, while dongxing securities and jinlong securities saw their revenue double year-on-year. the net profit attributable to the parent companies of 12 brokerages including capital securities and dongxing securities increased year-on-year, while the profits of 9 brokerages including huaxi securities and guolian securities fell by more than 50%.

more than 70% of securities firms saw an increase in net capital compared to the end of last year. citic securities, china galaxy securities and gf securities ranked the top three, while zhongyuan securities, changjiang securities and guoyuan securities saw an increase of more than 10%. the net capital of five securities firms, including huaan securities and capital securities, fell by more than 3%.

in terms of risk control indicators, the average liquidity coverage ratio of securities firms was about 297.61%, down 14.11 percentage points from the end of last year, and the average net stable funding ratio, capital leverage ratio, and risk coverage ratio all increased from the end of last year. among them, the indicators of pacific securities and southern securities were relatively advanced among similar securities firms.

revenue fell 12.55% year-on-year and profit fell 22.08%

financial report data shows that in the first half of 2024, 45 securities companies achieved a total revenue of 236.866 billion yuan, a year-on-year decrease of 12.55%; net profit attributable to shareholders was 63.958 billion yuan, a year-on-year decrease of 22.08%.