15 brokerages have "genuinely" generous dividends totaling nearly 22.3 billion yuan

15 brokerages have "genuinely" generous dividends totaling nearly 22.3 billion yuan

Our reporter Zhou Shangzhang

As of yesterday, a reporter from the Securities Daily reported that 17 listed brokers have disclosed their 2019 annual reports. The 17 listed brokers currently have a total operating income of 268.189 billion yuan, accounting for 74.35% of the total operating income of 133 brokers. Net profit was 74.712 billion yuan, accounting for 60.69% of the total net profit of 133 securities firms (the Securities Industry Association disclosed the operating data of 133 securities companies in 2019 at the end of February).

According to the statistics of the "Securities Daily" reporter, of the 17 listed securities companies that have disclosed the 2019 annual report, 2 of them have no dividends for the time being, and the remaining 15 securities companies are planning to pay dividends totaling 22.279 billion yuan. %.

Specifically, the above 15 listed securities companies with cash dividend schemes have large differences in the amount of dividends per share. Among them, CITIC Securities, Guotai Junan, Guangfa Securities, CITIC Construction Investment, and Guoxin Securities have large cash dividends per share. They plan to distribute a cash dividend of 5 yuan, 3.9 yuan, 3.5 yuan, 2.35 yuan, 2 yuan. The 2019 annual report shows that the above five listed securities companies achieved operating revenues of over 10 billion yuan last year and net profits of over 4.9 billion yuan. Regarding the above five brokerage companies, both in terms of revenue and net profit, were temporarily ranked among the top ten in the industry.

In addition to the five listed brokers mentioned above, those who distribute cash dividends of 10 yuan or more per 10 shares also include China Galaxy (1.6 yuan), Oriental Securities (1.5 yuan), Guoyuan Securities (1.5 yuan), Hongta Securities (1 yuan) Hua An Securities (1 yuan).

Judging from the total amount of dividends to be distributed by 15 listed securities companies in 2019, there are 8 securities companies that intend to pay more than 1 billion yuan. Among them, CITIC Securities intends to distribute a cash dividend of 5 yuan (including tax) for every 10 shares, and a total of 6.463 billion yuan in cash dividends; in fact, from 2017 to 2019, CITIC Securities' cash dividends accounted for more than 30% of net profit, nearly Cumulative dividends over the three years amounted to 15.55 billion yuan.

Guotai Junan followed closely, and plans to allocate a cash dividend of 3.9 yuan (including tax) for every 10 shares, with a total cash dividend of 3.474 billion yuan. GF Securities temporarily ranked third. It plans to distribute a cash dividend of 3.5 yuan (including tax) to all shareholders for every 10 shares, and a total cash dividend of 2.667 billion yuan.

From the perspective of the brokerage's dividend distribution in 2019 as a percentage of net profit, Guoyuan Securities intends to distribute a cash dividend of 1.50 yuan (including tax) to all shareholders for a total of 505 million yuan (including tax) in cash, accounting for 2019 55.25% of the parent company's shareholders' net profit. The second is CITIC Securities, which found a cash dividend of 6.463 billion yuan, accounting for 52.85% of the net profit attributable to shareholders of the parent company in the 2019 consolidated statement; Hongta Securities ranked third, and plans to distribute a cash dividend of 1 yuan (including tax) for every 10 shares ), The proposed total cash dividend of 363 million yuan (including tax), accounting for 43.38% of the net profit attributable to shareholders of the parent company in the consolidated statement for 2019. Brokers' proposed dividends in 2019 to account for more than 30% of net profit also include Oriental Securities, Guotai Junan, Guohai Securities, GF Securities, CITIC Construction Investment, Shenwan Hongyuan, Huaan Securities, China Galaxy, Zhejiang Merchants Securities, and Everbright Securities.

Among the two undivided securities companies, Haitong Securities is advancing due to a fixed increase, which is also industry practice. Earlier, in 2017, Huatai Securities also suspended dividends due to the advancement of fixed income, but in the 2018 Interim Report, it carried out "make-up" dividends. However, China Merchants Securities has suspended dividends because it is currently promoting issues related to the rights issue. (Securities Daily)