Beijing, May 5 (ZXS) -- According to the 6 annual report and the 2022 first quarter report disclosed by China's listed securities companies, the performance of listed securities companies last year was generally "cold", but the performance in the first quarter of this year rebounded significantly.
According to the statistics of Soochow Securities, in 2022, the total operating income of A-share listed securities companies was about 5029.23 billion yuan (RMB, the same below), down 1358% year-on-year; The total net profit was about 32.<> billion yuan, down <>% year-on-year.
In contrast, in the first quarter of 2023, A-share listed securities companies achieved a total revenue of about 1377.37 billion yuan, a year-on-year increase of 450%; The total net profit was about 78 billion yuan, a year-on-year increase of <>%.
In terms of the specific performance of securities firms, CITIC Securities, the "first brother in the industry", still performed brilliantly and opened a gap with other peers. In 2022, CITIC Securities achieved revenue of about 651.09 billion yuan and net profit of about 213.17 billion yuan, both of which ranked first in the industry. In addition to CITIC Securities, Guotai Junan, China Galaxy and Huatai Securities are the only three securities firms with revenues of more than 3 billion yuan. In terms of profits, only two brokerages, Guotai Junan and Huatai Securities, have net profits of more than 300 billion yuan.
In the first quarter of this year, CITIC Securities was the only listed securities firm with a revenue scale of more than 153 billion yuan, achieving revenue of about 48.54 billion yuan in the first quarter of this year. In terms of net profit, CITIC Securities achieved a net profit of about 17.<> billion yuan in the first quarter, ranking first in the industry.
The data shows that the key factor for the strong recovery of A-share listed securities companies in the first quarter of this year lies in the proprietary business.
According to media statistics, the total income of A-share listed securities companies in the first quarter of this year was 464.01 billion yuan, compared with a total loss of 19.49 billion yuan in the same period last year. Among them, a total of 22 securities companies turned their proprietary business into profits in the first quarter of this year, of which 6 securities companies achieved a net profit turnaround due to the high growth of proprietary business.
Hu Xiang, an analyst at Soochow Securities, said that in 2022, due to the sluggish market conditions and trading sentiment, the performance of listed securities companies was not good. In the first quarter of 2023, the performance of listed securities companies was significantly better, especially the revenue of proprietary business rebounded sharply in the first quarter, but the rest of the business still needs to be boosted. It is expected that all businesses in the securities industry are expected to usher in a full recovery in 2023. Among them, the short-term market sentiment reversal coupled with the long-term equity market prosperity is expected to continue to benefit the wealth management business of the securities industry; Benefiting from capital market reforms such as the comprehensive registration system, investment banking business will develop steadily; The continuation of market conditions and the recovery of risk appetite are expected to drive the growth of proprietary business.
Liang Fengjie, an analyst at Zheshang Securities, said that the current valuation of the brokerage sector is low, and favorable policies have been frequent since 2023, including the implementation of the comprehensive registration system and the reduction of the minimum settlement reserve payment ratio for stock-based businesses, etc., optimistic about the recovery of brokerage companies this year and the repair of sector valuation. (End)