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[Brokerage Focus] China Securities Co.,Ltd.: The current Brokerage Sector combines valuation safety margins with expectations of policy catalysts.
Jinwu Financial News | China Securities Co.,Ltd. released a Research Report stating that in 2024, Brokerage performance will significantly recover, primarily driven by Bullish policies, positive self-operated revenue, and the low base effect from 2023. In 2025, as market trading continues to recover, stock-based trading volume, margin financing balance, and equity fund issuance are expected to continue to improve, further boosting Brokerage wealth management income. Coupled with the low base effect from self-operated investments in the first quarter of last year, Industry profit elasticity may continue to be released. Currently, the Brokerage Sector has both valuation safety margins and expectations for policy catalysts, and it is recommended to maintain continuous attention.
China Merchants Securities: Summary of the 2024 Annual Report of China Merchants Securities Co., Ltd.
China Merchants Securities: 2024 Annual Report of China Merchants Securities Co., Ltd.
Summary of the 2024 Annual Report of China Merchants Securities Co., Ltd.
China Merchants Securities Co., Ltd. 2024 Annual Report
China Merchants (06099) expects a 18.51% year-on-year increase in net profit for 2024 and plans to propose a final dividend of 3.77 RMB per 10 shares.
Jinwu Financial News | China Merchants (06099) announced its performance for the year ending December 31, 2024. During this period, the profit attributable to the company's Shareholders was 10.386 billion yuan (RMB, the same below), an increase of 18.51% year-on-year; basic earnings per share were 1.13 yuan, compared to 0.94 yuan in the same period last year. A final dividend of 3.77 yuan in cash is proposed for every 10 shares. During this period, the group's total income, Other income, and total revenue were 30.622 billion yuan, a year-on-year increase of 2%. Among them, the company's fee and commission income increased by 0.207 billion yuan year-on-year, an increase of 1.97%; securities and Futures brokerage business.