According to the Zhitong Finance App, Guotai Junan (02611) announced the results for the year ended December 31, 2023. The group obtained total revenue and other revenue of 52.304 billion yuan (RMB, same below), an increase of 6.55% over the previous year; profit attributable to the company's equity holders of 9.374 billion yuan; basic earnings per share of 0.98 yuan; and a proposed discovery dividend of 4 yuan for every 10 shares.

In 2023, the Group's wealth management business will accelerate the establishment of an “investment-driven and technology-enabled” wealth management model. On the basis of maintaining the leading edge in the retail brokerage business industry, it will focus on strengthening the core competitiveness of buyers and steadily improving asset allocation capabilities. During the reporting period, the Group firmly established the direction of high-quality customer development, implemented refined customer service management, optimized retail customer service models, enhanced intelligent trading service capabilities, continued to consolidate the retail customer base, and steadily increased share of stock trading; explored standardized asset allocation services, cooperated deeply with outstanding managers to optimize product supply and improve product sales mechanisms, and continued to grow in product sales scale; strengthened investment and research system construction, formed a series of characteristic strategy combinations, optimized public fund investment and private customized service models. The strategic portfolio performed well; promoted investment team incentive mechanisms, professional ranks and training System construction, investment service coverage increased significantly; optimized network layout, promoted standardized network construction, and continuously enhanced regional competitiveness; explored intensive Internet operation models, optimized the Junhong App customer experience, enriched Junhong PepsiCo investment tools, upgraded the intelligent wealth management technology platform, and enhanced digital management capabilities. At the end of the reporting period, Junhong App had 404.407 million users, an increase of 3.7% over the end of the previous year. The average monthly activity was 17.9633 million, an increase of 10.1% over the previous year. The number of personal fund accounts was 17.842,700, up 14.2% from the end of the previous year. Among them, the number of wealthy customers and high-net-worth customers was 351,100, an increase of 3.6% over the end of the previous year. A total of 3,694 people were qualified as investment advisors, an increase of 4.1% over the end of the previous year, ranking 4th in the industry. The asset holdings of customers in the “Junxiang Investment” investment business were 12.731 billion yuan, an increase of 122.5% over the end of the previous year. During the reporting period, sales of financial products were 744.4 billion yuan, up 1.2% year on year, and the average monthly holding volume of financial products was 242.3 billion yuan, up 13.3% year on year. The share of domestic stock base transactions was 4.76%, an increase of 0.23 percentage points over the previous year.

Cathay Junan Futures is fully integrated into the Group's integrated platform, and its cross-market service capabilities have been greatly improved; comprehensive financial services have been strengthened around financial institutions and industrial customers, and its trading share has been growing steadily; the Singapore subsidiary of Cathay Junan Futures was officially put into operation and became a derivatives trading and clearing member of the Singapore Exchange in September, and its cross-border service capabilities have been rapidly enhanced. During the reporting period, the trading value of Cathay Pacific Junan Futures futures increased by 31.8% year on year, with a market share of 7.44%, up 1.44 percentage points from the previous year. Among them, the market share of commodity futures turnover was 6.10%, up 1.38 percentage points from the previous year; the share of financial futures transactions was 11.81%, up 1.97 percentage points from the previous year, and ranked 4th, 2nd, 4th and 3rd respectively on the Shanghai Futures Exchange, Dalian Commodity Exchange, Zhengzhou Commodity Exchange and China Financial Futures Exchange in terms of transaction share. The customer equity scale at the end of the period was 10.4 billion yuan, down 5.7% from the end of the previous year, continuing to rank second in the industry.

The Group's financing and securities lending business adheres to a countercyclical adjustment mechanism, continuously optimizes risk control systems and business management models; increases basic services, continuously optimizes pricing mechanisms, and steadily increases the share of new accounts; strengthens comprehensive services for institutional customers and high-net-worth customers, and maintains growth in the number of institutional accounts; optimizes securities lending and securities transfer transaction mechanisms; deepens securities source cooperation and improves securities source communication system functions; and promotes system platform construction to enhance digital operation capabilities. At the end of the reporting period, the Group's securities financing balance was 88.926 billion yuan, up 2.1% from the end of the previous year, the market share was 5.39%, and the maintenance guarantee ratio was 255.8%; of these, the financing balance was 83.346 billion yuan, the market share was 5.28%, down 0.29 percentage points from the end of the previous year; the securities financing balance was 5.579 billion yuan, and the market share was 7.79%, up 0.81 percentage points from the end of the previous year. The total number of accounts opened by institutional customers was 3,744, an increase of 12.7% over the end of the previous year; the balance of financing and securities lending for institutional customers was RMB 21.567 billion, accounting for 24.3% of the Group's securities financing balance.