According to the Zhitong Finance App, China Merchants Securities (06099) announced results for the year ended December 31, 2023. The group obtained total revenue, other revenue and revenue of RMB 30.2 billion (same unit price), an increase of 2.33% over the previous year; annual profit attributable to shareholders of the company was 8.764 billion yuan, an increase of 8.6% year on year; basic earnings per share were 0.94 yuan, and a cash dividend of 2.52 yuan was distributed to all shareholders for every 10 shares.

This year has progressed steadily. The company's profitability is at the top of the industry, and high-quality development is even more promising. Withstood downward market pressure and made every effort to save resources. Revenue, net profit, and ROE increased by 3%, 9%, and 0.37 percentage points, respectively, and remained industry-leading; wealth management AUM reached a record high, financial market investment generally achieved “large and stable”, and businesses such as investment banking, trusteeship, futures, and private equity investment all had their highlights; various types of risk losses remained low, and asset quality remained excellent.

The year was revolutionary, the results of the company's reforms gradually became apparent, and the impetus for high-quality development was even stronger. The company won the “Benchmark” in the 2022 special assessment of “Double Hundred Enterprises”, taking advantage of the momentum to promote a new round of reform and innovation to stimulate vitality, enhance motivation, and enhance capabilities through continuous reform. Further promote changes in performance assessment and organizational mechanisms, and deepen market-based employment mechanism reforms; the transformation of modern investment banks has seen initial results, and the quality and ranking of investment banking services have improved; actively promote digital construction, build a “safety net” for information technology, and build the industry's first comprehensive multi-cloud platform for innovation and innovation.

This year spanned breakthroughs, and the company's five-year strategic period of 2019-2023 came to a successful conclusion. After five years of search and struggle, China Merchants Securities acted as the first batch of “double hundred enterprise” reform pioneers, promoting organizational change and technological innovation with unprecedented strength, gathering new synergies for high-quality development; restructuring new models of major businesses such as financial opportunities, investment banking, and investment, and taking the lead in implementing “three investment” linkages in the industry, creating a development formation for modern investment banks. After five years of hard work, the company's asset size doubled, reaching 695.9 billion yuan at the end of 2023, an increase of 128% over the end of 2018, and the asset scale was restructured; the operating performance was remarkable, with average operating income of 22.29 billion yuan and average net profit of 9.06 billion yuan in 2019-2023, up 53% and 49%, respectively; leading profitability. In 2021, 2022 and the first three quarters of 2023, the company's net assets ranked 5, 7, and 8, respectively; net profit attributable to shareholders of the parent company ranked 5, 4, and 5, respectively , continuously maintaining the top 5 in the industry. Having built a solid foundation over five years, the company has formed a good competitive advantage in major business areas such as trusteeship, wealth management, private equity, and derivatives investment, while building a cost management advantage, improving the compliance risk control system, and resolving the risks of problems left over from history in an orderly manner. Asset quality is at the forefront of the industry, and a solid foundation for steady development.