【Financial Str. Release】Nearly 30 listed securities brokers reap hefty profits for 2020

BEIJING, April 14 (Xinhua) -- A total of 28 listed securities brokers that have announced their annual financial results by Monday generally raked in hefty revenue and profits for 2020, reported Xinhua-run Xinhua Finance Wednesday.

They made in total 453.86 billion yuan of revenue last year, up 29.38 percent year on year and pocketed 130.86 billion yuan of net profits, up 36.35 percent year on year.

Except for Northeast Securities (000686.SZ), all of the 27 listed securities brokers, of which a majority of them are large and medium-sized ones, reaped revenue growth last year and all the 28 listed securities brokers managed to realize positive net profits growth over 2019.

Among them, CITIC Securities (600030.SH; 06030.HK) ranked the most revenue and net profits, realizing 54.38 billion yuan of total revenue and 14.90 billion yuan of net profits for 2020.

By revenue, Haitong Securities (600837.SH), Guotai Junan Securities (601211.SH), Huatai Securities (06886.HK) and Shenwan Hongyuan Group (000166.SZ) ranked the second to the fifth with respective annual revenues at 38.22 billion yuan, 35.2 billion yuan, 31.45 billion yuan and 29.41 billion yuan.

Guotai Junan Securities earned 11.12 billion yuan of net profits for last year, ranking the second among these listed securities brokers and following CITIC Securities.

For most of them, revenue growth for 2020 exceeded 10 percent, with Hongta Securities (601236.SH) hailing 170.37 percent year-on-year growth in total revenue.

All of their net annual profits growth outran 10 percent for last year, with Everbright Securities (06178.HK) cheering on more than 300 percent of growth from 2019.

However, 13, 16, 18 and 14 of the 28 listed securities brokers suffered respectively lower risk coverage ratio, lower leverage ratio, lower liquidity coverage ratio and net stable funding ratio from the end of 2019.

By the end of 2020, Huaxi Securities (002926.SZ) boasted the highest risk coverage ratio among these listed securities brokers at 407.57 percent. (Edited by Duan Jing with Xinhua Silk Road, duanjing@xinhua.org)