Changjiang Securities' revenue and net profit in 2023 will increase year-on-year

On April 26, Changjiang Securities disclosed its 2023 annual report. According to the annual report, the company's total operating income was 6.896 billion yuan, a year-on-year increase of 8.23%, and the net profit attributable to shareholders of listed companies was 1.548 billion yuan, an increase of 2.58% year-on-year. As of the end of the reporting period, the company's total assets were 170.729 billion yuan, an increase of 7.39% over the beginning of the year, and the net assets attributable to shareholders of listed companies were 34.662 billion yuan, an increase of 12.79% over the beginning of the year. Changjiang Securities said that in 2023, the company will adhere to and strengthen the party's overall leadership, improve the efficiency of strategy implementation and collaboration, focus on professional capacity building, optimize business structure, and improve management quality and efficiency.

Wealth Management Transformation Achieves Outstanding Results The scale of asset management business continues to expand

Specifically, in terms of securities brokerage business, in 2023, the market share (excluding seats) of Changjiang Securities' agency trading revenue will be 1.91%, a new high in recent years, the number of customers will exceed 8.9 million, achieving five-year continuous growth, and the total value of securities will reach 1.04 trillion yuan. According to the annual report data, as of the end of 2023, Changjiang Securities has 2,268 registered investment advisers, ranking 10th in the industry and 6th in the investment consulting income industry, and the revenue from financial product sales will be 270 million yuan, a year-on-year increase of 20.54%, and the effect of wealth management transformation will continue to improve.

In terms of asset custody business, the scale of Changjiang Securities' private placement business increased by 62% year-on-year in 2023, and the increment of custody business continued to break through, ranking among the top 12 in the industry in the number of new private equity fund filings, and further improving its comprehensive private placement service capabilities. In addition, Changjiang Securities carried out futures brokerage business through its holding subsidiary, Changjiang Futures, and during the reporting period, Changjiang Futures achieved a net profit of 80.07 million yuan, with an average daily equity of 6.925 billion yuan, a year-on-year increase of 4%. In terms of asset management business, the annual report data shows that the scale of Changjiang Asset Management's public fund business, a wholly-owned subsidiary of Changjiang Securities, increased by 13% over the same period last year. During the reporting period, 5 special products were newly issued with a scale of 3.089 billion yuan, 5 public funds were newly issued with a scale of 2.356 billion yuan, and 21 private products were newly issued with a scale of 1.182 billion yuan.

It is worth mentioning that the fund management business of Changjiang Securities performed well. According to the annual report, Changxin Fund, a subsidiary of Changjiang Securities, will exceed 200 billion yuan in total scale for the first time in 2023, and has maintained positive growth for five consecutive years, and the scale of non-goods has exceeded 100 billion, significantly outperforming the overall growth rate of the industry. As of the end of the reporting period, the total number of Changxin fund management products was 124, with a total net asset scale of 174.032 billion yuan, including 90 public funds with a net asset scale of 168.258 billion yuan.

The research business continues to maintain the leading advantage in the industry, and the internal and external two-way empowerment is high-quality development

In the field of research business, Changjiang Securities still maintains the leading advantage in the industry. According to the annual report, in 2023, Changjiang Securities will continue to improve its research capabilities and market influence in key areas of national strategy, conform to the development trend of the institutional customer market, and actively respond to the changing needs of institutional customers.

In recent years, Changjiang Securities' research business strength has been firmly in the first echelon of the industry, and as a professional engine for the company's business development, it has also provided many outstanding research talents for the industry. As of the end of 2023, Changjiang Securities has allocated research forces covering the whole industry, including 5 major research fields and 34 research directions in total, cyclical industry, financial manufacturing industry, consumer industry, and technology industry.

It is worth noting that Changjiang Securities said in its 2023 annual report that the next stage of the research business will increase the linkage between domestic business and international business, and improve the research pricing ability to better serve the high-quality development of the real economy and capital market.

Highlight the functional positioning, and deeply cultivate the layout of national strategic key industries

In terms of investment banking business, Changjiang Securities closely follows the guidance of national policies and continues to deepen its layout in key industries that meet the national strategy such as high-quality development and industrial structure transformation and upgrading. In 2023, Changjiang Securities' subsidiary, Changjiang Securities, will complete 8 IPO projects, ranking 13th overall, and 17 IPO projects under review, ranking 11th in the market. Among them, in terms of equity projects in strategic emerging industries, in 2023, Changjiang will sponsor 6 orders, 3 approved documents, 4 approved documents, and 5 under review.

In addition, Changjiang Sponsor continues to implement the regional deepening strategy and serves the high-quality development of the region. During the reporting period, the company landed 6 projects in Hubei, including 2 IPO projects, ranking first in the Hubei market, and simultaneously increased its efforts in Jiangsu, Zhejiang, Shanghai and southwest China to further develop high-quality project resources in the market.

In terms of bond financing business, in 2023, Changjiang Securities will lead the underwriting of a total of 95 bonds, with a scale of 29.72 billion yuan, and 74% of the underwritten bonds will be rated AA+ or above, and the proportion of high-quality customers will continue to increase. In terms of continuously strengthening the cultivation of small and medium-sized enterprises, Changjiang Securities will complete 8 recommended listings on the New Third Board in 2023, ranking 13th in the market, 18 directional stock issuances, raising 1.073 billion yuan, ranking 3rd in the market, and continuing to supervise 209 companies listed on the New Third Board, ranking 6th in the market, with business indicators in the forefront of the industry.

Adhere to the development path of sustainable finance and actively practice social responsibility

While actively developing its own business, Changjiang Securities plays an active role in broadening financing channels, reducing financing costs, promoting industrial upgrading, and standardizing corporate governance, providing all-round and comprehensive financial services for entity enterprises, guiding the flow of high-quality capital to strategic emerging industries supported by the state, and promoting industrial adjustment, regional development and new economic growth. Specifically, Changjiang Securities has actively developed and reserved bond varieties that are in line with the national strategic guidance, and has participated in a total of 12 carbon neutrality bonds, green bonds, and scientific and technological innovation corporate bonds, with a total financing amount of 4.283 billion yuan, and set up Anhui New Energy and Energy Conservation and Environmental Protection Industry Theme Fund of Funds, Yichang Green Industry Fund and other industrial guidance funds and science and technology innovation funds, etc., to help the development of green finance and scientific and technological innovation industry on multiple fronts.

At the same time, Changjiang Securities has always adhered to the political and people-oriented nature of financial work, continued to practice the concept of financial goodness, integrated the fundamental requirements of "finance for the people" into its own mission, vision and values, and actively fulfilled its social responsibilities in rural revitalization, public welfare education and other fields. According to the report, Changjiang Securities has established a long-term mechanism of "hematopoietic" assistance, continued to promote rural revitalization, and has accumulated more than 13 billion yuan in financial assistance and financing in recent years. In 2023, Changjiang Securities will help help local enterprises to raise more than 1.5 billion yuan through the capital market, and based on the rural resource endowment, it will help the development of rural characteristic industries, with a cumulative expenditure of nearly 2.3 million yuan to support rural ecological protection, infrastructure construction, and characteristic industry projects.

Among them, Changjiang Securities innovatively carried out the apple industry to help agriculture in Yanchang County, Shaanxi, and launched the original "Pingbu Qingyun" agricultural cultural and creative products, and printed the company's IP image of long calves and original blessings on the surface of high-quality apples, skillfully integrating industry characteristics to create a characteristic cultural and creative product that integrates taste, design and interest, which has been widely praised in the industry. Changjiang Securities donated the product design plan to Yan'an fruit enterprises for free, which opened up new ideas for local consumption assistance and actively helped the transformation and upgrading of local industries.

In addition, Changjiang Securities relied on its self-established public welfare charitable foundation to carry out a wide range of public welfare assistance activities, and donated nearly 900,000 yuan during the reporting period to carry out public welfare education and poverty assistance activities. Among them, the company has carried out public welfare student assistance activities such as "Clothes and Clothes" and "Ten People in Ten Years" for the ninth consecutive year, and actively donated teaching equipment, living materials and school supplies to Xinjiang, Zhaotong, Yunnan, Xiaoxian County, Anhui and other economically underdeveloped areas, helping more than 2,180 students in 8 schools.

Changjiang Securities said in its 2023 annual report that in the future, it will focus on the goal of accelerating the construction of a financial power, implement the decisions and deployments of the party and the state on financial work, take "serving the development of the real economy and serving the growth of customer wealth" as the starting point of various work, strengthen the leadership of party building, focus on the main responsibilities and main businesses, build core competitiveness, improve the service level of "gatekeepers", and contribute to the "power of the Yangtze River" to help improve the function of the capital market and promote the high-quality development of finance.

Reviewer: Wang Chao Editor: Wang Yin Proofreader: Zhang Diange Producer: Zhang Nan Issued: Sun Hong