Self operated business becomes the core driving force, leading to significant growth in brokerage performance in 2024

On February 7th, with the continued activity of the capital market, the performance of securities firms in 2024 has attracted much attention. As of February 6th, 17 listed securities firms have disclosed their 2024 performance forecasts or performance reports, and 13 securities firms have disclosed their unaudited financial statements for 2024 through their parent companies. Top securities firms such as CITIC Securities and Guotai Junan continue to consolidate their market leading positions, with net profit growth rates exceeding 10% year-on-year; Although the net profit scale of small and medium-sized securities firms is small, their performance elasticity is greater. Self operated business has become the core driving force for securities firms’ performance growth in 2024. Industry insiders suggest that with the recovery of the A-share market in 2024, there is a strong certainty of improved performance for securities firms. It is recommended to focus on investment opportunities in the securities sector brought about by improved performance. (China Securities Journal)

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