In 20021year, CICC Fortune realized an operating income of 6,526,543.8 million yuan, a year-on-year increase of 23.33%; The net profit attributable to wealth owners of CICC was 2.075 billion yuan, up 65.438+0.3.16% year-on-year.
During the reporting period, the year-on-year growth of CICC's financial performance was mainly due to the increase in the daily average trading volume of the 202 1 stock market compared with the same period of last year, and the increase in the daily average financing scale with the increase of customers' financing demand, resulting in the year-on-year growth of brokerage business and margin financing and securities lending business.
It is worth noting that the above-mentioned eye-catching "report card" is the first financial data disclosed by CICC Fortune since it independently launched its wealth management business in July 20021.
On the evening of 200211July 65438, CICC announced that it planned to transfer its domestic wealth management business to its wholly-owned subsidiary, China CICC Wealth, so as to further realize the business integration between the two parties. After the completion of business integration, CICC, as the parent company, carried out investment banking, stock business, fixed income business, asset management business and private equity investment business; As a subsidiary, CICC Wealth conducts wealth management business.
Since the independent development of wealth management business, CICC Fortune has not only achieved many phased results in wealth management business lines, but also always walked in the forefront of other securities firms.
It is reported that as of June last year 10, the assets held by CICC wealth buyers reached 66.6 billion yuan, while this figure was only 50 billion yuan at the end of the first half of last year.
At the same time, for high-net-worth customers, according to CICC wealth statistics, as of the first half of 2002/kloc-0, the assets of corporate wealth management customers were about 2.79 trillion yuan, up 8% year-on-year, of which the assets of high-net-worth individual customers were about 728.4 billion yuan, up 8% year-on-year; The number of products in the first half of the year exceeded 200 billion yuan.
It is understood that with the wealth management business gradually rising to the strategic level of various brokers, it has become a common practice in the industry to mark the wealth management quality of brokers with "wealth ratio". Even many institutions directly recommend buying brokerage stocks with high "wealth bearing rate", thinking that the main line of big wealth management has more room for valuation repair in the medium and long term.
In 20021year, although the overall performance of the brokerage sector was not brilliant, the brokers with strong wealth management business still came out of a strong independent market. According to the data of Choice, in addition to Caida Securities, which was newly listed during the year, the top three securities companies are GF Securities, orient securities and Industrial Securities, which are even recognized as the "Three Musketeers of Wealth Management" in the industry.
This year120,65438, stimulated by the interest rate cut by LPR, the brokerage sector once again ushered in a wave of market, in which Hualin Securities had a daily limit, Great Wall Securities, which was also regarded as "high financial yield", rose by 7.09%, and Guangfa Securities and orient securities both rose by more than 3%.
Gao Chao, an open-source non-bank analyst of securities, believes that the market risk appetite is expected to improve significantly after the confirmation of wide credit, and the growth attribute of the big financial management track enhances the beta elasticity. The current valuation has a margin of safety. After deducting the net assets of non-large wealth management business, the PE valuation corresponding to the profit of Dali Finance Bank is 19/ 15 times of 2026+0/2023, respectively. After the profit growth is determined, the valuation will be revised.
This article comes from the capital state.
Related Q&A: Is CICC's financial management reliable? Hello, it's my pleasure to answer your question! In the past five years, CICC's wealth has come from brokers. Brokers used to be brokers and investment banks, either taking advantage of customers or being forced by the bottleneck of brokerage business. Advantages: big brand and strong pull; As a veteran brokerage firm, CICC has good investment and research strength in the secondary market. Disadvantages: it is said that the management is a little confused now, depending on what team you join; In addition, most of the products sold are managed and opened by traders, and the products may all be related to CICC (self-hatched funds), and the objectivity may not be so good. Answer: 2021-12-20 is CICC's wealth management reliable? Hello, it's my pleasure to answer your question! In the past five years, CICC's wealth has come from brokers. Brokers used to be brokers and investment banks, either taking advantage of customers or being forced by the bottleneck of brokerage business. Advantages: big brand and strong pull; As a veteran brokerage firm, CICC has good investment and research strength in the secondary market. Disadvantages: it is said that the management is a little confused now, depending on what team you join; In addition, most of the products sold are managed and opened by traders there, and the products may all be related to CICC (self-hatched funds), and the objectivity may not be so good. Generally speaking, it is safe to put money in CICC wealth, and it should be guaranteed or very good. You can put it in a change account, so that people who pass by the bank can put the money into CICC wealth, and the interest may be higher than buying general wealth management.