• Search it
  • Search content
  • Search the author
  • Search topic
Popular:China Aviation Panthers North China Express it BOE A it
Financial comment on it
Published in 2017-10-18 07:03:40 shares it online version
In the case ofReport
                        Listed brokerage performance of the first three quarters released: Which is the most profitable? How to layout
Source: China Securities Journal Editor: Oriental Fortune Network

K Figure 601688_1

Figure 601211_1

  Click to view >>>September brokerage performance monthly report Brokerage plate market Capital flows

On the evening of October 16, Shanghai and Shenzhen 29 listed securities broker in September monthly report has been released, which received the first three quarters of the major securities companies operating performance. Eastern wealth Choice statistics show that the first three quarters, Guotai Junan to 14.423 billion yuan in revenue topped the list, while Huatai Securities to 6.902 billion yuan of net profit to become the first three quarters of the most profitable listed brokerage.

  Listed brokerage in the first three quarters of performance ranking released

Junjun revenue top, Huatai net profit the first prize

Oriental wealth Choice statistics show that the listed securities brokerage in the first three quarters of the cumulative operating income of 145.69 billion yuan, the cumulative net profit of 60.561 billion yuan.

However, in the 25 comparable brokerage, only seven securities companies operating income year on year growth, net profit has improved only four. It can be seen that large and medium-sized brokerage firms as the main listed securities companies in the first three quarters of this year's performance is not optimistic.

  2017 listed brokerage in the first three quarters of the cumulative top ten revenue

Source: Eastern Fortune Choice data

Specifically, the first three quarters of total operating income, Guotai Junan, CITIC Securities, Huatai Securities and GF Securities were ranked the top four, the cumulative revenue exceeded 10 billion yuan, of which Huatai Securities grew 19.92% over last year. Another six brokerage business income in the first three quarters of more than 5 billion yuan, namely, Hai Tong Securities, China Merchants Securities, Guoxin Securities, Shen Wanhong source, China Galaxy and Orient Securities.

  The first three quarters of the cumulative revenue growth of listed brokerage

Source: Eastern Fortune Choice data

Revenue increased by the largest year of the Orient Securities, the growth rate of about 46.03%, Shanxi securities revenue year on year increase of 18.41%. Growth rate.

  The first three quarters of the cumulative decline in revenue part of the listed brokerage

Source: Eastern Fortune Choice data

Revenue decline is more obvious four brokerage firms, the decline is more than 25%, namely, Guhai Securities, Southwest Securities, Northeast Securities, Founder Securities.

  2017 listed brokerage in the first three quarters of the cumulative net profit of the top ten

Source: Eastern Fortune Choice data

Accumulated net profit, Huatai Securities to 6.902 billion yuan results in the first place, and net profit rose 48.02% year on year. Guotai Junan and CITIC Securities ranked second, third, the first three quarters of net profit reached 6.578 billion yuan and 5.722 billion yuan, Haitong Securities and GF Securities followed.

  It should be emphasized that the financial data disclosed by the A-share listed securities companies are the total value of the parent company and the domestic holding securities subsidiaries, without auditing, not in the strict sense of the consolidated statement data, the final results of the listed broker in the third quarter of 2017 Please also use the three quarterly disclosure.

  Listed brokerage three quarterly prospecting

Is expected to usher in the profit margin margin improvement

  Day wind securities analyst Lu Yunting that the third quarter of the market environment is more favorable to the broker.

In terms of turnover, from July to September monthly increase in the third quarter, the average daily turnover of the two cities reached 506.6 billion yuan, in September is reached 545.5 billion yuan, up slightly in the second quarter of 2016 1.4%, the second quarter of 2017 18.34%.

In margin margin, the third quarter net increase of 90 billion yuan, the end of the quarter balance of 965.7 billion yuan, much higher than the 2016 third quarter of 20.3 billion yuan and 866.6 billion yuan.

In the bond financing, benefiting from the rapid rise in bond yields after the stabilization of credit debt issuance increased significantly. To corporate bonds, for example, 2017 third quarter issue reached 426.7 billion yuan, higher than the first half of the sum of 4106 million yuan, coupled with the IPO to maintain a stable pace, brokerage investment banking business performance is better.

In terms of policy, the third quarter to continue to relax stock index futures, if the future flat warehouse transaction fee liberalization, the brokerage derivatives gains are expected to benefit. Stock pledge usher in strong supervision, but the market concentration of the promotion is conducive to listed brokerage.

Lu Yunting said that from the tracking of monthly financial data, the third quarter listed brokerage, the overall revenue of 52.7 billion yuan, up 9%, an increase of 6%; net profit of 21.2 billion yuan, up 12%.Is expected in the third quarter listed brokerage performance is expected to usher in the profit margin of the marginal improvement of the business structure of the balance of the larger brokerage more competitive.

Sub-broker to see, Chuan Finance Securities analyst Yang Youwen that the third quarter, the performance of brokerage increasingly obvious differentiation, income structure diversification, cost control better brokerage performance growth, leading broker presented strong strong momentum.The fourth quarter of the market risk appetite is expected to further enhance the performance of brokerage full year performance decline.

Shen Honghong analyst Wang Congyun is expected in the third quarter, 25 comparable brokerage firms (parent company and investment bank, capital subsidiary) net profit fell 8%, growth of 9%, the first three quarters of total net profit fell 10% Other subsidiaries of the consolidated statements of the performance, compared with the listed brokerage total home net profit is expected to decrease by 6%.

Wang Congyun pointed out that the SFC insisted on steady progress in the work of the tone, to achieve a stable operation of the capital market environment,Is expected to listed brokerage third quarter results improved, down year on year decline, the annual results continued to improve.

Looking forward to the full year, GF Securities analyst Chen Fu that,Listed brokerage performance in the fourth quarter will benefit from the continued good market environment and the impact of low base, the annual results are expected to achieve positive growth.

  Fourth quarter brokerage plate how to layout?

Guangzhou law firm equity fund management company general manager Liu Weijie that the future growth of brokerage is integrated financial services, such as the new three board listing services, three board to the motherboard and other financial innovation services. But in the financial data reflects the slow return of the process, the number of IPO companies continue to increase in the number of cases, after the IPO business, brokerage business services are not suspended, including issuance, bond issuance and other business will continue to bring profits for the broker The

For the secondary market layout, Liu Weijie said, brokerage stocks "snail" attribute is very obvious, price stability than insurance, banking and other financial blue chips to be high, soThe layout of the brokerage unit to maintain patience, brokerage plate position control does not exist "fear of high disease."

Beijing Bao Ruixing Investment Co., Ltd. Investment Director Tan Yu Li said that the brokerage revenue structure is changing. In the brokerage business, intermediary business income, brokerage profits did not decline significantly, IPO business profits rose slightly, two financial business lucrative. But in the issuance of bonds, stock issuance, capital and other channel business scale declined, on the whole,Large and medium-sized brokerage fundamentals there is no possibility of qualitative change.

For the fourth quarter of the layout of the brokerage sector, Tan Yuli is expected, some institutions for the fourth quarter earnings considerations, more likely to layout insurance, monetary funds and other plates. Brokers as blue chips, the agency will be the layout of the market sentiment in the fourth quarter to maintain a moderate probability of the situation, will not significantly lighten up, but will be appropriate to adjust the position for the third quarter of the distribution of good performance of high-quality listed companies.

But also institutions expressed different views, the son of wealth investment director Ren Xiaorui that although the brokerage commission rate is declining, but the stock options, IPO and other business contributed more profits, the fourth quarter of the overall brokerage financial data should be flat or slightly decline.

At the same time, Ren Xiaowui further said that the differentiation of brokerage performance may intensify, "strong Hengqiang, weak micro" pattern will gradually form.The current market sentiment in a warm atmosphere, there are research shows that many private positions are at high water level, the fourth quarter of the brokerage market need not be too pessimistic.


  Series of reports >>>

  Two brokerage in the first three quarters of net profit of over 6.5 billion Huatai Securities is expected to win

  The third quarter of the brokerage investment banking business high-growth bond underwriting accounted for Bacheng

  Listed brokerage income structure quietly before the September "ring tide" from

  Institutions optimistic >>>

  Performance improvement institutions optimistic about the brokerage market outlook

Posted at 2017-10-18 07:16:59
I wish you a new day to invest smoothly
Posted at 2017-10-18 07:20:18
Today you rose to believe you! Otherwise it is good for shipping. Is not good or fart!
Posted at 2017-10-18 07:21:34
Loss of the mouth to dare not go home
Posted at 2017-10-18 07:21:49
Can we comment on how many retail investors earn money in the past two years?
Posted at 2017-10-18 07:23:21
Blind ... make money is not necessarily up ... lose money tickets may be the same as the rocket fly ... this is a stock characteristics ...
Posted at 2017-10-18 07:25:10
Today, brokers have to support the market
Posted at 2017-10-18 07:26:27
Study a jb, Great Wall Securities!
Published at 2017-10-18 07:27:01
Brokers sing more shares, you can rest assured that the sale.
Posted at 2017-10-18 07:28:09
Income is reduced? Why? Retail money was lap run, no money to play, you are pick up the goods
Posted at 2017-10-18 07:35:22
The national team to make money to the main
Posted at 2017-10-18 07:35:58
No wonder the national team plus Huatai, early inside Oh!
Posted at 2017-10-18 07:36:29
Today may be able to pull, but can not continue. Who up to stop who can only play one day market
Posted at 2017-10-18 07:39:00
Published at 2017-10-18 07:27:01
Brokers sing more shares, you can rest assured that the sale.
Understand people, has always been so.
Posted at 2017-10-18 07:41:24
If there is no IPO intermediary this year should be very bad.
Posted at 2017-10-18 07:41:41
Said the national team to make money? The Why do not you discuss the retail money? The
Posted at 2017-10-18 07:42:30
Broker or make money than the retail strong, retail flesh, brokers every day kind of leek!
Posted at 2017-10-18 07:46:59
The broker does not exist fear of heights, all his mother lying on the floor, but also fear of high people really dumbfounding!
Posted at 2017-10-18 07:49:55
Today continue to pay attention to 3360-3385 ​​space shock, wet storage who can bargain to participate in T +0, strict implementation of the operation of discipline! Once the 3360 fall, down in order to complete the cover of the left gap 3357-3331.91 is a large probability. Patiently waiting for the appropriate amount of 3320 near the goods jiacang.
Posted at 2017-10-18 07:51:52
603727 is expected to pay attention to high transfer
Posted at 2017-10-18 07:52:26
Chinese brokerage firms should learn from the introduction of foreign aid? Will make money?
Posted at 2017-10-18 07:52:27
Huatai Securities hit the new how old is not
Posted at 2017-10-18 08:06:46
Volume of high growth of the era will no longer have, the staff can not move on the million but what services do not have to do more than 100,000 years into the era of less
Published at 2017-10-18 08:11:29
I hope the broker can force, breaking 34OO points made a contribution!
Posted at 2017-10-18 08:12:11
Today pulled up faster
Published at 2017-10-18 08:14:14
Bear market to buy brokerage, funny it?
Posted at 2017-10-18 08:18:55
And then how can make money that day before the hair of the performance, yesterday or still give you down, even if you earn a million a month, no one to buy your stock,
Posted at 2017-10-18 08:20:22
Down into what!
Posted at 2017-10-18 08:22:30
Financial industry if the big reform, the bank can operate securities and insurance, the broker and insurance companies are extremely bad!
Posted at 2017-10-18 08:22:35
Are all rubbish
Posted at 2017-10-18 08:23:33
I only know that the first venture is a leader, no other use
Comment on the topicPosts are gone! How to do?
Author: You will not be publishedlog in |5 seconds to register Author:, Welcome messagedrop out |Published new theme
                Tip: the user published in the community all the information, statements, etc. only represent the personal point of view, and this site has nothing to do, do not constitute any investment advice to you. Users should be based on their own independent judgments, to determine their own securities investment and bear the corresponding risks."Thread review self-discipline management commitment"
Source: China Securities Journal Editor: Oriental Fortune Network

K Figure 601688_1

Figure 601211_1

  Click to view >>>September brokerage performance monthly report Brokerage plate market Capital flows

On the evening of October 16, Shanghai and Shenzhen 29 listed securities broker in September monthly report has been released, which received the first three quarters of the major securities companies operating performance. Eastern wealth Choice statistics show that the first three quarters, Guotai Junan to 14.423 billion yuan in revenue topped the list, while Huatai Securities to 6.902 billion yuan of net profit to become the first three quarters of the most profitable listed brokerage.

  Listed brokerage in the first three quarters of performance ranking released

Junjun revenue top, Huatai net profit the first prize

Oriental wealth Choice statistics show that the listed securities brokerage in the first three quarters of the cumulative operating income of 145.69 billion yuan, the cumulative net profit of 60.561 billion yuan.

However, in the 25 comparable brokerage, only seven securities companies operating income year on year growth, net profit has improved only four. It can be seen that large and medium-sized brokerage firms as the main listed securities companies in the first three quarters of this year's performance is not optimistic.

  2017 listed brokerage in the first three quarters of the cumulative top ten revenue

Source: Eastern Fortune Choice data

Specifically, the first three quarters of total operating income, Guotai Junan, CITIC Securities, Huatai Securities and GF Securities were ranked the top four, the cumulative revenue exceeded 10 billion yuan, of which Huatai Securities grew 19.92% over last year. Another six brokerage business income in the first three quarters of more than 5 billion yuan, namely, Hai Tong Securities, China Merchants Securities, Guoxin Securities, Shen Wanhong source, China Galaxy and Orient Securities.

  The first three quarters of the cumulative revenue growth of listed brokerage

Source: Eastern Fortune Choice data

Revenue increased by the largest year of the Orient Securities, the growth rate of about 46.03%, Shanxi securities revenue year on year increase of 18.41%. Growth rate.

  The first three quarters of the cumulative decline in revenue part of the listed brokerage

Source: Eastern Fortune Choice data

Revenue decline is more obvious four brokerage firms, the decline is more than 25%, namely, Guhai Securities, Southwest Securities, Northeast Securities, Founder Securities.

  2017 listed brokerage in the first three quarters of the cumulative net profit of the top ten

Source: Eastern Fortune Choice data

Accumulated net profit, Huatai Securities to 6.902 billion yuan results in the first place, and net profit rose 48.02% year on year. Guotai Junan and CITIC Securities ranked second, third, the first three quarters of net profit reached 6.578 billion yuan and 5.722 billion yuan, Haitong Securities and GF Securities followed.

  It should be emphasized that the financial data disclosed by the A-share listed securities companies are the total value of the parent company and the domestic holding securities subsidiaries, without auditing, not in the strict sense of the consolidated statement data, the final results of the listed broker in the third quarter of 2017 Please also use the three quarterly disclosure.

  Listed brokerage three quarterly prospecting

Is expected to usher in the profit margin margin improvement

  Day wind securities analyst Lu Yunting that the third quarter of the market environment is more favorable to the broker.

In terms of turnover, from July to September monthly increase in the third quarter, the average daily turnover of the two cities reached 506.6 billion yuan, in September is reached 545.5 billion yuan, up slightly in the second quarter of 2016 1.4%, the second quarter of 2017 18.34%.

In margin margin, the third quarter net increase of 90 billion yuan, the end of the quarter balance of 965.7 billion yuan, much higher than the 2016 third quarter of 20.3 billion yuan and 866.6 billion yuan.

In the bond financing, benefiting from the rapid rise in bond yields after the stabilization of credit debt issuance increased significantly. To corporate bonds, for example, 2017 third quarter issue reached 426.7 billion yuan, higher than the first half of the sum of 4106 million yuan, coupled with the IPO to maintain a stable pace, brokerage investment banking business performance is better.

In terms of policy, the third quarter to continue to relax stock index futures, if the future flat warehouse transaction fee liberalization, the brokerage derivatives gains are expected to benefit. Stock pledge usher in strong supervision, but the market concentration of the promotion is conducive to listed brokerage.

Lu Yunting said that from the tracking of monthly financial data, the third quarter listed brokerage, the overall revenue of 52.7 billion yuan, up 9%, an increase of 6%; net profit of 21.2 billion yuan, up 12%.Is expected in the third quarter listed brokerage performance is expected to usher in the profit margin of the marginal improvement of the business structure of the balance of the larger brokerage more competitive.

Sub-broker to see, Chuan Finance Securities analyst Yang Youwen that the third quarter, the performance of brokerage increasingly obvious differentiation, income structure diversification, cost control better brokerage performance growth, leading broker presented strong strong momentum.The fourth quarter of the market risk appetite is expected to further enhance the performance of brokerage full year performance decline.

Shen Honghong analyst Wang Congyun is expected in the third quarter, 25 comparable brokerage firms (parent company and investment bank, capital subsidiary) net profit fell 8%, growth of 9%, the first three quarters of total net profit fell 10% Other subsidiaries of the consolidated statements of the performance, compared with the listed brokerage total home net profit is expected to decrease by 6%.

Wang Congyun pointed out that the SFC insisted on steady progress in the work of the tone, to achieve a stable operation of the capital market environment,Is expected to listed brokerage third quarter results improved, down year on year decline, the annual results continued to improve.

Looking forward to the full year, GF Securities analyst Chen Fu that,Listed brokerage performance in the fourth quarter will benefit from the continued good market environment and the impact of low base, the annual results are expected to achieve positive growth.

  Fourth quarter brokerage plate how to layout?

Guangzhou law firm equity fund management company general manager Liu Weijie that the future growth of brokerage is integrated financial services, such as the new three board listing services, three board to the motherboard and other financial innovation services. But in the financial data reflects the slow return of the process, the number of IPO companies continue to increase in the number of cases, after the IPO business, brokerage business services are not suspended, including issuance, bond issuance and other business will continue to bring profits for the broker The

For the secondary market layout, Liu Weijie said, brokerage stocks "snail" attribute is very obvious, price stability than insurance, banking and other financial blue chips to be high, soThe layout of the brokerage unit to maintain patience, brokerage plate position control does not exist "fear of high disease."

Beijing Bao Ruixing Investment Co., Ltd. Investment Director Tan Yu Li said that the brokerage revenue structure is changing. In the brokerage business, intermediary business income, brokerage profits did not decline significantly, IPO business profits rose slightly, two financial business lucrative. But in the issuance of bonds, stock issuance, capital and other channel business scale declined, on the whole,Large and medium-sized brokerage fundamentals there is no possibility of qualitative change.

For the fourth quarter of the layout of the brokerage sector, Tan Yuli is expected, some institutions for the fourth quarter earnings considerations, more likely to layout insurance, monetary funds and other plates. Brokers as blue chips, the agency will be the layout of the market sentiment in the fourth quarter to maintain a moderate probability of the situation, will not significantly lighten up, but will be appropriate to adjust the position for the third quarter of the distribution of good performance of high-quality listed companies.

But also institutions expressed different views, the son of wealth investment director Ren Xiaorui that although the brokerage commission rate is declining, but the stock options, IPO and other business contributed more profits, the fourth quarter of the overall brokerage financial data should be flat or slightly decline.

At the same time, Ren Xiaowui further said that the differentiation of brokerage performance may intensify, "strong Hengqiang, weak micro" pattern will gradually form.The current market sentiment in a warm atmosphere, there are research shows that many private positions are at high water level, the fourth quarter of the brokerage market need not be too pessimistic.


  Series of reports >>>

  Two brokerage in the first three quarters of net profit of over 6.5 billion Huatai Securities is expected to win

  The third quarter of the brokerage investment banking business high-growth bond underwriting accounted for Bacheng

  Listed brokerage income structure quietly before the September "ring tide" from

  Institutions optimistic >>>

  Performance improvement institutions optimistic about the brokerage market outlook