Listed Brokerage August Net Profit Dive 65%&Nbsp; Market Downturn Dragged Down Performance

No brokerage business, no foundation. Self-support Earnings support, the performance of listed securities companies in August.

In September 8th, all 17 Listed brokerages were released in August. Data show that the total number of listed brokerages in August reached 2 billion 814 million yuan, down 26.37% year-on-year. Net profit of 586 million yuan, down 65.38% compared to the same period.

If we remove the impact of the 6.23,0.00,0.00% and 14.19,0.00,0.00% of the newly registered A share market in August, the net profit of listed brokerages will go deeper, reaching 67.89%.

"The market environment is bad in August, and the shrinkage of broking business and proprietary business should be the main reason for the decline in the performance of securities companies." In September 8th, Xie Peijie, an analyst at Zhongyuan securities, told reporters.

market Sluggish Drag on Performance

Data show that in the 17 Listed brokerages' performance in August, the net profit of 11 listed brokerages decreased month by month. Northeast Securities (18.01,0.00,0.00%), Southwest Securities (11.15,0.00,0.00%), Pacific (7.62,0.00,0.00%) securities and state Sea Securities appeared the same month losses.

From the perspective of various businesses, the reasons for dragging down performance are more on the low market trend.

In August, the A share market was low. Shanghai The composite index closed at 2567.34 at the end of the month and fell 4.97% in the whole month. The Shanghai and Shenzhen 300 (2756.105,0.00,0.00%) index closed 2846.78 points, down 4.22% in the month.

In a sluggish market environment, shrinking volume is inevitable. Data show that in August, the Shanghai and Shenzhen two cities A shares traded down to 159 billion 739 million yuan. Affected by this, brokers' brokerage business has declined significantly, and the overall profit level has shrunk.

In addition, the performance of brokerage firms in August was basically unchanged from the previous month. In the same month, the A share market raised a total of 64 billion 506 million yuan, ranking the fifth place since the beginning of this year. Among them, the number of starting companies is 23, the initial raising fund is 27 billion 654 million yuan, and the initial issuance cost is 1 billion 498 million yuan. 14 additional houses were raised and 36 billion 852 million yuan was raised.

However, although the overall performance has declined, the net profit of 4 companies such as 11.78,0.00,0.00%, 14.69,0.00,0.00%, 11.44,0.00,0.00% and Shanxi securities has risen year on year.

Among them, Shanxi securities also achieved a substantial increase in net profit, and realized net profit of 22 million 62 thousand and 200 yuan in that month, an increase of 21 times compared with 1 million 48 thousand and 700 yuan in July.

Judging from the announcement, Shanxi securities's performance growth mainly came from the contribution of Sino German securities. In the same month, Sino German securities achieved operating income of 18 million 230 thousand and 800 yuan and net profit of 3 million 706 thousand and 100 yuan. Prior to that, Sino German securities had been losing for 7 months, and the loss in July was 11 million 163 thousand and 600 yuan.

However, as a subsidiary of the main investment banking company, Sino German securities did not underwrite the project in August. Since this year, Sino German securities has only done a single IPO project of 24.49,0.00,0.00%, and has also made an additional project and 4 bond underwriting projects. But it was before July.

"It may be the income of the financial adviser, or the business income of the previous month is included in this month." Xie Peijie thinks.

CITIC net profit shrank by 90%

In the securities companies whose performance has shrunk, CITIC Securities (11.91,0.00,0.00%) has fallen sharply with net profit of 92.20%.

According to the announcement, CITIC Securities (parent company, CITIC Tong, CITIC Tong Tong data) achieved operating income of 393 million yuan in August, down 66.48% in the annulus ratio, and realized a net profit of 63 million 660 thousand yuan, a decrease of 92.20% in the annulus ratio.

"The decline of CITIC Securities's performance in August is partly due to the bad environment of brokers and self-employed businesses, and on the other hand, the high base of earnings generated by direct investment in the early stage is also a reason." Xie Peijie thinks.

In fact, this year, direct investment and other innovative businesses have become the main driving force for the growth of CITIC Securities. Innovative businesses such as margin trading, direct investment, asset management, stock index futures and derivatives investment achieved 1 billion 900 million yuan in the first half of the year, accounting for 25% of revenue.

After the outbreak of performance, the performance of CITIC Securities in May and August may also be an empty period after the direct investment proceeds. Xie Peijie said.

Among the 17 Listed brokerages, Northeast Securities ranked the last in terms of 54 million 71 thousand loss. Notice shows that the Northeast Securities business income -184.91 million yuan, a decrease of 102.28%.

This is the third monthly loss of Northeast Securities this year. Prior to January and May, northeastern securities lost 23 million 690 thousand yuan and 69 million 602 thousand yuan respectively.

In fact, in the 17 listed securities companies of A shares, the performance of Northeast Securities is the most volatile. Net profit has fluctuated above 100% in 5 months this year.

Such a strong performance volatility is largely due to the relatively simple business structure of the company.