HONG KONG, Aug 31, 2024 – (ACN Newswire) – – GF Securities Co., Ltd. (“GF Securities” or the “Firm”, along with its subsidiaries inside the scope of its consolidated monetary statements (‘subsidiaries’), the ‘Group’; HKSE: 1776; SZSE: 000776) introduced its interim outcomes for the six months ended 30 August 2024 (the ‘Reporting Interval’). In the course of the Reporting Interval, underneath the steering of the Board of Administrators, the administration of the Firm led all employees to hold out key work to give attention to enhancing core enterprise capabilities, cultivating new high quality competitiveness, bettering complete service capabilities and boosting useful resource allocation effectivity, because of which, the Firm’s working outcomes achieved steady growth with a complete income and different earnings of RMB17,136 million, and a web revenue attributable to house owners of the Firm of RMB4,362 million. As of 30 June, 2024, the Group’s whole asset amounted to RMB689,328 million, representing a rise of 1.05 % as in comparison with the top of 2023 ; and fairness attributable to house owners of the Firm amounted to RMB140,703 million, representing a rise of three.67% as in comparison with the top of 2023.
As one of many first batch of pilot complete administration brokerages chosen by the CSRC, GF Securities possesses licenses for a full vary of providers concerned in 4 enterprise segments, together with funding banking, wealth administration, buying and selling and establishment, and funding administration. The Group has successively arrange futures subsidiaries, public fund subsidiaries, personal fund subsidiaries, various funding subsidiaries and asset administration subsidiaries. With its distinctive worth idea and pragmatic entrepreneurial model, the Firm has constructed up a full-service chain with complete format and robust power. In respect of regional growth, the Firm based mostly in Guangdong and serves the entire nation, connecting domestically and internationally, forges a number one nationwide brokerage with a long-term imaginative and prescient and an open thoughts. In opposition to this backdrop, the Firm has maintained fundamental working indicators rating among the many high securities corporations in China for a lot of consecutive years, and established its main benefits in numerous key enterprise segments.
Wealth Administration Enterprise Continues to Lead underneath Ongoing and Deepening Transformation
The Firm has taken the lead in proposing wealth administration transformation and has at present been outfitted with wonderful monetary product analysis, gross sales capabilities {and professional} asset allocation capabilities. The Firm had greater than 4,400 securities funding advisors, rating No. 1 within the {industry} (when it comes to mum or dad firm caliber), striving to supply exact wealth administration providers to completely different shoppers.
Within the first half of 2024, the Firm centered on strengthening the development of funding analysis {and professional} funding & advisory service capabilities, persevering with to construct a differentiated product and repair provide system, and promote the transformation of wealth administration enterprise into an investor-oriented buy-side funding advisory enterprise to reinforce buyers’ sense of achieve. Within the home market, as of the top of June 2024, the overall stability of economic merchandise bought by the Firm on a fee foundation exceeded RMB220 billion, representing a rise of 4.00% as in comparison with the top of final 12 months whereas the gross sales quantity of economic merchandise on the Yitaojin E-commerce platform (together with Money Return and Taojin Market amounted to RMB116.918 billion. Within the abroad market, the Group additional diversified its product choices and continued to remodel into wealth administration with web gross sales earnings and stability of economic merchandise and commissions for multi-market transactions attaining a year-on-year progress. As well as, the market share (when it comes to buying and selling quantity and buying and selling quantity of futures) of GF Futures, the wholly-owned subsidiary of the Group, achieved year-on-year progress. GF Futures (Hong Kong) was awarded the Most Energetic Chinese language Commodity Futures Dealer of 2023 by the Singapore Alternate (OTC:).
On the finish of June 2024, the Firm had 356 branches and enterprise departments nationwide, with a presence in 31 provinces, municipalities, and autonomous areas throughout the PRC. The quantity and protection ratio of enterprise shops within the 9 cities of the Pearl River Delta within the Guangdong-Hong Kong-Macao Higher Bay Space ranked No. 1 within the {industry}, offering a variety of market attain for the Firm’s enterprise and laying necessary help for buyer accumulation and repair.
Steady Growth of Insitutional Enterprise with Excellent Analysis Capabilies Empowerment
The Firm actively seizes the alternatives of reform on the funding, financing and buying and selling, provides full play to the position of analysis in empowering and selling the Firm’s core enterprise, integrates assets to supply complete options for institutional prospects, improves institutional customer support capabilities and institutional customer support methods, and continues to increase institutional enterprise.
Within the first half of 2024, the market-making enterprise of the Firm continued to be within the first echelon of the market, offering market-making providers for greater than 700 funds and all ETF choices of the SSE (LON:) and SZSE, and market-making providers for CSI 300 inventory index choices and CSI 1000 inventory index choices of the China Monetary Futures Alternate. The Firm issued 44,559 personal fairness merchandise by means of the China Securities Inter-agency Citation System and OTC market, with a complete quantity of RMB338.330 billion. The Firm turned the lead market maker for inventory index choices of the China Monetary Futures Alternate, and was granted the SSE’s 2023 Inventory Choice Market Growth Contribution Award (Excellent Choice Market Maker Award and Contribution to New Choice Varieties Award), the SZSE’s 2023 Excellent ETF Liquidity Supplier Award and Excellent Choice Market Maker Award, and the CFFEX’s 2023 Excellent Inventory Index Choice Market Maker Award (Bronze Award). As the top of June 2024, the Firm supplied market-making providers to 47 NEEQ enterprises whereas its bond market-making enterprise created the ‘GF Securities Pearl River Delta ESG Sustainable Growth Native Debt Basket to assist market establishments actively take part within the inexperienced financial system building and sustainable growth within the Pearl River Delta by means of portfolio funding.
On the identical time, as a major vendor of OTC derivatives enterprise with skilled benefits in derivatives pricing and buying and selling, the Firm continued to strengthen the development of staff and system, enhanced product creation, technique innovation and buying and selling and gross sales capabilities, and diversified and expanded its product system, varieties of underlying merchandise and income construction, in order to constantly present institutional prospects with asset allocation and threat administration options by means of OTC derivatives.
The Group continued to advertise the research-driven enterprise mannequin and gave full play to the empowerment and promotion impact of analysis on the Firm’s core enterprise. As of the top of June 2024, the Group’s fairness analysis coated 28 industries and 993 A-share listed corporations in mainland China, and 154 Hong Kong and abroad listed corporations. The Firm achieved analysis outcomes based mostly on digital means similar to GF analysis portal and mini packages, continued to discover within the course of intelligence, and strived to construct a multiplatform, multi-channel and multi-dimensional customer support system. In the course of the Reporting Interval, the commercial analysis institute of the Firm continued to construct an ecosystem of manufacturing, studying, analysis, funding and monetary integration, empowered the event of varied enterprise segments, supplied analysis help for coverage formulation and industrial planning of presidency departments, and explored the institution of commercial incubation and transformation cooperation mechanism with key scientific analysis universities to play a task as a bridge of technology-finance-industry.
The excellent analysis capability of the Firm enjoys a excessive fame within the {industry} and obtained quite a few honors. The Firm has obtained the New Fortune Home Greatest Analysis Groups and the New Fortune Most Influential Analysis Establishment for consecutive years from 2017 to 2023, and Prime 5 Golden Bull Analysis Establishment award by China Securities Business Analyst Golden Bull Award for consecutive years. In the meantime, it ranked within the forefront within the number of Promote-side Analyst Crystal Ball (NYSE:) Award , Greatest Analyst of Shanghai Securities Information, the Golden Kirin Greatest Analyst of Sina (BitStamp:) Finance and the Gold Analysts of the twenty first Century .
Steady Enchancment of Funding Banking Enterprise with Excellent Functionalities
Guided by buyer demand, the Firm has constructed an funding banking service system with a full enterprise chain all through the life cycle. In the course of the Reporting Interval, the Firm actively applied the nationwide methods and regulatory insurance policies by adhering to the elemental objective of serving the actual financial system with finance and giving precedence to performance; centered on serving the event of latest productive forces and nationwide strategic rising industries by deeply exploring ‘specialised, refined, distinctive and modern’ enterprises and successfully fulfilled its duty as a ‘gatekeeper’ within the capital market.
In respect of home fairness financing, as of the top of June 2024, the Firm sponsored 43 corporations listed on the NEEQ because the lead brokerage, of which 76.74% had been ‘specialised, refined, distinctive and modern’ enterprises. In respect of abroad fairness financing, the Firm accomplished two Hong Kong IPO initiatives together with one IPO challenge as a sponsor with a problem measurement of HK$1.046 billion, rating third out there; accomplished two refinancing initiatives with an underwritten quantity of HK$4.881 billion; and its fairness financing enterprise in Hong Kong ranked third amongst Chinese language-based securities corporations when it comes to the overall issuance measurement of IPOs and refinancing initiatives equally distributed amongst all underwriters, based on the statistics of Dealogic.
In respect of bond and financing enterprise, the Firm hooked up nice significance to serving nationwide methods and facilitated technological innovation enterprises to develop new productive forces; steadily enhanced its market place by means of leveraging the Group’s synergistic benefits, persistently increasing key areas, strengthening inside evaluation mechanism and different measures, on the premise of a strict management of enterprise growth threat; and actively practices ESG to advertise the inexperienced and lowcarbon growth by means of bond and financing enterprise. In the course of the Reporting Interval, the Firm acted because the lead underwriter for 293 tranches of bonds, representing a year-on-year enhance of 70.35%, with a lead underwritten quantity of RMB152.428 billion, representing a year-on-year enhance of 64.63%; acted because the lead underwriter for 52 tranches of varied science and expertise innovation bonds with an underwritten quantity of RMB19.128 billion; and acted because the lead underwriter for 4 tranches of varied low-carbon transformation and inexperienced bonds with an underwritten quantity of RMB1.088 billion. In respect of Chinese language offshore bond enterprise, 33 bonds had been issued with an underwritten quantity of US$5.617 billion.
In respect of economic advisory enterprise, centered across the steering of nationwide industrial insurance policies, monetary insurance policies and regional growth insurance policies, the Firm practiced the enterprise mannequin of ‘One Guangfa’ by holding a discussion board on merger and acquisition of latest productive forces and constructing a merger and acquisition enterprise ecosystem to supply prospects with multi-level and all-round complete providers, selling the orderly circulation of belongings and capital. In the course of the Reporting Interval, the Firm accomplished two initiatives in main asset restructuring and monetary advisory enterprise that had {industry} and regional affect, involving a complete transaction quantity of roughly RMB12.851 billion; and accomplished one abroad fairness transaction, involving a transaction quantity of roughly HK$1.098 billion. Two transactions through which the Firm acted as purchaser’s monetary advisor had been awarded the 2023-2024 Prime Ten Home M&A Golden Whistle Award.
Sooner or later, GF Securities will constantly decide to its company values of ‘inquisitiveness and integrity’ and carry ahead its wonderful cultural genes of an ‘military of docs’, with information because the assure and professionalism because the cornerstone, proceed to deepen and consolidate the Firm ‘s excellent location benefit within the Guangdong-Hong Kong-Macao Higher Bay Space and different locations, deploy long-term methods to effectively develop enterprise with increased normal, speed up high-quality growth and contribute to serving the actual financial system.
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