On January 17th, CITIC Securities disclosed its 2024 performance preliminary report.
The announcement revealed that in 2024, this &#34;brokerage leader&#34; achieved an operating income of 63.789 billion yuan, a year-on-year increase of 6.19%; the net profit attributable to shareholders of the parent company was 21.704 billion yuan, a year-on-year increase of 10.06%; and the basic earnings per share were 1.41 yuan/share.
It can be seen that CITIC Securities made a net profit of over 20 billion yuan in the past year.
This figure is the highest net profit level for CITIC Securities since 2022 and the second highest annual net profit figure in history.
<h2>Second Highest in History!</h2>
According to Zhitang, the historical financial reports show that the annual net profit in this performance preliminary report has created the &#34;second best&#34; performance since CITIC Securities' IPO.
<img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/4e0aa5ba-f454-4c81-b583-b692cb1258d0.jpeg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/4e0aa5ba-f454-4c81-b583-b692cb1258d0.jpeg"/>
(As shown in the figure above) The latest net profit attributable to the parent company of 21.7 billion yuan is second only to the 23.1 billion yuan net profit attributable to the parent company in 2021, making it the second best performance in history.
Counting the historical performance, CITIC Securities has had three fiscal years with net profits attributable to the parent company exceeding 20 billion yuan, namely 2021 (the highest in history, recording 23.1 billion yuan), and 2022 (recording 21.32 billion yuan).
<h2>The Announcement &#34;Also Stated&#34;</h2>
CITIC Securities also stated in this performance preliminary report: In 2024, the company will continue to enhance the quality and efficiency of services to the real economy, accelerate the construction of a first-class investment bank and investment institution, prioritize &#34;functionality,&#34; solidly carry out the &#34;five major articles&#34; of finance, and provide high-quality services for new productive forces and residents' wealth management, with steady development across various businesses.
Among them, the statement on wealth management is very important, as it has been the core transformation direction for brokerage institutions in recent years.
In addition, CITIC Securities also stated in the announcement: The data in this performance preliminary report is preliminary accounting data and has not been audited by an accounting firm. The relevant data may differ from the data disclosed in the company's 2024 annual report, and the specific data shall be subject to the data disclosed in the 2024 annual report.
Zhitang further learned that CITIC Securities will officially announce the 2024 financial report on March 27, 2025

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Key numbers worth paying attention to

- On January 17, CITIC Securities disclosed its preliminary performance report for 2024, showing a revenue of 63.789 billion yuan, a 6.19% increase year-on-year, and a net profit of 21.704 billion yuan, up 10.06%.  
- This net profit marks the highest level since 2022 and the second highest annual profit in the company's history, following 2021's 23.1 billion yuan.  
- The report also emphasizes the company's commitment to enhancing services for the real economy and improving wealth management, with the final audited figures to be released on March 27, 2025.

Net profit exceeded 20 billion! The "brokerage king" achieved the second highest performance in history last year