Business operations developing steadily to seize market opportunities
HONG KONG, Aug. 31, 2023 /PRNewswire/ -- Shenwan Hongyuan Group Co., Ltd. ("Shenwan Hongyuan Group", "Shenwan Hongyuan" or the "Company") (stock code: 6806.HK; 000166.SZ) announced its interim results for the six months ended June 30, 2023 (the "Reporting Period").
During the Reporting Period, the Company achieved total revenue and other income of RMB17.451 billion, representing a year-on-year decrease of 5.86%. Net profit attributable to shareholders of the Company reached RMB3.748 billion, representing a year-on-year increase of 11.46%; basic earnings per share was RMB0.15, representing a year-on-year increase of 15.38%. A weighted average return on equity of 3.85% represented a 0.38 ppt increase compared with the same period last year. The Company's total assets amounted to RMB638.777 billion, representing an increase of 4.19% as compared with the end of 2022.
In the first half of 2023, as the economy and society resumed to normal operation, macro policies started to take effect, and the economy rebounded and developed steadily. Benefitting from opportunities brought by China's rapidly developing multi-level capital market, the securities industry gained remarkable development, and exhibited the characteristics of enhanced industry concentration and equal emphasis on asset-heavy and asset-light businesses. Shenwan Hongyuan Group fully leveraged the dual-structure advantages of "investment group + securities subsidiaries", adhered to steady operation, and achieved good results during the Reporting Period.
Business Highlights in the First Half of 2023
Overcame market favorables, with steady progress of equity financing and debt financing. With the full implementation of the equity issuance registration system reform in the first half of 2023 and continuous promotion of various policies to stabilize economic growth, the overall pace of equity business in the market was stable. During the Reporting Period, the Company's total underwriting scale was RMB13.110 billion for 19 enterprises, with a rapid increase in terms of ranking. The Company proactively promoted the strategy of "specialization, refinement, differentiation, innovation" and vigorously developed the inclusive finance business, to fully promote the development of SMEs. In the first half of 2023, the Company completed a total of 28 NEEQ listings and private placements, ranking second in the industry. In terms of the debt financing market, the market conditions improved after a moderate start. The Company's ranking in the industry remained stable in terms of the bond financing business, and its market influence was further improved. In addition, the Company actively implemented the requirements of serving national strategies, adhered to its main responsibilities, and expanded and designated projects for serving national strategies and featured businesses.
Strengthened customer acquisition and steady progress of personal finance business. With the continuous growth of residents' demand for wealth management, the Company improved the comprehensive service ability of investment consulting. By taking the digital transformation as an opportunity, the Company strengthened the intelligent application, actively transformed into the buyer investment advisory, and promoted the high-quality development of its brokerage business. Meanwhile, the Company further increased its fintech capabilities, promoted the construction of the system and platform, steadily operated the Big Winner APP, and dedicated to achieving the needs of customers and business development. In terms of futures business, the Company achieved an average daily customer equity of RMB13.772 billion, representing a year-on-year increase of 2.00%. The equity ratio of its juridical person reached 65%. It optimized and improved the risk management business model, strengthened the capabilities of serving the real economy and business added value. Shenwan Hongyuan Securities and Shenwan Hongyuan Securities (Western) also obtained the first batch of qualifications of margin financing and securities lending business of the Beijing Stock Exchange.
Promoted high-quality asset management business by leveraging the establishment of a subsidiary. The Company continued to improve its institutional customer service system, actively expanded the customer base, and accelerated the transformation from commission-based business to asset-side service. Aiming at improving the offline investment and research services, the Company continued to improve the comprehensive trading service ability of public offering, banking, insurance, private equity and other institutional customers, and built the full industry chain of institutional business. In terms of institutional business, the Company recorded revenue of RMB406 million from trading units leasing. There were 1,405 customers with a total scale of approximately RMB262.959 billion. The "SWHYMatrix" high-speed trading platform continued to improve its functions and optimize its performance, of which the product scale reached RMB21.508 billion.
Innovative development in three segments; continued to improve investment management business. During the Reporting Period, the Company continued to promote its R&D capabilities, launch professional products and build up all-round channel. The number of new products launched in the first half ranked top in the brokerage asset management industry, and the Company continued to issue derivatives products and actively promoted the high-quality development of the asset management business. The Company followed the trend of large-scale wealth management for its fund investment advisory business, with the per capita entrusted assets of stock customers reaching RMB57,700 and cumulative reinvestment rate reaching more than 75%. In terms of the private equity fund management business, the Company increased its efforts on project launch, continued to deploy high-quality assets, effectively served strategic clients, increased the size of its funds, and proactively supported technological self-improvement and industrial upgrade.
Looking ahead, the Company will take the reform of the registration-based IPO rules as an opportunity to actively promote business transformation, enhance the competitiveness of its capital-light business, steadily develop its capital-heavy business, and deepen its integrated financial service model of "research + investment + investment banking", based on its mission of providing financial services to the real economy, so as to closely integrate its main responsibilities with its main business, fully implement the new development concept, support and boost the development of the real economy, and effectively enhance the quality and effectiveness of its services to the national strategy.
About Shenwan Hongyuan Group
Shenwan Hongyuan Group Co., Ltd (Stock code: 6806.HK; 000166.SZ) is a leading investment holding group focused on the securities business in China and committed to providing diverse financial products and services to its clients. The Group has established a longstanding leading position across multiple business lines in the PRC securities industry with quality growth, including enterprise finance, personal finance, institutional services and trading, and investment management. In January 2015, Shenwan Hongyuan emerged from the merger between Shenyin & Wanguo Securities and Hong Yuan Securities which was the largest merger in the PRC securities industry at that time and listed on the Shenzhen Stock Exchange. In April 2019, Shewan Hongyuan issued H-shares and was successfully listed on the Hong Kong Stock Exchange.
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