Security firm performance rankings announced
In the ranking of securities company member operating performance, CICC and CITIC Securities ranked first and second in net profit with absolute advantage.
In 2005, the profits of securities companies were obviously concentrated in a few large securities companies. Statistics show that the top 20 securities companies achieved a total net profit of 1.635 billion yuan, while CICC and CITIC Securities achieved net profits of 456 million yuan and 400 million yuan respectively, accounting for 52% of the total. GF Securities, Bohai Securities, and Hongta Securities ranked third to fifth respectively.
From the perspective of asset size and brokerage business rankings, some large established securities firms still have certain advantages. The total assets of Guotai Junan, China Galaxy, Shenyin & Wanguo, and Haitong Securities at the end of 2005 reached 19.7 billion yuan, 17.6 billion yuan, 14.3 billion yuan, and 13.4 billion yuan respectively, ranking among the top four. The total stock fund transactions of these four securities firms that year were It also happens to occupy the top four brokerages.
As the core indicator of securities industry supervision, net capital scale will determine the upper limit of various businesses of securities firms in the future. The ranking shows that in 2005, the top five net capitals were CITIC Securities, Haitong Securities, Everbright Securities, Huatai Securities and Guotai Junan, with net capital of 4.089 billion yuan, 2.533 billion yuan, 2.208 billion yuan, 2.124 billion yuan and 2.054 billion yuan respectively. .
What's the explanation?