Huatai Securities (601688) H2 2024 earnings summary

Executive summary

• Achieved record-high operating revenue of RMB54.285 billion and net profit attributable to shareholders of RMB15.351 billion for 2024, with basic EPS of RMB1.62, reflecting robust growth and industry leadership.

• Total assets reached RMB814.27 billion and net assets RMB191.894 billion, with improved returns on both total and net assets year-over-year.

• Maintained a strong focus on shareholder returns, with cumulative dividend payouts of RMB38.22 billion since A-share listing and a proposed annual dividend of RMB4.694 billion for 2024.

Financial highlights

• Operating revenue increased to RMB54.285 billion, up from RMB52.26 billion in 2023.

• Net profit attributable to shareholders rose to RMB15.351 billion from RMB12.751 billion year-over-year.

• Return on total assets improved to 1.8% and return on net assets to 9.2% in 2024.

• Business and management expense ratio decreased from 46.7% to 42.0% year-over-year.

• Liquidity coverage ratio and net stable funding ratio remained robust at 221.41% and 150.36%, respectively.

Outlook and guidance

• Committed to deepening international layout and strengthening global value chain competitiveness.

• Focus on leveraging integrated services, digital finance, and AI technology to drive future growth and international empowerment.