HUATAI SECURITIES CO., LTD. 2022 Interim Results Presentation
August 2022
(A joint stock company incorporated in the PRC with limited liability
under the Chinese corporate name 华泰证券股份有限公司 and
carrying on business in Hong Kong as HTSC)
Agenda
2 | Company overview |
1 | |
2 Financial overview
2 | Business overview |
3 | |
2 | Development strategy |
4 | |
1
Agenda
Company overview
Financial overview
Business overview
Development strategy
2
Market Environment
Amidst new economic challenges arising from the complicated global situation and the lingering fallout of COVID-19 in 1H22, A- share market has showed resilience despite major fluctuations and witnessed expanding mutual fund scale. The steady implementation of registration-based reform propelled direct financing growth
Margin financing and securities lending | ||||||||||||||||||||||||||||||||||||||
Indices performance in key markets1 | Stock trading volume | |||||||||||||||||||||||||||||||||||||
(MFSL) balance | ||||||||||||||||||||||||||||||||||||||
(RMBbn) | (RMBbn) | |||||||||||||||||||||||||||||||||||||
Shanghai Composite Index | Shenzhen Composite Index | |||||||||||||||||||||||||||||||||||||
Hang Seng Index | FTSE 100 | Margin financing | Securities lending | |||||||||||||||||||||||||||||||||||
S&P 500 | 2,000 | |||||||||||||||||||||||||||||||||||||
8,000 | 1,800 | High: 1,739 | 1,800 | 180 | ||||||||||||||||||||||||||||||||||
7,000 | 1,600 | 1,700 | ||||||||||||||||||||||||||||||||||||
6,000 | +83.9% | 1,400 | 1,600 | 140 | ||||||||||||||||||||||||||||||||||
1,200 | ||||||||||||||||||||||||||||||||||||||
5,000 | +57.2% | 1,000 | 1,500 | |||||||||||||||||||||||||||||||||||
800 | 1,400 | 100 | ||||||||||||||||||||||||||||||||||||
4,000 | +9.2% | 600 | ||||||||||||||||||||||||||||||||||||
3,000 | +5.1% | 400 | 1,300 | |||||||||||||||||||||||||||||||||||
-7.4% | 200 | |||||||||||||||||||||||||||||||||||||
2,000 | 0 | 1,200 | 60 | |||||||||||||||||||||||||||||||||||
01/15 | 01/16 | 02/17 | 03/18 | 04/19 | 05/20 | 05/21 | 06/22 | 01/20 | 06/20 | 12/20 | 06/21 | 12/21 | 06/22 | 01/21 | 06/21 | 12/21 | 06/22 | |||||||||||||||||||||
Margin financing | Securities lending | |||||||||||||||||||||||||||||||||||||
Southbound and Northbound trading | ||||||||||||||||||||||||||||||||||||||
Mutual funds management size | Number and size of IPO2 | volume and proportion |
(tn) | (RMBbn) | ||||
# of IPO 259 | 171 | ||||
25.6 | +5% | 26.8 | + 46% | 312 | |
214 |
2021 | 1H22 | 1H21 | 1H22 |
Source: Securities Association of China, Wind, Asset Management Association of China
Note: 1. All indices are rebased to the beginning level of Shanghai Composite Index; 2. Based on the IPO issuance date
(RMBbn) | |
Trading % 23.5% 21.7% | 11.9% 10.1% |
-10% |
-33% | 12,811 | 11,533 |
4,456 | ||
2,974 | ||
Southbound | Northbound | |
1H21 | 1H22 |
3
Performance Overview
Further expansion of total assets and YoY decline in net profit due to market volatility
Total assets and net assets
(RMBbn) | |
807 | 849 |
152 | 156 | |||
2021 | 1H22 | |||
Total assets | Net assets | |||
ROAA and ROAE1
ROAA | ROAE | |
5.7%
3.7%
1.0% | 0.7% |
1H21 | 1H22 |
Source: Company data
Note: 1. ROAA = Net profit / average total assets, ROAE = Net profit / average net assets
Net profit
(RMBmm)
7,770
5,375
1H211H22
1H22 revenue breakdown
Others | |
9.5% | |
International | Wealth |
business | management |
17.8% | 35.8% |
Investment | |
management | |
3.8% | |
Institutional | Capital-based |
services | |
intermediary services | |
16.1% | |
17.0% | |
4
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Disclaimer
Huatai Securities Co. Ltd. published this content on 31 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 August 2022 05:09:10 UTC.
