HUATAI SECURITIES CO., LTD. 2023 Interim Results Presentation
August 2023
(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
12
2
32
42
Company overview
Financial Performance overview
Business overview
Development strategy
1
Agenda
Company overview
Financial Performance overview
Business overview
Development strategy
2
Market Environment
In the first half of 2023, the international political and economic situation remained complicated and severe. China's economy and society fully recovered normalized operation and the comprehensive implementation of the registration-based IPO system reform became an important milestone in the development of the capital market. The A-share market fluctuated within a wide range; the trading volume in the market recovered; the scale of credit trading expanded
slightly; and the management scale of public funds further increased
Balance of margin financing and
Indices performance in key markets1 | A-share stock daily trading volume | securities lending | ||||||||||||||||||||||||||||||||
Shanghai Composite Index | Shenzhen Composite Index | (RMBbn) | (RMBbn) | |||||||||||||||||||||||||||||||
7,000 | Hang Seng Index | FTSE 100 | 2,000 | Balance of margin financing | Balance of securities lending | |||||||||||||||||||||||||||||
S&P 500 | ||||||||||||||||||||||||||||||||||
1,800 | 200 | |||||||||||||||||||||||||||||||||
6,000 | 1,800 | Highest: 1,739 | ||||||||||||||||||||||||||||||||
1,600 | ||||||||||||||||||||||||||||||||||
+65.1% | 160 | |||||||||||||||||||||||||||||||||
5,000 | 1,400 | 1,500 | ||||||||||||||||||||||||||||||||
1,200 | 120 | |||||||||||||||||||||||||||||||||
4,000 | +6.8% | 1,000 | ||||||||||||||||||||||||||||||||
1,200 | ||||||||||||||||||||||||||||||||||
-1.5% | 800 | |||||||||||||||||||||||||||||||||
3,000 | 80 | |||||||||||||||||||||||||||||||||
-4.4% | ||||||||||||||||||||||||||||||||||
600 | ||||||||||||||||||||||||||||||||||
-38.0% | 900 | |||||||||||||||||||||||||||||||||
2,000 | 400 | 40 | ||||||||||||||||||||||||||||||||
200 | ||||||||||||||||||||||||||||||||||
1,000 | 0 | 600 | 0 | |||||||||||||||||||||||||||||||
01/18 | 02/19 | 03/20 | 04/21 | 05/22 | 06/23 | 01/18 | 11/18 | 10/19 | 09/20 | 08/21 | 07/22 | 06/23 | 01/18 | 02/19 | 03/20 | 04/21 | 05/22 | 06/23 | ||||||||||||||||
Margin financing | Securities lending | |||||||||||||||||||||||||||||||||
Trading volume and proportion of | ||||||||||||||||||||||||||||||||||
Management size of mutual funds | Number and size of IPO2 | |||||||||||||||||||||||||||||||||
Southbound and Northbound capitals |
(RMBtn) | (RMBbn) | (RMBbn) | |||||||
Number | 171 | 173 | Trading | 21.7% | 27.6% | 10.1% | 11.2% | ||
volume % | |||||||||
of IPOs | +8.0% | ||||||||
+6.5% | |||||||||
312 | |||||||||
27.7 | |||||||||
26.0 | 12,466 | ||||||||
+13.5% | 11,533 | ||||||||
210 | |||||||||
2,974 | 3,374 | ||||||||
2022 | 1H23 | 1H22 | 1H23 | Southbound | Northbound | ||||
1H22 | 1H23 | ||||||||
Sources: Securities Association of China, Wind, Asset Management Association of China | |||||||||
Note: 1. Adjusted with the Shanghai Composite Index as the benchmark; 2. The statistical caliber is the issuance dates of IPOs |
3
Performance Overview
The asset scale of the Company was further improved; the operating revenue and the net profit attributable to the parent company increased year on year; the business structure was continuously optimized; and the transformation and innovation capabilities and the digital operation capabilities accumulated for a long term guaranteed the steady development of various businesses
Total assets and net assets | Net profit attributable to shareholders of parent company | ||||
(RMBbn) | (RMBmm) | ||||
847 | 887 | 6,556 | |||
5,376 | |||||
168 | 171 | ||||||||||||
1H22 | 1H23 | ||||||||||||
2022 | 1H23 | ||||||||||||
Total assets | Net assets | ||||||||||||
Return on total assets and return on net assets 1 | Income structure in the first half of 2023 | ||||||||||||
Others | |||||||||||||
4.6% | Brokerage | ||||||||||||
4.2% | business | ||||||||||||
3.7% | International | 26.3% | |||||||||||
business 23.5%
0.7% | 0.8% | Investment | |||||
management | Capital-based | ||||||
7.6% | |||||||
intermediary | |||||||
1H22 | 1H23 | ||||||
Institutional | business | ||||||
Return on total assets | Return on net assets | services | 15.1% | ||||
Sources: Company's data and financial reports (under IFRS) | 22.9% | ||||||
Note: 1. Return on total assets = Net profit attributable to the parent company/Average total assets and the return on net assets refers to the weighted average return on net assets
4
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Disclaimer
Huatai Securities Co. Ltd. published this content on 31 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 August 2023 07:29:04 UTC.
