EB SECURITIES released its half-year report, which business made money?

On the evening of August 29th, EB SECURITIES disclosed its semi-annual report.

It showed that in the first half of 2024, this securities firm achieved operating income of 4.184 billion yuan, a year-on-year decrease of 32.29%; and achieved a net profit attributable to the parent of 1.391 billion yuan, a year-on-year decrease of 41.87%.

EB SECURITIES' main business segments include: Wealth Management Business Cluster, Corporate Financing Business Cluster, Institutional Client Business Cluster, Investment Trading Business Cluster, Asset Management Business Cluster, and Equity Investment Business Cluster.

Investment Income Revealed

Looking at the entire securities industry, listed securities firms have all disclosed declining business performance year-on-year.

However, the proprietary investment performance of many securities firms is noteworthy, and EB SECURITIES' data is also worth paying attention to.

In the first half of the year, this securities firm's investment income and fair value change income were 1.06 billion yuan, a decrease of 1.16 billion yuan year-on-year, a 52% decrease, mainly due to increased market volatility leading to a decrease in equity investment income.

Specifically, looking at the contribution of proprietary investments to the company's total revenue.

The semi-annual report disclosed: Equity proprietary investments and fixed income proprietary business achieved revenue of 430 million yuan in the first half of 2024, accounting for 10% of the company's total revenue.

Which Business Generates the Highest Revenue?

EB SECURITIES disclosed: In the first half of 2024, the Wealth Management Business Cluster achieved revenue of 2 billion yuan, accounting for 48%.

This business ranks first in terms of contribution to the company's revenue.

It is reported that EB's wealth management business mainly includes retail business, margin financing and securities lending business, stock pledge business, futures brokerage business, and overseas wealth management and brokerage business.

The semi-annual report also disclosed: As of the end of June 2024, the company had a total of 6.13 million clients, a 5% increase from the end of the previous year; total client assets were 1.15 trillion yuan, a 9% decrease from the end of the previous year. In the first half of the year, the total amount of financial products sold by the company was 10.365 billion yuan.

Investment Banking Business Revenue of 460 million yuan

EB SECURITIES' Corporate Financing Business Cluster mainly includes equity financing business, debt financing business, overseas investment banking business, and financing leasing business. In the first half of 2024, this business cluster achieved revenue of 460 million yuan, accounting for 11%.

During the reporting period, the company completed the underwriting of equity for 2 companies (excluding convertible bonds), with an underwriting scale of 1.09 billion yuan. The number of main underwriters ranked 14th, and the underwriting amount ranked 16th.

Institutional Business Revenue Accounts for 13%

EB SECURITIES disclosed: In the first half of 2024, the Institutional Client Business achieved revenue of 540 million yuan, accounting for 13%.

The Institutional Client Business Cluster mainly includes institutional trading business, prime brokerage business, asset custody and outsourcing business, investment research business, financial innovation business, and overseas institutional trading business.

One Major Business with Negative Revenue

The business that EB SECURITIES failed to achieve positive revenue in is the Equity Investment Business, which includes private equity fund investment and alternative investment business.

Data shows: In the first half of 2024, the revenue of this business cluster was -50 million yuan.

Among them, the private equity fund investment business mainly conducts private equity fund investment and financing business through wholly-owned subsidiaries EB Capital and EB Development As of June 30, 2024, EB Capital had total assets of 2.165 billion RMB, net assets of -1.003 billion RMB, operating income of -0.182 billion RMB in the first half of 2024, and a net loss of 1.86 billion RMB.

The alternative investment business of the company is mainly carried out through its wholly-owned subsidiary, EB Wealth Excellence.

As of June 30, 2024, EB Wealth Excellence had total assets of 1.927 billion RMB, net assets of 1.78 billion RMB, operating income of -0.1 billion RMB in the first half of 2024, and a net loss of 0.33 billion RMB