CITIC Securities earned the most net profits, managed the largest assets and brought in the second-most revenues in 2009 among 106 members of the Securities Association of China (SAC), media reported today.
CITIC Securities realized a net profit of 6.2 billion yuan in 2009, outperforming Guotai & Junan Securities' 6.0 billion yuan.
CITIC managed assets of 29 billion yuan, followed by CICC and Huatai Securities.
The company's 10-billion-yuan revenue ranked second to Guotai & Junan Securities' 11.5 billion yuan. They were the only two brokerage firms to earn more than 10 billion yuan revenues in 2009, Securities Times reported.
CITIC Group's China Securities was listed 11th with its 2.6-billion-yuan net profit.
Huachuang Securities' 81.17 percent return on net assets topped that ranking. Northeast Securities ranked fifth with its 51.06 percent, although it performed best among listed brokerage firms.
Everbright Securities possessed the best cost control capability. Caida Securities, and Huaan Securities rounded out the top 3.
China International Capital Corporation Ltd (CICC) brought in the most transaction net income of 224 million yuan. Gaohua Securities (No 2) and Guosen Securities (No 3) also made million-yuan transaction net income.
China Galaxy Securities held the most transactions settlement balance from customers, which reached 83.5 billion yuan, and Guotai & Junan Securities held 69.3 billion yuan as the second.
CICC earned the No 1 spot on the ranking of financial consulting business with 2.3 billion yuan net income from its business of underwriting, sponsoring, mergers and acquisitions, and restructuring.
AJ Securities grew its investment banking business by 67.8 times, the fastest among its peers. All the top 10 on the ranking of net income growth of investment banking business are small- and medium-sized brokerage firms.
SAC's financial ratio ranks, released on Monday, were compiled based on 2009 annual reports of 106 brokerage members.