DJ EQS-Announcement: GF Securities Released 2018 Results Report Technology Finance Continued to Exert Strength Investment Research Ability Maintainedat the Industry-Leading Position
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EQS-Announcement
GF Securities Released 2018 Results Report Technology Finance Continued to
Exert Strength Investment Research Ability Maintainedat the Industry-Leading
Position
27/03/2019 / 11:11 UTC+8
The issuer is solely responsible for the content of this announcement.
*For Immediate Release27 March 2019*
*??????????
GF SECURITIES CO., LTD.*
(A joint stock company incorporated in the People's Republic of China with
limited liability)
(Stock Code: 1776.HK; 000776.SZ)
*GF Securities Released 2018 Results Report
Technology Finance Continued to Exert Strength
Investment Research Ability Maintainedat the Industry-Leading Position*
(March27, 2019, Hong Kong) *GF SECURITIES CO., LTD. *("GF Securities" or the
"Company", stock code: 1776.HK; 000776.SZ, the Company and consolidated
subsidiaries (subsidiaries), the "Group") is pleased to announce its
annualresults for the 12 months ended December 31,2018 (the "Reporting
Period").
Facing complicated and severe capital market environment in the PRC and
overseas, the Company accelerated the transformation pace of traditional
businesses, optimized customer structure, devoted to the development of
technology finance, enlarged the establishment of the research and
development team, achieved the maintenance of itsindustry-leading positions
of various main operating indicators. During the Reporting Period, total
revenue and other income of the Group was RMB22,817 million, net profit
attributable to owners of the Company was RMB4,300 million.
*Mr. Sun Shuming, the Chairman of GF Securities,* said in the results report
that: the year of 2018 was the 40th anniversary of the reform and opening
up, was the opening year for the overall implementation of the guiding
principles of the 19th National Congress of the Communist Party of China
(CPC), was also an important year for comprehensively implementing the
Company's new five-year strategic plan. Facing the complicated operating
environment, the Company still managedto maintain top position in the
industry in terms of various key operating indicators in 2018. In 2019, the
Company will make full use of its geographic, cultural and professional
advantages to actively participate in the construction of the Guangdong-Hong
Kong-Macao Greater Bay Area and contribute its wisdom, solutions and
strength in building aninternational first-class bay area and world-class
city.
*Continuously Optimized Customer Structure &Investment Banking Business
Maintained at the Forefront of the Industry*
To adapt tothe transformation in economic structure, changes of market
environment and regulatory policies, in 2018, the Company actively
optimizedinvestment banking customer structure, on the basis of continuously
consolidatingthe advantages of high-quality small and mediumenterprises
customers, the equity financing business concentrated in industries with
autonomous core technology, such as new economy, advanced manufacturing,
artificial intelligence and biotechnology. The customer structure gradually
expanded to large state-owned enterprises, top private enterprises or
enterprises of leading new economy.
During 2018, the Company completed 20 equity financing projects for which
the Company acted as a lead underwriter, ranking 5th in the industry; Among
these projects, the Company acted as a lead underwriter for 7 IPOs, ranking
6th in the industry and the lead underwritten amount was RMB3.795 billion,
ranking 7th in the industry. The Company sponsored a total of 233 companies
listed on the NEEQ as the lead brokerage, of which there were 32 innovative
enterprises, ranking 6th in the industry. In addition, the Company acted as
a financial advisor for 10 material asset restructurings (including the CSRC
M&A and Restructuring Committee approved projects and non-administrative
material asset restructuring projects), ranking 5th in the industry, In
addition, in respect of the overseas investment banking business, the
Company carried out such business primarily through its indirectly
wholly-owned subsidiary, GF Capital (Hong Kong). During 2018, GFHK, a
wholly-owned subsidiary of the Company, completed 19 deals by acting as a
lead underwriter (including IPO, refinancing and bond offering), financial
advisers and mergers and acquisitions.
*Wealth Management Developed Steadily&Technology Finance Continued to Exert
Strength *
During2018, the
Companytookwealthmanagement,institutionalbrokerage,technologyfinanceandinteg
rationasthefourdrivingforcesandtookthecompliancerisk
controlandsystemreformationasitsforcefulsupport,to steadilypromote the
transformation of wealth management business.
Currently, the Company has rolled out its self-developed technology
financial platforms such as cloud services platform, micro-service platform
and robot investment adviser platform. The Company has also rolled out the
first big databased and full chain quantitative investment research cloud
platform as well as comprehensive smart service platform of the industry,
GF-SMART, through cooperative research and development, which lays a solid
foundation for the subsequent development of the Company's technology
finance. As at the end of 2018, the number of the Company's mobile-phone
securities users exceeded 22.02million, representing a year-on-year increase
of approximately 40%; the number of subscribers of the Company's WeChat
account was over 3.00 million; the Beta Bull (???) smart investment advisory
system served over 700,000 customers accumulatively with sale amount of
financial products of RMB1.86 billion at the same time. The sales and
transfer number of products of the Yitaojin E-commerce platform amounted to
RMB241.7 billion (including GF Golden Cash Return Collective Asset
Management Scheme).
In the area of overseas asset management business, GFHK, a wholly-owned
subsidiary of the Company, provides consulting services for and manages
various investment instruments as well as provides brokerage services to
high net worth individuals and retail customers,covering financial products
such as stocks and bonds listed on the Hong Kong Stock Exchange and other
overseas exchanges, using self-developed Yitaojin (???) international
version trading system to focus on the development of overseas wealth
management business. In respect of the field of futures brokerage business,
the Company provides trading and settlement services for customers in major
international commodity market through GF Futures (Hong Kong), a
wholly-owned subsidiary of GF Futures and GF Financial Markets (UK) Limited,
a wholly-owned subsidiary of GF Futures (Hong Kong).
*Vigorously Developed Capital Intermediary Business& Exceptional Investment
Research Ability Maintained at the Industry-Leading Position*
In the trading and institution business segment, GF Securities continues to
cultivate capital intermediary business. During 2018, the income of fixed
income sales and trading business reached RMB4.551 billion, representing an
increase of 21.70% comparing to the same period of last year, the Company
ranked 2nd among securities firms in terms of trading volume of bonds in
China. In February 2018, the Company was granted the honor of "Excellent
Option Market Maker" of the SSE. In August, the Company was given the first
batch of OTC options primary dealer qualification. In November, the Company
was qualified to conduct pilot cross-border business and credit derivatives
business, etc.
Meanwhile, the investment research capability of GF Securities maintains at
the leading position in the industry. The Company's equity research covers
over 669 listed companies in the PRC, covering 29 industries in the PRC, and
over 57 companies listed on the Hong Kong Stock Exchange. From 2015 to 2017,
the Company ranked 5th in the "Domestic Best Research Teams(????????)"of New
Fortune («???»). In 2018, the Company was ranked with top research and
development teamby Insurance Assets Management Association of
China(IAMAC??????), Crystal Ball(???) and Golden Bull Award(???).
*GroupManagement&Significant Transformation in Investment Management
Business Performance*
In 2018, the performance of the investment business of the subsidiaries of
the Company was remarkable. GF Asset Management, a wholly-owned subsidiary
of the Company, is primarily engaged in asset management to illustrate the
customer's value-added and value-added financial assets. Under the direction
of new policies in relation to asset management, GF AssetManagement steadily
progressed with transformation to high-quality organic growth.As at the end
of 2018, the average monthly size of assets under active management ranked
third in the securities industry. GF Xinde, a wholly-owned subsidiary of the
Company, is primarily engaged in private fund management business. As at the
end of 2018, GF Xinde set up and managed 34 private funds. The total size of
customers' assets under management amounted to approximately RMB10
billion.As at the end of 2018, GF Xinde and the funds under its management
completed 243 equity investment projects, of which 20 projects were listed
through IPO. GF Xinde exited sixty projects through means such as the merger
of listed companies.
The Group carries out public fund management services mainly through its
controlled subsidiary, GF Fund, and associate company, E Fund. As at the end
of December 2018, the publicly offered funds managed by GF Fund have reached
RMB468.445 billion, representing an increase of 67.34% as compared to the
end of 2017, and the total fund size excluding money market funds and
short-term wealth management bond funds was RMB198.92 billion, ranking sixth
in the industry. The publicly offered funds managed by E Fund have reached
RMB654.028 billion, representing an increase of 7.63% as compared to the end
of 2017, and the total fund size excluding money market funds and short-term
wealth management bond funds was RMB255.323 billion, ranking first in the
industry.
(MORE TO FOLLOW) Dow Jones Newswires
March 26, 2019 23:11 ET (03:11 GMT)
The annual report showed that, the year of 2019 is a critical year for the Company's five-year strategic plan for 2017-2021,the Company will leverage on the market-oriented mechanism, accelerate the transformation pace and continue to comprehensively promote the cultivation of transformation and competitive advantages of investment banking, wealth management, tradingand institution aswell as investment management businesses, enhance the professional ability to serve high net worth individuals, medium and large quality enterprises and institutional clients, and steadily improve its position in the securities industry and the Guangdong-Hong Kong-Macao Greater Bay Area. *- End-* *About GF Securities Co., Ltd.* Established in 1991, GF Securities is the first batch of comprehensive securities companies in the PRC. The Company was successfully listed on the main boards of the Shenzhen Stock Exchange (000776.SZ), and the Hong Kong Stock Exchange (1776.HK), in 2010 and 2015, respectively. As of December 31, 2018, the Company had a total of 20 branches and 264 securities brokerage branches, covering 31 provinces, municipalities, and autonomous regions in the PRC. The Company is a provider of comprehensive capital market services with industry-leading innovative ability which focuses on serving the PRC's quality small- and medium- enterprise and the affluent individuals. The Company provides diversified business servicesfor corporations, individuals, institutional investors, financial institutions and government clients. GF Securities is an industry leader across the entire spectrum of its core business lines including investment banking, wealth management, trading and institution, and investment management. GF Securities continues to be an industry leader in terms of capital strength and profitability, with total market capitalization at the forefront among listed securities companies in the PRC. Note: The financial data set out in this press release have been prepared in accordance with the International Accounting Standards. Document: http://n.eqs.com/c/fncls.ssp?u=UNPCIJQSQI [1] Document title: GF Securities Released 2018 Results Report Technology Finance Continued to Exert Strength Investment Research Ability Maintainedat the Industry-Leading Position 27/03/2019 Dissemination of an Announcement, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement. Media archive at www.todayir.com 1: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=f7b1e9dd43e4f23c65561f358b063313&application_id=792053&site_id=vwd&application_name=news
(END) Dow Jones Newswires
March 26, 2019 23:11 ET (03:11 GMT)
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