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Public company info - Huatai Securities Co. Ltd. - H Shares , 06886.HK
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Huatai Securities Co. Ltd. - H Shares, 06886.HK - Company Profile
Chairman ZHANG Wei
Share Issued (share) 1,719,000,000
Par Currency Renminbi
Par Value 1.0
Industry Securities
Corporate Profile Business Summary: The Group principally engaged in securities brokerage, securities proprietary trading, securities underwriting and sponsorship, securities investment advisory, asset management, margin financing and securities lending, agency sale of financial products, intermediary introduction business for the futures companies, agency sale and custody of securities investment fund, mutual fund management, brokerage of spot contracts for precious metal such as gold, proprietary trading of spot contract for gold, direct investment business, alternative investment business, stock option market making, futures brokerage business and other business activities as approved by the China Securities Regulatory Commission(“the CSRC”) . Performance for the year: As of December 31, 2019, on a consolidated basis, total assets of the Group amounted to RMB562,180,638 thousand, representing a year-on-year increase of 52.49%; total equity attributable to shareholders of the Company amounted to RMB122,537,479 thousand, representing a year-on-year increase of 18.52%; total revenue and other income amounted to RMB32,436,781 thousand, representing a year-on-year increase of 32.36%; and profit for the year attributable to shareholders of the Company amounted to RMB9,001,644 thousand, representing a year-on-year increase of 78.86%. Business Review Digitalization drives forward business model innovation The group proceeded with digital transformation in an all-round way, aiming to thoroughly reform our business and management models with digital thinking and means. Though there is no short-cut to digital transformation, our efforts are clearly targeted. By accelerating cloud-networking infrastructure construction, intelligently operating business systems, innovating product and customer service models, and realizing the digital sharing and improvement of professional capabilities, The group empowered the front, middle and back offices by technology, went deep into the essence and core of finance, and optimized customer experiences. Digital transformation also represents a profound change in corporate culture that an open cultural atmosphere will generate and trigger the inherent motivation to keep transcending ourselves. A center-driven headquarters-driven and platform-based development model has been formed in the wealth management business. An interconnectivity between the customer-oriented mobile service platform – “ZhangLe Fortune Path” and the cloud work platform built for investment advisors – “AORTA” has been realized through iterations and upgrades. By solidifying the workflow, we have direct access to and conduct dynamic management for front-line investment advisors via the platform of headquarters; various service resources can also be integrated on the platform to empower front-line investment advisors in a more targeted manner; branches will also largely shift their business focus to in-depth exploration of and tailored services for high net worth customers and institutional customers. Our professional expertise and service quality are winning the recognition of a wide range of customers. In 2019, not only have we maintained our leading position in trading volume of stocks and funds and NMAU of “ZhangLe Fortune Path” APP, The group also led the industry in the size of margin financing and securities lending. Significant growth was also seen in the number of customers under wealth management and the sales volume and total number of wealth management products. The group also sped up the digitalization in institutional services. Our self-developed digital platform “Xing Zhi” APP2.0 serving institutional customers has gone live officially, with research and investment banking services on the platform gaining more and more recognition and favour of institutional customers. The group will upload more institutional business functions and workflows to Xing Zhi APP to achieve the efficient exchange and interaction between institutional needs and business resources based on the open-structure operation philosophy. Based on the above, our credit analysis management platform, INCOS cloud platform and institutional CRM system, etc., are connecting various links of our institutional services, which constantly improved the efficiency of investment trading, customer services, and operational risk control and further expanded the customer network. Platform-based services lead to more breakthroughs In face of more complex and diversified customer services, it is the platform-based operation and extension of the value chains that may provide more space for development, which promotes us to review the breadth and depth of the connection between internal and external resources. The group further integrated the marketing resources of our headquarters, branches and overseas institutions, transformed the strengths in sub-sectors into the Group’s strengths in “investment banking gene + fullservice chain”, and leveraged the platform-based service model “Huatai as a Whole” to strengthen the connection and deepen the exploration of the demands of institutional customers. The group reinforced business synergy through the integrated investment banking platform, and has established firstclass brand influence in the comprehensive health and TMT industries as driven by leading enterprises. As of the end of 2019, The group had cumulatively served more than 90 corporate customers, with the aggregate market value exceeding RMB3.6 trillion. Capitalizing on the diversified industrial customer ecosystem, The group become more focused on the industry and quality customers, and built a full-cycle and platform-based service model and quality control model in line with the customer growth path. At the same time, by fully blending into the institutional customer service system, The group opened up the full-service chain covering asset creation, asset pricing and asset transaction, contributing to our transformation towards a real customer-empowered service provider. Thanks to our targeted efforts, our competitive edge in investment banking was enhanced and maintained industry leading. In 2019, The group ranked first in the industry in terms of the number of sponsored enterprises accepted by the STAR Market and took the top place for both the number and amount of M&A and restructuring transactions approved by the CSRC. With accelerated improvement in our platform-based investment trading capability, in 2019, The group saw our bond settlement volume soar to the second place in the industry, and led the industry in the market making volumes for exchange-traded options, the increase in trading volume of OTC derivatives among brokers and the increased scale of structured notes, with our investment trading business upgrading from large-scale trading to scale-based product trading, which will become our strongest competitive edge in the future. The group systematically promoted the construction of multiple platforms including big data trading, FICC trading and OTC business, through which The group continuously attracted, created and efficiently served customers and their needs, significantly improving the frequency, stickiness and competitiveness in respect of institutional trading service. Only by these platforms could The group advance towards the de-directional investment trading transformation based on strategy management, trading management and risk management. Internationalization opens up new space for development The group have embarked on a unique course of international development amid the changing international market environment and the accelerated opening of China’s capital market. The group timely seized the strategic opportunity to invest resources in mature capital markets in Europe and the US, achieved historic breakthroughs in “linking the East and West” and “connecting the North and South”, and realized revenue from our international businesses and other income reaching 12.48% of total revenue. The path of our international development strategy is more crystal than ever. As the first Chinese company to engage in the ShanghaiLondon Stock Connect mechanism in 2019, The group successfully issued Global Depositary Receipts (GDR) in the UK, and obtained the London Stock Exchange membership, marking a significant milestone in our overseas blueprint. Later on, AssetMark, our US-based subsidiary, went public on the New York Stock Exchange, and Huatai Securities (USA) also obtained the US broker-dealer license. In Hong Kong, Huatai International forged ahead against the adversity and began to enter the league of leading Chinese-funded securities companies in respect of comprehensive strength, with its overall business making impressive advances facilitated by cross-border business. The group leveraged our advantages in local resources to serve domestic customers “going out” and overseas customers “coming in” , which has been our long-standing orientation in international development. Our cross-market integration synergy has been enhanced rapidly with the increasing linkage among A-share, Hong Kong stock, US stock market and others, and our cross-border comprehensive financial platform will thus be built gradually. Prospects: China’s capital market ushered in its 30th anniversary in 2020. The COVID-19 outbreak has important implications on the international political and economic pattern and financial market environment, which has brought us unprecedented and great challenges. However, The group always believe that opportunities stem from crisis and changes will lead to achievements. The implementation of the new Securities Law will certainly drive more profound changes and The group will witness improved market regulation, transparency and openness as testament of its resilience and vitality. During the new year, The group will continue to embrace new reforms, open up more possibilities in the future with pioneering technologies and a powerful platform. The group will seek progress amongst continuous changes and pursue towards the realization of our long-term goals.

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