證券行業(yè)月度數(shù)據(jù)-2012-11-15.xls

安安信信證證券券證證券券行行業(yè)業(yè)月月度度數(shù)數(shù)據(jù)據(jù) 1總攬 1.1行業(yè)總攬 1.2公司總攬 2財務(wù) 2.1財報 2.2每月收入 2.3每月利潤 2.4每月凈資產(chǎn) 3經(jīng)紀(jì)業(yè)務(wù) 3.1市場 3.2公司 4投行業(yè)務(wù) 4.1市場 4.2公司 5資產(chǎn)管理 6融資融券 7估值 8免責(zé)聲明 本本月月簡簡評評 1、2012年10月份19家上市券商共實現(xiàn)營業(yè)收入33億元，環(huán)比減少25%，同口徑下同比減少10%；共實現(xiàn)凈利潤7億元，環(huán)比減少42%，同口徑下同比減少26%；10月末 ，19家上市券商的凈資產(chǎn)合計為3559億元，環(huán)比持平。 2、2012年1-10月累計日均交易量為1327億元，同比減少28%；其中10月份單月日均股票成交額為1014億元，同比下降22%，環(huán)比下降13%。 3、10月份總交易額同比上升37%，環(huán)比下降9%；股票成交額同比下降12%，環(huán)比下降21%；換手率為11%，較上月減少了3個百分點。 4、2012年10月實現(xiàn)股票連接融資208億元，同比減少22%，環(huán)比增加24%，其中主要是增發(fā)金額環(huán)比增長了106億元，首發(fā)及配股金額環(huán)比均出現(xiàn)顯著減少。 5、截至10月底券商集合理財規(guī)模為1635億元，國泰君安份額最高，為11.0%；中信證券份額為8.7%，排名第二。 6、截至10月底雙融余額為770億元，環(huán)比上升10%，融資融券余額占流通市值的比例為4.67；國泰君安市場份額最高為8.0%；前十名的券商占市場份額的62.7%。 7、行業(yè)盈利持續(xù)低迷，后續(xù)創(chuàng)新政策中部分可能對行業(yè)存在負(fù)面影響，如放開營業(yè)部設(shè)立標(biāo)準(zhǔn)等，我們維持行業(yè)同步大市-a的投資評級，首先低估值 、厚資本的券 商，如中信、海通、國元。 楊楊建建海海，cfa首首席席行行業(yè)業(yè)分分析析師師 執(zhí)業(yè)證書編號s1450511020022 賀賀立立行行業(yè)業(yè)分分析析師師 執(zhí)業(yè)證書編號 s1450512080004 本次實際更新時間：20121114 預(yù)計下次更新時間：20121212 單單位位：人人民民幣幣百百萬萬元元報告日期：2012年11月15日 1、2012年10月份19家上市券商共實現(xiàn)營業(yè)收入33億元，環(huán)比減少25%，同口徑下同比減少10%；共實現(xiàn)凈利潤7億元，環(huán)比減少42%，同口徑下同比減少26%；10月末 ，19家上市券商的凈資產(chǎn)合計為3559億元，環(huán)比持平。 2、2012年1-10月累計日均交易量為1327億元，同比減少28%；其中10月份單月日均股票成交額為1014億元，同比下降22%，環(huán)比下降13%。 3、10月份總交易額同比上升37%，環(huán)比下降9%；股票成交額同比下降12%，環(huán)比下降21%；換手率為11%，較上月減少了3個百分點。 4、2012年10月實現(xiàn)股票連接融資208億元，同比減少22%，環(huán)比增加24%，其中主要是增發(fā)金額環(huán)比增長了106億元，首發(fā)及配股金額環(huán)比均出現(xiàn)顯著減少。 5、截至10月底券商集合理財規(guī)模為1635億元，國泰君安份額最高，為11.0%；中信證券份額為8.7%，排名第二。 6、截至10月底雙融余額為770億元，環(huán)比上升10%，融資融券余額占流通市值的比例為4.67；國泰君安市場份額最高為8.0%；前十名的券商占市場份額的62.7%。 7、行業(yè)盈利持續(xù)低迷，后續(xù)創(chuàng)新政策中部分可能對行業(yè)存在負(fù)面影響，如放開營業(yè)部設(shè)立標(biāo)準(zhǔn)等，我們維持行業(yè)同步大市-a的投資評級，首先低估值 、厚資本的券 商，如中信、海通、國元。 楊楊建建海海，cfa首首席席行行業(yè)業(yè)分分析析師師 執(zhí)業(yè)證書編號s1450511020022 賀賀立立行行業(yè)業(yè)分分析析師師 執(zhí)業(yè)證書編號 s1450512080004 行行業(yè)業(yè)經(jīng)經(jīng)營營數(shù)數(shù)據(jù)據(jù)2008a2009a2010h12010a2011h1 證券公司數(shù)目107106106106109 營業(yè)收入1,2512,0507311,911751 經(jīng)紀(jì)業(yè)務(wù)凈收入8821,4194831,085410 承銷與保薦凈收入77152116272133 資產(chǎn)管理凈收入15168229 財務(wù)顧問與咨詢 投資收益（含公允價值）232420769 融資融券 凈利潤482933293776261 凈資本2,8873,8323,9424,3194,357 凈資產(chǎn)3,5854,8395,0535,6645,809 總資產(chǎn)12,00020,30018,00019,70016,700 關(guān)關(guān)鍵鍵指指標(biāo)標(biāo)2008a2009a2010h12010a2011h1 股票交易量526,8301,065,221450,2151,084,347493,914 日日均均1,0662,1741,9082,2402,075 股股票票傭傭金金率率0.167%0.133%0.107%0.100%0.083% roe13.4%19.3%5.8%13.7%4.5% 凈利潤率39%45%40%41%35% 稅前利潤6431,2443911,034347 費費用用率率49%39%47%46%54% 費用608807341877404 各各業(yè)業(yè)務(wù)務(wù)占占比比2008a2009a2010h12010a2011h1 經(jīng)紀(jì)業(yè)務(wù)71%69%66%57%55% 投行業(yè)務(wù)6%7%16%14%18% 資管業(yè)務(wù)1%1%1%1%1% 自營業(yè)務(wù)0%11%1%11%9% 其他業(yè)務(wù)22%11%17%17%17% 單位：億元 數(shù)據(jù)來源：證券業(yè)協(xié)會 2011a2012h12012m9 109112114 1,360706956 689273389 24189129 211017 1223 50195214 2236 394227263 4,6344,8184,829 6,3036,7166,800 15,70016,20015,600 2011a2012h12012m9 843,290349,845494,261 1,7351,4951,358 0.082%0.078%0.079% 6.2%3.4%3.9% 29%32%28% 525302351 61%57%63% 834404605 2011a2012h12012m9 51%39%41% 18%13%14% 2%1%2% 4%28%22% 26%20%22% 單位：百萬元2010年 分類評級經(jīng)紀(jì)業(yè)務(wù)收入傭金率()自營權(quán)益規(guī)模/凈資本營業(yè)部數(shù)量 中信系7.2%0.92270 中信證券aa級1.9%0.7662% 中信金通aa級1.4%0.7047 中信萬通bb級0.8%1.1239 長江系1.6%0.9686 長江證券a 級1.5%0.9126%86 長江承銷a 級0.0%0 海通aa級4.5%1.1027%183 國元a 級1.1%1.0813%76 東北bbb 級1.0%1.3434%68 宏源a 級1.6%1.2528%78 國金bbb 級0.7%1.093%22 光大aa 級2.5%0.8118%107 西南bbb 級0.7%0.9838%41 招商aa 級3.3%0.8371%81 華泰系5.1%0.89201 華泰證券aa 級3.2%0.8732%129 華泰聯(lián)合aa 級1.7%0.8372 興業(yè)a 級1.1%0.7014%55 太平洋bbb 級0.4%1.4910%29 山西系0.8%1.3459 山西證券b 級0.8%1.349%59 中德證券b 級0.0%0 廣發(fā)a 級5.0%1.0354%189 方正a 級1.7%0.9557%63 國海b 級1.3%53 西部 數(shù)據(jù)來源：公司資料，wind資訊 注注1 1：中中信信證證券券的的總總交交易易額額與與股股票票交交易易額額份份額額包包含含中中信信建建投投20102010年年1-101-10月月的的數(shù)數(shù)據(jù)據(jù) 注注2 2：華華泰泰聯(lián)聯(lián)合合證證券券、長長江江承承銷銷保保薦薦及及中中德德證證券券與與其其母母公公司司合合并并評評價價，母母公公司司分分類類結(jié)結(jié)果果適適用用于于子子公公司司 注注3 3：以以上上數(shù)數(shù)據(jù)據(jù)中中，交交易易額額、經(jīng)經(jīng)紀(jì)紀(jì)業(yè)業(yè)務(wù)務(wù)收收入入、基基金金分分倉倉、資資產(chǎn)產(chǎn)管管理理及及投投資資銀銀行行的的數(shù)數(shù)據(jù)據(jù)均均為為各各券券商商的的份份額額 2011年截至201202截至201203截至201204截至201205 總交易額股票交易額資產(chǎn)管理投資銀行資產(chǎn)管理投資銀行資產(chǎn)管理投資銀行資產(chǎn)管理 5.98%5.67%9.21%5.89%10.28%4.41%9.72%4.97%9.40% 9.21%5.89%10.28%4.41%9.72%4.97%9.40% 2.24%1.72%4.14%0.21%4.55%0.28%4.00%3.57% 4.14%0.07%4.55%0.28%4.00%0.34%3.57% 0.14% 4.81%4.15%1.68%2.03%0.02%4.99%1.58%4.14%1.41% 1.31%1.14%0.48%0.17%0.48%0.03%0.50%0.09%0.44% 0.57%0.72%2.22%0.04%2.20%0.05%2.22%0.04%1.98% 1.24%1.29%2.76%0.98%2.74%2.13%2.93%1.90%2.62% 0.69%0.66%0.24%0.43%0.34% 2.80%2.96%6.54%0.71%6.49%0.46%6.39%0.52%5.71% 0.57%0.80%0.94%0.71%0.93%0.41%0.92%0.53%0.82% 4.19%3.80%4.54%1.28%4.99%0.83%5.02%1.08%4.49% 4.52%5.40%5.55%0.67%5.50%0.39%3.74%0.42%3.52% 5.55%0.15%5.50%3.74%3.52% 0.52%0.39%0.42% 1.76%1.66%2.62%0.29%2.59%0.23%2.31%0.31%2.20% 0.21%0.27%0.31%0.32%0.29% 0.57%0.59%0.94%0.61%0.10%0.58%0.08%0.52% 0.61%0.61%0.58%0.52% 0.94%0.10%0.08% 3.65%4.01%6.25%1.39%6.20%2.09%5.93%2.27%5.30% 1.19%1.72%1.63%0.49%1.60%0.08%1.48%0.06%1.33% 0.55%0.67%0.94%0.20%0.94%0.55%0.92%0.51%0.83% 0.23%0.20% 截至201206截至201207截至201208截至201209 投資銀行資產(chǎn)管理投資銀行資產(chǎn)管理投資銀行資產(chǎn)管理投資銀行資產(chǎn)管理投資銀行 5.04%9.11%5.64%8.05%5.67%7.58%5.21%7.36%5.47% 5.04%9.11%5.64%8.05%5.67%7.58%5.21%7.36%5.47% 0.32%3.46%0.30%3.15%0.54%2.94%0.22%2.85%0.40% 0.32%3.46%0.30%3.15%0.54%2.94%0.22%2.85%0.40% 4.15%1.37%3.31%1.71%2.97%1.52%2.72%1.55%2.34% 0.07%0.43%0.06%0.42%0.07%0.38%0.06%0.37%0.05% 0.03%2.15%0.21%1.93%0.18%1.71%0.15%1.66%0.15% 1.64%3.51%1.39%4.00%1.38%3.55%1.47%3.45%1.39% 0.27%0.55%0.54%0.50%0.44% 0.42%5.54%0.51%5.40%0.47%5.93%0.55%5.76%0.46% 0.51%0.80%0.55%0.73%0.60%0.65%0.66%0.63%0.62% 0.86%4.35%1.15%4.33%1.35%4.43%1.40%4.30%1.23% 0.39%3.41%0.55%3.27%0.50%5.41%0.61%5.76%0.89% 3.41%3.27%5.41%5.76% 0.39%0.55%0.50%0.61%0.89% 0.26%2.13%0.29%2.09%0.28%2.52%0.31%2.45%0.32% 0.23%0.27%0.31%0.25%0.21% 0.06%0.50%0.19%0.44%0.19%0.29%0.27% 0.50%0.44%0.39%0.38% 0.06%0.19%0.19%0.29%0.27% 2.15%5.14%1.79%4.78%1.60%6.38%1.35%6.40%1.27% 0.22%1.29%0.18%0.93%0.20%0.82%0.25%0.80%0.41% 0.41%0.80%0.33%0.57%0.44%0.73%0.43%0.71%0.55% 0.20%0.19%0.02%0.17%0.02%0.17%0.01% 截至201205 截至201210 資產(chǎn)管理投資銀行 8.75%5.37% 8.75%5.37% 2.52%0.43% 2.52%0.43% 1.41%2.15% 0.58%0.04% 1.44%0.13% 2.75%1.24% 0.39% 5.47%0.42% 0.57%0.55% 3.73%1.07% 5.62%0.88% 5.62% 0.88% 2.33%0.30% 0.18% 0.26% 0.46% 0.26% 5.91%1.16% 0.63%0.37% 0.65%0.52% 0.16%0.01% 代碼 2009a 金額 20091231 營業(yè)收入經(jīng)紀(jì)投行利息自營其他營業(yè)支出 600030中信22,00710,9222,4011,4013,4283,8548,746 600837海通9,9406,2743821,1249731,1874,210 000776廣發(fā)10,4707,4532247101,1599244,323 601688華泰9,5637,4405356794075034,228 600999招商8,6804,7935152479832,1433,665 601788光大5,5943,6412425614287221,677 000783長江3,1942,0471621706861291,433 000728國元2,1851,539114166164203864 600369西南2,053895179112713155805 000562宏源2,9202,1381321673651181,355 000686東北1,9931,40213102358118803 600109國金1,4159781428914760744 601377興業(yè)3,0851,685622105785501,439 002500山西1,5121,1755511466102699 601099太平洋83558765515730430 合計85,44652,9675,1655,90510,61110,79835,421 代碼 2010q1 金額 20100331 營業(yè)收入經(jīng)紀(jì)投行利息自營其他營業(yè)支出 600030中信4,0631,9103343464421,0312,008 600837海通2,2371,207173291226339903 000776廣發(fā)1,9781,247130194173234808 601688華泰1,9431,255230201155103861 600999招商1,60285938610373181619 601788光大83965430159(183)179440 000783長江927409645737424379 000728國元528299101651548188 600369西南35718235308029181 000562宏源9434441074327376393 000686東北45426370245838194 600109國金2621949242212145 601377興業(yè)559275145752161289 002500山西261208729125178 601099太平洋16210991032390 合計17,1179,5161,6991,6341,8052,4637,675 代碼 2010h 金額 20100630 營業(yè)收入經(jīng)紀(jì)投行利息自營其他營業(yè)支出 600030中信7,9053,7409947014472,0233,987 600837海通4,38222734986072947101948 000776廣發(fā)3,6332423259386684971512 601688華泰3,5892418710443-1691861809 600999招商2,7671622693239-1343461154 601788光大1,9481229163370-223409969 000783長江1,2388008310619753601 000728國元937557127151-6108433 600369西南56935910459-2471371 000562宏源1,70981532380376115743 000686東北5104947250-18478383 600109國金81537440250-3322423 601377興業(yè)1,1105655512541324604 002500山西59839088583328334 601099太平洋2472076123-5713182 合計31,95818,2674,6333,4496254,98515,454 代碼 2010m9 金額 20100930 營業(yè)收入經(jīng)紀(jì)投行利息自營其他營業(yè)支出 600030中信12,4215,5771,3881,0461,3633,0476,442 600837海通6,804334960595380910893105 000776廣發(fā)6,12536084765767297362497 601688華泰5,72536378816912103052706 600999招商4,17523837753571744861729 601788光大3,2241841243572-25691473 000783長江2,2961207104154752781060 000728國元1,537830185231131159699 600369西南1,10653217891204100589 000562宏源2,59611834271206662011107 000686東北1,05272412676-7132634 600109國金1,24855057680240822 601377興業(yè)1,8938711701852014661010 002500山西919573959011051510 601099太平洋47231010537-727307 合計51,59527,1786,3355,2615,3347,48724,689 代碼 2010a 金額 20101231 營業(yè)收入經(jīng)紀(jì)投行利息自營其他營業(yè)支出 600030中信27,7957,8092,9031,30311,5014,27911,526 600837海通9,76848649201366108215374935 000776廣發(fā)10,219543079879620801,1154578 601688華泰8,900551614759715523874400 600999招商6,486357912244985086782584 601788光大5,05427484807333297632201 000783長江3,19917531692099291401579 000728國元2,24212262493302441921054 600369西南1,936786354165442190893 000562宏源3,30517254671606932601565 000686東北1,70011101451001182261016 600109國金1,64580161311255631072 601377興業(yè)2,73812352352642967081544 002500山西1,496868239134142113914 601099太平洋67546312252137431 合計87,15739,91210,3937,19318,97110,68740,290 代碼 2011q1 金額 20110331 營業(yè)收入經(jīng)紀(jì)投行利息自營其他營業(yè)支出 600030中信3,4471,0882363588449211,670 600837海通2,66910312664455473801075 000776廣發(fā)1,7261020154154180217873 601688華泰1,90610784202729245981 600999招商1,665765307161280152645 601788光大1,341590179270155148576 000783長江729395175123432320 000728國元5902531631051356260 600369西南5741641726113838188 000562宏源81338512446156101364 000686東北3752375216547238 600109國金478178220432315277 601377興業(yè)76125412279116190416 002500山西272190665-314228 601099太平洋264975611918144 合計17,6097,7262,4462,1412,9322,3658,257 代碼 2011h 金額 20110630 營業(yè)收入經(jīng)紀(jì)投行利息自營其他營業(yè)支出 600030中信7,5082,0425817032,3431,8393,508 600837海通5,2471,8395361,0219978522,195 000776廣發(fā)3,2711,8464093322004831,563 601688華泰3,3952,0295795601061211,862 600999招商3,2451,3667113285003401,340 601788光大2,6501,0884544912553611,201 000783長江1,0967077810613470631 000728國元1,03546620419560109511 600369西南8212972341307089406 000562宏源1,55567827988259251739 000686東北5784191944492470 600109國金704330229843031446 601377興業(yè)1,387474199154229331791 002500山西54434834131(6)37403 601099太平洋4551721162912513273 601901方000750國海7504661289(8)155515 合計35,20815,2374,8114,5765,3045,28117,457 代碼 2011q3 金額 20110930 營業(yè)收入經(jīng)紀(jì)投行利息自營其他營業(yè)支出 600030中信9,4502,9051,1241,0551,6412,7244,933 600837海通6,9502,5477391,5317901,3433,248 000776廣發(fā)4,3252,568594577(158)7442,377 601688華泰4,3422,862694934(363)2152,544 600999招商4,2451,8999155093905321,881 601788光大3,5201,535595713736041,793 000783長江1,3381,01696192(77)110967 000728國元1,315657204354(43)143759 600369西南699417278201(347)149608 000562宏源1,874923310139208293976 000686東北6785772474(134)137718 600109國金9344882461331552636 601377興業(yè)1,7937192722411224391,124 002500山西76447148216(20)49594 601099太平洋5502361394311419374 601901方正1,29992296314(182)1491,014 000750國海84665212715(184)236770 合計44,92121,3936,5047,2411,8457,93825,318 代碼 2011a 金額 20111231 營業(yè)收入經(jīng)紀(jì)投行利息自營其他營業(yè)支出 600030中信25,0333,5711,4851,40114,3934,18310,022 600837海通9,2933,0418392,0931,5071,8125,125 000776廣發(fā)5,9463,0637638801831,0573,442 601688華泰6,2303,5918491,2542363003,791 600999招商5,2252,2699926896086672,664 601788光大4,4981,8616989082807512,511 000783長江1,8641,259135284321541,395 000728國元1,775792277531141601,078 600369西南1,040508516270(373)120821 000562宏源2,3541,0893641923573511,474 000686東北8106884299(191)172988 600109國金1,0805792461764931773 601377興業(yè)2,3158123213142176511,620 002500山西1,098556156304(10)93837 601099太平洋6662801635414227464 601901方正1,7091,130129534(289)2051,377 000750國海1,27181220018(77)3171,120 601555東吳1,298797335153(42)55991 合計73,50426,6978,51010,15617,03611,10540,492 代碼 2012q1 金額 20120331 營業(yè)收入經(jīng)紀(jì)投行利息自營其他營業(yè)支出 600030中信2,3897483003527422461,285 600837海通2,426616224541677368996 000776廣發(fā)1,790608439255251237956 601688華泰1,574747146264301117944 600999招商1,251478129123361160583 601788光大96942138178156177528 000783長江582268208218924347 000728國元431164161427435241 600369西南35399344714034143 000562宏源9012362143831895539 000686東北2621394828642205 600109國金33710997434741239 601377興業(yè)6661691671220189419 002500山西2511032887(0)35180 601099太平洋1185625728296 601901方正494234121721858310 000750國海35118944(1)5564254 601555東吳3211572470619236 002673西部209134060124132 合計15,6765,6741,8542,5563,6561,9378,631 代碼 2012h1 金額 20120630 營業(yè)收入經(jīng)紀(jì)投行利息自營其他營業(yè)支出 600030中信5,7881,5618966941,8757632,918 600837海通5,0641,2373751,0901,4968672,270 000776廣發(fā)3,9831,2587055359894962,090 601688華泰3,3951,4783365458212141,996 600999招商2,5679432172678413001,398 601788光大2,1138151093495373031,143 000783長江1,2285416419137558708 000728國元8443174625315969484 600369西南705195879523890351 000562宏源1,83545331098776197973 000686東北610273137575489480 600109國金8052582567715064539 601377興業(yè)1,40133830138533362920 002500山西490202291594357391 601099太平洋309107562211410214 601901方正1,10448731316166105657 000750國海788366557229133568 601555東吳6583092611717729471 002673西部46025601124844323 合計34,14711,3933,7635,1209,6214,24918,895 代碼 2012q3 金額 20120930 營業(yè)收入經(jīng)紀(jì)投行利息自營其他營業(yè)支出 600030中信8,1482,2411,3789772,6788734,421 600837海通6,8941,7715711,4932,2068523,615 000776廣發(fā)5,3531,7888698031,5223713,053 601688華泰4,5132,1004878441,057242,797 600999招商3,5861,3563164111,3091932,122 601788光大2,8421,1831385306513401,682 000783長江1,70479090306436821,023 000728國元1,1564446335522173706 600369西南812271126139286(11)568 000562宏源2,4386294662208882351,366 000686東北86738215395116121719 600109國金1,136353370112187114825 601377興業(yè)1,926499721917004641,304 002500山西7732851142227083647 601099太平洋3501519933172(105)315 601901方正1,545699894492031041,090 000750國海1,09951810827280166860 601555東吳9894476316826447720 002673西部692352271738654474 合計46,82416,2605,6017,54813,3314,08328,306 數(shù)據(jù)來源：公司資料，wind資訊 比率同比 凈利潤經(jīng)紀(jì)業(yè)務(wù)占比成本收入比稅率凈利率營業(yè)收入經(jīng)紀(jì)投行 8,98450%40%24%41% 4,54863%42%23%46% 4,92571%41%0%47% 3,79578%44%23%40% 3,72855%42%22%43% 2,82765%30%26%51% 1,37264%45%26%43% 1,03770%40%21%47% 1,00744%39%21%49% 1,15273%46%26%39% 91370%40%23%46% 51669%53%26%37% 1,15555%47%25%37% 61978%46%27%41% 40570%51%0%49% 36,98362%41%43% 比率同比 凈利潤經(jīng)紀(jì)業(yè)務(wù)占比成本收入比稅率凈利率營業(yè)收入經(jīng)紀(jì)投行 1,49947%49%21%37% 1,01154%40%24%45% 87063%41%22%44% 82665%44%23%43% 78154%39%21%49% 34378%52%28%41% 41344%41%25%45% 26357%36%23%50% 13151%51%26%37% 42047%42%24%45% 20158%43%23%44% 8874%55%26%34% 17049%52%25%30% 5880%68%52%22% 7167%56%0%44% 7,14556%45%42% 比率同比 凈利潤經(jīng)紀(jì)業(yè)務(wù)占比成本收入比稅率凈利率營業(yè)收入經(jīng)紀(jì)投行 2,62847%50%24%33% 1,84252%44%23%42% 1,64067%42%21%45% 1,42067%50%19%40% 1,36959%42%15%49% 82963%50%26%43% 49165%49%25%40% 42259%46%17%45% 16163%65%18%28% 73148%44%24%43% 11097%75%19%22% 29646%52%25%36% 33651%54%25%30% 20665%56%24%34% 5684%74%13%23% 12,53957%48%39% 比率同比 凈利潤經(jīng)紀(jì)業(yè)務(wù)占比成本收入比稅率凈利率營業(yè)收入經(jīng)紀(jì)投行 金額 金額 金額 金額 4,02345%52%24%32% 2,75449%46%23%40% 2,73659%41%22%45% 2,40064%47%19%42% 2,05357%41%16%49% 1,39157%46%25%43% 94553%46%25%41% 67454%45%20%44% 40348%53%22%36% 1,12646%43%24%43% 33069%60%22%31% 33344%66%26%27% 59446%53%25%31% 30562%55%29%33% 14966%65%10%32% 20,21553%48%39% 比率同比 凈利潤經(jīng)紀(jì)業(yè)務(wù)占比成本收入比稅率凈利率營業(yè)收入經(jīng)紀(jì)投行 11,31128%41%26%41%26%-29%21% 3,68650%51%23%38%-2%-22%141% 4,02753%45%26%39%-2%-27%255% 3,42562%49%23%38%-7%-26%176% 3,22955%40%18%50%-25%-25%138% 2,20054%44%25%44%-10%-25%98% 1,28355%49%24%40%0%-14%4% 92555%47%23%41%3%-20%118% 80541%46%23%42%-6%-12%98% 1,30652%47%26%40%13%-19%255% 52765%60%23%31%-15%-21%982% 43849%65%28%27%16%-18%333% 78745%56%25%29%-11%-27%280% 43958%61%26%29%-1%-26%332% 20469%64%17%30%-19%-21%2029% 34,59346%46%40%2%-25%101% 比率同比 凈利潤經(jīng)紀(jì)業(yè)務(wù)占比成本收入比稅率凈利率營業(yè)收入經(jīng)紀(jì)投行 1,35732%48%23%39%-15%-43%-29% 1,18539%40%24%44%19%-15%54% 66659%51%22%39%-13%-18%18% 69557%51%25%36%-2%-14%83% 79446%39%22%48%4%-11%-20% 56344%43%25%42%60%-10%493% 33354%44%18%46%-21%-3%-74% 25443%44%24%43%12%-15%62% 29829%33%26%52%61%-10%385% 33947%45%24%42%-14%-13%15% 10563%64%23%28%-18%-10%-93% 15637%58%26%33%82%-9%2281% 21133%55%25%28%36%-8%789% 3570%84%57%13%4%-9%-14% 9237%55%23%35%63%-11%557% 7,08244%47%40%3%-19%44% 比率同比 凈利潤經(jīng)紀(jì)業(yè)務(wù)占比成本收入比稅率凈利率營業(yè)收入經(jīng)紀(jì)投行 2,97327%47%25%40%-5%-45%-42% 2,23535%42%24%43%20%-19%8% 金額 金額 金額 1,34356%48%22%41%-10%-24%58% 1,14460%55%24%34%-5%-16%-19% 1,47642%41%23%45%17%-16%3% 1,13041%45%23%43%36%-12%179% 41565%58%23%38%-11%-12%-5% 44045%49%17%42%10%-16%61% 33536%49%24%41%44%-17%125% 61444%48%25%39%-9%-17%-14% 8972%81%19%15%13%-15%-73% 20547%63%27%29%-14%-12%-43% 38234%57%24%28%25%-16%263% 11464%74%29%21%-9%-11%-62% 13538%60%27%30%85%-17%91% 28869%62%25%30% 15562%69%26%21% 13,473 比率同比 凈利潤經(jīng)紀(jì)業(yè)務(wù)占比成本收入比稅率凈利率營業(yè)收入經(jīng)紀(jì)投行 3,33331%52%26%35%-24%-48%-19% 2,72937%47%23%39%2%-24%22% 1,56059%55%22%36%-29%-29%25% 1,33266%59%25%31%-24%-21%-21% 1,85745%44%22%44%2%-20%18% 1,37544%51%23%39%9%-17%145% 33076%72%27%25%-42%-16%-7% 45950%58%18%35%-14%-21%10% 20260%87%43%29%-37%-22%57% 68049%52%24%36%-28%-22%-27% (18)85%106%50%-3%-36%-20%-81% 23552%68%27%25%-25%-11%-57% 41040%63%25%23%-5%-17%61% 13962%78%29%18%-17%-18%-50% 12243%68%33%22%17%-24%32% 22071%78%28%17% 3277%91%34%4% 14,997 比率同比 凈利潤經(jīng)紀(jì)業(yè)務(wù)占比成本收入比稅率凈利率營業(yè)收入經(jīng)紀(jì)投行 12,57614%40%16%50%90%46%51% 3,10333%55%24%33%95%63%91% 2,06452%58%20%35%58%56%96% 1,78458%61%26%29%70%65%58% 2,00843%51%22%38%81%63%81% 1,54441%56%25%34%89%68%145% 43568%75%32%23%58%72%80% 56345%61%20%32%79%65%111% 26349%79%33%25%54%65%146% 64646%63%27%27%71%63%78% (152)85%122%10%-19%48%62%29% 23254%72%30%21%66%72%40% 43535%70%28%19%85%66%137% 19351%76%30%18%73%64%65% 15742%70%24%24%99%60%134% 25766%81%32%15% 7664%88%35%6% 23261%76%28%18% 金額 金額 26,416 比率同比 凈利潤經(jīng)紀(jì)業(yè)務(wù)占比成本收入比稅率凈利率營業(yè)收入經(jīng)紀(jì)投行 86331%54%24%36%69%69%127% 1,04925%41%23%43%91%60%84% 65134%53%22%36%104%60%285% 48147%60%23%31%83%69%35% 53738%47%20%43%75%62%42% 34143%55%21%35%72%71%21% 17946%60%25%31%80%68%116% 15538%56%18%36%73%65%10% 16028%40%23%45%62%60%20% 27626%60%24%31%111%61%173% 4953%78%23%19%70%59%983% 7232%71%27%21%71%61%44% 16825%63%25%25%87%67%13% 5441%72%23%21%92%54%456% 1647%81%24%14%45%57%45% 13847%63%26%28% 6554%72%25%19% 6149%74%25%19% 5764%63%26%27% 5,374 比率同比 凈利潤經(jīng)紀(jì)業(yè)務(wù)占比成本收入比稅率凈利率營業(yè)收入經(jīng)紀(jì)投行 2,24927%50%23%39%77%76%154% 2,02624%45%23%40%97%67%70% 1,47032%52%22%37%122%68%172% 1,05844%59%23%31%100%73%58% 94937%54%20%37%79%69%30% 82939%54%23%39%80%75%24% 40544%58%27%33%112%77%81% 29738%57%18%35%81%68%23% 28228%50%21%40%86%66%37% 64425%53%25%35%118%67%111% 12345%79%14%20%106%65%709% 19932%67%26%25%114%78%112% 34624%66%28%25%101%71%15% 8641%80%24%17%90%58%87% 7135%69%26%23%68%62%48% 33944%60%26%31% 14946%72%25%19% 13547%72%27%21% 10256%70%27%22% 11,760 比率同比 凈利潤經(jīng)紀(jì)業(yè)務(wù)占比成本收入比稅率凈利率營業(yè)收入經(jīng)紀(jì)投行 2,92028%54%23%36%-14%-23%23% 2,44026%52%23%35%-1%-30%-23% 1,81133%57%22%34%24%-30%46% 1,34547%62%20%30%4%-27%-30% 1,21738%59%18%34%-16%-29%-65% 95942%59%24%34%-19%-23%-77% 55146%60%23%32%27%-22%-7% 37138%61%18%32%-12%-32%-69% 金額 金額 金額 20233%70%17%25%1