In the impression of most people, investment banks are basically equal to high salaries. The latest financial report released by CICC undoubtedly confirms this point. Compared with other industries, the financial industry's ability to create wealth cannot be underestimated.
As a leading domestic brokerage firm, although CICC's semi-annual report is "long overdue," it still cannot conceal its strong growth momentum.
According to financial reports, CICC's revenue increased by 37.8% year-on-year to 14.46 billion yuan; the net profit attributable to the parent company increased by 64.1% year-on-year to 5.01 billion yuan. Among the 45 A-share listed securities firms, CICC’s performance growth is clearly at the top of the industry.
This is not the first time that CICC has delivered such a brilliant financial report. Wind data shows that from 2017 to 2021, CICC has achieved revenue and net revenue for five consecutive years. Year-on-year growth in profits.
And behind this, the employees of CICC have also made a lot of money. According to the company's 2020 financial report, calculated based on the total salary of 10.831 billion yuan and the staff size of 9,372 people. The per capita annual salary of the company has reached 1,155,700 yuan, topping the list of brokers and leading Internet companies such as Tencent. .
What shocked the industry more was the salary of the senior executives of CICC. Data in 2020 show that the total remuneration of directors and supervisors of CICC reached 168 million yuan. Among them, 7 of them had a pre-tax annual salary of more than 10 million yuan.
Investment banking business is still CICC’s main source of revenue. In the first half of this year, CICC's investment banking business increased by 34.63% year-on-year, and its net income reached 2.694 billion yuan.
Whether it is A-share IPO projects, Hong Kong stock IPO projects or overseas claims, CICC has achieved a certain degree of growth in the first half of this year.
In addition to the gold medal business, CICC's financial management business in the first half of the year also performed well, basically reaching the level of "equal to the investment banking business".
As of June 30 this year, CICC's product inventory has increased by 91% year-on-year, successfully surpassing 200 billion, and private wealth management business has grown rapidly.
In fact, regarding the abnormally high salaries of securities companies such as China International Capital Corporation, the Economic Daily and others have long issued an article that this phenomenon will damage the interests of shareholders first, and secondly Affected the realization of social justice.
For example, in 2020, CICC will only distribute 869 million yuan in dividends to shareholders. Compared with the 10.8 billion employee benefits and remuneration, the dividends paid by shareholders are "insignificant."
Actually, this is not the case of CICC. Looking at the annual reports issued by domestic and large securities companies, it is not rare that the pre-tax remuneration of directors and supervisors exceeds 5 million. This also explains why so many graduates rush to enter the brokerage industry every year.The attractiveness of securities firms and investment banks has even surpassed that of banks.
But investors are not so lucky. According to the "Annual Report on the Behavior of Chinese Stockholders in 2020", in 2020, 26% of investors are losing money, and there are many sayings in the stock community that "50% of retail investors lose money".
In fact, regarding the unusually high salaries of securities companies such as China International Capital Corporation, the Economic Daily and others have long issued an article that this phenomenon firstly harms the interests of shareholders and secondly affects the realization of social justice.
Now that "common prosperity" has become the theme, whether the financial industry's abnormally high salary will be adjusted, we will wait and see. And what role will CICC play in this tide?
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