China Merchants Securities 3.2 billion investment banking business increased by more than 50% last year

China Merchants Securities announced the 2010 Annual Report and the 2011 Quarterly Bulletin today. Among them, the annual report shows that the company achieved net profit of 3.229 billion yuan last year, down 13.38% year-on-year, earnings per share 0.90 yuan, down 21.33% year-on-year. The company intends to increase the 3 shares per 10 shares, each 10 shares sent 3 yuan (including tax).　　In addition, the company achieved a net profit of 794 million yuan in the first quarter, an increase of 1.59%.　　From the main business indicators, the company's brokerage business last year to achieve operating income of 4.188 billion yuan, down 20.64%, to achieve operating profit of 2.556 billion yuan, down 31.41% year-on-year. Asset management business, the parent company's caliber asset management business income grew 56.22% per cent year-on-year.　　As of December 31, 2010, the company entrusted funds scale of 9.333 billion yuan, 2009 the same period of 6.027 billion yuan, an increase of 55%, the entrusted capital scale industry ranked fourth, up two. Investment banking business, investment securities last year to achieve business income of 1.412 billion yuan, an increase of 52.41% per cent, to achieve operating profit of 835 million yuan, an increase of 31.89%. Business performance reached record highs. According to the ranking of China Securities Association, in 2010 the company completed the total amount of equity and bond underwriting amounted to 55.013 billion yuan, the market share of about 3.47%, a total of 36 major underwriting projects, the main underwriting number of the market ranked fifth.　　Among them, 20 IPO items, up 150% year-on-year, raising the amount of 19.869 billion yuan, an increase of 186%.　　In addition, China Merchants Securities and securities investment business last year to achieve revenue 382 million yuan, an increase of 16.44%, to achieve operating profit of 301 million yuan, an increase of 2.35%. For the 2011, China Merchants Securities said that the operating principles for "optimize the profit model, improve the quality of business, and strive for greater benefits." To optimize the profit model, we should expand the earning capacity as the center, focus on intensive cultivation, innovate in synergy, deepen adjustment, optimize business model, and realize the coordinated development of capital scale and management ability. To improve the quality of business is to take total quality management as the main line, to the excellence of performance model as the standard, the implementation of the "Five" (that is, synergy, intensive, specialization, refinement, information), and strive to enhance strategic quality, product service quality, management quality, talent team quality, and ultimately improve the quality of the company's growth. For greater benefit, it is to improve the efficiency of cost management through rational allocation of resources, increase the input-output ratio, and to achieve the steady improvement of operating efficiency while striving to expand revenue. Responsible Editor: NF045