招商证券2023年年度报告

6099 2023 助推中國經濟轉型升級 助力社會財富保值增值 • 2023102.52 202312318,696,526,8062,191,524,755.11 AH 2023202320248302023HA 2023 20232019-2023 2022 2019-202320236,9592018128%2019-2023 ROE3%9%0.37AUM 222.990.62014-201853%49%2021202220235785455 202475 2023 20232019-2023 2023ROE1-91-9+10IPO 202310 20232022 2024 /9/13/38/94/210/217/239/255/290/451 02 1850530037000011000095 ୋɚືjʮ̡ᔊʧձ˴ࠅৌਕܸᅺ 19918 3[1991]140 19938 1[1993]3942,500 ୋɚືjʮ̡ᔊʧձ˴ࠅৌਕܸᅺ 19948 26[1994]1611.51994928 199811 6[1997]529[1998]27111.5811 20008 31[2000]15121422 200020011240 20011226[2001]723[2001]285[2001]4940200012311:12,400,280,6382,400,280,638348-11 20026 28[2002]120A38-45 2006[2006]179200512312,400,280,6381,726,915,2667153,226,915,2663,226,915,266 20091117[2009]1132[2009]18A358,546,141286,837,00071,709,14131111.152.32108.833,226,915,2663,585,461,407 201171033,585,461,4071031,075,638,4224,661,099,829 20145[2014]455A1,147,035,7009.7211,149,187,004.0047,450,868.0711,101,736,135.9320145 27201410155,808,135,529 ୋɚືjʮ̡ᔊʧձ˴ࠅৌਕܸᅺ 2016107H12.0010,695,285,600.008,947,439,178.14891,273,800H5,808,135,5296,699,422,31112,982A 201732712,982A6,699,409,329201732420175 176,699,409,329 20181112111 202078[2020]723[2019]1946AHA1,702,997,123H294,120,354H6,699,409,3298,696,526,806AH731820AH127.0424.07126.8323.492020126,699,409,3298,696,526,806 ୋɚືjʮ̡ᔊʧձ˴ࠅৌਕܸᅺ ୋɚືjʮ̡ᔊʧձ˴ࠅৌਕܸᅺ ୋɚືjʮ̡ᔊʧձ˴ࠅৌਕܸᅺ 16[2022]3120231118 20221231 202312 2023111620221231 ୋɚືjʮ̡ᔊʧձ˴ࠅৌਕܸᅺ 1 2 22020 78AH343420190.9720190.97 20232023300.202.33%87.648.60%7.91%0.372022 1 (1) 2023A240.722.88%20237,272.23267.26%136.992019202313.85%ETFETF22019202340.24% APP20231,7768.03%3.72APP(MAU)4.7%5APP720237.79%2 202350e20233.20%5.67%20239497935e5.8646.56202276.00% 1.2.303.8004. 202385.01568.5125.60%6.28%20231.423.92%234.654.85%CTA+2023504.7451.22% APP20231,699.4320231,672.91 (2) 20232023A1.657.17%1.589.33%715.9725.33% 827.61278.95%227.75211.31%185.29254.93% 202325.4522.22%386.90% (3) 2023202327.605.7220226.03%2.87% 2023ETF 20235079%12.22% 20232,51830094%93%75% 2023TMT10+++ +ISAE3402SOC2 (System and Organization Controls) type Itype IIT0MOM 20234.304.32%3.470.19%Wind21.91% 2 2023IPO (1) 2023IPOAWindA8339,122.4318.33%35.35%AIPO3143,589.7131.27%5195,532.7237.75% 2023IPO6758.7056.18%164.1628.34% 2023WindA9117552,6973IPODealogicIPO617129.72 2023Wi-FiBOPPAIPOIPOIPO IPOWind2023AIPO279IPO7644145 (2) 2023Wind45.1510.76%18.855.60%3.8624.75%9.995.72%ABS1.886.80%386.5448.79% REITsWind20233,258.0618.49%3,221.06866.11%32.05%ABSABSABS27REITs2021REITs3252.22299.64 2023REITsREITREITsREITABS1202320232023""2023 (3) 20234.892.8722%Wind9,0572.0023.20%4,2751.210.56% Wind20232A111.35Wind20232336017.6 3 (1) 2023202319.16%20228.27% FOF20232,948.54 (2) 202320231.8215.47%6,928.2623.67%3,9469.60%IPO 962.2520231512.35202382023203.839 (3) 2023 49%ETFETF100ETF500ETFETFETFETF 15,64920224.87%9,49620220.43%5,31620224.31%Wind202372 45%ETF 15,50420224.85%8,606202211.70%5,75620222.62%Wind202341 4 20232023A4.78% 20233,746.0421.42% ETF88AA437AA39 148.40%60.46%66.73%30748.96% G720239 10 2023GDP5.2%2023 2023A300503.70%13.54%19.41%11.38%11.24%13.82%5014.92%4.78%A9,9472.88%IPOAIPO3143,589.7131.27%5195,532.7237.75%18.855.60% 30 1 A+H 2 3 26513 4 IT 5 2023300.2092.9687.642.33%8.96%8.60%7.91%0.37 2023300.206.852.33% 14.3212.02%12.201.16AH 3.082.88%5.132.88 16.1531.57%47.234.9319.6520.04 1.9411.86%1.07 22.082.429.88%3.08 95.231.972.11%5.902.612.891.9910.66 58.290.260.44% 1.881.1337.51%0.290.530.49 36.331.233.28%0.730.87 4 4.1 12.066.75%AH0.201.36%2.4619.70%17.6326.22%4.1819.78% 5.400.180.915.351.23 4.2 5.073.96%0.8417.54%4.738.15% 5 20236.25157.69240.9577.01 (1)2022395.35(2)202249.65(3)2022287.15 20236,958.532022841.7613.76%5,780.012022727.0114.39%12022660.872022105.32202223.20 20231,546.74202273.384.53% 202321.23%53.83%19.18%1.69%0.49%1.203.392.260.070.03 20235,738.162022773.9615.59%2022318.782022218.792022162.592022114.7538394051525354 4,559.642022659.2216.90%78.89%20221.70 20231,219.61202267.875.89%87.6416.095.72 7 409.875.89% 1 309.69 3 1. (1) 10 202356.6253.0020238.372.64 (2) 64.54 2023452.7194.18202319.592.21Baa2 (3) 35.982023411 2023594.9550.14202330.804.06 (4) 2118 202341.9821.2020231.72690.41 (5) 10171 2023105.0899.0220238.156.30 2. (1) 49%1998713 2023122.2293.09202345.8815.24 (2) 45%200212 27 2023141.5193.25202352.9417.53 202312315020231231342.96 1. 2. 20235,738.164,559.641,219.9226.75%570.2612.51%19.080.42%1,426.8531.29%61.831.36%270.615.93% 3. 2023 1. 2023 (1) APP9.0IaaSPaaS3AIAIAIAIIT9 2021FPGA20222023 (2) 2. ; 61427 1. 20237 2420237242023818 2. 3. 202310 30 2024 IPOIPOREITs 1 (1) (2) (3) 2006 (4) (5) CMS-RISKT+1 2 (1) (2) (3) (4) VaR VaR VaRVaR195%VaRVaR VaRVaRVaR VaR (5) VaRGreeks 3 (1) (2) (PD)(LGD)(M) (3) (4) 2AAA~AA-AA-AAAA-1 AAaa~A3AAA~A-AAA~A-BBaa1~B3BBB+~B-BBB+~B-CCaa1~CCCC+~CCCC+~CDDD 4 (1) (2) 5 (1) (2) (3) 6 (1) (2) 7 T+