Table_MainInfo/2024 04 06 Table_InvestInfo Table_QuoteInfo-15.30%-8.82%-2.34%4.14%10.62%17.10%2023/4 2023/7 2023/10 2024/1 Table_ReportInfo 2023 2024.03.02 2024.03.18 2024.01.29 Table_AuthorInfo:Tel:(010)50949926 Email:S0850515040002:Tel:(021)23185695 Email:2023 Table_Summary 2023 1 2023 9625 4%2023 8 2023 116 2022 123 5%2 2023 1.65 7%270%3 IPO 2023 313 IPO 27%3565 39%11.4 2022 11.7 17%4 2023 5790 20%150 76%1406 49%333 23%5 2023 13.3 28%ABS-45%25%21%5%6 2022 2023 300 11.38%2022 21.63%2023 19.41%2022 29.37%2023 3.7%2022 15.13%A 5.19%2022 18.66%2023 1.63%2022 0.18%2023-4%2023 26 4058 2%1129 4%+44%+37%+30%+711%+205%+99%26 2023 ROE 5.26%2022 0.09 ROE 8.73%8.59%8.12%2023 2022 3.58 3.67 Top10 2022 4.55 4.54 1 14%26 737 14%93 11%13%0.4 2 IPO 24%26 360 24%+87%+33%+2%20%10%0.5 3 26 398 1%24 5.5 9%4 26 1086 54%24 3.8 7%3.46 8%91%3344 1%9%+13%2024+13%12%4%7%10%10%2024 3 29 1.2x 2024E P/B II PB 1.2 2 1.2023.5 1.1 9625 4%.5 1.2 9%25%.5 1.3 IPO 28%.5 1.4.7 2.2023 4%.7 2.1 14%.9 2.2.10 2.3.13 2.4.13 3.2024+8%.14 3.1.14 3.2.15 3.3+.16 3.4 2024+13%.18 YWFUuNqNmPmNrPnOnQrOmN8OcM6MmOpPnPsOjMmMnRfQnNoR9PnMrRxNnNoMwMoOuM 3 1 2021-2023.5 2.5 3 2020.5 4%.5 5 2013-2023 IPO.6 6 2015-2023 IPO.6 7 2015-2023.6 8 2016-2023.7 9 IPO 2023 12 31.12 10.17 11.17 12.17 13.17 14 II PB 2024/3/29.20 4 1.7 2 2023.8 3 2023.8 4 2023.9 5 2023.10 6 2023.11 7 2023().11 8 2022 2023.12 9 2023.13 10 2023.14 11 2022 2023().14 12 2023%.15 13 2023.16 14.16 15.18 16.18 17.19 KggMuCy8dqHY53k4ozkP8ciCYydMK33bsDsO0TSEcfZMxOLHSELA22gRgFVTTcSY 5 1.2023 1.1 9625 4%2023 4%2023 9625 4%2015 4 2023 8 2023 116 2022 123 5%1 2021-2023 02000400060008000100001200014000160001 月 2 月 3 月 4 月 5 月 6 月 7 月 8 月 9 月 10 月 11 月 12 月2021 2022 2023 Wind 2 0 50 100 150 200 250 300 05000100001500020000250002015-5-82015-9-112016-1-152016-5-272016-9-302017-2-172017-6-232017-11-32018-3-162018-7-272018-12-72019-10-312021-4-302022-10-31 2019 2 22 2019 2 1.2 9%25%7%100%80%2023 1.58 9%2023 10 25%716 1.65 7%2023 270%2022 3 2020 050001000015000200002020-012020-042020-072020-102021-012021-042021-072021-102022-012022-042022-072022-102023-012023-042023-072023-10 Wind 4%200.00220.00240.00260.00280.00300.00320.00 Wind 1.3 IPO 28%6 IPO 2023 8 IPO IPO 2023 26 2022 36 IPO 27%2023 313 IPO 3565-39%2023 11.4 2022 13.7 17%2023 IPO 6%2022 4.9%IPO 80%2017 10 IPO 19 IPO IPO 2023 2022 Wind 2023 315 279 88.6%5 2013-2023 IPO 0100200300400500600010002000300040005000600070002013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 Wind 6 2015-2023 IPO 0%5%10%15%20%25%30%35%2015 2016 2017 2018 2019 2020 2021 2022 2023 Wind 2023 2023 5790 20%150 76%1406 49%333 23%7 2015-2023 0 2000 4000 6000 8000 10000 12000 14000 16000 18000 2015 2016 2017 2018 2019 2020 2021 2022 2023 Wind 2023 13.3 28%ABS-45%25%21%5%7 8 2016-2023-20%-10%0%10%20%30%40%50%60%70%80%0200004000060000800001000001200001400002016 2017 2018 2019 2020 2021 2022 2023()(%,)Wind 1.4 2022 2023 300 11.38%2022 21.63%2023 19.41%2022 29.37%2023 3.7%2022 15.13%A 5.19%2022 18.66%2023 1.63%2022 0.18%1 300 A 2021-5.20%12.02%4.80%2.28%9.17%2022-21.63%-29.37%-15.13%0.18%-18.66%2023-11.38%-19.41%-3.70%1.63%-5.19%Wind 2.2023 4%26 2%4%2024 3 29 26 2023 2023 26 4058 2%1129 4%+44%+37%+30%+711%+205%+99%ROE 26 2023 ROE 5.26%2022 0.09 ROE 8.73%8.59%8.12%2023 2022 3.58 3.67 Top10 2022 4.55 4.54 8 2 2023 2023 ROE 2022 ROE 2023 杠 杆率（倍）2022 杠 杆率（倍）60068-8%19721-7%7.81%8.67%4.35 4.06 36578 14%12751 15%8.12%7.49%4.25 4.20 36141 2%9374-19%6.02%7.88%5.00 4.82 33644 0%7879 2%7.52%8.21%4.16 4.83 23300-7%6978-12%5.66%7.23%4.05 3.99 23243-16%7034-6%8.59%9.99%4.33 4.30 22990-12%6156-19%6.43%8.88%5.18 5.61 22953-12%1008-85%0.61%3.99%3.97 3.88 21501 4%4606 65%4.72%2.93%5.38 5.40 19821 3%8764 9%7.91%7.54%4.74 4.39 17459 2%2357-20%4.67%6.04%3.90 3.66 17090-9%2754-9%3.45%4.16%3.46 3.17 12762 37%1800 205%4.71%1.61%3.43 3.57 11081-11%8193-4%11.94%14.40%2.43 2.23 10031-7%4271 34%6.91%5.27%3.04 2.96 7119-8%2152 0%4.88%5.09%4.26 3.51 6355 19%1868 8%5.99%5.32%3.10 3.10 4188 16%327 31%1.70%1.34%2.49 3.05 3652 16%1274 8%6.20%5.98%3.04 2.83 3483 1%1467 20%8.73%9.39%3.42 3.37 2955 13%671-13%3.89%4.62%4.39 3.79 2329 30%602 95%2.39%1.23%2.86 2.70 2012-18%397 13%5.25%4.81%3.41 3.13 1968 5%212 99%1.53%0.78%2.89 2.79 1874-1%-30-93%-0.27%-3.91%1.95 1.84 1201 44%312 711%1.36%0.17%1.87 1.85 405800-2%112899-4%5.26%5.35%3.67 3.58 Wind,2023/25%/12%/13%/12%/37%2022 31%/15%/12%/17%/25%2023 2022 3 2023 18%12%19%8%43%21%12%17%4%46%23%14%16%11%36%28%3%3%23%43%26%3%38%15%18%24%25%7%9%35%24%20%7%-7%57%26%26%14%31%4%24%9%6%2%58%33%9%5%10%44%28%17%4%35%16%19%16%21%19%25%25%13%19%16%27%56%0%0%15%29%27%12%12%21%29%44%3%3%23%27%18%5%3%45%29%32%8%9%20%32%28%4%18%16%34%27%6%9%16%42%19%18%16%3%45%28%7%1%16%49%32%6%6%17%39%29%6%3%8%53%55%7%0%21%16%14%5%4%42%34%2023 25%12%13%12%37%9 2022 31%15%12%17%25%Wind,2.1 14%14%2023 26 739 14%93 11%13%0.4 28%21%19%4 2023 9107-10%1694 19%5788-12%4.9%0.028%718 12%5390-16%8.0%0.012%646 12%5261-10%4.0%0.024%790 15%5016-16%5.4%0.018%425 8%4942-15%470 10%4659-10%816 18%4417-13%1255 28%4291-10%191 4%3669-19%195 5%3472-18%3.4%0.020%245 7%2726-9%250 9%2600-22%2.2%0.023%224 9%2470-8%364 15%2359-16%491 21%1777-14%222 12%807-25%35 4%761-5%58 8%757-10%0.6%0.033%79 10%692-17%22 3%634 1%34 5%624-24%17 3%536-47%29 5%515-6%33 6%437-16%15 4%146-16%1 1%73852-14%0.020%9319 13%Wind,2023+12.5%20.5%ETF 10 5 2023 2023Q4+2023Q4 1469 3.67%1902 9.75%1345 9.71%1597 16.83%867 155.00%993 135.87%855 4.14%1094 15.40%793 16.11%949 28.94%701-3.04%853 5.70%656 14.89%703 18.15%524 9.85%573 12.13%501 0.40%766 20.06%442 47.83%605 52.39%422 15.62%502 17.29%408 14.61%551 23.82%392-1.26%429 4.89%360-5.76%438 7.62%283 12.75%356 18.27%279 12.50%328 19.71%274-4.86%313 0.97%264 48.31%337 87.22%240-8.40%267-5.65%229 2.69%240 3.00%226 7.11%241 13.15%162 4.52%173 8.13%115 4.55%168 29.23%111 9.90%118 14.56%92-5.15%140 10.24%87 29.85%96 26.32%80 35.59%126 46.51%78 16.42%93-13.08%76 4.11%101 34.67%69 11.29%73 14.06%63 16.67%70 18.64%62 14.81%82 17.14%50-1.96%138 62.35%50 2.04%59 9.26%47 17.50%74 29.82%46 4.55%57 26.67%45 21.62%57 11.76%44 22.22%54 17.39%42 5.00%54 10.20%38 5.56%42 7.69%34-8.11%46 15.00%2.2 IPO 24%IPO IPO 2023 26 360 24%+87%+33%+2%-74%-66%-60%2023 20%10%0.5 11 6 2023 6293-27%550-37%9%4796-19%357-12%7%3702-47%747-21%20%3688-14%223-3%6%3421-18%284 10%8%3037-25%237-47%8%1510-13%63-48%4%1488-11%159 4%11%1445-23%210-15%15%1349 33%131 23%10%1302-7%155 16%12%1031-20%32-30%3%566-7%38-8%7%548-20%62 21%11%489 2%72 16%15%211-60%52-37%25%206-74%50-49%24%158-20%13-33%8%154-17%50 10%33%138-23%51-19%37%121 1%33-40%27%113-29%26-21%23%104 87%14-20%13%92-66%31-10%34%56-33%12-29%22%10-56%4 326%39%-24%3651-20%10%-24%Wind,2023 7.35 58%2022 60%IPO 2023 IPO TOP5 56%4 7 2023()合计 首发 增发（主承销）增发（财务顾问）配股 可转债 债券承销 机构名称 金额 金额 市场份额 金额 市场份额 金额 市场份额 金额 市场份额 金额 市场份额 金额 市场份额 21176 500 14%994 26%481 45%101 76%206 14%19100 14%15802 394 11%523 14%34 3%99 7%14849 11%12643 322 9%491 13%2 1%30 2%11595 9%12928 170 5%333 9%145 13%6 4%260 18%12274 9%10979 317 9%132 3%114 8%10493 8%4460 44 1%7 0%0%2 0%4409 3%5524 466 13%143 4%17 1%4847 4%3934 69 2%27 1%0%0%31 2%3838 3%3508 74 2%91 2%45 4%0%40 3%3298 2%3620 0%0%4 0%3586 3%3842 82 2%44 1%0%6 4%0 0%3710 3%2657 87 2%73 2%121 9%2497 2%2566 92 3%87 2%0%12 1%2387 2%2812 20 1%0%79 6%2724 2%2609 28 1%0 0%2550 2%1782 59 2%9 0%2 1%35 2%1710 1%1616 50 1%28 1%1532 1%1228 11 0%25 1%0%1192 1%1262 71 2%0%17 1%1085 1%550 1 0%3 0%544 0%741 5 0%735 1%1502 32 1%13 1%1440 1%12 1336 9 0%1266 1%857 857 1%529 21 1%25 2%487 0%442 28 1%10 0%1 0%404 0%218 9 0%0 0%171 0%689 24 1%651 0%828 0 0%8 0%0 0%819 1%397 70 2%12 0%0%8 1%315 0%291 1 0%46 1%0%244 0%467 29 1%4 0%435 0%172 0%27 1%0 0%145 0%283 10 0%273 0%159 5 0%14 0%0 0%141 0%291 0%7 0%280 0%172 0%172 0%77 0 0%77 0%72 72 0%133 133 217 3 0%205 0%79 76 0%237 5 0%232 0%189 184 0%79 4 0%73 0%128 2 0%124 0%74 9 0%64 0%126158 3064 86%3193 84%704 66%116 88%1120 79%118288 88%TOP5 73528 2000 56%2485 65%704 66%116 88%800 56%68312 51%2022 top5 60%79%90%37%62%59%Wind 9 IPO 2023 12 31 Wind 8 2022 2023 2023 2022 IPO 通过率 并购重组通过率 配股通过率 IPO 通过率 并购重组通过率 配股通过率 中信证券 92%100%100%91%91%100%中信建投 81%100%93%100%0%华泰证券 94%100%100%96%100%100%广发证券 100%中金公司 80%100%100%92%100%100%招商证 券 93%50%100%海通证券 92%97%国泰君安 93%82%100%光大证券 73%国信证券 100%85%Wind 13 2.3 2023 26 398 1%2023 24 5.5 9%9 2023 9849-10%13885-2%7728-14%2047-25%4256 13%4755-1%4097 149%5431 25%2029-23%2358-17%1987 260%1221-44%1914-15%707-20%1314 34%4694-2%1213-11%5526-21%1009-33%3003-18%975-22%2017-30%713-14%2949-7%488 1%607 11%457 4%946-18%443 129%1173 15%369-5%232-11%714-10%183-3%654 0%181-23%577-25%118-38%494-13%105 12%237-2%49 4%37-4%40-11%718-6%14-40%142 7%6 67%5-33%20 5%39773 1%54909-9%Wind 2023 2.4 2023 2023 26 1086 54%2023 2023 24 3.8 7%3.46 8%91%3344 1%9%14 10 2023 投资净收益 同比 投资净收益 同比 21846 24%1705 54%11670 94%1415 7234%10556 0%1243 7%9125 30%1177 8974 77%1097 87%7658 37%936 1807%6842 51%904 46%6730 32%800 49%3567 182%742 94%2815 635 219%2516 129%481 2388 26%351 423%2226 100%229 86%108629 54%Wind 11 2022 2023()2023 年 2022 年 权益类 权益类占比 债券类 债券类占比 合计 权益类 权益类占比 债券类 债券类占比 合计 71790 15%408599 85%480389 48896 12%366608 88%415503 28248 9%274144 91%302393 29014 10%274694 90%303708 26887 7%345017 93%371904 42515 13%294546 87%337062 28974 10%274139 90%303114 38223 13%248429 87%286652 30735 9%317760 91%348495 32989 9%317891 91%350880 29828 9%294249 91%324077 39825 13%271157 87%310982 13677 7%185259 93%198936 15565 8%181689 92%197254 26018 8%283995 92%310013 19802 7%254461 93%274263 9347 4%234094 96%243441 6344 3%213086 97%219429 7068 4%161177 96%168245 6078 4%147945 96%154023 3147 4%82113 96%85260 4431 5%86113 95%90544 27336 15%153770 85%181106 26060 14%153919 86%179978 9970 9%95826 91%105796 9366 12%66246 88%75613 2665 5%51095 95%53760 4048 7%53617 93%57665 666 1%62122 99%62788 1188 2%56272 98%57461 3845 13%26214 87%30059 908 4%23757 96%24664 360 1%25512 99%25872 492 2%26357 98%26849 2395 6%37613 94%40008 2164 6%36482 94%38646 2248 6%38207 94%40455 1778 5%31389 95%33167 7884 17%39363 83%47247 7977 17%38062 83%46038 669 2%40277 98%40947 777 3%27749 97%28526 655 3%25126 97%25781 329 1%22307 99%22636 334413 9%3455673 91%3790086 338767 10%3192776 90%3531543 Wind 3.2024+8%3.1 15 12 2023%187.21 16.32 148.28 124.86 247.80 13.98 152.51 130.84 201.54 16.14 269.72 128.83 243.53 12.03 289.15 129.20 233.36 12.03 222.43 129.57 162.21 14.02 208.63 151.21 192.32 11.44 201.13 132.42 197.71 17.68 223.69 141.88 300.77 11.28 169.61 130.47 177.28 13.12 169.06 138.25 365.27 12.72 203.97 131.89 219.83 15.56 321.51 146.11 319.38 20.08 232.90 145.75 248.53 14.94 222.99 162.26 250.74 21.51 389.81 157.65 298.61 26.18 166.45 168.80 235.56 20.94 449.04 174.76 173.98 13.76 167.36 133.48 353.63 19.58 345.24 174.86 248.71 19.06 198.96 150.69 401.92 46.31 915.10 284.54 Wind 100%120%8%9.6%3.2,2023 26 29.9%1.4%16 13 2023 0.475 35.7%2.5%0.430 30.5%3.1%0.400 38.0%2.9%0.220 30.5%1.8%0.300 32.7%2.2%0.250 27.6%1.1%0.180 14.1%0.6%0.100 129.0%1.1%0.056 30.4%1.3%0.252 25.0%1.8%0.110 30.0%1.7%0.150 46.1%1.8%0.030 11.6%0.5%0.040 7.7%0.3%0.280 30.3%1.7%0.023 8.8%0.3%0.150 35.0%2.3%0.040 78.1%1.2%0.100 36.9%2.2%0.046 10.2%0.3%0.142 59.9%1.3%0.035 38.6%0.9%0.113 30.2%0.8%0.014 30.7%0.4%0 0%0%0.060 90.6%0.8%29.9%1.4%Wind 3.3+2019 50%50%14/2019 11 2020 7 2023 10 2023 11 17 10 JSDA 1000 11 0%10%20%30%40%50%60%70%80%90%100%2013 2014 2015 2016 2017TOP10 TOP11-25 SIFMA NYSE listed 12 2402452502552602652702752807000075000800008500090000950001000002013 2014 2015 2016 2017 2018 2019 2020 2021 2022 JSDA 13 0200400600800100012000500100015002000250030003500400045002013 2014 2015 2016 2017 2018 2019 2020 2021 2022 SIFMA 1,18 15 300ETF 300ETF 50ETF 300 2 2014-2021 13%12%20%2021 1.9 5 6%16 25 29 3 3 3 3.4 2024+13%+13%2024+13%12%4%7%10%10%19 17(2022 2023 2024E 悲观 2024E 中性 2024E 乐观 10030 9625 10000 11000 12000-11%-4%4%14%25%0.024%0.018%0.017%0.018%0.019%-3%-27%-6%0%5%166 166 166 174 182-20%0%0%5%10%1331 984 964 1105 1257-14%-26%-2%12%28%16882 11344 8800 10000 11200 IPO 5869 3565 2800 3000 3200 11013 7779 6000 7000 8000 315 172 149 146 156 IPO 293 160 140 135 144 22 12 9 11 12 104498 128000 118000 128500 139000 3681 3000 3000 3500 4000 30905 40000 35000 40000 45000 69911 85000 80000 85000 90000 270 292 260 295 330 116 79 71 79 102 701 543 480 519 588 0%-23%-12%-4%8%880 532 550 568 585-9%-40%3%7%10%286 225 214 247 281-10%10%-5%10%25%738 1217 1217 1339 1461-50%50%0%10%20%15 100 100 100 100 3950 4059 3525 3878 4271 1423 1378 1410 1551 1709-36%-3%2%13%24%2024 3 29 1.2x 2024E P/B II PB 1.2 Table_PicPe 20 14 II PB 2024/3/29 0 2 4 6 8 10 12 14 16 18 2004-12-312005-04-292005-08-312005-12-302006-04-282006-08-312006-12-292007-04-302007-08-312007-12-282008-04-302008-08-292008-12-312009-04-302009-08-312009-12-312010-04-302010-08-312010-12-312011-04-292011-08-312011-12-302012-04-272012-08-312012-12-312013-04-262013-08-302013-12-312014-04-302014-08-292014-12-312015-04-302015-08-312015-12-312016-04-292016-08-312016-12-302017-04-282017-08-312017-12-292018-04-272018-08-312018-12-282019-04-302019-08-302019-12-312020-04-302020-08-312020-12-312021-04-302021-08-312021-12-312022-04-292022-08-312022-12-302023-04-282023-08-312023-12-29(+1)(-1)wind 21 Table_Analysts Table_Reports,1.6 6 2.A 500 10%-10%10%-10%6 10%-10%10%-10%