Changjiang securities plans to spend 654.38 billion yuan to buy a house. How much profit does the brokerage company have?

1. The brokerage industry is a typical cyclical industry. When the stock market is generally bullish, the profits of brokers are often unimaginable to ordinary people. However, when the stock market is generally depressed, the profits of brokers can be so low as to shock investors. Take changjiang securities as an example. It plans to spend 654.38 billion yuan to buy a house, and its net profit in 2020 should exceed 2 billion yuan. According to the net profit data in recent years (the data in 2020 has not been published), changjiang securities's 2017-201545438+010/million yuan, 257.2 million yuan,16.58 million yuan.

2. The profits of the brokerage industry mainly come from several major businesses: traditional brokerage business and credit business (credit business refers to the business involving customer credit such as margin financing and securities lending), wealth management business, investment banking business and self-operated business.

3. When the securities market is prosperous as a whole, the trading volume of customers is huge. At this time, brokerage business and credit business benefit the most, and such business often accounts for an important proportion of brokerage business income. For large leading brokers such as CITIC Securities, brokerage, credit and other businesses account for about 25% of the total revenue, while for some small brokers, the income from brokerage, credit and other businesses can even exceed 50%. In addition, the self-investment business and wealth management business are also deeply influenced by the quality of the securities market environment itself. Investment banking mainly refers to the business of issuing stocks and bonds, which is relatively less affected by the stock market, but the beneficiaries of such business are often concentrated in large brokers with strong comprehensive ability, and the income of small and medium-sized brokers is relatively low. Therefore, on the whole, the brokerage industry can be described as an industry that depends on the weather, and the difference between bull market and bear market has a great influence on the difference of its net profit.

4. In addition, changjiang securities's huge investment in Gai Lou also has its own considerations, mainly because the company needs to reduce operating costs such as rent. After all, for brokers, the rental cost is also very expensive in the long run.