Four-in-one investment in public stocks》ETF gained 2 trillion yuan in half a year Private stocks eat meat while public stocks drink soup

Taiwan's stock market is booming, and although the profits of public financial holdings and securities companies are growing, compared with the explosion of private financial holdings, they can only be regarded as soup. (File photo)

[Reporter Gao Jiahe/Taipei Report] The performance of Taiwan stocks this year has been extremely bullish, and the size of ETFs has increased by more than 2 trillion in just half a year. The four major public-share financial holdings, Mega, First, Huanan and Heku, have recently promoted the four-in-one investment and credit sector. According to the consolidated financial report for the first half of the year, the public-share securities businesses are "climbing their own mountains". Even if the four companies make a combined profit, they cannot beat the private Yuanta Financial Holdings. Private financial holdings have made great fortunes in Taiwan stocks, and public financial holdings are left with nothing to do.

According to statistics from the Investment Trust and Investment Consultants Association, as Taiwan's stock market continues to hit new highs, the size of various domestic index stock funds has surged to over 10 trillion yuan from 6.5 trillion yuan at the end of June last year to the end of June this year, with an increase of 2.7 trillion yuan in the first half of this year.

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Looking at the investment trust business, Heku Investment Trust's net profit after tax in the first half of this year reached 236 million yuan, compared with 125 million yuan in the same period last year, an annual growth rate of 88.8%, which is the growth rate among the four public investment trusts; First Gold Investment Trust's net profit after tax in the first half of the year was 192 million yuan, compared with the same period last year. 82 million yuan in the period, with an annual growth rate of 134%; Mega Investment Trust's net profit in the first half of the year was only about 104 million yuan, with no explosive growth; although South China Yongchang Investment Trust turned a profit in the first half of this year, the profit base period was extremely low, and it also missed the management fee income bonus driven by this wave of ETFs.

Compared with the private Yuanta Investment Trust, which made a huge profit of 2.967 billion yuan in the first half of the year, the profits of the four major public investment trusts were all about 200 million yuan, or even lower. The gap was more than ten times; the four companies combined could not beat one of them.

Although the investment trust business can only "eat soup", the profits of the four major public stock securities companies in the first half of the year have doubled. South China Yongchang Securities' after-tax net profit in the first half of the year reached 3.234 billion yuan, compared with 631 million yuan in the same period last year, an annual growth rate of more than 412%, and its explosive power is the highest among public stocks.

First Gold Securities’ net profit after tax in the first half of the year was 1.411 billion yuan. Compared with 298 million yuan in the same period last year, the annual growth rate was also as high as 373%; Heku Securities successfully reversed the decline, from a loss of 96 million yuan in the first half of last year to a huge profit of 1.379 billion yuan in the first half of this year.

However, the total profits of the four major public stock securities companies (Mega 3.526 billion yuan, South China Yongchang 3.234 billion yuan, First Gold 1.411 billion yuan, and Heku 1.379 billion yuan) totaled about 9.55 billion yuan. Compared with Yuanta Securities’ first half net profit of 24.528 billion yuan, the total profit of the four major public stock securities companies was less than 40% (about 38.9%) of that of Yuanta Securities.

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