The quarterly report of head securities companies is coming! The net profit of China Securities Construction Investment Co., Ltd. doubled in the first three quarters

category:Finance
 The quarterly report of head securities companies is coming! The net profit of China Securities Construction Investment Co., Ltd. doubled in the first three quarters


In the first three quarters, the net profit attributable to the mother increased by 96% year on year

According to the third quarter report released by China Securities Construction Investment Corporation, the net income from securities business of agency trading was 3.53 billion yuan, with a year-on-year increase of 61.11%; the net income from investment banking business was 3.945 billion yuan, with a year-on-year increase of 55.81%; and the self operating income (investment income - investment income of joint ventures and joint ventures + net income from changes in fair value) was 6.085 billion yuan, with a year-on-year increase of 105.31%.

Investment banking business is the strength of CSCI securities, and its advantages are more and more obvious under the catalyst of capital market reform. According to wind data, in the first three quarters of this year, the total initial raised capital underwritten by the securities industry was 355.738 billion yuan, a record high in the past 10 years. Among them, CSCI securities underwritten 66.862 billion yuan, accounting for 18.80% of the market share, ranking No.1. Bond underwriting also performed well. In terms of corporate bonds, CSCI has made great achievements

Of course, we also need to pay attention to the fact that the net interest income of CSCI securities in the first three quarters was 1.071 billion yuan, a year-on-year decrease of 9.15%; during the same period, the company realized a credit impairment loss of 235 million yuan, which was mainly caused by the provision of impairment losses of repurchase financial assets, financing funds and other debt investment in the current period.

The change of major shareholders will not affect the independence of personnel, assets and finance

A few days ago, China Securities Construction Investment announced that the companys change of major shareholders was approved by the China Securities Regulatory Commission, and Beijing Financial Holding Group was approved to accept 2.684 billion shares of China Securities construction investment securities according to law, becoming its largest shareholder. At the beginning of this year, according to the overall arrangement of the state owned assets supervision and Administration Commission of Beijing, the companys largest shareholder, Beijing State Administration Center, plans to transfer its shares of CSCI securities to Beijing Financial Holding Group free of charge.

Beijing Financial Holding Group is one of the five financial holding companies simulated supervision pilot projects determined by the Central Bank of China. It is a wholly-owned subsidiary of Beijing State Administration Center. It aims to create a financial investment holding platform with complete license plates, resource coordination, business linkage and effective prevention and control. Its main business includes building a fully licensed financial holding platform, supporting the development of the capital, and building the capitals financial technology infrastructure.

In the latest acquisition report released by CSCI securities, the purpose of the acquisition is to optimize the layout of the state-owned economy. This free transfer will help Beijing Financial Holding Group to further implement the strategic deployment of strengthening and optimizing the capital financial industry, expand business scale, enhance capital strength, and build a complete financial industry.

Beijing Financial Holding Group is a wholly-owned subsidiary of Beijing state management center, and its asset scale is not in the same level as that of Beijing state management center. By the end of 2019, according to the special audit data, the total consolidated assets of Beijing Financial Holding Group were 10.893 billion yuan, the total liabilities were 2.031 billion yuan, and the total owners equity was 8.862 billion yuan.

As of the end of the third quarter,

The total number of shareholders of CSCI securities is 184600, including 184500 A-share shareholders and 67 H-share shareholders. Among them, Beijing state-owned capital operation and management center holds 35.11%, Central Huijin 31.21%, CITIC Securities 5.01% and Jinghu holding 4.6%. According to the M & A report, after the acquisition, Beijing Financial Holding Group will directly hold 35.11% of a shares of CSCI, becoming the largest shareholder of CSCI. This acquisition does not involve the adjustment of assets, business, personnel and institutions of CSCI, and will not affect the independence of personnel, assets, finance and institutions of CSCI. In order to maintain the independence of CSCI and protect the legitimate rights and interests of small and medium shareholders of CSCI, Beijing Financial Holding Group undertakes to keep its assets, personnel, finance, institutions and business separate from China Securities. At the same time, Beijing Financial Holding Group has made a commitment that it will not transfer its holdings of CSCI shares within 48 months after becoming a shareholder of CSCI.

Up to now, at least eight listed securities companies have released their third quarter results, and all of them have significantly increased their performance. Among them,

In the first three quarters, the revenue was 1.152 billion yuan, with a year-on-year increase of 70.78%; the net profit attributable to the parent company was 660 million yuan, with a year-on-year increase of 116.08%, and the performance doubled.

In the first three quarters, Western securities achieved a revenue of 3.660 billion yuan, a year-on-year increase of 22.55%; the net profit attributable to the parent company was 926 million yuan, with a year-on-year increase of 77.39%. Among them, the net profit attributable to the parent company in the third quarter increased 355.96% - 403.96% year-on-year, which was mainly due to the rapid growth of securities brokerage and investment banking income in Western China, and the decrease in the impairment of financial assets. In addition, the net profits of Great Wall Securities, first venture capital, Guohai Securities and Guoyuan securities all increased by more than 50%. Founder Securities achieved a net profit of 1.482 billion yuan to the parent company in the first three quarters, with a year-on-year increase of 37.90%. The net profit of Guoyuan securities in the first three quarters is expected to be 1.05-1.12 billion yuan, with a year-on-year growth of 50.06% - 60.06%, which is mainly due to the large growth of the parent companys self operated securities investment income, brokerage and investment banking service fees. Guohai Securities also said that during the reporting period, the companys financial market, securities self-management, brokerage business, investment banking, asset management and other businesses were realized year-on-year The net profit attributable to the parent company was 918 million yuan, up 58% year on year. Source of this article: securities times, securities companies China editor: Zhang Mei_ NF2100

In the first three quarters, Western securities achieved a revenue of 3.660 billion yuan, a year-on-year increase of 22.55%; the net profit attributable to the parent company was 926 million yuan, with a year-on-year increase of 77.39%. Among them, the net profit attributable to the parent company in the third quarter increased 355.96% - 403.96% year-on-year, which was mainly due to the rapid growth of securities brokerage and investment banking income in Western China, and the decrease in the impairment of financial assets.

In addition, the net profits of Great Wall Securities, first venture capital, Guohai Securities and Guoyuan securities all increased by more than 50%. Founder Securities achieved a net profit of 1.482 billion yuan to the parent company in the first three quarters, with a year-on-year increase of 37.90%.

The net profit of Guoyuan securities in the first three quarters is expected to be 1.05-1.12 billion yuan, with a year-on-year increase of 50.06% - 60.06%, which is mainly due to the large growth of the parent companys self operated securities investment income, brokerage and investment banking service fees;

Guohai Securities also said that during the reporting period, the companys financial market, securities self-management, brokerage business, investment banking, asset management and other businesses all achieved year-on-year growth, with a net profit of 918 million yuan to the parent company, a year-on-year increase of 58%.