Caitong Securities (601108)： Steady performance, Silicon Valley Jiayin’s reduction in shares completed
Caitong Securities (601108): Steady performance, Silicon Valley Jiayin’s reduction in shares completed
Event: Caitong Securities released its semi-annual report for 2019 and achieved operating income22.840,000 yuan, an increase of 25 in ten years.66%; net profit attributable to mother 7.32 ppm, an increase of 25 in ten years.29%; EPS is 0.20 yuan / share, a decrease of 9 from the end of the previous year.1%.As of the end of the reporting period, the company’s total assets were 615.3.6 billion, an increase of 4 over the end of the previous year.84%, net assets 191.68 ppm, an increase of 2 from the end of the previous year.18%.Return on statutory average net assets 3.63%, increasing by 0 every year.85 units. The securities brokerage business takes root in the province and strengthens the introduction of financial products.The company’s securities brokerage business realized income 5.97 ppm, an increase of 23 per year.06%.The company actively lays out quantitative hedging private equity products, trust products, and 300,000 fixed income products.As of the end of June 2019, the company had a total of 140 securities branches, including 111 in the province and 29 outside the province. The development of investment banks is stable, and the advantages of bond underwriting business are prominent.Report budget, income from investment banking1.27 ppm, an increase of 105 in ten years.89%, 夜来香体验网 revenue accounted for 5.56%.The number of completed equity projects and the number of declarations of the company have increased. The Yunda Share Issuance Project and the Feida Kaida Convertible Bond Project have all been successfully issued, totaling the project financing amount.47 million; the total scale of corporate bond underwriting is 109.23 ppm, an increase of 81 in ten years.04%; the scale of corporate bonds and corporate bonds underwritten by enterprises in Zhejiang Province ranks first. The scale of asset management increased, and proactive management capabilities improved.As of the end of June, the total scale of assets under management of Caitong Asset Management was 1,443 trillion, an increase of 1 earlier.4%, of which the scale of active management was 108.6 billion yuan, an increase of 7 from the beginning of the year.6%.In the first half of 2019, the fund manager’s stock investment active management capability evaluation ranked first among 108 fund companies. Liangrong’s business grew steadily, and the stock pledge business was at the provincial level.As of the end of June, the balance of the two financial institutions increased from 6.6 billion to 7.3 billion.Of the company’s current stock pledge business financing, Zhejiang-listed companies account for about 80%. Silicon Valley Yinjia reduction is completed.Since the implementation of the current reduction plan on May 13, 2019, Silicon Valley Yinjia has achieved a cumulative reduction of 69.98 million shares, accounting for 1 of the company’s total share capital.95%, the existing Silicon Valley Yinjia has completely reduced its holdings of company shares, and completed the reduction plan. Risk reminder: risks brought by secondary market fluctuations, risks brought by changes in industry policies.