At the end of the year, the equity of another small and medium-sized brokerage company will be transferred.
Recently, the listed company Yinzhijie announced that in order to better focus on the main business of financial technology, optimize the asset structure and increase the core competitiveness, it intends to hold 26 East Asia Qianhai1% equity.
It is worth mentioning that in recent years, the industry competition has become more and more fierce, and it is not easy for small and medium-sized brokerages to get out of the road of specialization and differentiation.
Yinzhijie plans to liquidate the equity of East Asia Qianhai**.
On December 26, Shenzhen Yinzhijie Technology Co., Ltd. (hereinafter referred to as "Yinzhijie") announced that it plans to ** its holdings of East Asia Qianhai ** Co., Ltd. (hereinafter referred to as "East Asia Qianhai**"261% equity.
Yin Zhijie said that this time its plan is **East Asia Qianhai**26The 1% equity interest aims to better focus on the main business of financial technology, deepen the action plan of data elements and financial services, optimize the asset structure, and enhance the company's core competitiveness.
Yinzhijie said that the specific transaction is based on the public listing transaction of the property rights trading institution or the appraisal report issued by the qualified asset appraisal agency hired by the company, and is determined after the company's board of directors and shareholders' meeting deliberate and approved.
Yinzhijie said that because the transaction time and transaction amount of this transaction are still uncertain, the company expects that this asset may constitute a major asset restructuring stipulated in the "Measures for the Administration of Material Asset Restructuring of Listed Companies". The transaction is still in the planning stage, and it is not yet possible to predict the profit or loss from the transaction and the impact on the company's current and future financial condition and operating results.
According to the data, the core business of Yinzhijie is financial technology services, in the field of financial information business, the company mainly provides software development, digital financial solutions, financial special equipment and technical services for banks and other financial institutions;Provide banks and other financial institutions and large enterprises with big data platform, machine learning, distributed cloud computing architecture, blockchain platform and other infrastructure construction and governance services. The main financial special equipment products include intelligent seal control machine, intelligent printing and counterfeiting batch stamping machine, etc.
When the Chinese reporter of the brokerage company visited the headquarters of East Asia Qianhai, he learned that the shareholder Yinzhijie has empowered it to a certain extent in terms of related financial information business, and East Asia Qianhai ** also used the intelligent seal control machine and intelligent printing and counterfeiting batch stamping all-in-one machine produced by Yinzhijie.
In the first three quarters of this year, Yinzhijie's operating income was 76.2 billion yuan, down 209%, the net profit loss was 54.23 million yuan, and the loss margin narrowed year-on-year.
Qianhai in East Asia still needs to turn around its losses.
On June 30, 2017, the day before the 20th anniversary of Hong Kong's return to the motherland, the China Securities Regulatory Commission approved the establishment of HSBC Qianhai** and East Asia Qianhai**, as an important achievement of cooperation between Shenzhen and Hong Kong in the financial field in the new era.
At the beginning of its establishment, BEA Qianhai** was jointly initiated and established by the Bank of East Asia*** (hereinafter referred to as "BEA"), Qianhai Financial Holding and two other mainland companies, Yinzhijie and Chenguang Holdings*** ("Chenguang Holdings"). Among them, the Bank of East Asia is the largest shareholder, with a shareholding ratio of 49%, and Yinzhijie is the second largest shareholder, holding 261%, Chenguang Holdings holds 20%, and Qianhai Financial Holdings*** holds 49%。
The data shows that within 6 years after the opening of East Asia Qianhai**, it lost money in the first two years, and made a profit in the third and fourth years, especially in 2020, the net profit reached 43 million yuan, but after 2021, it fell into a loss again. In 2022, East Asia Qianhai** will achieve an operating income of 29.1 billion yuan, a year-on-year decrease of 2321%, net profit loss 16.4 billion yuan.
It is worth mentioning that one of the founders of East Asia Qianhai**.
1. Tian Hong, the former general manager, also resigned in the middle of this year because of disagreement with the concept of shareholders, at that time, the brokerage China had exclusively reported that because Tian Hong participated in the company's founding, shareholder introduction, talent recruitment and other matters, the change of one of the founders may lead to the transfer of equity of other shareholders.
Industry insiders believe that in recent years, the industry competition is fierce, and the concentration of related business is gradually concentrated on the head brokerage, and small and medium-sized brokerages need to go out of the differentiated and characteristic route, otherwise it is difficult to develop and grow, and the return on assets (ROE) of small and medium-sized brokerages may not be high, which also makes some small and medium-sized brokerage shareholders retreat.
The China Securities Association previously released the "2021 ** Company Business Performance Ranking", which disclosed that the return on net assets (ROE) of the whole industry in 2021 was 923%。With the fluctuation of industry performance in 2022, the CITIC ** non-bank team pointed out that it is expected that the industry ROE in 2022 will be 55%-6%, down 227%。
Recently, the Beijing Equity Exchange showed that they held the national capital **595% and 146% of the two shareholders, Tongfang Venture Capital Company and Jiarong Investment, plan to transfer the equity of Guodu, and the reserve price for the transfer is 91.1 billion and 2$2.4 billion.
Prior to the beginning of November, Jinlong shares also issued a major asset restructuring announcement, to transfer 20% of the equity of Dongguan, and then disclosed the progress of the reorganization on December 2, to increase the transfer of Dongguan ** shares up to 40%, and choose to directly clear the Dongguan ** equity.
It is worth noting that HSBC Qianhai**, which was established in Qianhai, Shenzhen at the same time as East Asia Qianhai, has also experienced the "clearance" of Qianhai Financial Holdings, the second largest shareholder.
At the end of December 2021, Qianhai Financial Holdings publicly transferred 39% of the equity of HSBC Qianhai**, with a listing amount of 126.4 billion yuan, and Qianhai Financial Holding was the second largest shareholder of HSBC Qianhai ** when it was established.
In April 2022, HSBC Limited's wholly-owned subsidiary, The Hongkong and Shanghai Banking Corporation Limited***, announced the acquisition of a 39% stake in joint venture partner Qianhai Financial Holdings, increasing HSBC's shareholding in HSBC Qianhai** to 90%.
This time, it is worth paying attention to whether the Bank of East Asia, the largest shareholder of East Asia Qianhai, will follow the example of HSBC and take over the equity of East Asia Qianhai held by the second shareholder Yin Zhijie.
Editor-in-charge: Tactical Heng.
Proofreading: Peng Qihua.