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Just announced a profit of 17 in 20230.6 billion to 204.7 billion Zhongtai **, its branches added a new tax arrears information, the amount of "amazing" 185 yuan.
Added bizarre tax arrears information
In other words, Qixinbao recently added a pop-up window, pointing to the Meizhou Binfang Avenue ** Business Department (hereinafter referred to as: Binfang Avenue Business Department) under Zhongtai **shares*** referred to as: Zhongtai **).
Through enterprise investigation, experts also found that the Meijiang District Taxation Bureau of Meizhou City, the State Administration of Taxation issued this tax arrears on January 25 this year, and the business department of Zhongtai ** Binfang Avenue owed VAT in the amount of 185 yuan.
Of course, it is not uncommon for brokerage firms to be involved in tax defaults. Since 2023 alone, Qixinbao has included as many as 11 pieces of information-
However, as a large listed brokerage, the amount of tax owed by its outlets is so small, which is quite unusual. Is this due to negligence, or is there another reason?
The boss of the branch has just taken up his new position
According to the information of the enterprise check, the business department of Zhongtai Binfang Avenue was established on July 16, 2014; During the period of 2021-2022, the number of insured persons is 11.
Judging from the industrial and commercial information, the person in charge of this outlet has changed quite frequently: in one year and two months, there have been three general managers.
Weihai Elite shows that Zhou Mouwen worked in the Zhongtai ** Zhuhai Lovers Middle Road Business Department in January 2011, and served as the general manager of the Binfang Avenue Business Department in August 2014. Withdrew in October 2022. Since then, he has not been registered to practise in ** institutions.
Ms. Ye has a bachelor's degree, worked in Galaxy ** in her early years, and obtained the investment consulting qualification in January 2011. In October 2012, she joined the sales department of Changping Road, Shantou, Zhongtai, and served as the general manager of the sales department of Binfang Avenue in October 2022.
Liu also has a bachelor's degree, worked in Guoxin from December 2014 to July 2023, and worked in the business department of Binfang Avenue in Meizhou; He joined Zhongtai ** in September 2023, and this is his first time as the head of a branch.
It is said that "the new official took office with three fires", and the boss of the sales department did not take office for a long time, and the mood can be imagined.
Regional performance continued to decline
Contrary to the impression of the outside world, Guangdong, outside the Pearl River Delta, may not be financially strong.
In 2022, the operating income of Zhongtai** in Guangdong will be 180.9 billion yuan, down 3561%；Operating profit was -0$6.4 billion; Gross margin was -352%, a year-on-year decrease of 4460 percentage points. In the first half of 2023, the operating income in Guangdong will be 45.5 billion yuan, a year-on-year decrease of 4666%；Operating profit was -0$6.3 billion; Gross margin -1395%, a year-on-year decrease of 1763 percentage points.
As mentioned in both the 2022 annual report and the 2023 interim report of Zhongtai**, the decline in performance in Guangdong is mainly due to the relocation of Zhongtai Venture Capital (Shanghai)** referred to as Zhongtai Venture Capital (in July 2022, the business location was changed from Shenzhen to Shanghai). Perhaps, the 2023 annual report officially released by Zhongtai ** is expected to reveal more information about the regional market.
At the same time, the wealth management business of Zhongtai ** has experienced a significant decline in recent years. In 2022, there will be 12 profits in the wealth management line$2.9 billion; And in the first half of 2023, this value is only 48 billion yuan.
The senior executives in charge of the sudden transfer
Following the completion of the "general" replacement at the end of 2022, Zhongtai ** will have a number of major executive changes in 2023, and it involves wealth management lines.
In March 2023, Sun Peiguo, deputy general manager who has served for 16 years, stepped down due to personal reasons and still holds other positions in the company.
On August 28, 2023, Mr. Hu Zengyong, who has just completed two years as deputy general manager, was transferred to the position of chief wealth officer. Born in 1972, Hu Zengyong worked in Shandong ** and Tiantong ** in his early years; In 2007, he joined Zhongtai ** and successively served as a member of the company's Discipline Inspection Commission, deputy general manager and general manager of the human resources department, deputy director and minister of the Organization Department of the Party Committee, director of the Party Committee Office, director of the General Office, and assistant to the general manager. In July 2021, he served as the deputy general manager of Zhongtai**.
On the same day, Mr. Zhang Hao took up the new post of Zhongtai ** and served as a member of the Standing Committee of the Party Committee and deputy general manager. According to public information, Zhang Hao was born in 1977 and was the secretary of the Party Committee and chairman of Shandong Provincial State Control Capital Investment.
The pre-earnings have not yet recovered
Judging from the annual results, China and Thailand have seen a recovery.
On the evening of January 22, Zhongtai ** issued the "2023 Annual Results Forecast Announcement", stating that after preliminary calculations by the financial department, it is expected that the net profit attributable to the owners of the parent company in 2023 will be 1706000000 yuan to 2047000000 yuan; It is expected that the company's net profit attributable to owners of the parent company after deducting non-recurring gains and losses in 2023 will be 103,000 yuan to 123,600 yuan.
Zhongtai ** said that the company adheres to the fundamental purpose of serving the real economy, actively grasps market opportunities, and makes every effort to promote high-quality development, and the overall operating situation continues to improve, with significant year-on-year growth in investment banking, asset management business, investment business and other income. Judging from this statement, the achievements of the wealth management business seem to be lackluster.
Considering that in 2022, the performance of Zhongtai ** will drop sharply, and the net profit attributable to the parent company will drop by 8156%。This is the lowest point in the last decade as a base point for comparison.
This means that even with the highest estimate in 2023, the net profit attributable to the parent company of Zhongtai** has fallen by about 36% compared with 2021, and has not reached the level of 2019 before listing.
Disclaimer: This article is for informational purposes only and does not constitute any investment advice to anyone. Investors act accordingly at their own risk.