Oriental Fortune** ic data map.
"Oriental Wealth Information Co., Ltd., hereinafter referred to as "Oriental Wealth", 300059) plans to adjust the use of shares that have repurchased 1 billion yuan.
On the evening of February 26, Oriental Fortune announced that the "Proposal on the Repurchase of the Company's Share Plan" deliberated and approved by the company on August 24, 2023 has been implemented, with a cumulative repurchase amount of 1 billion yuan (99988.).540,000 yuan), a total of 7145 shares of the company were repurchased260,000 shares, accounting for 045%。
At the same time, the Oriental Wealth announcement further pointed out that the company intends to adjust the use of repurchased shares, from the original plan "the repurchase of shares is intended to be used for employee stock ownership plans or equity incentive plans" to "the actual repurchase of shares for cancellation and reduction of registered capital", the adjustment still needs to be approved by the company's general meeting of shareholders before it can take effect.
From the perspective of the industry, most of the shares repurchased by securities companies are used for employee stock ownership plans or equity incentive plans, and it is rare for the purpose of repurchased shares to be clearly repurchased and cancelled. Industry insiders pointed out to the surging news reporter.
Industry insiders further explained that the cancellation of shares in the case of the company's overall value unchanged, the value of assets per share and income increased, to a certain extent, to enhance the "gold content" of the listed company, more conducive to its stock price, optimize the capital structure, increase earnings per share and other financial indicators related to share capital.
According to Great Wisdom VIP, as of February 26**, Oriental Fortune closed at 1355 yuan shares, down 131%。
Dingge completed the repurchase plan.
According to the announcement of Oriental Wealth, in the "Proposal on the Repurchase of the Company's Shares" deliberated and passed by the company on August 24, 2023, it agreed to use its own funds to repurchase the company's shares in a centralized bidding transaction for employee stock ownership plans or equity incentive plans. The total amount of funds for the repurchase of shares shall not be less than 500 million yuan, not more than 1 billion yuan, and the repurchase ** shall not exceed 2200 yuan shares.
The announcement pointed out that on September 19, 2023, Oriental Wealth repurchased the company's shares through a centralized bidding transaction for the first time through a special ** account for repurchase. The number of shares repurchased this time is 5 million shares, accounting for 003%, and the highest transaction price is 1539 yuan shares, the lowest transaction price is 1532 yuan shares, the transaction amount is 7676360,000 yuan (excluding transaction costs).
As of the date of disclosure of this announcement, the company has repurchased 7145 shares of the company through the repurchase special ** account in a centralized bidding transaction260,000 shares, accounting for 045% with a maximum of 1586 yuan shares, the lowest transaction price is 1230 yuan shares, the total amount of funds used is 1 billion yuan (excluding transaction costs). The company's share repurchase plan has been implemented. The Oriental Fortune announcement further pointed out.
Regarding the impact of the repurchase on the company, Oriental Wealth said in the announcement that the repurchase will not have a significant impact on the company's operation, finance, research and development, debt performance ability and future development, and the company's equity structure will not change significantly after the repurchase is completed. After the repurchase of shares, the company's equity distribution meets the listing conditions and will not lead to a change in the company's control.
The repurchase of shares is conducive to increasing earnings per share, effectively improving the return on investment of the company's shareholders, and enhancing investors' confidence in the company's investment. Oriental Fortune further noted.
It is proposed to change the purpose of the repurchased shares for cancellation and reduction of registered capital.
In addition to the announcement of the completion of the repurchase, Oriental Wealth also simultaneously disclosed the "Announcement on Adjusting the Use of Repurchased Shares and Canceling It".
Oriental Wealth said in the announcement that the company held the eighth meeting of the sixth board of directors on February 26, 2024, and deliberated and passed the "Proposal on Adjusting the Use of Repurchased Company Shares", which intends to adjust the purpose of repurchased shares, from the original plan "The repurchased shares are intended to be used for employee stock ownership plans or equity incentive plans" to "The shares actually repurchased this time are used for cancellation and reduction of registered capital".
Oriental Wealth further pointed out that the adjustment matters still need to be reviewed and approved by the company's general meeting of shareholders before they can take effect.
As for the reason for changing the purpose of repurchasing shares, Oriental Wealth said in the announcement that it is mainly to practice the development concept of "investor-oriented" listed companies, effectively safeguard the interests of investors and enhance market confidence. Based on the confidence in the company's future development prospects and the recognition of the company's value, the company's board of directors intends to adjust the use of repurchased shares.
The change in the use of repurchased shares is conducive to increasing earnings per share, effectively improving the return on investment of the company's shareholders, and enhancing investors' confidence in the company's investment, and will not have a significant impact on the company's debt performance ability, ability to continue operations and shareholders' equity, etc., will not lead to changes in the company's controlling shareholders and actual controllers, will not lead to the company's equity distribution does not meet the listing conditions, and will not affect the company's listing status. Oriental Fortune further pointed out in the announcement.
At the beginning of 2024, the willingness of A-share listed companies to actively use repurchase tools to maintain the value of the company has been increasing, and a number of brokerages have disclosed the relevant situation of share repurchases, and sent positive signals to the market with "real gold", including Huatai**, Haitong**, Guojin**, Dongfang**, Soochow**, Western**, and Oriental Wealth, State Investment Capital, Aijian Group, 3 listed companies participating in the holding of securities firms, all of which have disclosed announcements such as repurchase cancellation, repurchase progress or repurchase plan.
It is understood that if Oriental Wealth's proposal to adjust the use of the company's shares and cancel it is finally approved and implemented by the general meeting of shareholders, Oriental Wealth will be the listed brokerage company that has implemented share repurchase since 2023 and the purpose of repurchased shares is the highest total amount of repurchase funds among the listed securities firms that have repurchased shares for share cancellation.
Net profit in the first three quarters of last year exceeded 6.2 billion yuan.
According to the official website, Oriental Fortune was established in 2005 and is a professional Internet wealth management integrated operator, providing users with Internet-based financial information, data, transactions and other services. The company is headquartered in Shanghai, and has subsidiaries in Beijing, Guangzhou, Shenzhen, Chengdu, Nanjing, Yangzhou, Lhasa, Hong Kong and other places.
In March 2010, Oriental Fortune landed on the GEM, and as of June 30, 2023, the company's total assets were 232.2 billion yuan and net assets were 68.6 billion yuan. At present, the total share capital is 1585.7 billion shares.
At present, Oriental Fortune now owns well-known Internet products and business segments such as "Oriental Fortune Network", "Tiantian**.com", "Stock Bar", "Oriental Fortune**" Choice Data", "Hafu**", "Oriental Fortune**", "Dongcai**", etc. Among them, the "Oriental Wealth Network" operated by Oriental Wealth was launched in 2004, and the "Tiantian** Network" was launched in 2007, and in February 2012, Tiantian ** was the first batch to obtain the ** sales license issued by the China Securities Regulatory Commission, and the cumulative ** sales exceeded 9 trillion yuan as of June 30, 2023.
Since 2015, Oriental Fortune has wholly owned Hafu ** and Oriental Fortune** through capital market acquisitions. In 2019, the company's Dongcai** was approved for public offering**, and its subsidiaries now have securities dealer licenses, ** licenses and public offering ** licenses.
In terms of performance, Oriental Fortune's third quarter report for 2023 shows that as of the end of the reporting period, the company's total operating income in the third quarter was 273.8 billion yuan, a year-on-year decrease of 15 (compared with the same period of the previous year).83%；Net profit attributable to shareholders of the listed company (hereinafter referred to as "net profit") was 198.4 billion yuan, a year-on-year decrease of 773%。
In the first three quarters of 2023, Oriental Wealth's total operating income was 848.8 billion yuan, a year-on-year decrease of 1122%；Net profit 620.9 billion yuan, a year-on-year decrease of 584%。
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