On January 26, Anxin trust released the announcement on the advance loss of performance in 2021. According to the preliminary calculation of the financial department, it is expected that there will be a loss in the net profit attributable to the shareholders of the listed company in 2021, and the net profit attributable to the shareholders of the listed company is – 1.1 billion yuan; The net profit attributable to shareholders of listed companies after deducting non recurring profits and losses is expected to be – 800 million yuan; By the end of 2021, the net assets attributable to shareholders of listed companies are expected to be 300 million yuan.
For the reasons for the loss, the company said that in the first three quarters of 2021, due to the Bank Of China Limited(601988) Shanghai Branch (hereinafter referred to as ” Bank Of China Limited(601988) “) The accumulated annual net profit of China Trust Industry Guarantee Fund (hereinafter referred to as “SINOSURE fund”) and China Trust Industry guarantee fund Co., Ltd. (hereinafter referred to as “SINOSURE company”) is about -1.819 billion yuan, excluding recurring profit and loss of -1.288 billion yuan; By the end of the third quarter of 2021, the net assets attributable to shareholders of listed companies were -926 million yuan.
The announcement shows that in November 2021, according to the execution ruling issued by the Shanghai financial court, 32.9792% of the equity of the company’s big child insurance sales Service Co., Ltd. was sold to a third party with RMB 1.105 billion and the industrial and commercial change registration was completed. After the execution of the above judicial enforcement system was completed, The difference between the transaction price of the asset and the current book value of 676 million yuan generates a premium income of about 430 million yuan, which is included in the current profits and losses of the company.
On December 10, 2021, the company held the first extraordinary general meeting of shareholders in 2021 and passed the proposals such as ” Anxin Trust Co.Ltd(600816) major asset sale plan” and “about the signing of debt settlement agreement between the company and Bank Of China Limited(601988) , SINOSURE fund and SINOSURE company”, and the debt settlement agreement signed by the company and Bank Of China Limited(601988) came into force. According to the agreement, the company will repay the debt to be settled with relevant assets and monetary capital of 800 million yuan. After the completion of this transaction, all the debts to be settled between the company and Bank Of China Limited(601988) have been paid off. Through this debt settlement, the relevant debt restructuring income of about 600 million yuan was generated this year.
In December 2021, SINOSURE replied to Anxin trust and confirmed that it agreed to exempt the remaining principal, capital occupation fee and liquidated damages under the debt settlement agreement, and the total debt waiting for settlement was about 676 million yuan. After preliminary discussion with the annual audit accountant, the debt exemption constitutes an equity transaction, which is expected to be included in the owner’s equity – capital reserve of about 500 million yuan, but does not affect the current profit and loss.
Anxin trust also said that according to the company’s preliminary calculation, the company achieved an operating income of about 200 million yuan in 2021. After deducting the business income irrelevant to the main business and the income without commercial substance, the operating income was not less than 100 million yuan, and the net assets were positive as of the end of the reporting period. The above indicators did not touch the warning of financial delisting risk.
In fact, Anxin trust has suffered major losses in the previous three years. The net profit attributable to the parent company was -1.833 billion yuan in 2018, -3.993 billion yuan in 2019 and -6.738 billion yuan in 2020.
On December 24, 2021, Anxin trust issued a notice that Shanghai Wei’an Investment Management Co., Ltd. will transfer the qualified trust beneficial rights held by natural person investors of Anxin trust from December 28, 2021 to January 28, 2022.
On January 23, Anxin trust announced that less than 8% of investors have not transferred their beneficial rights. After the assignment, the investors who choose to hold the trust plan will obtain the investment distribution in strict accordance with the trust contract. Judging from the actual situation of the underlying assets of most trust plans, the prospect of distribution is not optimistic.
