On the morning of the 14th, the A-share market continued to decline as a whole. Among them, China stock market news, with a market value of 300 billion, suddenly plummeted. At one time, it plummeted by more than 14% during the session, and the transaction was sharply enlarged.
The sharp decline of China stock market news also led to the overall decline of the securities sector.
300 billion market value “bond Mao” rarely fell by 14%
more than 10 billion yuan in half a day
Market data show that China stock market news shares plunged after 9:40 a.m. this morning. The share price fell to 27.28 yuan at one time in the morning, down more than 14% from the previous trading day. At the same time, the turnover of China stock market news also increased sharply, and the turnover in the half trading day in the morning has exceeded 10 billion yuan. The market value of China stock market news has remained above 300 billion yuan in recent months, but it fell below 300 billion yuan today.
Market data show that as of September 30, 2021, China stock market news has more than 500000 shareholders.
At the same time, its convertible bond dongcaizhuan 3 also plummeted in the morning, falling more than 10% in the session.
According to the performance forecast of 2021 previously released by China stock market news, the company expects the net profit attributable to shareholders of Listed Companies in 2021 to be RMB 8.2 billion – 8.9 billion, with a year-on-year increase of 71.62% – 86.27%. As for the reasons for the substantial increase in performance, China stock market news said that in 2021, the fund transaction volume of the company’s fund third-party sales service business and the holding scale of the consignment fund increased significantly year-on-year, and the income of financial e-commerce service business increased significantly year-on-year. In 2021, the stock trading volume of the company’s securities business and the scale of margin trading and securities lending business increased significantly year-on-year, and the income related to securities business increased significantly year-on-year. In 2021, the total operating cost of the company increased significantly year-on-year. Combined with the above factors, the company achieved a significant year-on-year increase in net profit attributable to shareholders of Listed Companies in 2021.
Previously, the listed company China stock market news also disclosed the unaudited non consolidated balance sheet, income statement and net capital calculation statement of its subsidiary China stock market news Securities Co., Ltd. (hereinafter referred to as “China stock market news securities”) in 2021. According to the data, China stock market news securities achieved a total operating revenue of 7.3 billion yuan and a net profit of 4.825 billion yuan in 2021, both of which increased significantly year-on-year compared with the previous year.
In addition, China stock market news recently released a series of suggestive announcements on the redemption of its convertible bonds “Dongcai Zhuan 3”. The announcement shows that according to the arrangement, China stock market news will forcibly redeem the “dongcaizhuan 3” that has not been converted into shares after the closing of the market on February 28, 2022 at the price of 100.18 yuan / piece. After the redemption, the “dongcaizhuan 3” will be delisted in Shenzhen Stock Exchange (hereinafter referred to as “Shenzhen Stock Exchange”). At present, the secondary market price of “Dongcai Zhuan 3” is quite different from the redemption price. If investors fail to convert shares in time, they may face losses. In particular, bondholders are reminded to pay attention to converting shares within the time limit.
China stock market news also suggested that if the bondholders of “Dongcai Zhuan 3” convert their shares, they need to open the trading authority of gem. Investors who do not meet the requirements for the appropriateness management of GEM stocks and do not open the trading authority of gem cannot convert their “Dongcai Zhuan 3” into shares. Investors are reminded to pay attention to the risk of not being able to convert shares. In addition, according to relevant regulations, if the circulating face value of “Dongcai Zhuan 3” is less than 30 million yuan, the trading will be stopped three trading days after the company issued the relevant announcement. Therefore, the actual trading time of “Dongcai Zhuan 3” may be advanced. Please pay attention to the announcement of the company in time.
While China stock market news fell sharply, the whole securities industry also fell sharply, with a decline of more than 3%. Gf Securities Co.Ltd(000776) and Xiangcai securities led the decline.
most listed companies of securities companies expect good performance in 2021
In the past 2021, the prosperity of the securities industry was high, and the performance of A-share listed companies of securities companies was generally good.
According to the reporter’s statistics, among the 50 listed companies in Shenwan securities industry, 14 companies made forecasts for the performance of 2021.
According to the performance forecast data, among the above 14 companies, only Guangdong Golden Dragon Development Inc(000712) one company expects the net profit to decline year-on-year in 2021 according to the lower limit of the year-on-year growth of the forecast net profit, and all the others are expected to increase year-on-year. Among the above companies, Central China Securities Co.Ltd(601375) , Guosheng Financial Holding Inc(002670) , The Pacific Securities Co.Ltd(601099) net profit is expected to increase by more than 100% year-on-year.
For the brokerage sector, Western Securities Co.Ltd(002673) recently released research report believes that wide credit + good supervision + high-quality fundamentals, and firmly recommends the brokerage sector. (1) Social finance data in January exceeded expectations. The central bank released the financial data of January 2022: the new RMB loans were 3980 billion yuan, and the market expected 3760 billion yuan, compared with the previous value of 1130 billion yuan; The scale of social financing reached 6170 billion yuan, a record high; The stock of social finance increased by 10.5% year-on-year, up 0.2pct from the previous month. It has recorded an increase of more than 10% for five consecutive months since September, and began to show a positive signal of recovery. (2) The current credit characteristics are similar to those in early 2019. The policy encourages credit expansion, and the excess return of securities companies is significant. Regardless of the central economic work conference held in the previous year or the concerns expressed by central bank leaders about credit growth, we believe that the policy in early 2019 is most similar to that at present. Driven by policies, the year-on-year growth rate of social finance rebounded significantly in 2019. In the first quarter of 2019, the brokerage sector rose by 50.83%, with significant excess return. (3) In terms of capital market reform policies, the CSRC issued the provisions on the supervision of the interconnection of depositary receipts business between domestic and foreign stock exchanges. This revision mainly includes: first, expand the scope of application and include qualified listed companies of Shenzhen Stock Exchange; Overseas, expand to Switzerland and Germany; Second, allow overseas basic securities issuers to raise funds and adopt market-oriented inquiry mechanism for pricing; Third, optimize the continuous supervision arrangements, and make more optimized and flexible institutional arrangements for the continuous supervision of the disclosure contents of annual reports and the disclosure obligations of equity changes.
In addition, it is expected that the comprehensive registration system will be implemented, which will directly benefit securities companies, investment banks and other businesses. Similar to the situation in early 2019, after the launch of the registration system of the science and innovation board, the reform of the capital market has entered the acceleration period, and the businesses such as securities investment banks and direct investment have entered the expansion period. The subsequent implementation of the comprehensive registration system and the market making mechanism of the science and Innovation Board will improve the roe of securities companies.
For China stock market news, Huajin securities’s recent research view is that China stock market news has prominent advantages in Internet traffic transformation and complete financial licenses: China stock market news + Tiantian fund app has a monthly life of nearly 20 million (the latest data is updated to April 2021), far ahead of other securities apps. The company’s business model is good, and the Internet accumulates huge traffic, which gives the company greater performance flexibility when the market is upward; Securities, funds, futures and other licenses continue to extend the business chain and realize, giving the company better performance sustainability.
According to the research view of Huajin securities, according to the company’s performance forecast, it raised the company’s commission income, net interest income and fund consignment income, and raised the profit forecast from 2021 to 2023 to 8.576 billion yuan, 11.127 billion yuan and 12.602 billion yuan, with an increase of 8.6%, 10.7% and 11.4%. The current share price of the company corresponds to 2021e PE 38.74x, which is at a low level in recent five years. The high growth of the company’s performance may drive the recovery of valuation and maintain the “buy-b” rating.
