After hours on March 14, Guotai Junan Securities Co.Ltd(601211) announced that recently, the company received the reply on Approving the change of equity of Hua’an Fund Management Co., Ltd. issued by China Securities Regulatory Commission, which approved Shanghai SDIC Asset Management Co., Ltd. (hereinafter referred to as “SDIC”) to transfer 15% equity of Hua’an fund held by it to Guotai Junan Securities Co.Ltd(601211) , The transaction price shall be determined on the basis of the evaluation results recorded and confirmed by the competent State-owned Assets Supervision and administration institution, and shall not exceed 1.812 billion yuan.
As of March 14, 2022, the transaction has yet to go through the industrial and commercial change registration of Hua’an fund.
shareholding ratio will rise to 43%
Last October, Guotai Junan Securities Co.Ltd(601211) announced that the company planned to acquire 15% equity of Hua’an fund held by shangguo investment management. After the completion of the transaction, Guotai Junan Securities Co.Ltd(601211) will increase the proportion of equity held by Hua’an fund from 28% to 43%, and the proportion of equity held by Shanghai investment management will decrease from 20% to 5%.
According to the announcement at that time, the transaction price was determined on the basis of the evaluation results recorded and confirmed by the competent State-owned Assets Supervision and administration institution, which did not exceed RMB 1.812 billion. If the value of 15% equity is 1.812 billion yuan according to the upper limit, the overall valuation of Hua’an fund may reach 12.080 billion yuan.
Guotai Junan Securities Co.Ltd(601211) released the semi annual report of 2021, which shows that Hua’an fund achieved an operating revenue of 1.726 billion yuan in the first half of 2021, with a year-on-year increase of 49.31%, and a net profit of 450 million yuan, with a year-on-year increase of 60.71%. As of June 30, 2021, the total assets of Hua’an fund were 5.567 billion yuan and the net assets were 3.594 billion yuan.
Guotai Junan Securities Co.Ltd(601211) in this announcement, it is also said that by increasing the shareholding ratio of Hua’an fund, it is conducive to complement the short board of the company’s public fund business layout and enhance its core competitiveness. It is conducive to strengthening the synergy between the company and Hua’an fund and boosting the operating performance and comprehensive strength of Hua’an fund to a new level.
“base content” continues to increase
In the era of asset management, the “base content” of securities companies is receiving more and more attention from the market. In recent years, Guotai Junan Securities Co.Ltd(601211) has been improving its asset management business layout. In March 2021, Hua’an Fund announced that the company’s shareholder Shanghai Jinjiang International Investment Management Co., Ltd. transferred its 8% equity of the company to Guotai Junan Securities Co.Ltd(601211) .
In April 2021, the Guotai Junan Securities Co.Ltd(601211) subsidiary Shanghai Guotai Junan Securities Co.Ltd(601211) Securities Asset Management Co., Ltd. (hereinafter referred to as Guotai Junan Securities Co.Ltd(601211) asset management) received the securities and futures business license renewed by the CSRC and officially developed the public offering business.
Guotai Junan Securities Co.Ltd(601211) said that the increase in the equity of Hua’an fund is another important measure to improve the core competitiveness of public asset management business after Guotai Junan Securities Co.Ltd(601211) transferred 8% equity of Hua’an fund in 2021, and asset management company was granted public offering license and issued public offering products. It is also Guotai Junan Securities Co.Ltd(601211) practicing the strategic path of “three years and three steps”, Promote the important phased achievements of the strategic goal of “laying a foundation and making up for weaknesses”, and further improve the strategic layout of the company’s asset management business.
Guotai Junan Securities Co.Ltd(601211) 2021 net profit increased by 34.98% year on year
As a leader in the securities industry in Shanghai, Guotai Junan Securities Co.Ltd(601211) has a good performance Guotai Junan Securities Co.Ltd(601211) 2021 annual performance express shows that the operating revenue in 2021 is 42.669 billion yuan, an increase of 21.22% year-on-year; The net profit attributable to the owners of listed companies was 15.013 billion yuan, a year-on-year increase of 34.98%.
In view of the approval of the transfer of 15% equity of Hua’an fund, Guotai Junan Securities Co.Ltd(601211) stressed that it would take the opportunity of this increase in equity of Hua’an fund to actively open up the wealth management and asset management service chain, actively meet the wealth management needs of customers in different levels and classifications, comprehensively improve the allocation capacity of global high-quality assets, and actively innovate public REITs, green and low-carbon Products and services in the “third pillar” of elderly care and other fields, and create an asset management business system with Guotai Junan Securities Co.Ltd(601211) characteristics. The two sides will work together to make new and greater contributions to meeting the growing wealth management needs of the people and building a global asset management center in Shanghai.
