Founder Securities Co.Ltd(601901) ushered in the best performance year in recent years.
On March 30, Founder Securities Co.Ltd(601901) disclosed the annual report of 2021. According to the data, the annual operating revenue was 8.621 billion yuan, a year-on-year increase of 14.31%; The net profit attributable to the parent company was 1.822 billion yuan, a year-on-year increase of 66.19%. This is a five-year high in Founder Securities Co.Ltd(601901) revenue and net profit after the development shock caused by shareholders, national securities and other related issues. At the same time, Founder Securities Co.Ltd(601901) many business indicators rose to the forefront of the industry this year.
At the performance conference held by Founder Securities Co.Ltd(601901) for the first time on March 31, the senior management of Founder Securities Co.Ltd(601901) admitted that Founder Securities Co.Ltd(601901) has made great efforts to resolve risks and consolidate the foundation in the past few years. Meanwhile, with the promotion of the restructuring plan of controlling shareholders, new actual controllers and controlling shareholders have landed, the burden of the company has been cleared away, and the development has entered a new era.
Among them, regarding the relationship between Founder Securities Co.Ltd(601901) future and Ping An Securities and the coordination with Ping An department, Founder Securities Co.Ltd(601901) chairman Shi Hua said: "After the new Founder group becomes the controlling shareholder of the company, Ping An Insurance (Group) Company Of China Ltd(601318) will indirectly control Founder Securities Co.Ltd(601901) . Founder Securities Co.Ltd(601901) , Ping An Insurance (Group) Company Of China Ltd(601318) and other parties will carry out relevant work in strict accordance with the regulations and guidelines of the financial supervision department. On the premise of safeguarding the interests of the majority of shareholders, especially small and medium-sized shareholders, they will solve the problem of horizontal competition between Founder Securities Co.Ltd(601901) and Ping An Securities through legal and compliance. In any case, Ping An Insurance (Group) Company Of China Ltd(601318) will fully empower Founder Securities Co.Ltd(601901) in science and technology, management and ecology, so as to quickly improve the market competitiveness of the company. "
completely remove the burden of history
After the outbreak of problems such as shareholders and national securities in 2014, Founder Securities Co.Ltd(601901) has experienced many shocks and related constraints in personnel stability, business development and even financing capacity. Among them, the "hole" of 2.05 billion yuan of national securities has always attracted the attention of the market, and Founder Securities Co.Ltd(601901) has also been impacted by the explosion of subsequent securities companies' stock pledge business.
However, at the performance meeting on March 31 this year, Founder Securities Co.Ltd(601901) senior management admitted that "the burden of history has been completely removed".
He Yagang, director and director of Founder Securities Co.Ltd(601901) Executive Committee, mentioned that Founder Securities Co.Ltd(601901) since the shareholder dispute in 2014, there have been several historical burdens, such as the "hole" of funds misappropriated by shareholders and original ethnic securities and the risk of stock pledge business. But now these burdens have been completely removed.
Among them, the shareholder problem that had plagued Founder Securities Co.Ltd(601901) , on January 30 this year, the China Banking and Insurance Regulatory Commission officially approved Ping An Life to participate in the restructuring of investment in new Founder group, which he Yagang called "the landing of boots". At the same time, the original 2.05 billion yuan fund of China national securities has been misappropriated and other heavy burdens, and the asset collection has been basically completed by 2021. In addition, the five-year risk resolution of stock pledge business has been successfully concluded. From 2017 to 2021, Founder Securities Co.Ltd(601901) accumulated impairment loss of 2.386 billion yuan in credit business, mostly due to stock pledge business, which also eroded the profit performance to a certain extent. As of December 31, 2021, Founder Securities Co.Ltd(601901) the net value of pledged share repurchase business on the balance sheet was 593 million yuan, a decrease of 94% compared with the end of 2017. "The company can go into battle with light equipment." He Yagang mentioned.
It is worth noting that Founder Securities Co.Ltd(601901) financing channels have not been restored as the restructuring of controlling shareholders is still in the implementation period. However, he Yagang mentioned that the annual performance in 2021 is higher than the industry average, which is mainly due to years of efforts to tap the existing resource potential.
According to the data of the annual report, wealth management business, as the "basic sector" of Founder Securities Co.Ltd(601901) has brought continuous impetus to thickening performance. In 2021, Founder Securities Co.Ltd(601901) commission sales of financial products and investment advisory income totaled 981 million yuan in the current period, with a year-on-year increase of 29.76% Founder Securities Co.Ltd(601901) the number of Investment Consultants is 2483, ranking the 8th in the industry. The total contracted assets of investment consulting business are 98.2 billion yuan and the number of contracted customers is 729000. Investment advisory business shows new growth points. In Founder Securities Co.Ltd(601901) 2021, the revenue generated by online investment advisory business and asset allocation investment advisory products increased by 84% and 283% respectively year-on-year. Meanwhile, Founder Securities Co.Ltd(601901) financial products also outperformed its peers in the growth rate of consignment sales. The sales amount of public offering products was 24.635 billion yuan, the sales amount of equity private placement products was 7.805 billion yuan, and the income from consignment sales of financial products was 478 million yuan, a year-on-year increase of 48.79%, ranking 14th in the industry.
