On March 31, Founder Securities Co.Ltd(601901) held the 2021 annual performance presentation meeting. At the performance presentation meeting, the person in charge of Founder Securities Co.Ltd(601901) responded to issues such as restructuring and horizontal competition among securities companies.
Founder Securities Co.Ltd(601901) chairman Shi Hua said that at present, the overall promotion of reorganization is smooth and has entered the substantive operation stage. After the relevant changes are completed, Founder Securities Co.Ltd(601901) , Ping An Insurance (Group) Company Of China Ltd(601318) etc. will carry out relevant work in strict accordance with the provisions of the financial supervision department. In the future, Ping An Insurance (Group) Company Of China Ltd(601318) will fully empower Founder Securities Co.Ltd(601901) and rapidly enhance the company's market competitiveness.
In addition, according to the 2021 annual report released on March 30, Founder Securities Co.Ltd(601901) annual revenue of Founder Securities Co.Ltd(601901) reached 8.621 billion yuan, a year-on-year increase of 14.31%, and net profit attributable to parent company was 1.822 billion yuan, a year-on-year increase of 66.19%. The growth rate of operating revenue and net profit reached a new high in recent five years.
reorganization enters the substantive operation stage
on the issue of reorganization progress, Shi Hua said that according to the previous announcement, the "1 + 4" main body reorganization of Founder Group has been promoted smoothly as a whole and has entered the substantive operation stage. According to the current restructuring plan of Founder group, if the delivery is completed, the controlling shareholder of Founder Securities Co.Ltd(601901) intends to be changed to "new Founder group". The company will timely fulfill the obligation of information disclosure according to the progress of reorganization
On January 30, Founder Securities Co.Ltd(601901) announced that the CBRC made a formal reply and agreed to the application of Ping An Life for major equity investment in new Founder group. According to the restructuring plan, after the subsequent equity transfer, Ping An Life, HUAFA group (on behalf of Zhuhai state-owned assets) and the shareholding platform of convertible creditors will hold 66.507%, 28.503% and 4.99% of the equity of xinfangzheng group respectively.
This means that Ping An Insurance (Group) Company Of China Ltd(601318) will indirectly control Founder Securities Co.Ltd(601901) and form a horizontal competitive relationship with Ping An Securities after xinfangzheng group is changed into the controlling shareholder of the company.
In this regard, Shi Hua said that at present, matters related to the change of controlling shareholders and actual controllers are being handled, which still need regulatory approval, and the time for completing the change is uncertain. After the change is completed, 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.
"We are in line with the direction of investors, that is to expand and do a good job of Founder Securities Co.Ltd(601901) , Ping An Securities, so as to better serve the development of China's capital market." Shi Hua said, "we believe that investors will also solve the problem of horizontal competition between Founder Securities Co.Ltd(601901) and Ping An Securities through legal and compliance methods on the premise of safeguarding the interests of all shareholders of listed companies, especially the interests of minority shareholders."
Shi Hua said that in the future, Ping An Insurance (Group) Company Of China Ltd(601318) will fully empower Founder Securities Co.Ltd(601901) and quickly improve the company's market competitiveness Founder Securities Co.Ltd(601901) will be based on its own work, do a good job in the company's operation, commit to creating value for customers, employees, shareholders and society, and actively protect and safeguard the interests of investors and other parties.
he Yagang, director of Founder Securities Co.Ltd(601901) Executive Committee, also mentioned that as the reorganization of Founder Group has entered the substantive implementation stage, new shareholders will be empowered in an all-round way in the future to help the rapid development of the company. Specifically, it includes: enriching ecological scenes, improving the competitiveness of financial science and technology, improving comprehensive financial ability and improving management mechanism.
net profit hit a new high in recent five years
According to the annual report of Founder Securities Co.Ltd(601901) 2021, Founder Securities Co.Ltd(601901) achieved an operating revenue of 8.621 billion yuan, a year-on-year increase of 14.31%, and the net profit attributable to the parent company was 1.822 billion yuan, a year-on-year increase of 66.19%. The growth rate of operating revenue and net profit was higher than the average level of the industry, reaching a new high in recent five years.
Founder Securities Co.Ltd(601901) vice president and financial director Yin Lei introduced at the performance briefing that from the perspective of the revenue contribution of each business segment, the company's revenue growth in 2021 mainly came from wealth management and investment trading wealth management business revenue increased by 913 million over the previous year, of which futures brokerage, product sales, two financial services and investment consulting business contributed a lot. The income from investment and trading business increased by 566 million over the previous year, mainly due to the growth brought by fixed income investment, direct equity investment, trading and derivatives business
"Behind the achievements, the company actually bears great difficulties and resistance." Yin Lei said that in 2022, with the landing of the "boots" of the company's controlling shareholder, the elimination of historical burdens and the opening of financing, the company's business environment will be significantly improved. Based on a comprehensive review of the internal and external environment and in combination with its own resource endowment, Founder Securities Co.Ltd(601901) will promote the company to enter a new stage of development by focusing on the two business principles of "casting characteristics and increasing value" and "seeking profits from efficiency".
At present, Jiang Zhijun has been actively involved in the application of fund raising vice president and fund raising has been actively concerned about fund raising from the perspective of fund raising business application and vice president of the company
Jiang Zhijun said that at present, the "hard conditions" of the company have been met. Including: the establishment of relevant management systems and business processes, the establishment of public fund investment advisory business investment decision-making committee, the establishment of a special professional fund investment advisory management team, the design of product strategies to be launched in the future, and the establishment of a fund investment advisory platform.
From the perspective of "soft power", Jiang Zhijun believes that Founder Securities Co.Ltd(601901) has a good foundation for developing fund investment consulting business. First, the customer base is large, and second, there are many contracted customers. Third, there are many professional investment advisory teams. Fourth, strong fund sales ability.
