On the evening of January 13, Citic Securities Company Limited(600030) (600030. SH / 6030. HK) issued the share allotment instructions. The share allotment will be carried out from January 19 to 25, and the share allotment price is 14.43 yuan / share.
On February 26, 2021, Citic Securities Company Limited(600030) disclosed the share allotment plan, which will allot shares to all a + H shareholders. It is proposed to allot 1.5 shares for every 10 shares, and the cumulative fund-raising will not exceed 28 billion yuan. (for details, see: generous! Citic Securities Company Limited(600030) share allotment financing of RMB 28 billion, and the dividend in the next three years shall not be less than 20% of the net profit)
Among them, A-Shares will raise 23.065 billion yuan and H shares will raise 4.935 billion yuan. According to the share allotment instructions, 19 billion yuan is used to develop capital intermediary business, 5 billion yuan to increase capital for subsidiaries, 3 billion yuan to strengthen it system construction, and 1 billion yuan to supplement working capital.
According to the interface news, the types of capital intermediary business include but are not limited to margin trading, stock pledge, income swap, equity derivatives, bulk commodity derivatives, market making transactions, cross-border transactions and other businesses.
Citic Securities Company Limited(600030) the total share capital is 12.927 billion shares, and the number of shares placed this time does not exceed 1.939 billion, including 1.597 billion A-Shares and 342 million H shares.
The allotment price is RMB 14.43 per share, which is 45.3% lower than the closing price of A-Shares on January 13 and 15% lower than the closing price of H shares of HK $20.8 per share (converted into RMB 16.98 per share).
“The allotment pricing is in line with expectations.” A non bank analyst of a leading brokerage told the interface news reporter that the proposed fund-raising amount is 28 billion yuan, and the number of allotted shares does not exceed 1.939 billion shares. The market had expected the price per share to be about 14.44 yuan.
Since the official announcement of allotment in February last year, Citic Securities Company Limited(600030) share price has fallen all the way, and the first two major shareholders have increased their holdings one after another. In the first quarter of 2021, Guangzhou Yuexiu Financial Holdings Group Co.Ltd(000987) invested 1.5 billion yuan to increase its holdings of Citic Securities Company Limited(600030) 106 million H shares through the Shanghai Hong Kong stock connect.
From March 22 to April 29 at the beginning of 2021, China CITIC Co., Ltd., the major shareholder of CITIC Co., Ltd., increased its holdings of 1.2% and 0.8% Citic Securities Company Limited(600030) H shares respectively. (for details, why did the first two major shareholders increase their holdings frequently during the year?)
On the evening of January 12, Citic Securities Company Limited(600030) disclosed the 2021 performance express, which greatly exceeded the market expectation. According to the announcement, during the reporting period Citic Securities Company Limited(600030) achieved an operating revenue of 76.57 billion yuan, a year-on-year increase of 40.80%; The net profit attributable to the parent company was 22.979 billion yuan, a year-on-year increase of 54.20%.
As of December 31, 2021, Citic Securities Company Limited(600030) has total assets of 1.28 trillion yuan and net assets of 209.1 billion yuan. (see details: profits have doubled! In 2021, the net profit has increased by 54% year-on-year. Can Citic Securities Company Limited(600030) regain the “big brother in market value” of the securities industry
Citic Securities Company Limited(600030) said that after the issuance, the company’s capital strength will be further enhanced. As a leading enterprise in the securities industry, the company actively responded to the national strategy and actively promoted the building of an aircraft carrier head securities company.
“In the future, the trend of institutional investors will bring about a rapid increase in institutional business demand, and institutional business will usher in rapid growth in 2022.” Liu Xinqi, chief analyst of Guotai Junan Securities Co.Ltd(601211) non bank, said that with the implementation of the allotment, Citic Securities Company Limited(600030) capital will be greatly supplemented and liquidity constraints will be met, which has laid a solid foundation for the overall development of follow-up institutional business. Under the background that peers are subject to capital constraints, Citic Securities Company Limited(600030) market share in institutional business is expected to be further improved.
