Recently, the result of Sinolink Securities Co.Ltd(600109) fixed increase was released.
Sinolink Securities Co.Ltd(600109) issued the announcement on the results of fixed increase issuance. The number of fixed increase shares issued this time is 700 million, the issuance price is 8.31 yuan / share, and the total amount of funds raised is 5.817 billion yuan, basically realizing the “full issuance” of fixed increase shares.
Analysts believe that in recent years, the regulatory authorities have been advocating and encouraging the securities industry to become bigger and stronger. Through this fixed increase, Sinolink Securities Co.Ltd(600109) as a private brokerage, will be able to make better use of the resource endowment and social resources of shareholders including Chengdu industrial capital to improve its anti risk ability.
Sinolink Securities Co.Ltd(600109) 58 billion yuan fixed increase landing
On April 29, Sinolink Securities Co.Ltd(600109) disclosed the fixed increase report, raising a total of 5.817 billion yuan. After the issuance, Chengdu state-owned assets will become the second largest shareholder of Sinolink Securities Co.Ltd(600109) .
specifically, Sinolink Securities Co.Ltd(600109) this time issued 700 million new shares at an issue price of 8.31 yuan / share, raised 5.817 billion yuan in total, completed 97% of the proposed fund-raising amount (6 billion yuan), and after deducting 52 million yuan of handling fees, Sinolink Securities Co.Ltd(600109) net fund-raising was 5.765 billion yuan
Sinolink Securities Co.Ltd(600109) higher completion rate of fixed growth is mainly due to the large-scale increase of local state-owned assets. According to the fixed increase report, a total of 7 investors were allocated shares this time, of which Chengdu Industrial Capital Holding Group Co., Ltd. (hereinafter referred to as Chengdu industrial control) was allocated 365 million shares and Chengdu jiaozi Financial Holding Group Co., Ltd. (hereinafter referred to as jiaozi financial control) was allocated 148 million shares. The allocated amounts of the two were 3.03 billion yuan and 1.233 billion yuan respectively, with a lock-in period of three years.
Chengdu property holding and jiaozi financial holding are both enterprises under Chengdu state-owned assets and Sichuan state-owned assets. They jointly increased their holdings of 513 million Sinolink Securities Co.Ltd(600109) shares this time, with a cumulative cost of 4.263 billion yuan.
specifically, according to tianyancha information, 70.12% of the shares of Chengdu property holding are held by Chengdu Industrial Investment Group Co., Ltd. and 29.88% of the shares are held by Sichuan development Asset Management Co., Ltd., both of which are enterprises under Chengdu SASAC or Sichuan Provincial Department of finance
According to public information, jiaozi financial holding is a large state-owned enterprise officially established in Chengdu on October 31, 2008 under the background of Chengdu municipal Party committee and Chengdu municipal government to integrate local financial resources and improve the competitiveness of local financial institutions. At present, the group has 10 wholly-owned subsidiaries, 6 holding subsidiaries, 14 joint-stock companies and 2 partnerships, and is the largest shareholder of 8 companies including Bank Of Chengdu Co.Ltd(601838) , Jintai property insurance and so on; It is the second largest shareholder of five companies including Chengdu Rural Commercial Bank and southwest United equity exchange; Shares in Wanhe securities and other companies. Tianyancha information shows that jiaozi financial holding is wholly owned by Chengdu SASAC.
In addition, four institutions including Nord fund, Huaxia Fund, Everbright Securities Company Limited(601788) , China Galaxy Securities Co.Ltd(601881) securities and one individual investor, Li Yiming, were also allocated corresponding shares with a lock-in period of 6 monthsP align = “center” ( Sinolink Securities Co.Ltd(600109) fixed increase investor allocation)
After the fixed increase is completed, the control right of Sinolink Securities Co.Ltd(600109) has not changed. After the completion of this offering, Chen Jinxia controlled 21.38% of the shares of the company through Changsha Yongjin and Yongjin holdings, who acted in concert, and remained the actual controller of the company. Chengdu industrial holding and jiaozi financial holding have held 562 million shares of the company, with a shareholding ratio of 15.08%, ranking as the second largest shareholder of Sinolink Securities Co.Ltd(600109) company.
plans to increase capital intermediary and securities investment
According to Sinolink Securities Co.Ltd(600109) previous disclosure, the investment of the fixed increase raised funds includes capital intermediary business investment (no more than 2 billion yuan), securities investment business investment (no more than 1.5 billion yuan), capital increase to wholly-owned subsidiaries (no more than 500 million yuan), information technology and risk control compliance investment (no more than 500 million yuan), supplementary working capital and debt repayment (no more than 1.5 billion yuan).
Chinese reporters of securities companies noted that in recent years, securities companies have frequently “replenished blood” by means of allotment and additional issuance. Since 2020, 14 bonds have agreed to increase and land, but the reduction of fund-raising is also common. From the perspective of the same industry, Sinolink Securities Co.Ltd(600109) this 97% fund-raising rate ranks in the forefront among the securities companies with fixed increase in recent years.
The relevant person in charge of Chengdu industrial capital and other institutions told the Chinese reporter of the securities firm, Sinolink Securities Co.Ltd(600109) as a local securities firm in Sichuan, it has maintained a steady operation trend for more than 30 years, has formed an effective management mechanism, a sound management structure, excellent management, and has a large number of excellent talents with rich experience and outstanding skills, and has a good reputation and reputation in the industry Sinolink Securities Co.Ltd(600109) is an important local legal person financial institution in Chengdu, which is of great significance for Chengdu to build a western financial headquarters business district and a financial industry cluster. Chengdu industrial capital and others fully support Sinolink Securities Co.Ltd(600109) this fixed increase precisely because they value Sinolink Securities Co.Ltd(600109) good growth potential and broad development prospects. As the high-quality strategic investors of Sinolink Securities Co.Ltd(600109) the participants of this fixed increase will make full use of their deep industrial foundation and rich project resources, further enhance Sinolink Securities Co.Ltd(600109) ‘s resource endowment through business collaboration, provide strong support for Sinolink Securities Co.Ltd(600109) ‘s business expansion in various regions and industries, and support Sinolink Securities Co.Ltd(600109) to become bigger and stronger.
As for the development of Sinolink Securities Co.Ltd(600109) in the future, according to the introduction of the relevant person in charge of Sinolink Securities Co.Ltd(600109) in terms of Sinolink Securities Co.Ltd(600109) , the establishment of Chengdu securities in 1990 is the starting point of the company’s first venture, and the influx of funds in 2005 Sinolink Securities Co.Ltd(600109) is the starting point of the second venture. The two startups have experienced 15 years respectively, making the company grow rapidly from a regional and single business securities firm to a securities firm with complete qualifications, complete business, national layout and strong market position and influence in specific regions and industries.
He also said that since 2021, after extensive research and in-depth demonstration, the company has unanimously clarified the strategic direction of “becoming bigger and stronger”, decided to start the company’s third venture, established the strategic goal of entering the top 15 in the industry by the end of 2031, and made clear the strategic principle of “being led by investment behavior and driven by research”. The successful completion of this fund-raising will lay a solid foundation for the opening of the company’s third venture.
first quarter investment banking, brokerage and asset management businesses increased year on year
On April 28, Sinolink Securities Co.Ltd(600109) disclosed the annual report of 2021 and the first quarterly report of 2022.
Sinolink Securities Co.Ltd(600109) 2021 annual report shows that the company achieved an operating revenue of RMB 7.127 billion in 2021, a year-on-year increase of 17.55%, and the net profit attributable to the parent company was RMB 2.317 billion, a year-on-year increase of 24.41%.
In terms of business, businesses including proprietary investment, wealth management and institutional services have achieved double-digit growth. Investment banking, as the strength of the company, has also remained strong. In 2021 Sinolink Securities Co.Ltd(600109) completed 36 equity financing projects, including 19 IPOs, ranking 10th in the market; There are 17 refinancing companies, ranking 11th in the market.
In the first quarter of 2022, the company realized operating revenue and net profit attributable to parent company of RMB 912 million and 124 million respectively, down 39.72% and 73.89% respectively compared with the same period last year. The reason for the sharp decline in performance is mainly affected by the loss of self operated business. The loss of self operated business in the first quarter was 263 million yuan, while the profit in the same period in 2021 was 366 million yuan (calculated according to “self operated business income = investment income + profit and loss from changes in fair value – investment income to associates and joint ventures”).
In terms of other businesses, Sinolink Securities Co.Ltd(600109) investment banking, asset management and credit business revenue increased slightly in the first quarter, of which the net revenue of investment banking business in the first quarter was 349 million yuan, a year-on-year increase of 0.33%; The net income of brokerage fees also declined in the case of the overall decline of the industry. The brokerage income in the first quarter was 400 million yuan, a year-on-year decrease of 11.40%.
