Since the implementation of the new refinancing regulations, although the “shrinkage” of fixed increase fund-raising of securities companies is relatively serious, it is still an important option for refinancing. Since this year, Sinolink Securities Co.Ltd(600109) has implemented the fixed increase, and the fixed increase items of China Greatwall Securities Co.Ltd(002939) , Central China Securities Co.Ltd(601375) , Sealand Securities Co.Ltd(000750) 3 are “on the road”. At the same time, Beijing Compass Technology Development Co.Ltd(300803) , which has obtained 100% equity of nethat securities after reorganization, has also thrown out a fixed increase plan after holding the brokerage license, and plans to raise all the capital of nethat securities.
many companies have made new progress in the agreed increase of bonds
Recently, the fixed increase of Sinolink Securities Co.Ltd(600109) after twists and turns was finally implemented. In the case of the weakening of the effect of fixed increase on making money, the commitment of major shareholders not to participate in subscription and the substantial “shrinkage” of the fund-raising amount of several securities companies, the actual fund-raising amount was 5.817 billion yuan, ranking fourth among A-share listed companies during the year, with a subscription proportion of 96.95%. However, affected by market fluctuations, the current share price of Sinolink Securities Co.Ltd(600109) is lower than its fixed issue price.
The fixed increase project of Sinolink Securities Co.Ltd(600109) has also attracted “support” from two peers. The fixed increase shares of Everbright Securities Company Limited(601788) , China Galaxy Securities Co.Ltd(601881) and China Galaxy Securities Co.Ltd(601881) are allocated about 500 million yuan and 133 million yuan respectively; And Everbright Securities Company Limited(601788) has become the eighth largest shareholder of Sinolink Securities Co.Ltd(600109) .
It is worth noting that the refinancing process of securities companies is not plain sailing, or affected by the sluggish stock price performance and poor performance in the first quarter. The performance of China Industrial Securities Co.Ltd(601377) and China Greatwall Securities Co.Ltd(002939) in the first quarter of refinancing decreased significantly. Among them, China Industrial Securities Co.Ltd(601377) achieved an operating revenue of 1.688 billion yuan, a year-on-year decrease of 69.34%, and a net profit attributable to the parent company of 156 million yuan, a year-on-year decrease of 86.93% China Greatwall Securities Co.Ltd(002939) achieved an operating income of 624 million yuan, a year-on-year decrease of 56%; The net profit attributable to shareholders of listed companies was -782715 million yuan, a year-on-year decrease of 125.73%.
According to relevant regulations, China Industrial Securities Co.Ltd(601377) has explained the impact of the decline in performance in the first quarter on the company’s allotment and public offering of securities China Industrial Securities Co.Ltd(601377) said that the decline in performance in the first quarter would not have a significant impact on the public offering and would not lead to the company’s failure to meet the conditions for allotment. China Greatwall Securities Co.Ltd(002939) also issued a letter of commitment on matters after the non-public offering of shares, including 21 items such as no major violations of laws and regulations and operating performance.
The fixed increase of Sealand Securities Co.Ltd(000750) no more than RMB 8.5 billion is still in progress. In fact, Sealand Securities Co.Ltd(000750) threw out the fixed increase plan in January 2021, during which it experienced the extension of the validity period, revision of the plan, etc.
At present, sufficient net capital is also the key for securities companies to expand business scale and enhance market competitiveness. For example, on May 13, the “pilot provisions on stock market making trading business of securities companies on the science and Innovation Board” formulated and released by the CSRC included hard indicators in terms of capital strength. Since the beginning of this year, the first securities firm to offer A-share fixed growth plan is Central China Securities Co.Ltd(601375) , which plans to raise no more than 7 billion yuan, so as to further improve its market competitiveness and anti risk ability.
Beijing Compass Technology Development Co.Ltd(300803) proposed capital increase of wechat securities
On May 16, Beijing Compass Technology Development Co.Ltd(300803) announced the fixed increase plan of a shares, and proposed to raise no more than 3 billion yuan, which will be fully used for the capital increase of the company’s wholly-owned subsidiary, wechat securities.
Beijing Compass Technology Development Co.Ltd(300803) said that after the integration of Wangxin securities, the business of various securities companies will become an important link in the company’s business chain, and the future development of Wangxin securities will also directly determine the improvement process of the company’s business layout.
At the same time, after the deliberation and approval of the board of directors of this issuance and before the funds raised by the issuance are actually in place, Beijing Compass Technology Development Co.Ltd(300803) will increase the capital of wechat securities with 500 million yuan of self raised funds according to the operation status and development plan of its subsidiary wechat securities, and replace the self raised funds in the early stage after the raised funds are in place in accordance with the procedures specified in relevant laws and regulations.
