The reorganization lasts less than six months, Xiangcai shares will be issued nearly 6 billion, an expected increase of 4.2 billion, Xiangcai Securities

Original title: Less than six months after the reorganization, Xiangcai Securities has issued another fixed increase of nearly 6 billion and plans to increase its capital by 4.2 billion of Xiangcai Securities

　　loanShell listed less than six monthsXiangcai shares(600095.SH) plans to increaseBrokeragerank in the field.

A few days ago,Xiangcai sharespublicationad，the companyThe non-public issue of no more than 805 million shares will raise funds of no more than 6 billion yuan, mainly for the capital increase in Xiangcai Securities.

In June 2020, Harbin Hi-Tech completed the 99.73% acquisition of Xiangcai Securities and transformed into a securities services industry. In August of this year, Harbin Hi-Tech announced the acquisitionvery clever(601519.SH) 15% of the capital, and has exceeded every cleverCarry out business collaborations, carry out in-depth cooperation in financial technology and other fields, and create a new generation togetherthe networkSecurities platform. On September 30th, Harbin Hi-Tech changed its nameXiangcai shares。

However, among listed companies in the same industry, Xiangcai shares are in the lower range. Among the 49 A-share listed companies of Shenwan Securities, withOperating incomewithNet profitIn terms of scale, Xiangcai’s performance in the first three quarters of 2020 is less than 2 billion yuan and 357 million yuan, out of forty, and belongs to listed companies.shareholderofNet profitYoYEven an increase of 5.21% barely maintains positive growth.

secondChina Securities Industry AssociationAccording to statistics, at the end of 2019, the total assets of Xiangcai Securities were ranked 58th in the industry.Net assetsThe ladder ranks 63rd in the industry and the equity ladder ranks 59th in the industry. It can be seen that the gap between Xiangcai Securities and the major brokers is not small.

In this context, Xiangcai shares, trapped in capital, are very necessary to increase the capital of the brokerage business.

Of the proposed fundraising of no more than 6 billion yuan, no more than 4.2 billion yuan will be used to raise the capital of Xiangcai Securities and no more than 1.3 billion yuan will be used to pay for the acquisition.very cleverPart of the acquisition of 15% of the shares, not more than 500 million yuan to supplement the working capital and repaybankloan.

Xiangcai shares plans to increase investment projects

The securities sector is a capital intensive sector and Xiangcai shares believe it is necessary to increase the capital of Xiangcai Securities.

Shares of Xiangcai said the company is currently facing competition from four aspects: large-scale stocks are accelerating to gain market share, and the “Matthew effect” sector is becoming increasingly evident: foreign securities companies are in competition with national securities companies;bank、Insurance、bottom、ConfidenceOther financial institutions enter the field of trade fair activities of securities companies;Online bankIt is also affecting the traditional business of securities firms.

Xiangcai Securities said there is still a large gap between the company’s capital scale and the industry’s leading securities companies, which limits the transformation and development of Xiangcai Securities. Xiangcai Securities needs to use the financial advantages of the capital market to help A round of industry competition provides the necessary financial security.

Among the capital increases not exceeding 4.2 billion, the largest is for capital intermediation (Trading on marginAnd actionCommitmentEtc.), no more than 2.5 billion yuan. In recent years, the capital brokerage business is also the brokerage industryPerformanceThe fastest growing business.

In addition, no more than 1.2 billion yuan will be used for self-management of securities and direct investment activities; no more than 300 million yuan will be used for financial technology and risk control compliance construction; and no more than 200 million yuan will be used for the securities brokerage business and optimization network distribution.

At the same time, Xiangcai’s shares will rise and no more than 1.3 billion yuan will be used to pay for the acquisition of 15% of Dazhihui’s shares.

Indeed, since the China Securities Regulatory Commission issued the new refinancing policy for listed companies, many securitiesBond、Allotment, OrientationAdditional issueEtc. To increase the solidity of the capital.

Among them, since the second half of this year, the market has improved.First enterpriseAnother 4.2 billion yuan will be raised,Centaline titlesThe non-public offering raised 3.645 billion yuan in funds,Haitong SecuritiesIt will increase the funds raised by 20 billion yuan,Guosen SecuritiesIt will increase the funds raised by 15 billion yuan,Southwest Securities(600369.SH) raised 4.9 billion yuan,Titles of Nanjing(601990.SH) raised 4.375 billion yuan.

(Article Source: Interface News)

(Responsible publisher: DF532)