“Tobacco” brokerage Hongta Securities investment income and other business income accounted for a relatively high, operating profit growth slowed, the ipo lifted less than half a year

2022-08-05 0 By

Hongta Securities recently announced that its shareholder, Kunming Industrial Development and Investment Co., LTD. (hereinafter referred to as “Kunming Industrial Investment” or “The Company”), has cancelled its pledge of 90 million shares, accounting for 39.54% of its holdings and 2.48% of the total share capital of the company. The accumulated remaining pledged shares of the company are 0.It is understood that Kunming Investment holding hongta Securities shares of 296 million shares, accounting for 6.27% of the company’s total share capital.The beginning date of this pledge is January 19, 2021, and the pledgee is China Minsheng Bank Co., LTD.According to zhongdeng stock pledge information, as of January 24, Hongta Securities to be repurchased surplus of 45,4013,100 shares, the pledge ratio of 9.63%.In the next three months, four pledges will mature, all from the shareholder Yunnan Investment Holding Group Co., LTD. (hereinafter referred to as “Yunnan Investment”).It is reported that yunnan investment total pledge 49.99% of the shareholding, close to the 50 per cent ceiling.It is worth mentioning that Hongta Securities was successfully listed on The Shanghai Stock Exchange on July 5, 2019, and its largest shareholder is Yunnan Hehe (Group) Co., LTD.According to flush (300033) data, its final controller is China National Tobacco Corporation.In recent years, the tobacco industry has been strengthening its efforts to fight corruption. In the evening of January 24, the actual controller of Warburg (300741) was put on file by the Supervisory Commission for his involvement in tobacco corruption, which aroused market concern.On December 21, 2020, Yunnan Securities Regulatory Bureau pointed out that Hongta Securities had a number of violations, such as the imperfect internal control system of clean industry, the board of directors did not set the management goals of clean industry, and the employees did not inspect and evaluate their clean conditions after leaving, and ordered them to correct.At the same time, on July 5 this year, Hongta Securities will usher in A large-scale ipo release, the number of shares released reached 2.158 billion, accounting for 45.76% of the total share capital of A shares.In addition, in the financial aspect, the company’s investment income and other business income accounted for a relatively high.At the same time, in the past two years, the company’s investment income began to decline significantly, and other business income increased significantly.Data show that from the end of 2018 to 2020 and in the third quarter of 2021, the company’s investment income was 416 million yuan, 1.532 billion yuan, 2.857 billion yuan and 1.801 billion yuan, with year-on-year growth rates of 130.28%, 268.39%, 86.45% and -14.90%, respectively.Investment income accounted for 34.62%, 74.17%, 51.15% and 32.82% of operating income respectively.From the end of 2018 to 2020 and the third quarter of 2021, other business revenues were 0.05 million, 112 million, 2.734 billion and 3.449 billion, respectively, with year-on-year growth rates of 39.31%, 2,716.88%, 2,351.31% and 150.07%.Other business income accounted for 0.41%, 5.40%, 48.95% and 62.86% of operating revenue respectively.In financial reports, other business revenues are high, while costs are also high.From the end of 2018 to the end of 2020 and the third quarter of 2021, other business costs were 300 million, 108 million, 2.695 billion and 3.424 billion, with year-on-year growth rates of 15.14%, 3,115.38%, 2,401.59% and 148.26%, respectively.Other business costs accounted for 0.28%, 5.22%, 48.25% and 62.41% of operating revenue, respectively.As the contribution of investment income to revenue declined, the company’s operating profit growth began to slow.From the end of 2018 to the end of 2020 and the third quarter of 2021, the company’s operating profit was 515 million yuan, 1.127 billion yuan, 1.841 billion yuan and 1.388 billion yuan respectively, with year-on-year growth rates of 5.44%, 118.73%, 63.36% and 13.89%.