Editor of every business: Guo Xin
Picture source: Photo Network
On the evening of March 20, Guotai Junan released its 2018 annual report, showing that the company achieved a net profit of 6.7 billion yuan in 2018, a year-on-year decrease of 32.11%; it plans to pay 2.75 yuan for 10 yuan.
It is worth noting that in the annual report "Fair Value Disclosure" item, data on investment in the special account of Securities Fund Company was exposed. The data showed that the fair value of the company's investment in the special account of Securities Fund Company on December 31, 2018 was 12.393 billion yuan, a decrease of 11.97% from the end of the previous year.
Guotai Junan's 2017 annual report information, according to the agreement signed with Securities Finance Corporation, Guotai Junan's total funding amount in July 2015 and September 2015 was RMB 17.014 billion. This special account is shared by the company and other securities companies that invest in the special account according to the investment ratio by investing in the special account, and the securities company operates and invests in a unified manner. , on December 31, 2017, based on the investment account report provided by Securities Finance Corporation, the investment cost and fair value of the company in the special account investment were RMB 12.688 billion and RMB 14.078 billion respectively.
Public information shows that in 2015, A-shares experienced significant fluctuations. Under the rescue measures launched by the management, securities companies invested the agreed rescue funds in two batches in July and September of that year. The first batch of 21 brokers contributed 15% of the net assets at the end of June 2015, totaling 128 billion yuan, and handed over to the Securities Fund Company to invest in the blue-chip ETF; the second batch of 50 brokers (including the first batch of 21) continued to contribute to the market, and raised 100 billion yuan based on 20% of the net capital as of July 31, 2015, and continued to handed over to the Securities Fund Company to invest in equity securities.
With the stable operation of the A-share market in the past two years and the structural bull market of large-cap blue chip , the second batch of rescue funds have been gradually recovered by securities companies in the first half of 2017. However, it is worth noting that the first batch of rescue funds invested in July 2015 are still active in the market.
After 2015, 21 brokerage firms participating in the rescue of the market will disclose the "fair value of investment in special accounts of securities companies" in their semi-annual and annual reports. This project is actually the market value level of the rescue funds, which can intuitively reflect the investment returns of the rescue funds in that year.
Previously, Shenwan Hongyuan disclosed its annual report on February 28, of which the fair value of the released special account at the end of the year was 6.242 billion yuan, a decrease of 11.96% from 7.09 billion yuan in the same period last year, which is basically consistent with the data of Guotai Junan special account.
Daily Economic News
