Prepare the IPO for less than half a year!The new "head" is fierce, this broker pushes the market, and there are also employee shareholding plans

Yu Weijia, the new chairman and general manager, immediately took office for half a year, and the listing target of Century Securities has officially put on the agenda.

Recently, the Securities Times · Brokerage Chinese reporters learned from people familiar with the matter that although the listing counseling has not yet been listed, Century Securities is actively preparing for the IPO under the leadership of the new executive. Essence

In addition to Century Securities, 7 securities companies including Dongguan Securities, Cinda Securities, open source securities, and Huabao Securities are waiting in line to be listed for review. Through the issuance meeting, A shares may usher in the first listed broker this year.

Century Securities IPO Acceleration

The time returned to March 5th. Century Securities held a number of meetings including the cadre meeting and the board of directors. The new management team was determined at the meeting. Yu Weijia became the company's new party secretary and chairman, and at the same time served as the company's general manager.

At that time, some market analysts believed that with the achievement of turning losses in 2020, whether the Century Securities IPO strategy can be achieved quickly, it is expected to be the top priority during Yu Weijia's term.

Sure enough, on May 31st, Century Securities hung up two bidding announcements, planning to hire sponsor agencies and law firms for its IPO projects. At this time, it was less than 3 months before Yu Weijia served as the new head of Century Securities.

Although the goal of the Century Securities has been proposed for a long time, it has always been working hard to engage in performance and lay the foundation. Today, with Yu Weijia, the investment bank veteran joined, the company's listing goal has finally become clearer.

On June 28, Century Securities announced the selection list of IPO agencies. Among them, Guotai Junan Securities will serve as a sponsors, winning bid prices (including taxes, the same below) is 3%of the total amount of funds raised; at the same time, the bid winning is the Beijing Jiayuan Law Firm, with a winning bid price of 1.98 million yuan. According to the price of 5.98 million yuan (special common partnership), the KPMAWARACAR Accountants (special common partnerships) won the capital and shareholding, employee shareholding plan and IPO audit service project of Century Securities.

This also means that before the official application for listing, Century Securities may first carry out a round of capital increase and share, and even implement the employee shareholding plan. In fact, the increase in capital before listing can be regarded as an industry practice. The New Third Board Listing Brokerage Guangdong Kaikai Securities is currently actively promoting the 5 billion yuan fixed increase project, and said that it will "strive to achieve the target of capital increase as soon as possible and make a good way for successful listing". " Essence

Performance indicators still need to be improved

Public information shows that there are currently 7 securities companies in Dongguan Securities, Cinda Securities, Bohai Securities, Bohai Securities, Pioneer Securities, Open Source Securities, Huabao Securities, and Caixin Securities are waiting in line to be listed for review. Among them, Dongguan Securities and Cinda Securities have passed the review meeting on February 24th and June 30th. One of the two may become the first listed broker in A shares this year.

According to the 2021 industry performance ranking released by the China Securities Association on June 17, Century Securities achieved revenue of 796 million yuan in 2021 and a net profit of 170 million yuan. As of the end of 2021 100 million yuan. The four financial indicators are ranked 70th in the industry, and the rankings are not high.

Compared with the Cinda Securities and Dongguan Securities during the year, in 2021, Cinda Securities realized revenue and net profit of 2.577 billion yuan and 1.172 billion yuan. Dongguan Securities achieved revenue and net profit of 2.729 billion yuan and 997 million yuan respectively during the same period. All, obviously more than Century Securities. In addition, the total assets of Cinda Securities and Dongguan Securities as of the end of 2021 were 57.3 billion yuan and 49.5 billion yuan, respectively. Century Securities may need to complete the capital increase and share expansion to catch up.

Specifically, Century Securities' current advantageous business is asset management. As of the end of 2021, Century Securities Asset Management scale was 2.1276 billion yuan, an increase of 165.88%year -on -year; in 2021, the company's asset management business achieved operating income of 107 million yuan, an increase of 726.19%year -on -year; Ranked in the 40th place.

In addition, Century Securities' investment banking business has also improved significantly. The 2021 Century Securities Investment Bank business made progress on the basis of the reorganization of investment banking business structure in the previous year. The annual investment bank's business revenue was 50.8529 million yuan, an increase of 206.00%year -on -year. Among them, Century Securities underwritten (including joint) corporate bonds, with a total of 6.567 billion yuan of raised funds. The underwriting business revenue increased by 506.83%year -on -year. It also expanded project reserves in terms of equity business and declared non -public issuance projects. Combining Yu Weijia's rich investment banking experience, the future investment banking business may be expected to become the next breakthrough point of Century Securities.

Responsible editor: Gui Yanmin

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