The IPO application draft submitted by Zhongtai Securities has been pre-disclosed on the official website of the China Securities Regulatory Commission. So far, the 24 listed securities firms are expected to add new members, and the number of securities firms planning to be listed has increased to 10. Recently, there has been another wave of "small climax" in the shadow stocks of securities firms planning to be listed. In fact, as more and more securities companies' stocks are listed, the "shadow stocks" of securities companies have also attracted much attention from the market.
After the Thai Securities IPO application was accepted, 10 securities companies planning to be listed *** involved 21 "shadow stocks" of securities companies. As of April 5, the average increase in the "phantom stocks" of the 10 securities firms planning to be listed since March was as high as 19.15%, and all 21 "phantom stocks" rose.
Among them, Jiahua Energy (formerly Huafang Textile), a listed company that holds shares in Huaan Securities, has the best increase since March, at 28.18% (both are post-rights restoration, the same below). Followed by Jingshan Light Machinery, a listed company that holds shares in Tianfeng Securities, has increased by 28.05% since March. Ranked third is Caixin Development, a listed company with shareholder Wan Securities, which has increased by 26.64% since March. Even Supor, the last listed company that holds shares in Caitong Securities, has seen an increase of 9.19% since March. It seems that this spring, the "shadow stocks" of securities companies are in full swing.
At the same time, the shadow stocks that participate in Zhongtai Securities include Shandong Iron and Steel and Luyin Investment. Among them, Laiwu Iron and Steel Group, a wholly-owned subsidiary of Shandong Iron and Steel Group, holds 2.880 billion shares of Zhongtai Securities, accounting for 45.91% of the total share capital, and is its controlling shareholder. As of April 5, the gains of Shandong Iron and Steel and Luyin Investment since March were 9.76% and 14.99% respectively, which are not bad performances.
It is worth mentioning that while Zhongtai Securities is preparing for its listing, the company is also undergoing internal expansion. Yesterday, it issued a recruitment notice on its WeChat official account, recruiting as many as 369 people, including as many as 100 investment banking positions in the four major regions of Beijing, Shanghai, Shenzhen and Jinan.
In addition, Zhongtai Securities, formerly Qilu Securities, changed its name in the second half of last year, and the company's industry status has always been ranked high. According to Zhongtai Securities, in 2015, the company achieved operating income of 15.301 billion yuan and net profit of 6.073 billion yuan, far exceeding many listed securities companies; among 125 securities companies in the country, operating income ranked 12th; net income from agency trading business ranked 11th. position; the asset management business scale is 225.3 billion yuan, of which the active management scale is 105.7 billion yuan, ranking 8th in the industry. There are 161 companies recommended for listing on the New Third Board, and a total of 260 companies have been listed, ranking second in the industry. It has provided NEEQ market-making services to a total of 234 companies, ranking second in the industry in terms of the number of market-making companies.
At the same time, after Tianfeng Securities was accepted for IPO at the end of last year, its shadow shares have been performing well, with the highest average increase of 23.06% among the securities firms planning to be listed. Among them, the phantom shareholders that participate in Tianfeng Securities are Youfu Pharmaceutical, Daobo Co., Ltd., Sante Cableway, and Jingshan Light Machinery. They hold 523 million shares, 49.0827 million shares, 25.8094 million shares, and 10.5761 million shares of Tianfeng Securities respectively. Since March, The increases were 20.22%, 22.9%, 21.06%, and 28.05% respectively. In addition, Tianfeng Securities' internal senior managers and core backbones hold a total of 5.36% of the company's equity through three partnerships, which is similar to the implementation of internal equity incentives before the IPO was launched.
It is worth noting that investors cannot blindly follow shadow stocks. Jiao Wenchao, an analyst at Ping An Securities, believes that the impact of the listing of new shares cannot bring sustainable growth to the performance of listed companies, and to a large extent has no linkage effect with the growth of the main business, so investors need Note that the impact of shadow stocks on listed securities companies may only be a temporary effect, and the impact on long-term stock prices remains to be seen. In addition, at the beginning of the year, Baoshuo shares planned to be injected into Huachuang Securities through asset restructuring. In this regard, Jiao Wenchao said that Huasheng Shares, Baoshuo Shares, Harbin Investment Shares (increases of 36.21%, 36.87%, and 16.67% respectively since March) and other securities companies that plan to acquire shadow shares of securities companies will be included in the After the listed company replenishes capital, its performance in 2016 is expected to be better than that of the industry. At the same time, the securities business and the listed company's original business will create synergy, which is beneficial to the overall company development.