If floating profit is only wealth on paper, the real profit situation is that “unlock” can be traded freely when it expires.
The Chinese reporter of securities companies noted that on July 22 this year, the 25 science and Innovation Board companies invested by the sponsor of the science and Innovation Board officially ushered in the opportunity of free trading. On the first trading day after the unlocking on July 23, 14 alternative subsidiaries of securities companies made a lot of money as a whole, with a total investment of 1.373 billion yuan and a profit of 2.95 billion yuan, realizing an excess return of up to twice in two years. Among them, CITIC Securities The top three companies of Haitong Securities and CSC securities made a total profit of 1.3 billion yuan, accounting for 44%.
Originally, as the “sponsor + follow-up investment” system of the science and innovation board, it was used to compact the responsibilities of securities companies. On the contrary, it has virtually become a major growth point of the profit source of securities companies. More and more securities companies are overweight the layout and choose to apply for the establishment or continue to invest heavily in alternative investment subsidiaries.
The first batch of unlocked securities companies made a big profit of 3 billion with investment
It has been two years since the first batch of 25 companies listed on the science and Innovation Board on July 22, 2019, and the following investment of securities companies has ushered in two years of “unlocking” with the arrival of time.
These 25 enterprises are: RuiChuang Weina, rongbai technology, huaxingyuanchuang, hongruan technology, Guangfeng technology, Fuguang Co., Ltd., Anji technology, Zhongwei company, traffic control technology, Xinguang optoelectronics, LanChi technology, Tianzhun technology, Lexin technology, Nanwei medicine, platinum, Hanchuan intelligence, fangbang electronics, Xinmai medical, Tianyi Shangjia, Wald, aerospace Hongtu, Western superconductor Jiayuan technology, Hangke technology, China Communications.
It is understood that in order to solve the industrial problems of “only recommendation but no guarantee”, the science and Innovation Board introduced the sponsor “follow-up investment” mechanism at the beginning of its establishment, strengthened the check responsibility of the sponsor, and required the special alternative subsidiary of the securities firm to follow-up investment, with the proportion of follow-up investment of 2% ~ 5% of the number of initial public offering shares and a lock-in period of 2 years.
The Chinese reporter of securities companies noted that the first batch of 25 science and Innovation Board companies were officially “unlocked” on July 22, and 14 alternative investment subsidiaries of securities companies invested a total of 1.373 billion yuan. As of July 23, the first trading day of “unlocking”, the total market value of securities companies’ follow-up investment reached 4.324 billion yuan, the total profit was 2.95 billion yuan, and the return on investment reached 214.77%, realizing the excess return of locking twice in two years.
From the data, 11 of the 14 securities companies invested in subsidiaries made profits of hundreds of millions of yuan. Among them, CITIC Securities is still the “King” in follow-up investment. It recommended three of the first batch of science and Innovation Board companies, with a profit of 553 million yuan. Haitong Innovation Investment Co., Ltd. and CITIC Construction Investment Co., Ltd. ranked second and third, with a profit of 381 million yuan and 365 million yuan respectively, and the number of follow-up IPOs was 2 and 6 respectively.
From the 25 projects of the first batch of Sci-tech Innovation Board companies, 24 companies of securities companies and investment partners have achieved profits, and only one company, China Communications securities company, has suffered losses. The cost of follow-up investment of CICC Fortune Securities Co., Ltd., a sponsor of CICC, has invested 210 million yuan, with a loss of 6.11 million yuan as of July 23.
Reprint indicated source：Shine Trader Limited Live information