Shine Trader Live reports:
Recently, listed companies have joined the ranks of purchasing financial products.
From September 13 to 14, youyou food, Kanghong pharmaceutical, Salt Lake Co., Ltd. and Edison digital entertainment issued relevant announcements on the purchase of financial products, including structured deposits, fixed income financial plans, collective fund trust plans, net worth financial products, etc.
Zhongzhengjun statistics found that since this year, more than 1100 listed companies have purchased financial products, with a total subscription amount of more than 870 billion yuan. In terms of product types, structured deposits are still popular. More than 900 listed companies purchased them, with a subscription amount of more than 570 billion yuan, accounting for more than 80%.
Listed companies buy financial products with a large amount of money
But the scale is lower than that of the same period last year
Recently, a number of listed companies issued relevant announcements on purchasing financial products.
For example, on the evening of September 14, youyou food announced that the company used some of its own funds to buy financial products issued by ICBC on September 14, involving an amount of 50 million yuan.
On the evening of September 13, Kanghong pharmaceutical announced that its subsidiaries jishengtang and Chengdu Kangmao recently purchased financial products with their own funds, involving an amount of 40 million yuan. The product is a linked structured deposit of Bank of China, with a term of 92 days and a maturity date of December 14.
Salt Lake Co., Ltd. reported the latest progress on the use of idle self owned funds to purchase financial products. The entrusted financial products amounted to 250 million yuan. The products include the six-month fixed income financial products of Shanghai Pudong Development Bank, the semi annual fixed income financial plan of China Merchants Bank, the collective fund trust plan of foreign trade trust and the net value financial products of Everbright financial.
According to wind data, since 2021, 1125 A-share listed companies have purchased financial products, with a total subscription amount of RMB 871.272 billion.
CSI Jun found that the financial products purchased by listed companies include time deposits, structured deposits, call deposits, bank financial products, financial products of securities companies, financial products of financial companies, trusts, reverse repurchase, special fund accounts, etc.
In terms of the number of financial products held, there are 150 companies holding more than 20 financial products. Among them, 20 companies hold more than 50 financial products. Jiangsu Cathay Pacific ranks first, holding 180 financial products, followed by Shunbo alloy with 136.
In terms of subscription amount, 228 companies have subscribed for more than 1 billion yuan. The subscription amount of financial products of the four companies exceeded 10 billion, namely, Hangfa power (19.3 billion yuan), OPP lighting (18.481 billion yuan), Jiangsu Cathay Pacific (14.396 billion yuan) and Longji shares (12.8 billion yuan).
Companies that have subscribed for financial products worth more than 5 billion yuan this year
Data source: wind
Compared with the same period last year, both the total subscription and the number of large subscribers have declined. In the same period last year, the total amount of financial products subscribed by listed companies exceeded trillion, reaching 1017.678 billion yuan. For the shrinking scale, insiders explained that the reasons include the relatively small amount of idle funds held by enterprises, the decline in the yield of bank financial products, the restriction of structural deposits with high security, good liquidity and low risk, and the more attractive yield of asset management products such as funds.
Structured deposits are still the most popular
But the scale has shrunk
“In order to make rational use of its own funds, some of its own funds are used for cash management without affecting the capital demand and capital safety of daily operation, so as to increase the investment income of shareholders and the company.” youyou food wrote in the announcement for the purpose of entrusted financial management.
Zhongzhengjun found that in the description of the purpose of purchasing financial products, listed companies mentioned more about improving the company’s fund use efficiency, making rational use of idle funds, not affecting the company’s normal operation and increasing the company’s income.
It is observed that the time period of financial products purchased by listed companies is generally short, mainly from two months to half a year.
“In the absence of suitable investment projects, it is reasonable for some listed companies to use idle funds to buy financial products. After all, the current bank deposit interest rate is too low, and the purchase of financial products can increase a certain amount of financial income. This is of positive significance to improve the use efficiency of corporate funds and enhance corporate benefits.” an industry analyst said.
According to wind data, from the perspective of product types, compared with other products, structured deposits are still the most popular. Since this year, a total of 904 listed companies have purchased structured deposits, with a total subscription amount of 574.56 billion yuan, accounting for more than 80%.
“The primary premise for listed companies to use idle raised funds to buy financial products is to ensure the safety of raised funds, so structured deposits are still the first choice,” an industry insider said.
The so-called structured deposit refers to the deposit embedded in financial derivatives, which enables the depositor to obtain corresponding income on the basis of bearing certain risks by linking it with the fluctuations of interest rate, exchange rate and index or with the credit situation of an entity. The risk of such products is relatively low and the income is higher than that of ordinary deposits.
However, the subscription scale of structured deposits shrank compared with the same period last year. In the same period last year, the subscription amount of structured deposits of listed companies was 667.73 billion yuan.
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Reprint indicated source：Shine Trader Limited Live information