Jingwei Spinning Machine Nearly Hit 1 Billion 500 Million In One Year.

Jingwei Textile Machinery issued a notice before the new year's day. It increased the registered capital by 820 million yuan through the increase of net profit and the increase of shareholders' capital. After the capital increase, the registered capital of China International Trust became 1 billion 400 million yuan.

Insiders estimate that after the new regulation of net capital regulation, the net capital of China International Trust is likely to still fail after the capital increase. It is expected that it will also need to increase net capital by increasing net profit and increasing shareholders' capital.

Twice increase

China Financial Trust net capital still has gaps

In fact, as long as the "trust capital net management method" was promulgated, the comparison of the trust assets scale of China International Trust about 130000000000 and its 325 million registered capital has attracted the attention of the industry.

Therefore, in the 2009 annual report, the China Trust International Trust disclosed that it had to increase the registered capital of the surplus surplus fund and the board fund of the total profit of 198 million yuan and the total number of funds of the board of directors for 255 million yuan in the same year. The registered capital of the company increased to 580 million yuan after the increase.

However, there is no delay in the issue of the pfer. Until September 2010, after the formal introduction of the measures, the above increase was finally settled.

However, the status quo of the China International Trust "little horse pulled cart" has not been completely changed.

Securities Daily reporter once telephoned Shu Zhanwei, deputy director of the China Trust International Trust. The other side told reporters that the net capital of the company was not satisfied with the provisions of the "measures".

However, according to the assessment data of the usufruct trust (before the increase), the net capital of the China International Trust is about 596 million yuan, the sum of venture capital of each business is about 2 billion 90 million yuan, and the ratio of net capital to the sum of venture capital is about 28.5%, which is much lower than that of 100% of the "measures".

That is to say, the net capital gap of China fusion international trust is more than 1 billion 400 million yuan, and the increase of 255 million yuan is only a drop in the bucket.

At the same time, in November 2010, the CBRC promulgated the notice of the risk warning of the real estate trust business of the trust company, and several trust companies, such as China International Trust and other trust companies, stopped their real estate trust business. The reporter learned from the interview that the reasons for the suspension of business in the international trust do not exclude the restriction of net capital.

In the face of the huge pressure of capital increase, the Jingwei Textile Machinery issued a notice before New Year's day.

CITIC Securities predicts that in the future, China International Trust will need to increase net profit and increase shareholders' capital to increase net capital.

Invested nearly 1 billion 500 million yuan.

Jingwei Textile Machine smashed money into China Trust Fund

In 2010, Jingwei Textile Machinery invested several times in the financial trust of China - from the acquisition to the recent capital increase, which directly or indirectly invested nearly 1 billion 500 million yuan.

In early 2010, Jingwei Textile Machinery signed with Zhongzhi group.

According to the announcement of Jingwei Textile Machinery in December 31, 2010, Zhongrong International Trust Co will increase the registered capital of the total profit of 530 million 880 thousand yuan in October 31, 2010 up to 520 million yuan in accordance with the shareholding ratio of the existing shareholders.

According to the shareholding ratio of Jingwei Textile Machinery 36%, it is to pay 187 million yuan of the distributive profit to increase the registered capital of the fusion international trust. At the same time, the shareholders of the China Trust Trust Co invested 300 million yuan in cash in proportion to the original shareholding year by year, increasing the registered capital, of which the investment amount of Jingwei Textile machinery was 108 million yuan.

That is to say, Jingwei Textile Machinery invested 295 million yuan.

Together with the agreement on equity pfer signed before Zhongzhi group, since 2010,

Reporters repeatedly called the Jingwei Textile machine before New Year's day, hoping to further understand the situation, but the other side only said "inconvenient to disclose the relevant situation".

Development does not depend on the main business

Trust business brightens three quarterly report

For the Jingwei Textile machinery, the acquisition of the fusion trust is only one of its many investment fields. As a listed company whose main business is textile machinery, in 2009, due to the financial crisis, the Jingwei Textile Machinery lost 112 million yuan. Although in the first half of 2010, when the global economy was recovering, the Jingwei Textile Machinery realized turning losses into profits. However, due to the fierce competition in the industry and the diversification of the road, the equity investment in the hot spots has been a straw for the textile machinery to maintain stability.

At present, the main business of Jingwei Textile machinery has become increasingly blurred, and foreign investment has become the main direction of the company. Apart from the financial sector, Jingwei Textile machinery has also carried out real estate business through its subsidiary company, Beijing Bo Hong real estate development Co., Ltd., on the other hand, it has acquired the shareholding of the automobile company.

At the beginning of last year, the Jingwei Textile Machinery signed a share pfer agreement with the Zhongzhi group, which agreed to sell 36% of the shares of the China Trust Company at the price of 1 billion 200 million yuan. However, according to the data, the total investment of Zhonghua group holding 67.69% stake in China International Trust is only 220 million yuan, and the premium of 36% equity interest in Jingwei Textile machinery is nearly 5 times.

Investors' lack of confidence in the acquisition of Jingwei Textile Machinery resulted in a 38% drop in the stock price of Jingwei Textile Machinery in a few days.

However, the determination of the wartime textile machinery is still very firm. The Jingwei Textile machinery has full confidence that the acquisition of the Sino trust trust will help the company to achieve business pformation and expand its business scope.

On the basis of the original spinning machine's main business, we should increase financial business and further improve our profitability.

The company can also rely on the financial platform of trust business to support the main business of textile machinery.

The three quarterly report of Jingwei Textile Machinery in 2010 showed that the Jingwei Textile Machinery completed the record of industrial and commercial changes in China's financial trust related shares in August 17, 2010. The financial trust report was formally incorporated into the consolidated financial statements of the Jingwei Textile machinery company. After the consolidated statements, the trust fees and commission income were 442 million yuan, so that the company's performance was turned into a profit at the same time.