"No responsibility" for bond issuance, the two major securities firms have attracted alert letter!Make less than 2 billion in the first quarter

On August 11, the Liaoning Securities Regulatory Bureau took a warning letter of supervision of CICC and Haitong Securities.

The warning letter shows that CICC, as the lead underwriter of the 2019 bonds for the issuance of bonds in 2019 and the main underwriter of the first phase of bonds (19 Huaji 01) in 2019. Waiting for the failure to fulfill their diligence and diligence, it violates the relevant provisions of the "Administrative Measures for the Issuance and Transaction of Corporate Bonds". Therefore, the Liaoning Certificate Supervision Bureau issued a warning letter to CICC, and as the person in charge of the project, Zhang Ye was also responsible for violations and received a warning letter.

In addition, Haitong Securities, the joint owner underwriters of the 2019 corporate bonds and the company's bonds (20 Huaji 01), the company's bonds in 2019, also exist in the situation that has not fulfilled their diligence and diligence. The warning letter issued by the Liaoning Securities Regulatory Bureau, and Yang Ruobing was also punished as the head of the bond project.

Public information shows that the "19 Huaji 01" bonds involved in CICC planned to issue a scale of not more than 2 billion yuan, and the actual issuance scale was 1 billion yuan. It is 700 million yuan, of which the former has more than a month, and the expiration time of the latter is in January next year, and the latest rating is C -Class.

In fact, CICC and Haitong Securities are both A shares 100 billion securities companies, which can be described as the leader in the industry.

Dongcai Choice data shows that as of the latest closing, CICC's market value was 209.9 billion yuan, ranking 4th in the concept sector of the brokerage firm, and Haitong Securities ranked 6th with a market value of 125.4 billion yuan. However, the overall trend of the brokerage sector has not been good this year. The top ten brokers in the market value are all declining. Among them, CICC and Haitong have fallen by more than 10%, and the decline in Guangfa Securities has reached more than 31%.

It is worth mentioning that the securities underwriting business, including bonds, is a large -revenue pillar of a brokerage company.

The annual report of 2021 shows that CICC's securities underwriting business has achieved a fees and commissions net income of 5.63 billion yuan, while its revenue of that year was 30.13 billion yuan, and net profit was 10.81 billion yuan. The situation of Haitong Securities is also the same. The revenue in 2021 was 43.2 billion yuan, and the net profit was 13.75 billion yuan, while the fees and commissions from the securities underwriting business reached 4.46 billion yuan.

However, in the first quarter of 2022, the revenue and net profit of CICC and Haitong Securities declined to varying degrees. Among them, CICC realized revenue of 507 billion yuan, a year -on -year decrease of 14.53%, and the net profit attributable to the mother was 1.66 billion yuan, a year -on -year decrease of 11.49%. The net profit of home also plummeted by 58.5%, only 1.5 billion yuan. This also means that the two securities firms have made less than 2 billion yuan less in a quarter.

(Author 丨 City boundary Feng Chenchen)

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