Tianmao Group leads a leading insurance sector: Recently, the large transaction is frequent. What is the intention of the Liu Yiqian couple to pledge the equity?

China Times (chinatimes.net.cn) reporter Hu Jinhua Shanghai report

The long -lasting A -share insurance sector ushered in the long -lost rising on August 11. The stock price of the six listed insurance companies showed a trend of rebound in the Jedi. Mao Group (000627.SZ) led the entire sector to rise in the leader. By August 12, the insurance stocks failed to continue their strengths, and the stock price ended the market for a week with Xiaoyin Xiaoyang.

"The current performance of the insurance stock is basically close to the historical low. The main reason is that the transformation and transformation of the life insurance market still cannot see the actual effect. The growth rate of premium growth and the shrinking of the agent team. Insurance stocks, the rename of Guohua Life is not completed. The reason why its lowest stock price in the sector is multi -faceted, and the most important thing is related to the industry. "A large securities company in Shanghai pointed out to the reporter of the Huaxia Times. Essence

It is worth noting that on the day of the daily limit of Tianmao Group, the announcement of the premium announcement showed that the cumulative premium revenue in July this year was 23.55 billion yuan, an increase of nearly 20%compared with the data of 19.96 billion yuan in the same period last year. However, the reporter found that the information about Liu Yiqian Wang Wei and his wife and Xinli Holdings Group pledged equity in the recent announcement as the actual controller; at the same time, from July 6th, more than 20 trading days, Tianmao Group appeared as much as possible Dama's transaction involved was about 185 million yuan. As of August 12, Tianmao Group closed up 3.52 yuan/share.

The low stock price has recently appeared frequently in large transactions

For three years, as a Tianmao Group, which has completed the identity of the insurance stock, its stock price has a continuous trend. Therefore, the company's long -lost daily limit board recently, especially the announcement of the large -scale transaction announcement, naturally attracted the attention of the industry.

According to statistics from the reporter of Huaxia Times, from July 6, a total of ten major transactions have appeared in Tianmao Group, and three major transactions in a total of 112 million yuan occurred on August 3, with a transaction number of 35.232 million yuan. The average transaction price is 3.18 yuan/share. Data show that in these large transactions, the highest premiums exceeded 10%of the transactions, and the lowest is at a parity of the transaction price on the same day.

For frequent transactions, our reporter also interviewed Guohua Life's interview and understand, but the company did not respond to this.

"The stock price trading of listed companies can stimulate stock price fluctuations in the emergence of large transactions. Of course, it does not rule out that there will be some actions of listed companies in the later period. The institutional capital will be launched in advance to activate the stock price. It must be the fleeing capital, and it is more a move of the left hand pouring and right hand. Because in the case of the company's fundamentals, there is no great benefit, and the emergence of large transactions cannot activate more market investors to do more emotions. "In August, in August, in August On the 12th, Liang Bin, the trader of Shanghai private equity institutions, told this reporter.

However, for the life insurance market, nearly 20%of the premium data before July of Shanghai Guohua's life announced by Tianmao Group is regarded as a "highlight", but it is not universal because of the fact that life insurance is actually life insurance The industry's premium growth rate is still hovering at the edge of the number of digits or even negative growth.

"After 15 years of development, Guohua Life has established a business pattern that focuses on bank security channels, Internet channels, and diversified channels. This year's scale premiums have achieved a certain degree of growth, mainly due to the inhability of multiple places in the same period last year last year. Repeated and other comprehensive factors affect the lower base; at the same time, the company is deployed in advance based on the business rhythm to ensure the healthy and stable development of the business. "For the reasons for the growth rate of premiums, the relevant people of Guohua Life responded to the reporter of the Huaxia Times on August 12.

According to the company, as the population aging intensifies, China's population scale dividends will be transformed into a demographic dividend. The proportion of people over the age of 60 will gradually increase. The country has also introduced policy support for the development of pension services and pension finance. In this context, Guohua Life has actively promoted the development of annuity insurance and pension insurance, and has conducted a certain linkage with the Kangyang Community. In recent years, Guohualu has actively deployed the Kangyang industry. Projects in Wuhan and other places in Hubei are actively promoting and expanding reserve projects in Beijing, Guangdong and Jiangsu and Zhejiang regions. It is a product measure that meets market demand and is also a product measure.

From the perspective of the industry, the growth of premiums in Guohua Life has a great relationship with its layout of the Kangyang community and the linkage with annuity products.

"In the Kangyang Market, the insurance company has a long layout and has formed an industrialization situation, such as Taikang, Tai Insurance, Guoshou, Taiping, etc., but from the perspective of the capital market, there is no good effect. The data of the outlet did not see it, that is, the return on investment in the Kangyang Community is relatively long, and there is no return. The rough measurement of the insurance company was 5%-8%of the return rate, but this may have to wait until it can wait until until it is until it can wait until China ’s demand for the elderly market is really out of time, that is to say, one day the bed or room in the Kangyang community shows signs of short supply, then the early investment will be returned."

Liu Yiqian couple pledged equity exceeding 200 million shares

In fact, Tianmao Group also had a wave of stock prices before and around five trading days around June 15 this year. The two premium income announcements of the bank and the equity pledge information announcement of the Liu Yiqian couple who were controlled by the controller. Since January this year, Tianmao Group has released the company's shareholders Liu Yiqian once a month's cumulative pledge shares of 116 million shares, accounting for 22.42%of their shares; The proportion was 18.36%; the cumulative number of pledged shares of Hubei Xinli Group was about 584 million shares, accounting for 26.51%of the shares held. Among them, Hubei Xinli Group has gradually increased the pledge of the equity of Tianmao Group, which has gradually increased from August last year. Since then, from January this year, the Liu Yiqian couples have also carried out a total of 228 million shares held by the Liu Yiqian and his wife. The pledge ratio is around 20%.

"At the beginning of the year, the highest proportion of equity pledge is about 70%, and generally 50%of small and medium customers. Take Tianmao Group as an example. Based on the original 3 yuan stock price, the two of them 'pledged equity was worth around 600 million yuan. However, in fact, the funds obtained from the brokerage firms should be 40 % off, that is, up to 500 million yuan, coupled with the newly benefited equity pledge of the controlling shareholder, the three parties can receive a total of more than 1 billion yuan. It is still considerable. "Zhou Wei (pseudonym), general manager of Pudong Sales Department of Shanghai, told this reporter.

When the reporter of Huaxia Times learned about the use of funds from Guohua Life on this issue, the other party replied that "the announcement of the listed company is prevailing."

Editor -in -chief: Xu Yunqian Editor: Gong Peijia

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