The price reduction of 73.75 million, can Dongxing Securities 42.53 million shares be sold?

After the shot, Dongxing Securities 42.53 million shares again appeared on Ali auction.

Recently, Ali Assets · Judicial Website shows that 42.53 million shares of Dongxing Securities will be auctioned on September 2, 2022. The starting price is 80%of the first auction price, that is, 2.95 billion yuan, which is reduced from the previous auction price. 737.47 million yuan.

At the end of last month, Dongxing Securities had a public auction of this part of the equity. During the process of the auction, 91 people set up auction reminders. 4,629 people watched the auction, but in the end, 0 people registered and no one bid. After this big price reduction, will there be a powerful investor to come to the bottom?

The price reduction is 73.75 million

In one round, two rounds. Dongxing Securities 42.53 million shares have come to publicly sell them again.

Ali Auction Information shows that the Fuzhou Intermediate People's Court of Fujian Province will conduct public auction activities on Taobao's judicial auction network platform at 10:00 on September 2, 2022 to September 3, 2022 (except for delay). The auction target is Dongxing Securities 42.53 million shares, securities code: 601198.

After experiencing the previous take -time shooting, the online judicial auction price of 42.53 million shares for Dongxing Securities was 80%of the first auction price as the starting price, that is, 2.95 billion yuan. The auction margin was 29 million yuan, an increase of 1.5 million yuan, which was a decrease in the previous auction.

The court stated that because this part of the stock is an unlimited sales condition, it is being listed on the Shanghai Stock Exchange, and the secondary market has public transaction prices in the market. The average closing price of 20 trading days is the starting price of the auction, and there is no need to evaluate at the commissioned evaluation agency.

After "20 % off", the stock price per share of Dongxing Securities will be 6.94 yuan. Judging from the recently improved stock price of Dongxing Securities, the price after 20 % off is more fragrant.

Affected by performance, Dongxing Securities's stock price in the first quarter of this year has continued to decline, reaching 7.59 yuan during the annual low in early May. Due to the boost of the overall sector of the "Bull Market Banner", the stock price has been raised in the near future. As of the close of August 17, Dongxing Securities's stock price was 8.52 yuan.

In addition, the Fuzhou Intermediate People's Court reminded that the target of the auction is the circulation of stocks of listed companies. The value of the subject matter is greatly affected by factors such as market conditions.

After the auction transactions, the court was only responsible for issuing assisted legal documents to transfer to securities management agencies. Please consult the securities management institution on its own. Due to the high total value of the stock, the bid for ginseng needs to be cautious.

4629 people watched no one to sign up

In the last auction, Dongxing Securities had a lot of equity onlookers, but none of them signed up, and eventually ended out of the outcome.

From 10:00 on July 29th to 10:00 on July 30th, the Fuzhou Intermediate People's Court publicly shot publicly on the Taobao judicial auction network platform. The platform data shows that a total of 91 people set up a reminder when they were shot, and 4629 were onlookers, but in the end 0 people registered, no one bid.

According to industry practices, there are often certain discounts after entering judicial auctions, and 20 % or 10 % off in the industry. Because the stock auction of Dongxing Securities was not discounted at the time of the shot, it was transferred at the market circulation. This may make some investors who want to "bottom out" to be prohibitive or patiently waiting for the second shot.

The auction information shows that the stock of Dongxing Securities has been pledged, and the pledgee is the Fuzhou Branch of China Everbright Bank Co., Ltd.

According to Wind data, Dongxing Securities Announcement disclosed the statistics of large shareholders' pledges that the number of pledged equity of its shareholders Fujian New Coalition Investment Co., Ltd. was 42.53 million shares, accounting for 1.32%of the total share capital.

It is expected to decline by 64% in the first half of the year

Maintain AAA credit rating

Affected by the fluctuation of the capital market, Dongxing Securities' performance forecast data in the first half of 2022 was unsatisfactory: It is estimated that the net profit of 273 million yuan in the first half of 2022 will achieve a net profit of 273 million yuan, a year -on -year decrease of 63%.

Regarding the reasons for the pre -reduction of the performance in this issue, Dongxing Securities stated in the preview that in the first half of 2022, under the multiple impacts of Federal Reserve's interest rate hikes and Russia -Ukraine conflicts, the secondary market fluctuated. Affected by fluctuations in the securities market, Dongxing Securities' equity investment business revenue has declined to a certain extent from the same period of the previous year, resulting in a decline in overall performance.

During the same period, China Chengxin International gave the main credit grade AAA grade to Dongxing Securities, and the rating outlook was stable. As a result, the validity period was from May 31 to November 30.

In the rating report, China Integrity International affirmed the supporting role of positive factors such as Dongxing Securities with strong support, balanced development of multiple business lines, and diversified financing channels for the overall operation and credit level of Dongxing Securities.

At the same time, China Integrity International gives four attention opinions:

First, the pace of opening up the financial industry has accelerated, and market competition has intensified. As the domestic securities industry accelerates the restrictions on opening up, relaxation of mixed operations, and more and more brokers to enhance their strength through listing and acquisition of mergers, Dongxing Securities will face competition from domestic and foreign brokers, commercial banks and other financial institutions.

The second is the overall downward of the macroeconomic, and the stability of operations needs to be improved.Macroeconomic overall downlink, increased external environmental uncertainty, and volatility of the securities market constitute the stability and continuous profitability of Dongxing Securities.Third, securities investment income fluctuates greatly.In recent years, Dongxing Securities has fluctuated in the securities investment business, and the stability of investment income needs to be strengthened.

Fourth, the progress of stock risk projects for stock pledge business needs to be observed.Dongxing Securities stock pledge business has not added new projects in recent years. The existing risk projects have a lot of pressure to resolve, and the proportion of performance guarantees is low. It is necessary to pay attention to the progress of the follow -up disposal of risk projects.

It is worth noting that Dongxing Securities has recently applied for a fund custody license, and the board of directors has adopted the "Proposal on Application for the Capital of Science and Technology Board Stocks to Do the Municipal Transaction Business".If a new business license can be successfully approved, Dongxing Securities is expected to obtain new profit growth points.

(Original: 73.75 million! Can the second shot of this securities firm's equity be sold?)

Responsible editor: Gao Shuai | Review: Li Zhen | Director: Wan Junwei

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