Big shareholder backing investment bank project Hongyuan Securities earnings surge

The wind wheel circulates. After nearly a quarter of the stock market downturn, Hongyuan Securities gave a beautiful semi-annual newsletter, the industry surprised.　　Income of 1.709 billion yuan in the first half, an increase of 30.32%, the chain growth of 6.22%, the first half of the company to achieve net profit of 732 million, an increase of 40%. The first half of the company completed 8 new shares of the main underwriting, underwriting the amount of 9 billion, underwriting commission income reached 271 million yuan, a significant increase in profits, the contribution of more than 15%. In an interview with the Huaxia Times, a number of analysts said that despite a sharp fall in the two quarter and a significant decline in turnover, the company's operating income still achieved a 30% growth, of which two quarters achieved net profit of more than 300 million, the chain fell. However, given the changing market environment, it is not easy to achieve such a performance.　　The first half of the company's investment bank project has entered the harvest period, has become the main driving factor of performance.　　However, in the traditional business of the capital market, the unsustainable performance of the investment banking business of many securities companies, "the size of the year", how to continue to beautiful performance has undoubtedly become a new macro source of the test questions. The performance of the hurricane can be seen in the first half of the macro-source securities completed 8 IPOs, respectively, is the creation of the company, two heavy outfit, Li Peng shares, days of the original group, three environmental protection, love Shi, Han Sen pharmaceutical, Guizhou Lark.　　It is a burst of growth compared with the 4 of shares that have been completed in 2009, with a total share allotment, debt transfer, corporate bonds and IPOs.　　Statistics show that in the first half of 2010, starting underwriting income has ranked 8th, listed companies ranked third, and the main underwriting amount ranked 16th, compared with the 31st position in the same period last year significantly increased. In this respect, Hongyuan securities dong Yangchangyun in the "Huaxia Times" interview Blunt: The company's investment bank business development, is not a special place, the project reserves of centralized release and sponsorship team size is the main reason.　　As you can see, 2009 is not a lot of underwriting projects, the first half of 2010, the focus on the release of investment banking revenue contribution rate increased. And in the Yangtze River Securities industry researcher Liu June, this year, macro-source securities perfect organizational structure and a considerable scale of the sponsorship team for investment banking to provide greater protection, in order to improve the organizational structure, integration of resources, the company set up in Beijing investment bank headquarters, according to the region also has Shanghai, southwest, Shenzhen　　Wuhan and Northeast 6 regional headquarters, and in the Interior with Equity financing Department, Bond financing department, mergers and Acquisitions Business department, structure Finance department, quality control department and capital Market department. "Headquarters +6 large areas," the combination of business layout model, to facilitate the company's business perspective to the whole country, for the company investment bank business Development, talent absorption provides an excellent operating mechanism, is the company's investment bank business scale growing momentum.　　Up to now, the company sponsored the number of 29 people, and has a considerable scale of investment banking team, the total number of 50 people. The big shareholder is able to see the investment bank business, compared with CICC, Citic and other strong investment banking business and peace, investment, national letter and other small and medium-sized enterprises investmentOffensive business, macro-source securities in investment banking is unknown, many of Xinjiang's brokerage for its annotation. In insiders ' view, shareholder resources are the biggest driver of investment banking.　　And in the first half of 2010, the explosion of Acer Securities investment banking, the company's investment bank in recent years, the most direct source of the company's largest holding shareholder-China Bank Investment Co., Ltd. support.　　Since 2006, the success of the bank investment in the company injected 2.6 billion, greatly tamping the company's capital strength, at the same time, as a listed brokerage, Huijin is a powerful enterprise resource integration platform.　　It can be seen that the main holdings of construction Bank investment are: CIC Securities, Cathay-Thailand Fund, CIC Trust, Friends of International Leasing, CIC Consulting, Jian Yin Industrial, everbright Industry, CIC Technology, the main shareholding enterprises have Southwest securities, but also has some listed and unlisted companies equity. In this regard, Liu June told the "Huaxia Times" reporter, relying on the establishment of silver investment in the background and resources, the company investment bank in the project selection, forwarders and other aspects have inherent advantages, especially the shareholder's resources and contacts.　　Xinjiang electric Power Company, Xinjiang Corps and Building industry investment company are the shareholders, as in Xinjiang, the local monopoly of the firm, its rich shareholder resources is undoubtedly to strengthen the local investment banking market is a great help. Regarding the shareholder's background, Yangchangyun's position is more real, the construction silver investment as the big shareholder's superiority is nothing but the big shareholder's own strength is abundant, and to the company each business support.　　And the bank investment as an investment company, the future in the development of macro-source is expected to seek cooperation. In this respect, in Hongyuan Securities 2009 shareholders Meeting on the scene, the company's general manager Hu Qiang "Project Reserve Theory" may be more appropriate.