Eastern wealth shares soar and push "regular treasure" betting on internet finance

Last week, the Shanghai and Shenzhen stock indexes rose strongly, rising by more than 4.5%. Stocks, Oriental Wealth (market, interrogation) performance eye-catching, week rose up to 13.64%, far away to win the market. And in the business, following the "Demand treasure", recently net another financial weapon "regular treasure", into the financial market. In the industry's view, the wealth of the Orient has recently been a strong force on the Internet financial sector is the main impetus for its share price rise. Eastern wealth shares soared as the shares soared into the September. As of September 16, in 11 trading days, the Oriental wealth share price has risen in 9 trading days, down only 2 trading days. In the 9 trading days, 1 trading, 3 rose more than 5%. And from the second half of the year trend, Oriental wealth in the June 13 hit a phased location 8.99 yuan, the stock price on the way up. September 16, its share price closed at 19.93 yuan, more than doubled. In the first half, eastern wealth rose by as much as 190.24%. In fact, since the beginning of last December, Oriental wealth has soared, and the market has great expectations for its "electronic brokerage" licence. Despite the latest rumours of a blockage in its "electronic brokerage" licence, the company's share price has not been blocked. From December 4, 2012 to July 12, 2013, Eastern wealth shares rose 355.03%. The strong performance of Oriental wealth has also been favored by institutional investors. Data show that from May to July, the Chinese merchants to buy 5 times in the East Wealth, the cumulative purchase amount of 391 million yuan, buy 33.81 million shares, the average cost of about 11.58 yuan (after the right to recovery). The rise in share prices is hard to hide performance embarrassment compared with its strong share price, Eastern Wealth's medium-term performance was a loss. The latest annual disclosure of Oriental Wealth shows that the first half of the company to achieve operating income of 77.1611 million yuan, down 39.82% from a year earlier, the net profit of the listed company shareholders-16.7258 million yuan, down 139.26% from a year earlier. The company said the decline was mainly attributable to a sharp fall in revenues from financial data Services last year, as well as a significant decline in the corresponding deferred income, while the decline in revenue from Internet advertising services was influenced by the macroeconomic situation and the co-ordination of corporate business promotion arrangements. The more eye-catching part of the semi-annual report is the internet finance sector. According to semi-annual reports, the company's first half of the fund's third party sales and service business rapid and healthy development, fund sales in the second half of last year, the financial e-commerce services business income corresponding substantial growth, to achieve financial e-commerce services business income has reached 10.2708 million yuan, accounting for the total operating income ratio of 13.31%, began to become one of the company's main branch business revenue. Compared with the traditional data main business less than 25.76% of gross profit margin, financial e-commerce gross profit margin up to 72.93%. Oriental Wealth said that the first half of the company from a strategic level to further promote the development of financial e-commerce services business. 20In the first half of 13, the company's financial e-commerce platform amounted to the fund to realize the purchase and the regular quota of purchase transactions 207,800, the fund sales of 2.179 billion yuan. At the same time, the semi-annual report disclosed the current market attention of the "demand treasure" business related sales. The business is based on the selection of Monetary Fund as the target, to facilitate the choice of investors, Cash management, investment in Monetary Fund products, innovative financial services. It was launched in May this year by a wholly-owned subsidiary and renamed as a "demand treasure" in June. Data show that from June 26 to July 18, "demand treasure" total implementation of the purchase transaction 80,000, sales accumulated for 1.648 billion yuan. Betting on internet finance although the first half of the performance is passable, but the Oriental wealth is full of confidence in the future, betting on internet finance has become the future focus of Oriental wealth. Oriental Wealth said, although the company's third party sales and service business is still in the initial stage of development, the scale is relatively small, but the company will actively stand on the Internet financial Innovation tide, promote the financial E-commerce service business to become the company's future important strategic business and profit growth. NET founder September 5 at the 2013 China International Financial Brand Forum Forum, said that from last year to now, official and non-governmental organizations on the Internet financial recognition is getting higher. If the Internet financial development just started last year, this year is a development period, next year is likely to be the outbreak of internet finance. On the brokerage side, Hongyuan Securities (market, inquiry) researcher Carey pointed out that the internet finance in full swing, Oriental Wealth company business growth space is huge. The company is the outstanding leader of Internet financial business, the new Internet financial business mainly includes fund internet sales, demand treasure, etc. Reference to the United States data, China's Internet Third-party funds sales space is expected to reach 300 billion to 500 billion, the future with the user conversion rate, the company will also usher in business outbreak. At the same time, the company launched a demand-money fund products, to solve the fund's users idle capital appreciation of the problem and the Fund's sales channels, for the company, the company has accelerated the evolution of large-scale Internet fund supermarket process.