Everbright Securities in the last year near the imminent risk

Everbright Securities published the 2013 annual report last night, by the "8 16" incident and Tianfeng energy-saving events, Everbright Securities 2013 net profit significantly decline, so far the only net profit decline of the securities companies. Everbright Securities Annual report shows that 2013 Everbright Securities net profit of about 284 million yuan, down 72.56%; The net profit of the shareholders of the listed company is 206 million yuan, down 79.48%; The net profit of the shareholders of the listed company is about 554 million yuan, which falls 38.86%. 2013, the company's profit distribution plan for each 10 shares allocated 0.2 yuan (including tax). Up to now, in addition to Everbright Securities, Southwest Securities, National Gold securities, Northeast Securities and national Yuan securities four listed securities companies also published the 2013 annual report. Four brokerages last year amounted to operating income of 7.263 billion yuan, profit of 2.091 billion yuan, rose 31.25% and 78% respectively year-on-year. This also makes Everbright securities as the first to publish annual report net profit decline brokerage. The impact of "8 16" on the performance of Everbright Securities is undoubtedly the focus of the outside world. Everbright Securities said, during the reporting period, the company for "8 16" incident by the SFC administrative supervision and punishment, a total of 523 million yuan confiscated money, the company's original president Xu Haoming, the former assistant President Yang Chizhong was warned by the SFC, and sentenced to 600,000 yuan fines, lifelong securities market ban, the original secretary of the Board Mei information misleading was ordered to correct by the SFC, and fined 200,000 yuan. The impact of the "8 16" incident has not only come from heavy penalties for regulation, but the company is currently facing the risk of litigation by investor claims. According to statistics, as of the end of the reporting period, the company received the court has accepted the "8 16" incident a total of seven civil cases, related to the target of about 1.05 million yuan. In addition to the "8 16" incident, Everbright Securities last year was also mired in days Fung Energy-saving IPO fraud cases. Everbright Securities by the SFC to give warning sanctions, confiscated business income of 2.15 million yuan and fined 4.3 million yuan. Everbright Securities in the annual report admits that the days of abundant energy-saving events so that the company's reputation has been seriously damaged, may lead to loss of corporate customers, the company's credit rating and the amount of credits lowered. It is noteworthy that Everbright Securities annual report disclosed shareholder data compared with the third quarter of last year, the Shanghai 50 Trading Open index funds and Yu-Tong series of single Trust 2nd private equity fund exit top ten shareholder list, in addition to Volkswagen car rental and other four shareholders have been reduced. In the publication of the annual report, Everbright Securities also issued the "Internal Control evaluation report", in this report, Everbright Securities recognized that the "8 16" incident exposed the company's strategic investment in the development of securities proprietary business process, the wind control mechanism has not achieved effective coverage , and in the days of abundant energy-saving events issued by the issuance of sponsorship books and related documents are false records, reflecting the company's due diligence system and internal control system there are certain deficiencies.