Trust Company to raise revenue last year to value public sector shares

-Our correspondent Zhao Xiai as of May 7, 27 trust companies disclosed the results of last year's annual report, showing a marked decline, with investment earnings plummeting by more than 30%.　　In the first quarter of this year, trust companies to adjust their positions, the list of the top ten circulating shares of listed company has exposed the investment changes of trust companies, investment in "big public utilities" between trust companies have reached a consensus. Soaring costs drag on performance according to the latest statistics of the securities daily, the 27 trust companies that have disclosed the results of last year's annual report, combined operating income of 11.386 billion yuan in 2008, operating expenses of 3.677 billion yuan, total profit and net profit respectively 7.806 billion yuan, 6.005 billion yuan, Total assets amounted to 46.474 billion yuan.　　In comparable 25 trust companies, the characteristics of the increase in the benefits are obvious. Comparable data show that 25 trust companies last year total operating income of 11.135 billion yuan, compared with the 2007 annual increase of 8.99 billion yuan 23.86%. Unfortunately, operating expenditure increased substantially over the same period from 2007 to $3.533 billion in 2008, up by as much as 82.92% per cent year-on-year. It is the soaring operating costs that have hit the company's operating performance.　　The total profit was reduced from 9.704 billion yuan in 2007 to 7.652 billion yuan in 2008, a year-on-year decline of 21.15%; 2008 net profit amounted to 5.878 billion yuan, compared to 6.79 billion yuan in 2007 13.44%. In particular, 11 of the 25 trust companies to achieve steady growth in 2008, Shandong Province International Trust, trust trusts, China Railway Trust, Beijing International Trust operating the most outstanding performance, net profit has doubled, In particular, the net profit of the international trust of Shandong Province grew 5.87 times times year-on-year, and the profit was increased from 24.404 million yuan in 2007 to 167.7087 million yuan in 2008.　　It is noteworthy that the Shaanxi Provincial International Trust, Warburg Trust and other companies operating income doubled, but the same period of net profit has negative growth. Investment income growth of four companies in the 27 Trust Company annual report, 24 announced the profit and loss of investment income.　　Comparable financial data show that the Trust Company's investment income in 2008 has negative growth, and only four companies to achieve the increase in investment income. According to statistics, 24 trust companies in 2008 investment income total of 3.218 billion yuan, compared with 2007 5.154 billion Yuan fell 37.6%. Despite a sharp fall in investment earnings, the risk aversion of trust companies is worth affirming compared with the 67.14% annual decline in the Shanghai Composite Index.　　Of these, 9 companies have increased their investment earnings, accounting for 38%, and 13 have fallen, and two have lost investment. Tianjin Trust, Shanxi Trust, the Sino-Financial Trust in the last year's most successful investment, investment income has achieved several times growth. Tianjin Trust 2007-year investment income is only 200,700 yuan, in 2008 this value soared to 284313,400 yuan, the increase is up to 141560.89%.　　Investment in stocks, the Tianjin Trust 2007 annual report shows the investment in Qinghai gelatin 3.6 million shares, 2008 reported that in addition to investment in Qinghai gelatin 3.6 million shares, but also invested in the 1.2369 million shares of shares, two stocks in 2008 have won the Shanghai Composite Index. Trust income, there are only Warburg trust, Zhongyuan Trust disclosed the trust specific indicators, the two companies 2008 trust income of 511.5709 million yuan, 405.07 million yuan, respectively, reduced 92.93%, 23.75%, the trust gains and losses are-717.6432 million yuan,　　338.72 million yuan, year-on-year decline, the capital yield was 36.4%, 4.01%, respectively, down 9.83%, 42.22%. The first quarter value "big public utilities" in the 2009 quarterly, a total of 132 listed companies in the list of the top ten circulating shares of the Trust company, this total compared with the 2008 Annual report, only 2 companies to increase the shares, and more than half of the shares are new to the trust companies. A change in the past to intervene in a relatively shallow characteristics of the first quarter trust companies have significantly increased shareholding ratio.　　Trust companies share more than 10% per cent of shares in tradable shares, and another 19 have more than 3% per cent, with a high proportion of firms far exceeding the four quarter last year. According to statistics, the first quarter Trust Company Holdings from the end of 2008 2.085 billion shares, reduced to the quarter of this year's 2.057 billion shares, the position reduced by 1.32%.　　In the context of a small change in position, trust companies to enter and increase the position of the new stock eye-catching. With the Fund, Social Security, insurance funds obviously different, trust funds more optimistic about the public utility unit. In the first quarter of the company's new 72 stocks, electronic information (9), Chemical (9), Social services (6), pharmaceutical organisms (6), Transport (5) Five major industries occupy more seats, the five major industries in a sense belong to the "big public utilities."　　Of the 7 stocks that the Trust Company has increased, 3 are still in the chemical industry. Specifically, Mao Hua is the new Trust Company to enter the largest stock, CITIC Trust new arrival in the firm's second largest circulating shareholders, 22.6033 million shares, accounting for 8.87% of the share of the circulation. Trust Company's new holdings also have shares of love, Tianwei conservation, public and so on, and has 13 shareholding in the scale of more than 5 million shares. Entering May, the Trust Company has a special interest in steel vanadium at Pangang, and continues to increase its position. Steel vanadium, Pangang, May 6 The latest disclosure of data revealed that the new 357.8586 million shares in the Sino-Sea Trust, accounting for 11.48% of the share of the shares, Citic Trust new 109.1298 million shares, accounting for the proportion of the circulation of 3.5%, in the credit to the new 80.2464 million shares, accounting for the share of shares Golden Harbor Trust new 61.6818 million shares, accounting for 1.98% of the share.