Northeast Securities business losses 186 million yuan in the first half

Source: Internet
Author: User
Keywords Half
As the first reported semi-annual brokerage, northeast Securities (000686, closing price of 24.40 yuan) to hand over the answer failed to achieve a start. As a share market in the first half of a deep adjustment, the performance of the Northeast securities fell sharply.  January-June, the company realized operating income of 510 million yuan, down 46.29%, attributable to the parent company's shareholders net profit of 110 million yuan, fell 76.83% per share earnings 0.17 yuan, weighted average net assets yield of 3.63%.  It is worth mentioning that, as a result of the first quarter of northeast Securities to achieve a net profit of 201 million yuan, and the first half profit is only 110 million yuan, which means that the company two-quarter loss of 91 million yuan, the failure of securities investment has become a drag on corporate performance. The sharp decline in brokerage profit rate is affected by the price of capital market, the Northeast Securities brokerage, investment bank, the three main business, brokerage and proprietary business are hit hard. January-June, the company realized brokerage business income of 537 million yuan, down 17.55% year-on-year. However, the first half of the company consolidated and enhanced the brokerage business market share, securities brokerage business competitiveness of the overall promotion.  January-June, the company realized a-share turnover of 350.329 billion yuan, the market share from the same period of 0.769% rose to 0.777%. Investment banking and asset management are the highlights of the company's first-half operations. The first half benefited from the acceleration of the IPO pace, the Northeast Securities successfully served as 3 IPO main underwriters, 1 new shares of the main underwriters, to achieve the securities underwriting and sponsorship business income of 71.6623 million yuan, an increase of 1547.4%.  In addition, the company's asset management business has also made a breakthrough, the Northeast Securities 2nd Growth Collection Asset Management plan was successfully established, the first half of the asset management business to achieve business income of 10.6755 million yuan. The huge losses of nine of the top ten equity investments in the loss of proprietary business have left northeastern securities in investment banking and asset management business hard.  In January-June, the company had a pre-tax loss of $186 million trillion, twice times the earnings of investment banking and asset management. As can be seen from the semi-annual report, the two-quarter northeast securities in the selection of investment varieties to pursue the "eggs do not put in the same basket." At the end of June, the company counted the top ten securities investment of the trading financial assets, including 3.19 million shares of the arts (600770, closing price 13.12), 2.94 million shares of Heng Bao (002104, closing price 16.32 yuan), 1.77 million Wu Ye (000858, closing price 27.80 yuan),  3.3 million China Jialing (600877, closing price 9.60 yuan), 1.1 million shares of friends (002277, closing price 22.45 yuan) and so on. However, diversification still does not allow Northeastern securities to escape systemic risk. In the company's top ten securities investments, only the friends of the shares profit, the remaining 9 stocks all the losses. The single biggest loss is Societe Generale (601166, closing 12).18 Yuan, the first half of the company to bring losses as high as 28.54 million yuan.
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