Red Dragonflies Do Not Sell Shoes Well, But Do Securities?

In the background of the "cold winter" of brokers, the red dragonfly, whose industry is the footwear industry, will invest its eyes on the securities industry three years after listing. In the evening of September 18th, the Red Dragonfly announced that the company intends to invest about 383 million yuan to participate in the establishment of Zhongxin securities Limited by Share Ltd (hereinafter referred to as "Zhongxin securities") and enter the securities industry.

Notice shows that Red Dragonfly It is proposed to set up Zhongxin securities with its own funds and investment partners such as Dongying Asia Securities Limited (hereinafter referred to as "Dongying Asia") and Shanghai Dingli yuan investment Limited (hereinafter referred to as "Dingli yuan") to engage in securities brokerage, securities underwriting and sponsorship, financing and securities financing, securities asset management and other securities businesses. It is reported that Zhongxin securities is to be set up in Wenzhou financial comprehensive reform pilot area. Data show that the registered capital of Zhongxin securities is 1 billion 500 million yuan, of which the contribution amount of red dragonfly is 382 million 500 thousand yuan, and the contribution ratio is 25.5%. In addition, the contribution of Dingli yuan and red dragonfly is the same as that of 25.5%, while that of Dongying Asia is the largest, reaching 49%. After the completion of the spanaction, the Red Dragonfly will become a shareholder of Zhongxin securities holding 25.5%.

It is reported that the main business of red dragonfly is mainly based on the Red Dragonfly brand. leather shoes The design, development, production and sale of leather goods and children's articles. Mention the original intention of the spanaction and its impact on the company. Red Dragonfly According to the company's development and investment strategy, combined with the development potential of China's securities market, the company's participation in the establishment of Zhongxin securities will have a positive impact on the development of financial business and the improvement of business performance. At the same time, the Red Dragonfly added that the investment is beneficial to the company to share the dividends from the development of the securities business, and to contribute to the growth of the company's business performance through the long-term holding of Zhongxin Securities equity investment income and capital appreciation.

However, according to the process, the establishment of Zhongxin securities is still required to be approved by the China Securities Regulatory Commission. Red Dragonfly also hints at risk that there is uncertainty in the establishment of Zhongxin securities. At the same time, the Red Dragonfly said that after the establishment of Zhongxin securities, it may be faced with risks in operation management, internal control and market. The business of securities companies is influenced by multiple factors such as macroeconomic policy and economic situation, domestic and foreign financial markets, and the level of capital market development.

According to public information, the Red Dragonfly landed in June 29, 2015. A share market 。 On the eve of listing, the net profit of red dragonfly in 2014 increased by 27.19% over the same period last year. However, in the year of listing, the net profit of Red Dragonfly fell. Financial data show that red dragonfly achieved net profit of about 300 million yuan in 2015, down 8.43% compared with the same period last year. In 2016, the net profit decline trend of red dragonfly was not improved. The net profit attributable to that year fell by 7.03%. In 2017, the net profit of Red Dragonfly realized a substantial increase compared with the same period last year. The net profit of the Red Dragonfly reached about 382 million yuan in that year, up by 36.79% over the same period. However, the newly released 2018 half year report of the Red Dragonfly showed that the company's net profit fell by 8.49% over the same period in the reporting period.

Reporters found that the Red Dragonfly proposed to participate in the establishment of Zhongxin securities investment funds for their own funds. Data show that as of June 30th this year, the Red Dragonfly monetary fund balance of about 565 million yuan.