Lei Jianping on June 30
The IPO of Huabao Securities Co., Ltd. (hereinafter referred to as "Huabao Securities") was terminated recently.
Huabao Securities has planned to raise 2 billion yuan, and the funds raised from this issuance will be used to increase the company's capital, supplement the company's working capital, and support the company's business development after deducting the issuance costs.
Annual revenue of 1 billion
Huabao Securities is a securities company under China Baowu, and the company's main businesses include: securities brokerage; securities investment consulting; proprietary securities; securities asset management; margin trading; distribution of financial products; securities underwriting and sponsorship; financial advisory services related to securities trading and securities investment activities; securities investment fund sales services; Securities companies provide intermediary introduction services for futures companies.
Huabao Securities has 25 branches across the country, including 1 branch in Beijing, Hunan and Shandong, and 22 business offices in Shanghai, Beijing, Chongqing, Zhejiang, Guangdong, Jiangsu, Fujian, Sichuan, Hunan, Hubei and Anhui.
According to the prospectus, Huabao Securities' revenue in 2019, 2020, and 2021 will be 687 million yuan, 775 million yuan, and 1.039 billion yuan respectively; net profit was 96.16 million yuan, 116 million yuan and 160 million yuan respectively; The net profit after deducting non-profits was 89.6 million yuan, 116 million yuan and 152 million yuan respectively.
Huabao Securities' revenue in the first half of 2022 was 475 million yuan, with a net profit of 68.829 million yuan, and a net profit of 68.848 million yuan after deducting non-profits.
China Baowu controls 99% of the shares
As of the date of this prospectus, Huabao Investment held 332,2710,566 shares of the Company, accounting for 83.0678% of the total shares of the Company, and was the controlling shareholder of the Company.
Huabao Investment, formerly known as Shanghai Wugang Pudong International Trade Co., Ltd., is a wholly-owned subsidiary of Shanghai Wugang (Group) Co., Ltd. (now renamed as "Baosteel Group Shanghai Wugang Co., Ltd.") on November 21, 1994.
China Baowu holds 100% of the shares of Huabao Investment, 92.90% of the shares of Huabao Trust, and indirectly holds 98.7985% of the shares of the company through Huabao Investment and Huabao Trust, and is the indirect controlling shareholder of the company.
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