中泰证券: 东吴证券股份有限公司关于中泰证券股份有限公司向特定对象发行股票之上市保荐书

Core Viewpoint - Zhongtai Securities Co., Ltd. is planning to issue A-shares to specific investors, with the aim of raising up to 6 billion RMB to enhance its capital structure and market competitiveness while serving the high-quality development of the real economy [1][22]. Group 1: Company Overview - Zhongtai Securities is a comprehensive securities company approved by the China Securities Regulatory Commission, engaged in wealth management, investment banking, asset management, and other financial services [3][4]. - The company was established on May 15, 2001, with a registered capital of 6,968,625,756 RMB [2]. Group 2: Financial Performance - In 2022, the company reported total operating income of 254,486.22 million RMB, with a net profit of 41,210.16 million RMB [5]. - The company’s total assets as of 2024 were 22,469,325.56 million RMB, with total liabilities of 17,943,470.68 million RMB, resulting in total equity of 4,525,854.89 million RMB [4][5]. Group 3: Business Segments - Wealth management accounted for 41.21% of the operating income in the reporting period, while investment banking contributed 5.79% [4]. - The company has a diversified business model, including investment, futures, credit, and international business, which allows it to meet various client needs [3]. Group 4: Issuance Details - The issuance will involve A-shares with a par value of 1.00 RMB each, targeting up to 35 specific investors, including Zao Mining Group [16][22]. - The final issuance price will be determined based on market conditions and will not be lower than 80% of the average trading price over the 20 trading days prior to the pricing date [18][19]. Group 5: Use of Proceeds - The proceeds from the issuance will be used to enhance the company's capital, optimize its business structure, and improve its risk resistance capabilities [22]. - The company plans to allocate the raised funds to various projects, ensuring that if the actual funds raised are less than planned, adjustments will be made based on project priorities [22].