Core Viewpoint - Guoxin Securities plans to use risk reserves, statutory surplus reserves, and capital reserves to cover a cumulative loss of 6.121 billion yuan, aiming to eliminate negative retained earnings by the end of 2024 [1][2][5]. Financial Summary - As of December 31, 2024, Guoxin Securities reported a negative retained earnings of 6.121 billion yuan, with risk reserves and capital reserves amounting to 707 million yuan each, and capital reserves totaling 9.628 billion yuan [2]. - The company will utilize 707 million yuan from each of the general risk reserve, trading risk reserve, and surplus reserve, along with 3.999 billion yuan from capital reserves, totaling 6.121 billion yuan to offset the cumulative losses [2]. - After the loss compensation, the general risk reserve will be reduced to 170.78 yuan, trading risk reserve to 0 yuan, surplus reserve to 0 yuan, and capital reserve to 5.629 billion yuan, resulting in a retained earnings of 0 yuan [2]. Historical Context - Guoxin Securities, previously known as Huarong Securities, incurred a significant loss of 8.235 billion yuan in 2020 due to risk asset management issues exacerbated by the COVID-19 pandemic and market volatility [5]. - The company's operating revenue in 2020 was 1.186 billion yuan, a decrease of 63.66% year-on-year, leading to a retained earnings of -7.859 billion yuan by the end of that year [5]. - Despite a decline in net profit from 5.01 billion yuan in 2022 to 3.20 billion yuan in 2024, the company has remained profitable in recent years, gradually reducing its negative retained earnings from -7.859 billion yuan in 2020 to -6.121 billion yuan in 2024 [5]. Ownership Changes - In early 2022, China Huarong announced the transfer of 71.99% of Huarong Securities' shares to Guoxin Capital, resulting in Huarong Securities no longer being a subsidiary of China Huarong [6]. - Following regulatory approval, the company changed its name from Huarong Securities to Guoxin Securities in July 2022 [6].
一次性甩掉“历史包袱” 国新证券61亿元填平累计亏损 未分配利润归零
Mei Ri Jing Ji Xin Wen·2025-07-14 09:50