这家A股公司总市值124亿元，却要拿138亿元“炒股+理财”，投资者质疑：为什么不回购？

Core Viewpoint - Jiangsu Guotai announced plans to use up to 12 billion yuan for entrusted wealth management and up to 1.83 billion yuan for securities investment, totaling over 13.8 billion yuan, which exceeds the company's market capitalization of 12.4 billion yuan as of August 22 [1][4]. Group 1: Financial Activities - The company plans to use up to 12 billion yuan for entrusted wealth management and up to 1.83 billion yuan for securities investment, totaling over 13.8 billion yuan [1]. - As of August 22, Jiangsu Guotai's stock price was 7.6 yuan per share, with a total market capitalization of 12.4 billion yuan [1]. - The company's previous securities investment plan was approved on August 25, 2023, with a total investment not exceeding 1 billion yuan [3]. Group 2: Market Reactions - Following the announcement, there was significant discussion on Jiangsu Guotai's stock forum, with users questioning the decision to invest in wealth management instead of share buybacks [2]. - Some investors expressed concerns about the company's cash management strategy, suggesting that the wealth management amount is too close to the company's market value [2]. Group 3: Company Performance - Jiangsu Guotai reported a revenue of approximately 18.6 billion yuan for the first half of 2025, a year-on-year increase of 5.48%, and a net profit of approximately 545 million yuan, up 10.85% [4]. - Over the past two years, the company's performance has declined, with revenue dropping from 42.8 billion yuan in 2022 to 38.9 billion yuan in 2024, and net profit decreasing from 1.72 billion yuan in 2022 to 1.11 billion yuan in 2024 [4]. - The company announced the termination of a 15.38 billion yuan lithium battery electrolyte project due to intense market competition and declining product prices [5].