筹划三年后告吹 指南针“喊停”用于增资麦高证券的29亿定增计划

Core Viewpoint - Beijing Compass Technology Development Co., Ltd. has announced the termination of its plan to issue shares to specific investors after three years of planning, which aimed to raise up to 2.905 billion yuan for its wholly-owned subsidiary, Maikao Securities [2][5][6] Group 1: Termination of the Fundraising Plan - The company decided to terminate the share issuance plan after comprehensive consideration of various internal and external factors, including its strategic development goals [6] - The fundraising plan was initially approved in May 2022, with multiple board meetings held to adjust the plan and extend the validity of shareholder resolutions [5][6] - The termination of the fundraising plan is not expected to have a significant adverse impact on the company's normal operations or the interests of shareholders, especially minority shareholders [6] Group 2: Financial Performance of Maikao Securities - Maikao Securities, previously known as Wangxin Securities, experienced continuous losses from 2018 to 2021, with net profits of -2.88 billion yuan, -1.292 billion yuan, -59.798 million yuan, and -508 million yuan respectively [5][7] - However, recent performance indicates a recovery, with Maikao Securities achieving positive revenues in 2023 and 2024, and a net profit of 70.3624 million yuan in the first half of 2025, representing a 614.55% increase year-on-year [7] - In the first three quarters of 2025, Maikao Securities reported a net commission income of 366 million yuan, a 171.07% increase year-on-year, and net interest income of 70.8372 million yuan, a 54.46% increase year-on-year [7] Group 3: Industry Context - The cancellation of the fundraising plan may have limited impact on financially strong companies, while it could affect the long-term development plans of companies with tighter capital chains [8] - Despite the termination of Compass's plan, several other securities firms are actively pursuing their own fundraising initiatives, with recent plans from Zhongtai Securities, Nanjing Securities, Dongwu Securities, and Tianfeng Securities [8]