Changjiang Securities(SZ:000783) Mei Ri Jing Ji Xin Wen·2025-11-12 16:16Core Viewpoint - The announcement from Changjiang Securities indicates that its major shareholder, New Liyi Group, will conduct a stock pledge repurchase transaction involving approximately 411.67 million shares, which represents 7.44% of the total share capital of Changjiang Securities [1][2][4]. Summary by Relevant Sections Stock Pledge Details - New Liyi Group will pledge approximately 289.68 million shares to Minqiong Limited, accounting for 35.18% of its holdings and 5.24% of Changjiang Securities' total shares [1][2]. - Another pledge involves approximately 121.99 million shares to Zhuang Bin Limited, representing 14.81% of its holdings and 2.20% of the total shares of Changjiang Securities [1][2]. - The total pledged shares amount to approximately 411.67 million, which is about 50% of New Liyi Group's holdings in Changjiang Securities [4][5]. Shareholder Information - As of November 10, New Liyi Group holds 823.33 million shares in Changjiang Securities, which is 14.89% of the total share capital [4][5]. - The market value of the pledged shares is approximately 3.68 billion yuan, based on the closing price of 8.93 yuan per share on the announcement date [5]. Historical Context - New Liyi Group became the largest shareholder of Changjiang Securities in April 2015 by acquiring a 14.72% stake for 10 billion yuan [7]. - Following a capital increase in 2015, New Liyi Group's stake was diluted as state-owned shareholders entered the company [7]. - As of March 29, 2024, the largest shareholder position shifted to Changjiang Industrial Group, with New Liyi Group becoming the second-largest shareholder [7]. Financial Performance - For the first three quarters of 2025, Changjiang Securities reported total revenue of 8.49 billion yuan, a year-on-year increase of 76.66%, and a net profit attributable to shareholders of 3.37 billion yuan, up 135.20% [8]. - In the third quarter alone, the company achieved revenue of 378.17 million yuan, reflecting a 94.04% increase year-on-year, and a net profit of 1.64 billion yuan, which is a 152.76% increase [8].