Beijing (SZ:300803) Zhong Guo Ji Jin Bao·2025-12-04 11:52Core Viewpoint - The company, Guiding Compass, announced a capital increase of 100 million yuan to its wholly-owned subsidiary, Mai Gao Securities, following the failure of a previous 2.9 billion yuan fundraising plan [2][5]. Group 1: Capital Increase - Guiding Compass plans to increase the registered capital of Mai Gao Securities from 1.4 billion yuan to 1.5 billion yuan [5]. - The capital increase aims to better meet the funding needs for the business development of Mai Gao Securities, contributing to stable business progress and aligning with the company's long-term planning and core interests [5]. Group 2: Financial Impact - The funding for the capital increase will come from the company's own funds and is not expected to significantly impact the current financial status or operating results of Guiding Compass [5]. - The company also announced a plan to use up to 300 million yuan of idle funds to purchase bonds, aiming to improve capital efficiency and increase shareholder returns [5]. Group 3: Background of Mai Gao Securities - Mai Gao Securities, formerly known as Wangxin Securities, was acquired by Guiding Compass in 2022 after undergoing bankruptcy reorganization [5]. - The company had previously proposed a fundraising plan to raise up to 2.9 billion yuan, which was ultimately terminated on October 31 due to various internal and external factors [5]. Group 4: Recent Performance - Mai Gao Securities has begun to recover from previous years of losses, reporting a revenue of 324 million yuan and a net profit of 70.36 million yuan in the first half of 2025 [6]. - For the first three quarters of 2025, the company achieved a net income from fees and commissions of 366 million yuan, a year-on-year increase of 171.07%, and net interest income of 70.84 million yuan, up 54.46% [6].