BANK OF CHANGSHA(SH:601577) 券商中国·2025-12-16 13:53Core Viewpoint - Changyin 58 Consumer Finance plans to raise capital up to 1.55 billion yuan to enhance its capital strength and risk resistance, with the registered capital increasing from 1.124 billion yuan to 1.945 billion yuan after the capital increase [1][3]. Group 1: Capital Increase Details - Changsha Bank announced a plan to invest up to 1.55 billion yuan in Changyin 58, with the final amount subject to regulatory approval [1][2]. - The capital increase will be priced at 1.8877 yuan per share, and after the transaction, Changsha Bank's shareholding will rise from 56.66% to 80.82% [2][3]. - The remaining shareholders, including Tongcheng Holdings and Beijing Wanglin, will not participate in this round of capital increase [3]. Group 2: Historical Context and Regulatory Changes - Changyin 58 was established in early 2017 with an initial registered capital of 300 million yuan, with Changsha Bank holding 51% [2]. - The company underwent a capital increase in 2019, raising its capital to 900 million yuan while maintaining the same shareholding structure [2]. - The revised "Consumer Finance Company Management Measures" will raise the minimum registered capital requirement from 300 million yuan to 1 billion yuan, effective March 2024 [2][4]. Group 3: Financial Performance - As of the end of last year, Changyin 58 had total assets of approximately 29.62 billion yuan, with a projected revenue of about 3 billion yuan and a net profit of 34 million yuan, reflecting a year-on-year decline of 7.6% and 95% respectively [3]. - By the end of September this year, the company's asset scale expanded to over 34.6 billion yuan, with a net profit of 21 million yuan for the first three quarters [3]. Group 4: Industry Trends - At least seven other consumer finance companies have completed capital increases this year, indicating a trend towards strengthening capital bases across the industry [4][5]. - The regulatory environment is tightening, with the new measures impacting the operational scope of consumer finance companies and pushing them to enhance their capital strength [5].