涵盖信托、金租、证券和期货牌照，金租和信托是核心。 作者 | 木盒 编辑 | 小白 五矿资本（600390.SH）实际控制人是中国五矿集团有限公司，2023年资产总额就超过1.1万亿，营业收入 也近万亿。 而五矿资本拥有信托、金融租赁、证券、期货牌照，参股公募安信基金、银行绵商行、保险工银安盛 等，可谓牌照齐全。 但为何业绩连续五年连续下滑？2020年-2024年的扣非归母净利润分别为32.1亿、23.5亿、20.7亿、21.9 亿、5.1亿，2025年第一季度净利润继续下滑58.2%。 到底哪里出问题了？ 背靠万亿级央企 五矿资本的控股股东是中国五矿股份有限公司，截止2024年，合计持有五矿资本近50%的股权。 （2024年年报） 实际控制人是中国五矿集团有限公司，是以金属矿产为核心主业的大型央企，2024年《财富》世界500强 排行榜中位列第69位，金属行业仅次于中国宝武钢铁集团（第44位）。 截 止 2024 年 12 月 31 日 ， 旗 下 控 股 多 家 上 市 公 司 ， 包 括 五 矿 资 本 （ 600390.SH ） 、 五 矿 发 展 （600058.SH）、中钨高新（000657.SZ ...

Group 1 - The major shareholder, Shanghai Junyao Group Co., Ltd., has pledged 58 million shares of Aijian Group, accounting for 3.64% of the total share capital [1] - After this pledge, the total pledged shares by Shanghai Junyao Group amount to 359 million shares, which is 74.29% of its total holdings [1] - The cumulative pledged shares of the top ten shareholders of Aijian Group after this transaction are detailed in the accompanying chart [1] Group 2 - Aijian Group's Q1 2025 financial report shows a main revenue of 538 million yuan, a year-on-year decrease of 12.4% [3] - The net profit attributable to the parent company is 92.8 million yuan, down 19.51% year-on-year, while the non-recurring net profit has decreased by 66.99% to 41.3 million yuan [3] - The company's debt ratio stands at 52.17%, with investment income of 28.96 million yuan and financial expenses of 26.85 million yuan, while the gross profit margin is 33.77% [3] - Aijian Group's main business includes trust business, financing leasing, asset management and wealth management, and private equity investment [3]

Group 1 - The core viewpoint of the news is that Aijian Group's stock has seen a significant increase, with a closing price of 4.69 yuan, up 5.16%, and a market capitalization of 7.472 billion yuan [1] - As of March 31, 2025, Aijian Group has 57,552 shareholders, an increase of 628 from the previous period, with an average holding value of 352,800 yuan and an average shareholding of 27,600 shares [1] - Aijian Group's main business includes trust services, financing leasing, asset and wealth management, and private equity investment, with products such as trust services, operating leasing, real estate investment, and private fund models [1] Group 2 - The latest financial results for Q1 2025 show Aijian Group achieved a revenue of 538 million yuan, a year-on-year decrease of 12.40%, and a net profit of 92.801 million yuan, down 19.51%, with a gross profit margin of 33.77% [1] - Aijian Group's price-to-earnings (P/E) ratio (TTM) is -13.50, and its price-to-book (P/B) ratio is 0.63, compared to the industry average P/E of 72.22 and P/B of 1.38 [2] - The total market capitalization of Aijian Group is 7.472 billion yuan, which is lower than the industry median market capitalization of 17.555 billion yuan [2]

Group 1: Company Performance and Financials - In 2024, the company's net profit increased by 18.55%, primarily driven by the insurance business segment [2] - The net profit attributable to shareholders for 2024 was CNY 1.21 billion, with a weighted average return on equity of 5.68% and basic earnings per share of CNY 0.5251 [3] - In Q1 2025, the company achieved a net profit of CNY 392 million [3] Group 2: Business Strategy and Growth - The company focuses on value creation as the core of its market value management strategy while solidifying its main business [2] - Plans to enhance governance structure and improve internal control systems to protect minority shareholders' rights [2] - The company aims to deepen existing business operations and explore new growth areas to achieve high-quality development [3] Group 3: Investor Relations and Communication - The company held an annual performance briefing on April 30, 2024, to improve communication with investors [1] - It emphasizes transparency in information disclosure and actively engages with investors through various channels [2] - The company has implemented a structured approach to manage investor relations and respond to inquiries effectively [2] Group 4: Risk Management and Compliance - The company employs multiple control measures to identify, measure, and report credit risks amid economic uncertainties [2] - It adheres to accounting standards to ensure the reliability of financial data provided to investors [2] - The company is committed to enhancing its risk management framework to prevent systemic risks [3]

Core Viewpoint - The company is undergoing significant transformations in its business operations, particularly in the trust, leasing, securities, and futures industries, while maintaining a focus on sustainable growth and risk management. Group 1: Company Overview - The company plans to distribute cash dividends in the range of 5%-10% of the net profit attributable to shareholders for the first half of 2025, subject to shareholder approval [2] - The company operates as a holding platform, controlling subsidiaries engaged in trust, leasing, securities, and futures businesses [9] Group 2: Industry Analysis Trust Industry - The trust industry is in a deep transformation phase, facing challenges such as new and old momentum conversion and profitability model exploration, but is showing positive changes with a total asset scale of 27 trillion yuan as of June 2024, a year-on-year growth of 24.52% [2] - Trust funds directed towards the securities market account for 41.81% of total investments, indicating a shift towards more diversified and professional service-oriented business models [2] Leasing Industry - The financial leasing industry is steadily developing, with total assets reaching 4.63 trillion yuan as of June 2024, a growth of 10.82% from the end of 2023 [4] - The industry is focusing on enhancing core business competitiveness and expanding coverage for small and micro leasing businesses [4] Securities Industry - The securities industry achieved a revenue of 451.17 billion yuan and a net profit of 167.26 billion yuan in 2024, reflecting year-on-year increases of 11.15% and 21.35% respectively [5] - The total assets of the securities industry reached 12.93 trillion yuan, with net assets of 3.13 trillion yuan, marking increases of 9.30% and 6.10% year-on-year [5] Futures Industry - The futures market is experiencing a significant increase in trading volume and value, with a total trading volume of approximately 7.729 billion contracts and a trading value of about 619.26 trillion yuan, a year-on-year increase of 8.93% [7][8] - The regulatory environment remains stringent, with ongoing efforts to ensure market stability and high-quality development [8]