SINOLINK SECURITIES(SH:600109)2022-03-17 09:08Group 1: Research Meeting Overview - The research meeting was held from March 14 to March 17, 2022, via video conference [2] - Participating institutions included Op Lighting, GF Fund, and Fortune Fund [2] - Company representatives included the CEO, Vice President, Board Secretary, and General Manager of the Finance Department [2] Group 2: Fundraising and Investment Plans - The non-public offering aims to raise up to RMB 6 billion, with net proceeds allocated for increasing capital, supplementing working capital, and repaying debts [2][4] - Specific allocations for the raised funds include: - Up to RMB 2 billion for capital intermediary business - Up to RMB 1.5 billion for securities investment - Up to RMB 0.5 billion for capital increase to wholly-owned subsidiaries - Up to RMB 0.5 billion for information technology and risk compliance - Up to RMB 1.5 billion for working capital and debt repayment [3] Group 3: Management and Strategic Developments - The company appointed a new Chief Information Officer, Wang Hongtao, to enhance information technology capabilities [4] - The company maintains a cautious approach to proprietary trading, focusing on risk management and stable investment strategies [5] - The company’s leverage ratio is low due to a conservative approach to proprietary trading and a focus on maintaining a good Return on Equity (ROE) [6] Group 4: Wealth Management Strategy - The wealth management strategy emphasizes "convergence, collaboration, and efficiency," with investments in team and IT platform development [7] - Since 2018, the company has been transforming its wealth management approach, resulting in a 10% increase in the number of wealth management clients and a 13% increase in client assets year-over-year [9] - Equity product sales surged by 130% compared to the same period last year, with equity product holdings reaching a historical high, up 33% from the previous year-end [9]