第一创业(002797) - 2019年6月20日投资者关系活动记录表

Group 1: Company Overview and Financial Status - The company has maintained a stable asset management scale in 2019, ranking 15th among securities firms with a total asset management scale of 202.643 billion RMB as of May 31, 2019, showing a slight increase compared to 2018 [1] - The company has not experienced any asset management product defaults during the recent credit tightening events [1] - The company aims to become a leading bond trading service provider in China, focusing on fixed income products as a key revenue source [3] Group 2: Fundraising and Capital Utilization - The company plans to raise up to 6 billion RMB through a private placement, with funds allocated as follows: 2.5 billion RMB for expanding investment and trading business, 2 billion RMB for expanding credit business, 1 billion RMB for debt repayment, 400 million RMB for subsidiary investments, and 100 million RMB for other operational needs [2] - The strategic focus of the fundraising is to enhance the company's capital structure and improve its profitability and risk resistance capabilities [2] Group 3: Market Position and Competitive Advantage - The company has established a strong market presence in the bond underwriting sector, consistently ranking among the top five in the interbank market for over ten years [3] - The company has a diverse client base, including banks, fund companies, insurance companies, and large enterprises, contributing to its high market recognition and credibility [3] - The company is committed to a dual-driven strategy in asset management, focusing on comprehensive services and active investment to achieve long-term stable returns for clients [3] Group 4: Shareholder Dynamics and Future Outlook - The fourth largest shareholder, Hangmin Group, holding 7.06% of shares, plans to reduce its stake by up to 2% within six months due to business restructuring [4] - The company has not received any reduction plans from other major shareholders, indicating stability in its shareholder structure [4] - The company is adapting to the increasing concentration in the securities industry by focusing on a differentiated strategic direction and enhancing its core asset management capabilities [4]