三菱電機、「温室効果ガス・水循環観測技術衛星(GOSAT-GW)」の本格的な開発に着手

TOKYO, Mar 30, 2020 - (JCN Newswire) - 三菱電機株式会社は、「温室効果ガス・水循環観測技術衛星(以下、GOSAT-GW※1)」の開発担当メーカーとして国立研究開発法人 宇宙航空研究開発機構(以下、JAXA)から選定され、本格的な開発に着手しましたのでお知らせします。本衛星は、温室効果ガス観測ミッション※2(環境省と国立研究開発法人 国立環境研究所が担当)と水循環変動観測ミッション(JAXAが担当)を担います。

当社はGOSAT-GWの開発を通じて、温室効果ガスや水循環変動の観測により、地球温暖化・気候変動に関する防災対策や気候変動予測の精緻化といった科学の発展に貢献します。

GOSAT-GWの特長

1. 広範囲・高精度の観測により、温室効果ガス排出量の推定精度向上に貢献
- 新開発の「温室効果ガス観測センサ3型(以下、TANSO-3※3)」を搭載し、地球上の温室効果ガス(二酸化炭素、メタン)を広範囲・高精度に観測することで温室効果ガス排出量の推定精度向上に貢献
「広域観測モード」:地球全体を切れ目なく面的に観測できるため、従来※4スポット的に観測していた方式と比較して観測可能な地点数が増加
「精密観測モード」:空間分解能※5が従来比※4約3倍に向上し、各地域の温室効果ガス濃度分布をより詳細に観測

2. 地球上の水の物理量の高精度観測により、水循環変動監視や気象観測の精度を向上
- 新開発の「高性能マイクロ波放射計3(以下、AMSR3※6)」を搭載し、高精度に地表・海面や大気中の水の物理量を推定
- 従来※7よりも観測が可能な周波数帯を増やすことでより正確な水の物理量推定が可能となり、降水量や水蒸気量、海氷観測、海面水温などの観測精度が向上
- 高精度な観測データにより、世界各国の気象機関における台風や集中豪雨などの予測精度向上に貢献するとともに、気候変動に伴う水循環変動把握により、社会生活への影響予測や対策立案に貢献

本リリースの詳細は下記をご参照ください。
https://www.mitsubishielectric.co.jp/news/2020/0330.html

概要:三菱電機株式会社

詳細は http://www.mitsubishielectric.co.jp をご覧ください。



Copyright 2020 JCN Newswire. All rights reserved. www.jcnnewswire.com Via JCN Newswire https://ift.tt/2pbRN02

広汽本田汽車有限公司による、本田汽車(中国)有限公司の吸収合併について

TOKYO, Mar 30, 2020 - (JCN Newswire) - Hondaの中国における四輪生産販売合弁会社である広汽本田汽車有限公司(本社:広東省広州市、総経理:佐藤利彦)は、現地時間2020年3月29日に以下を発表しましたので、その内容をご案内いたします。

Hondaの中国合弁会社である広汽本田汽車有限公司(以下、広汽Honda)は、2020年4月1日付けで、その100%出資子会社である本田汽車(中国)有限公司<以下、本田汽車(中国)>を吸収合併します。これに伴い、本田汽車(中国)は、広汽Hondaの「広州開発区工場」に名称変更されます。

本田汽車(中国)は、中国初の四輪完成車生産輸出工場として2003年に設立されました。よりフレキシブルで高効率な生産稼働体制への進化、並びに事業体質の向上を目指し、2018年の広汽Hondaによる完全子会社化を経て、今回、同社により吸収合併されます。これに伴い名称変更される、広汽Honda「広州開発区工場」では、メキシコ向け「CITY(シティ)」の生産輸出を継続しつつ、新たに4月より中国国内向けの「ACCORD(アコード)」の生産を開始します。

広汽Hondaの生産能力は、今回、新たに加わる「広州開発区工場」の5万台を合わせて、77万台/年となります。広汽Hondaは、より高効率で柔軟性のある生産体制へと進化することで、お客様に価値ある商品をタイムリーにお届けし、移動の喜びの拡大を図ってまいります。

本リリースの詳細は下記をご参照ください。
https://www.honda.co.jp/news/2020/c200329.html

概要:本田技研工業株式会社

詳細は www.honda.co.jp をご覧ください。



Copyright 2020 JCN Newswire. All rights reserved. www.jcnnewswire.com Via JCN Newswire https://ift.tt/2pbRN02

GF Securities Announced 2019 Annual Results

HONG KONG, Mar 30, 2020 - (ACN Newswire) - GF Securities Co., Ltd. ("GF Securities" or the "Company", together with its subsidiaries, the "Group"; HKSE: 1776; SZSE: 000776), one of the most influential securities companies in China, announced its annual results for the twelve months ended 31 December 2019 (the "Reporting Period"). In 2019, GF Securities continued to maintain favorable development momentum with overall good operating performance, and achieved a significant increase in key financial indicators, such as revenue and net profit. During the Reporting Period, the Group's total revenue and other income recorded RMB30,077 million, representing a year-on-year increase of 31.82%. The net profit attributable to owners of the Company rose by 75.32% year-on-year to RMB7,539 million.

Mr. Sun Shuming, the Chairman of GF Securities Co., Ltd., said: "Facing the complicated internal and external environments in 2019, GF Securities' management has cultivated with all staff in a cohesive way and the Company's respective key operational indicators continued to stand at the top of the industry. The year 2020 is a decisive year for building China into a moderately prosperous society, the last year of China's 13th Five-year Plan, and a critical year for poverty alleviation. Facing the sudden outbreak of novel coronavirus disease at the beginning of the year, the Company responded quickly with assistances including from capital and resources to financial services, proactively fulfilling our social responsibilities as a corporate citizen."

Speeding up the transformation of the investment banks customer structure and ranking 4th in the industry by the number of acting as a lead underwriter in equity financing projects
In 2019, GF Securities continued to speed up the strategic transformation of the customer structure and continually expanded and reserved large customers with high quality. Actively responding to the national strategic deployment and regulatory requirements, the Company focused on the projects in the STAR Market and endeavored to develop, cultivate and recommend the listing of projects in the STAR Market. And the Company continuously improved the internal control system of investment banks by strictly controlling project risks and insisting on stable and balanced development.

During the Reporting Period, the Company completed 34 equity financing projects, for which it acted as a lead underwriter, ranking 4th in the industry. The equity financing lead underwritten amount was RMB26.614 billion, ranking 8th in the industry. Among these projects, the Company acted as a lead underwriter for 16 IPOs, ranking 4th in the industry and the lead underwritten amount was RMB8.96 billion, ranking 5th in the industry. For the debt financing business, the Company acted as the lead underwriter for 166 bonds, with a total underwritten amount of RMB135.929 billion, representing a year-on-year increase of 41.13%. As of the end of 2019, the Company sponsored a total of 64 companies listed on the NEEQ as the lead brokerage, of which there were 12 innovative enterprises.

Leading scientific and technological financial model in the industry to boost the transformation of wealth management business
In 2019, leveraging on financial technology, the Company made good progress in promoting the transformation of its business model to digitalization and intelligence and the transformation of its business lines from brokerage to wealth management, expanding institutional brokerage business and comprehensive business and other aspects.

In 2019, the Company endeavored to build a quick trading system for the brokerage business by constructing a full chain quick passage from day trading to day-end clearing, built Touyitong trading platform as a trading service port for professional investors to provide them with algorithm transaction support and smart information warning for their positions, continuously improved the self-developed blockchain based ABS credible cloud system for monitoring the status of underlying assets in the CMBS commercial property special plan, implemented the strategic idea of data center and intelligent center and made continuous effort to optimize the big data and artificial intelligence open platform (GF-SMART), developed the technical application of intelligent warning, intelligent recommendation, intelligent calling and knowledge map, established real-time, penetrating and continuous risk tracking and measurement to provide an integrated compliance and risk control capability coverage for the entire group and business, constantly pushed on the cloud evolution of the Company's own infrastructure, integrated the idea of micro-service and DevOps at the platform level and laid a solid foundation for our business development. As of the end of 2019, the Company has in aggregate applied for 29 invention patents, 3 utility model patents and 12 software copyrights; among them, the Company has obtained 1 utility model patent and 12 software copyrights.

Benefiting from the continuously implement of financial technology strategy, the Company's trading volume of stocks and funds increased by 33.37% year-on-year to RMB11.07 trillion (bilateral statistics) in 2019. As of the end of 2019, the number of the Company's mobile-phone securities users exceeded 27.20 million, representing an increase of approximately 23% as compared to the end of last year; the number of subscribers of the Company's WeChat account was over 3.00 million; during the Report Period, the sales and transfer amount of financial products of the Yitaojin E-commerce platform amounted to RMB366.2 billion (including GF Golden Cash Return Collective Asset Management Scheme); the Betanew smart investment advisory system served over 800,000 customers accumulatively with the sale amount of financial products of RMB22.8 billion.

Outstanding performance in trading and institution business while investment research capability maintaining excellent
In respect of trading and institution business, in 2019, the Company obtained the 2019 AA (highest) rating in terms of the SSE's 50ETF market maker business, and ranked No.9 among securities firms in terms of the trading volume of bonds in China. As of the end of 2019, the Company provided market-making services for 102 NEEQ enterprises and was recognized as "Excellent Market Marker of the Year" and "Excellent Market Maker of the Year in Market-Making Size" by NEEQ. In respect of asset custody business, total asset scale of asset custody and fund service business provided by the Company as at the end of 2019 was RMB217.365 billion, representing an increase of 16.44% as compared to the end of 2018, of which the scale of trust products was RMB95.146 billion, and the scale of fund service products provided was RMB122.219 billion. The Company has issued 15,080 OTC products in aggregate with an aggregate amount of approximately RMB727.948 billion as at the end of 2019, with a market value of approximately RMB51.031 billion. Specifically, the Company issued 4,744 new OTC products with an aggregate amount of RMB103.948 billion during 2019.

Its wholly-owned subsidiary GF Qianhe actively carried out alternative investment business with its own funds. During the Reporting Period, GF Qianhe completed 19 new equity investment projects with a total investment of RMB0.806 billion. As of the end of 2019, GF Qianhe has completed 117 equity investment projects.

GF Securities' investment research capability maintained its leading position and granted several major titles, including 1st in the "New Fortune's Domestic Best Research Teams" again, "Top 5 Golden Bull Research Team" awarded by "China Securities Industry Analyst Golden Bull Award" for the sixth consecutive year and 2nd in the "Best Analyst Team" by "Institutional Investors Caixin Capital Market Analyst Achievement Award" in 2019 for the first time. GF Securities' equity research covers nearly 700 A shares listed company in the PRC in 28 industries and nearly 110 companies listed on the Hong Kong Stock Exchange. Currently, the Company is actively promoting the internationalization of research brands so far as permitted by and in compliance with laws and regulations.

Leveraging on the financial group edges to improve investment management capability
Leveraging on the financial group structure edges, GF Securities has been continuously strengthening investment management capability through its subsidiaries in 2019. As of the end of 2019, its wholly-owned subsidiary GF Asset Management had a net asset management scale of RMB297.214 billion and successfully issued two products transferred from large collectives to public offerings; its wholly-owned subsidiary GF Xinde set up and managed nearly 40 private funds and the total size of customers' asset under management was near to RMB10 billion. GF Xinde and the funds under its management completed approximately 250 equity investment projects covering industries such as biomedicine, intelligent manufacturing and corporate service.

The Group's controlled subsidiary, GF Fund, and associate company, E Fund maintained its leading position in the industry. As at the end of 2019, the publicly offered funds managed by GF Fund have reached RMB502.56 billion, representing an increase of 7.28% as compared to the end of 2018, and the total fund size excluding money market funds and short-term wealth management bond funds was RMB278.46 billion, ranking 7th in the industry; the publicly offered funds managed by E Fund have reached RMB730.870 billion, representing an increase of 11.75% as compared to the end of 2018, and the total fund size excluding money market funds and short-term wealth management bond funds was RMB405.086 billion, ranking 1st in the industry.

Looking ahead to 2020, GF Securities will further uphold the philosophy of a robust operation, strengthen internal control management and continue to deepen the promotion of transformation of investment banking, wealth management, trading and institutions, investment management businesses, as well as prudently implement the overall requirements of "leading the healthy development of the industry with cultural construction" by the regulatory authorities, further increase cultural soft power of the Company, and take on more important historical mission.

About GF Securities Co. Ltd
Established in 1991, GF Securities Co., Ltd. is one of the first, full-service investment banks in China. The Company was successfully listed on the main boards of the Shenzhen stock Exchange (Stock code: 000776.SZ), and the Hong Kong Stock Exchange (Stock code: 1776.HK), in 2010 and 2015, respectively. Relying on excellent business performance, risk management and quality services, the company achieves sustained and steady development, and is one of the most influential securities companies in China. The Company possesses industry-leading innovation capabilities and has built a diversified business portfolio serving various corporations, individuals, institutional investors, financial institutions and governments. As of December 31, 2019, the Company operates 283 brokerage branches, providing extensive national coverage to 31 provinces, cities, and autonomous regions throughout China. For five consecutive years in 2015 and 2019, GF Securities ranked in the forefront of "Hurun's Top Brands List" amongst listed Chinese securities companies. The Company is actively committed to social responsibility and caring, focusing on education and poverty through "GF Securities Social Charity Foundation", and as a result has enjoyed a continuously growing reputation and an influential brand.


Copyright 2020 ACN Newswire. All rights reserved. www.acnnewswire.com

source http://www.acnnewswire.com/press-release/english/58167/

Chengdu Expressway Announces 2019 Annual Results

HONG KONG, Mar 30, 2020 - (ACN Newswire) - Chengdu Expressway Co., Ltd. ("Chengdu Expressway" or the "Company", together with its subsidiaries, the "Group", stock code: 1785), a leading expressway operator in Sichuan Province, announced its audited annual results for the year ended 31 December 2019("the Reporting Period").

During the Reporting Period, the Group achieved toll income of RMB1,255,926,000, up by 27.4%, the Group achieved profit for the year of RMB471,102,000, representing a year-on-year increase of 5.6%, total comprehensive income for the year attributable to owners of the Company of RMB438,791,000, representing a year-on-year increase of 5.6% and basic earnings per share of approximately RMB0.268. The Company was committed to enhancing its corporate value and giving a due consideration to both the development of the Company and the interests of investors to implement the dividend distribution policy. The board of directors of the Company proposed to distribute a final cash dividend for 2019 of RMB0.12 per Share (tax inclusive) and RMB198,732,240 in total.

Principal Business Trending Stable and Upward
During the Reporting Period, Chengguan Expressway, Chengpeng Expressway, Chengwenqiong Expressway and Chengdu Airport Expressway recorded daily weighted- average traffic volume of 40,564, 51,342, 57,768 and 44,396, representing a year-on-year change of -4.6%, 81.3%, 8.2% and 1.5% from 2018, respectively; and toll income of RMB307,940,000, RMB238,312,000, RMB433,933,000 and RMB142,570,000. In particular, Chengguan Expressway, Chengpeng Expressway, Chengwenqiong Expressway and Chengdu Airport Expressway registered a year-on-year change of -6.8%,110.6%,9.0% and -1.1% in toll income, respectively.

The traffic volume and toll income of Chengpeng Expressway maintained relatively substantial increase with remarkable results achieved, primarily due to the reason that it benefited from the expansion and renovation and the full restoration of traffic flows since 12 July 2018. Benefiting from the completion of Riyue Avenue, which connects downtown Chengdu to the entrance of Chengwenqiong Expressway, Chengwenqiong Expressway attracted more vehicles and therefore witnessed an increase in toll volume and toll income. Chengdu Airport Expressway recorded a slight decrease in revenue due to more ETC discounts afforded as compared to 2018. Chengguan Expressway recorded a decrease in toll volume and toll income from 2018, primarily due to traffic diversion as a result of operation of Yongning and Shuyuan toll gates on Chengdu Ring Expressway and the reopening of Chengpeng Expressway since 12 July 2018. In addition, the debris flow disaster in Wenchuan County, Aba Prefecture, Sichuan Province on 20 August 2019 and the environmental rectification with special treatment conducted in Aba Prefecture, Sichuan Province during the Reporting Period exerted negative impact on the traffic volume of Chengguan Expressway to a certain extent.

Qiongming Expressway was acquired by the Group from Chengdu Expressway Construction in 2019, which constituted business combination under common control. Chengdu Expressway Construction completed acquisition of equity interests in Chengming Expressway Company on 7 May 2019 and therefore, the results of Qiongming Expressway from May to December 2019 were consolidated into the financial statements of the Group for the year. From May to December 2019, toll income of Qiongming Expressway reached RMB133,171,000 and if calculated based on the whole year of 2019, Qiongming Expressway realised daily weighted-average traffic volume of 13,718, representing an increase of 10.3% from the corresponding period of 2018 and toll income of RMB189,953,000 (2018: RMB169,478,000), representing an increase of RMB20,475,000, or 12.1% from 2018. The increase in toll income of Qiongming Expressway was attributable to the fact that it had grown into the mature period to generate profitability.

Proactively Implementing Policies to Facilitate Traffic Flow
During the Reporting Period, responding to the national policies, the Group actively implemented ETC software and hardware technical transformation to facilitate traffic flow. In line with the "Notice on Issuing the Implementation Plan for Deepening the Reform of Toll Road System and Cancelling the Provincial Toll Stations of Expressways issued by the General Office of the State Council, the Group implemented the standardised construction and renovation of hardware and software for the ETC portal system of three of our expressways, being Chengguan Expressway, Chengpeng Expressway and Chengwenqiong Expressway (Chengdu Airport Expressway does not need hardware renovation for the ETC portal system and only requires upgrading of toll collection software to meet the standards). As of December 2019, construction for 46 ETC portal systems was completed. In addition, cooperating with banks and WeChat operators, the Group developed the "Sichuan Expressway Connect" mini program, which was officially launched in June 2019 to provide online ETC services 24 hours a day. The Group also proactively improved traffic convenience and work efficiency through setting up unattended card issuing machines and mobile code scanning payments on its own expressways.

Expanding Principal Business through Acquisition of Equity Interests in Chengming Expressway Company
During the Reporting Period, the Company entered into the equity transfer agreement with Chengdu Expressway Construction on 28 October 2019 to acquire the 51% equity interests in Chengming Expressway Company and the relevant change in industrial and commercial registration was completed on 20 December 2019. The acquisition scaled up the assets of the Group and expanded the market share of principal business in Sichuan Province, which will facilitate the strengthening of the core advantages of the Company in the investment and management of toll highways and roads. Upon completion of the acquisition, the total mileage of the expressways operated by the Company has been extended to approximately 202.37 kilometres from approximately 149.69 kilometres.

Outlook in 2020
The sixth meeting of the Central Financial and Economic Affairs Commission was held on 3 January 2020, which focused on the Chengdu-Chongqing economic circle and put forward the initiative "to promote the construction of a two-city economic circle in Chengdu- Chongqing region and forge an important growth driver for high-quality development in the west". The Company expects that the favorable macro policies will provide strong support for the sustainable development of Chengdu and its surrounding areas, and will also affect transportation, warehousing, logistics, tourism and other industries, thus bringing development opportunities to the Group.

Xiao Jun, the Chairman of Chengdu Expressway Co., Ltd., said: "In 2020, the Company will continue to strengthen the investment, construction, management and maintenance of expressways to consolidate its core competitiveness. First, the Company plans to set up specialized operating companies to implement unified management and maintenance of its own expressways and reduce operation and management costs. Second, the Company proposes to make effective use of investment attraction policies in the areas along the expressways, and to invest in the construction of a theme service area near Ande Toll Station of Chengguan Expressway according to the "Expressway +" industrial concept, so as to foster new profit and growth potential while improving the traffic experience and service level of Chengguan Expressway."

About Chengdu Expressway Co., Ltd.
Chengdu Expressway Co., Ltd. (hereinafter referred to as the "Company") is mainly engaged in the operation, management and development concerning expressways. The six expressways under its current operation and investment include Chengguan Expressway, Chengwenqiong Expressway, Chengpeng Expressway, Chengdu Airport Expressway, Qiongming Expressway and Chengbei Exit Expressway, with a total length of 202.37 kilometers. They are all situated at strategic locations around Chengdu and connect areas with rich economic, cultural and tourism resources. They are indispensable parts of the expressway network surrounding Chengdu, the capital of Sichuan Province. For further details regarding Chengdu Expressway Co., Ltd., please visit its website at https://www.chengdugs.com/ .


Copyright 2020 ACN Newswire. All rights reserved. www.acnnewswire.com

source http://www.acnnewswire.com/press-release/english/58163/

IVD Medical's Revenue Surged 464.0% While Profit Significantly Increased 156.1% In 2019

HONG KONG, Mar 30, 2020 - (ACN Newswire) - IVD Medical Holding Limited ("IVD Medical" or the "Group"), a leading distributor of In Vitro Diagnostic ("IVD") products in the PRC, has announced its annual results for the year ended 31 December 2019 ("Period"). During the Period, the Group kept its rapid growth trend and recorded revenue of RMB 2,332,740,000, representing a significant increase of 464.0% as compared with the last year. Profit for the Period significantly increased by 156.1% to RMB 254,819,000. Profit attributable to owners of the parent also surged 165.9% to RMB 275,001,000. Such significant increase was primarily due to the consolidation of the financial results of Vastec Medical Limited ("Vastec") together with its subsidiaries following completion of the acquisition of Vastec. The Group has been able to steadily increase its market share and profits by taking advantage of its competitive and diverse product portfolio, extensive distribution network and hospital coverage.

Mr. Ho Kuk Sing, Chairman of IVD Medical, said "The year 2019 is important in the Group's development history. The Group successfully listed on the Main Board of HKEX to be the first IVD Company listed on HKEX. It not only marked an important milestone in the development of the Group's business, but also enhanced the brand recognition of "IVD Medical" and laid a solid foundation for the Group's future development. At the same time, we also achieved outstanding performance during this year. The Group acquired the remaining 60% equity interest in Vastec in January 2019. After completing the acquisition of Vastec, we will be able to further integrate our distribution value chain, which will help drive the Group's future development."

In view of the satisfactory operating results in 2019, the Board recommends a final dividend of HK$ 5.366 cent per share for the year ended 31 December 2019.

Business Review

The Group is a leading distributor of IVD products in the PRC. In 2018, Vastec was the fourth largest Tier-1 IVD distributor in the PRC, and the Original Group was the third largest distributor in the Shanghai IVD market. The Group also engages in the research, development, manufacturing and sale of its self-branded IVD products under the brand name "IVD".

Distribution business
The distribution of IVD products forms the cornerstone of the Group's business. It primarily is involved in the trading of IVD analysers, reagents and other consumables to customers such as distributors, hospitals and healthcare institutions, and logistics providers.

The Group acquired the remaining 60% equity interest in Vastec in January 2019. Vastec was an associated company of the Original Group before the Acquisition, and was under the same core management team including the founders of the Group. After Vastec became the Group's wholly-owned subsidiary, revenue from the distribution of IVD products through Vastec was consolidated into the Group. Vastec is the sole national distributor of Sysmex' haemostasis products with exclusive distribution rights in the PRC since 1997. It also procures a diverse portfolio of IVD products from other leading international brands and distributes them in the PRC. On 1 April 2019, Vastec and Sysmex entered into a new distribution agreement which extended the term until 2022. This newly signed agreement will further stabilize relations between Vastec and Sysmex. During the Period, there were approximately 7,186 Sysmex haemostasis analysers (2018: 6,359 unit) installed by the Group at hospitals and healthcare institutions accumulatively. The existing and rising installation will create continuous demand for reagents, thus generating stable recurring income for the Group.

At the same time, Vastec began to provide 4 Thrombotic Markers to the market. These new products are manufactured by Sysmex with high sensitive chemiluminesence technology, which may help the early diagnose of thrombosis and fibrinolysis, and they are aimed at further expanding the Group's product portfolio. During the Period, there were approximately 64 Sysmex analysers installed by the Group at the hospitals and healthcare institutions, and the use of 4 Thrombotic Markers has commenced.

In addition, the Group provides solution services to the clinical laboratories of hospitals through Dacheng Medical Equipments (Shanghai) Co., Ltd. ("Dacheng"), a wholly-owned subsidiary of the Group. This has enabled the Group to establish and maintain direct relations with local medical practitioners so as to keep the Group close to the frontlines of the medical practice and the market demand for IVD products. During the Period, Dacheng actively expanded its business and provided solution services to three new hospitals in the PRC (located in Shanghai and Shandong) and has successfully recognized revenue. Solution services contributed revenue of RMB 132,798,000 for the year ended 31 December 2019 (2018: RMB 108,705,000), representing an increase of 22.2% compared to the last year.

Through years of operations, the Group has established an expansive distribution network across 29 provinces, municipalities and autonomous regions in the PRC with an extensive hospital coverage. As of 31 December 2019, the Group had 265 direct customers, including hospitals and healthcare institutions, and 903 distributors in its established distribution network. As of 31 December 2019, the Group also covered 1,315 Class III hospitals mainly through its sub-distribution networks in the PRC, which further enhanced the competitiveness of the Group.

Maintenance services
Apart from distributing IVD products in the PRC, the Group also derives revenue by providing maintenance services to end customers of Sysmex' haemostasis analysers in the PRC. In 2017, Vastec entered into a maintenance services agreement with Sysmex to provide maintenance services for the haemostasis analysers of its end customers. The maintenance services provided by Vastec generally include maintenance and repair services, installation services and end customer training. Vastec primarily provides its maintenance services to hospitals and healthcare institutions. During the reporting period, the maintenance services business was able to sustain steady development.

Self-branded products business
During the years ended 31 December 2017 and 2018, the factory of the Group undertook the re-setting, adjustment and calibration of self-branded IVD analysers of the Group, for adapting the self-branded IVD analysers of the Group that are originally designed for use in the outpatient department to now operate in the emergency department of hospitals. The factory reset for the upgrade of self-branded IVD analysers of the Group can improve users' satisfaction and will have positive effects on the self-branded business of the Group in the long run. The manufacturing and sale of such IVD analysers re-commenced in 2019.

Outlook
In the future, the Group will consolidate its leading position in the IVD industry in the PRC and adopt active development strategies. To realize this goal, the Group aims to continuously expand its product portfolio by diversifying product categories, increasing brand coverage and further expand the breadth of distribution network and hospital coverage. In this way, the Group will be able to capitalize on the high growth potential of the IVD market.

Concurrently, the Group will continue to develop its distribution business by enhancing its capacity to provide solution services. By being the general supplier of their clinical laboratory department, the Group is involved laboratory layout design, provides centralized procurement of IVD products, conducts real-time inventory monitoring and delivers other after-sale services to clinical laboratories. It also plans to provide solution services for two new hospitals in 2020. Moreover, the Group will continue participating in national and local IVD symposiums, as well as academic conferences to raise brand awareness.

In addition, the Group believes that strong research and development capabilities are critical for securing its future development and sustainable growth. It will therefore invest more resources in improving its research and development capabilities, including acquiring equipment and instruments, and hiring experts from relevant fields. The Group will also engage in research projects to further develop self-branded IVD products that hold promising market potential. The Group is keen as well to further strengthen product quality management, and optimize the performance and applicability of its self-developed products to enhance the Group's competitiveness in the market.

Mr. Leung King Sun, COO of the Group, added, "There will be a significant growth potential for the healthcare and medical device market, especially the IVD market in PRC with the aggravating trend of ageing population, the growth of medical expenses per capita and the progress of technology development. Looking ahead, we will continue to diversify our product mix, distribution network and hospital coverage so as to enhance our capacity to provide solution services to hospitals and further improve our product research and development capabilities. We will also seize opportunities that allow us to realize sustainable business growth and boost shareholder value."

About IVD Medical Holding Limited
IVD Medical Holding Limited ("IVD Medical" or the "Group") is a leading distributor of IVD products in the PRC. Its key subsidiaries include Vastec Medical Limited, Dacheng Medical Equipments (Shanghai) Co., Ltd., IVD China Limited and Suzhou DiagVita Biotechnology Co., Ltd. The Group's distribution network covers 29 provinces, municipalities and autonomous regions across the PRC. It is the sole national distributor of Sysmex' haemostasis products in the PRC and provides maintenance services to its end customers. It also engages in the R&D, manufacturing and sales of self-branded IVD analysers and reagents and provides solution services to clinical laboratories of hospitals for centralised procurement.



Copyright 2020 ACN Newswire. All rights reserved. www.acnnewswire.com

source http://www.acnnewswire.com/press-release/english/58159/

Analogue Achieves Record High Value of Outstanding Contracts in Hand Amounted to HK$9.4 Billion

HONG KONG, Mar 29, 2020 - (ACN Newswire) - Analogue Holdings Limited ("Analogue" or the "Company", together with its subsidiaries collectively the "Group") (stock code: 1977), a leading electrical and mechanical ("E&M") engineering service provider in Hong Kong with operations in Macau and mainland China, today announced its first annual results (unaudited) for the year ended 31 December 2019 ("the Year") since its listing on the Main Board of The Stock Exchange of Hong Kong Limited ("HKEX") on 12 July 2019.

Highlights
- Total revenue and profit attributable to equity holders reach HK$4,481.9 million and HK$242.6 million respectively
- Satisfactory order intake in FY2019 valued at HK$6.5 billion, up 13.3% YOY
- A record high value of outstanding contracts in hand of approximately HK$9.4 billion

During the Year, the Group recorded total revenue of HK$4,481.9 million and a profit attributable to equity holders of HK$242.6 million. The Group's gross profit in 2019 was HK$786.7 million, with gross profit margin increasing to 17.6% (FY2018: 14.9%), mainly attributable to the increased proportions of maintenance works and sales of goods awarded, which presented a higher gross profit margin than contracting works in the overall revenue stream. The high levels of tendering activities by the Group throughout 2019 paid off witha rewarding result after a year of record high business turnover in 2018. During the Year, a total of approximately 1,332 tenders or quotations each with an individual value of over HK$1 million had been submitted, of which approximately 316 were awarded witha value totalling approximately HK$5.5 billion. The Group has recorded a notably high value of outstanding contracts in hand of approximately HK$9.4 billion (including contracting work, maintenance work and sales of goods), approximately HK$2.0 billion more than last year. During the reporting year, the total value of tenders and quotations awarded increased by 13.3% to approximately HK$6.5 billion (FY2018:HK$ 5.7 billion).

The Board has proposed a second interim dividend of HK5.07 cents per Share. Together with the first interim dividend of HK3.85 cents per Share, the total dividend for the Year amounted to HK8.92 cents per Share, representing a dividend payout ratio of 51.5%.

Dr. Poon Lok To Otto, Chairman of Analogue Holdings Limited, said, "The Group has reached a historic milestone this year with its shares successfully listed on the Main Board of the Stock Exchange in July, and the inclusion in the MSCI Hong Kong Micro Cap Index a few months later further represented recognition from the investment market. Our dedication to sustainable development was clearly reflected by the progress across all four business segments despite the worsening business environment in the second half year. Our innovative capability in generating various new applications of technologies not only gained us new orders, but also consolidated our leading position. As we forge ahead, we will continue to honour our guiding principles - We Commit, We Perform, We Deliver to provide professional, efficient and quality E&M engineering services, and will adhere to the New Technology, New Market and New Business Mode strategy. We are in good position to capture the rising opportunities in the Greater Bay Area and One Belt One Road countries to fuel our growth ahead."

Building Services
The building services segment continued to be the key revenue driver of the Group, contributing HK$2,676.3 million to revenue for the Year, with its capability encompassing the design, installation, testing and commissioning and maintenance services for customers from Hong Kong, Macau and mainland China for a wide range of buildings and premises.

During the Year, the Group managed to enlist some major new customers while maintaining an existing strong client base. It has stepped up the impetus in investing in, developing and implementing innovative construction technologies. For the Science Park InnoCell residential project in Pak Shek Kok, one of the first construction projects of its kind in Hong Kong, the Group has resolved a series of technical, logistical and cross-border administration and statutory approval issues related to the adoption of the latest construction technology of Modular Integrated Construction (MiC). The project was making good progress with completion expected in 2020. The Group was also developing the ATAL Building Services Prefabrication & Modularisation Construction Technology (ABSPM) for adoption of off-site prefabrication and modularisation in a systematic approach and on a wider scale, in order to enhance quality, safety and productivity, and to mitigate the acute problems of aging and shortage of site workers.

Environmental Engineering
The environmental engineering segment provides total solutions for environmental engineering systems for water, wastewater, sluge, solid waste and gas treatment plant projects, which contributed revenue of HK$1,086.9 million for the Year.The Group has developed and adopted several advanced technologies through its in-house research and develpment ("R&D") team, giving it a competitive edge not only for bidding tenders in Hong Kong but also tapping the vast market of mainland China. Up to FY2019, the Group had project references in most of the 34 provinces level administrative regions in China. The Group also explored opportunities to provide environmental engineering service overseas, particularly to the relevant Belt and Road countries. During the Year, by working with a large China state-owned enterprise, the Group secured a contract for the supply of technologies and equipment (including 5-years operation), for a wastewater treatment plant project in Nepal.

Information, Communication and Building Technology ("ICBT")
To ride the megatrend of the Smart City, the ICBT segment endeavours to offer solutions to help build green and intelligent buildings through integrating a wide range of information and communications technologies. During the Year, the ICBT segment recorded revenue amounting to HK$444.4 million.

In 2019, The Group's award-winning Cloud-based Chiller Plant Energy Management Platform was commercialised and has attracted the interest of many reputable clients of commercial buildings. A number of orders has been received and more are under negotiation. A Fault Detection & Diagnostic (FDD) software and an Energy Management Visualization (EMV) software are also developed and ready for official launch in FY2020, which aim to help better monitoring the working conditions of building services equipment and building energy consumption patterns. A new stream of income this year came from equipping office, commercial and government buildings with the Internet-of-Things ("IoT") infrastructure. For intelligent transport, the Group also secured an Automated Guided Vehicular (AGV) Parking System contract for the Hong Kong Science and Technology Park, which was the first commercialised smart parking system of its kind in Hong Kong, and is in the process of bidding for the second one.

Lifts & Escalators
The lifts & escalators segment encompasses the design, manufacturing (under the trade name of "Anlev"), sales, installation and maintenance of various lifts, escalators and moving walkways meeting different purposes and requirements. Capitalising on its outstanding performance ratings in safety and quality, the segment has realised steady growth, generating a revenue of HK$274.3 million.

During the Year, the Group received the first maintenance order of the Anlev Predictive Maintenance & Remote Monitoring System (APMRMS). On top of general new lift installation and maintenance projects, the increasing safety concern for lifts in society has led to many enquiries for modernisation of aged lifts. In FY2019, the Group secured contracts for modernisation of lifts of total value at HK$83.8 million and completed contracts of HK$44.5 million. Subsequent to Anlev's admission to the Hong Kong Housing Authority ("HKHA") approved contractor list for lift installations, the Group was awarded the first HKHA lift contract in the Year and is prepared to pursue more lift tenders from HKHA in the coming years. The Group was also awarded its first order in Mexico and Portugal respectively and signed new distributorship agreements in the Eurasian and Eastern Europe regions. The Group will put in extra effort to boost its business growth overseas, through targeting areas with a large market size and higher price level, while looking to engage incloser work relationships with its overseas partners.

Business Outlook
Despite the challenges in the global economy presented by the trade conflict between China and the United States of America as well as the coronavirus pandemic that started in January 2020, the Group still sees growth opportunities in its major markets, as driven by the favourable policies by the governments. Construction Industry Councilforecasted that the construction expenditure in Hong Kong is on a rising trend, from HK$245-$305 billion in FY2019-2020 to HK$275-$340 billion in FY2027-2028. The Group is forseeing a healthy pipeline of tenders and business opportunities to capture in 2020 and beyond, and is cautiously optimistic about the business outlook and further improvement in the upcoming years.

Going forward, the Group will stay alert and spare no effort to foster innovation and application of technologies, while continuously supporting the sustainable business strategy through seizing various growth opportunities for its four business segments. Meanwhile, the Group is actively pursuing merger and acquisition opportunities to facilitate its overall business growth. The Group has conducted preliminary enquiries with companies in South East Asia, North America and Europe in building services and lifts and escalators segments respectively. With a healthy liquidity position, the Group is in a favourable position and will continue to look for opportunities such as acquisition and formation of joint ventures to expand its various business segments in the future.

Dr. Otto Poon added, "With the Group's strong commitment and continuous investment in innovation, technology, process improvement, professional development, and sustainable business growth, we are confident in harvesting material benefits of improved efficiency, productivity and competitiveness in our operations and opening up new business opportunities to continue strengthening the market leadership position and increasing shareholder value going forward."

For further details of the 2019 annual results, please refer to the announcement that has been filed with The Stock Exchange of Hong Kong Limited.
https://doc.irasia.com/listco/hk/analogue/annual/2019/res.pdf

About Analogue Holdings Limited
Established in 1977 and headquartered in Hong Kong, the Group is a leading E&M engineering service provider in Hong Kong, with substantial operations in Macau and mainland China. The Group provides multi-disciplinary and comprehensive E&M engineering and technology services in different segments, including Building Services, Environmental Engineering, ICBT and Lifts & Escalators to a wide spectrum of customers from the banking, property development, education, entertainment, hospitality, information technology, data centres, transportation and utilities sectors, as well as departments of the Hong Kong SAR Government. The Group also manufactures and sells lifts and escalators internationally. Nanjing Canatal Data Centre Environmental Tech Company Limited, an associate of the Group specialised in manufacturing of precision air conditioners, has been listed on the main board of the Shanghai Stock Exchange since November 2017.


Copyright 2020 ACN Newswire. All rights reserved. www.acnnewswire.com

source http://www.acnnewswire.com/press-release/english/58150/

China Southern Selected Growth Balanced Fund Wins Morningstar Balanced Fund Award

BEIJING, Mar 28, 2020 - (JCN Newswire) - The Morningstar International Fund Awards are set to recognize the China 2020 winners on March 26. The China Southern Selected Growth Balanced Fund (202023) from China Southern Asset Management Co., Ltd. won the annual Balanced Fund Award, as the only fund in the Chinese market to win this award.

According to Morningstar's evaluation criteria, China Southern Selected Growth Balanced Fund has a five-star rating for the past three and five years of hybrid growth. In accordance with the data of Galaxy Securities Fund Research Center, by the end of 2019, the cumulative net growth rate of the fund since its establishment had reached 205.7%, its net growth rates for the past three and five years were 57.17% and 126.95% respectively; a similar ranking is 9.16% and 3.45% respectively. With a long-term balanced and steady performance, this China Southern Selected Growth Balanced Fund, managed by Luo Shuai, stood out from the 290 selected funds of the same category and won the Morningstar Annual Balanced Fund Award.

China Southern Selected Growth Balanced Fund has also won many honorary awards: in 2018, it was awarded the five-year Open Hybrid Sustainable Winning Golden Bull Fund. In 2018 and 2019, it won the Balanced Star Fund with Five-year Sustainable Return Balance. (Source of Awards: China Securities Journal, Securities Times, March 2018, March 2019) (The past performance of the fund does not predict its future performance, and the performance of other funds managed by the fund manager does not guarantee the performance of the fund.)

Company Overview

On March 6th, 1998, China Southern Asset Management Co., Ltd. (hereinafter referred to as "Southern Asset Management") was officially established as one of the first domestic asset management companies approved and regulated by the China Securities Regulatory Commission (hereinafter referred to as "CSRC"), which symbolizes the start of our nation's "New Golden Era for Funds".

On January 4th, 2018, Southern Asset Management restructured for the Limited. On July 24th, 2019, following approval of the CSRC, Southern Asset Management realized its employee stock ownership plan (ESOP). Through employee shareholding and shareholder capital increase, the registered capital was increased to CNY 361.72 million. Currently, with its headquarters in Shenzhen, Southern Asset Management has 6 branches and 2 subsidiaries.

Southern Asset Management has stood the tests of time throughout periodic shifts between bull and bear market in Chinese capital market. By showing stable and sustainable performances and providing improved and professional services, Southern Asset Management managed to continuously build the trust and recognition of a wide range of investors, including mutual fund investors, the National Council for Social Security Fund, corporate annuity clients and high-net-worth clients.

Southern Asset Management has grown into one of the industry leaders that boasts diverse range of products, comprehensive type of business activities, exceptional investment performance and a large scale of assets under management. As of December 31th, 2019, Southern Asset Management and its subsidiaries have a scale of combined assets under management (AUM) that totaled USD 153.9 billion.

Media Contact: Si Chen
E: chensi@southernfund.com
China Southern Asset Management
URL: https://southernfund.com



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WCI Obtains Authorised Supervision from Financial Transactions and Reports Analysis Centre of Canada (FINTRAC)

TORONTO, Mar 27, 2020 - (JCN Newswire) - On February 3, 2020, West Capital International (WCI) obtained authorised supervision from Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) with immediate effect, meaning WCI officially entered the Canadian financial market and began to provide services for Canadian investors.

Mission-Promoting the Development of World Investment Innovation Model

WCI has invested about US$ 500 million in financial education since 2017. It has hired a large number of financial education elites from all over the world to teach people to understand the new economic form and master the most advanced new investment mode in the world. The main group of the education program is customers who have a certain understanding of the global economic innovation. It provides independent financial supervision services to the world's middle and upper income groups and conducts new financial supervision other than traditional investment and financial management forms.

Top asset security capabilities

WCI has been adhering to the principle of win-win operation and the principle of legal operation. It has successively won the supervision of many authoritative monitoring organizations such as the National Futures Association (NFA), Australian Trust YOU CAN TRUST, Canada's Financial Transaction and Report Analysis Center (MSB), etc. WCI is a company that directly provides additional and extensive protection to customer groups, and proudly provides safe and worry-free investment plans for customer funds. The safety of customer funds is the top priority. WCI Capital Invests in Hong Kong and Shanghai Banking Corporation to Launch the Best Guarantee for Guaranteeing the Capital of the First Phase US$ 200 million Cheque. In addition, WCI Capital will present an equivalent cheque of Standard Chartered Bank segregated account.

About WCI

As a 6-star international investment trust, WCI was established in 1988. Its headquarters are now located in Russia and Ukraine. WCI has a strong financial background, and its international professional traders have more than 30 years of experience. Since its establishment, it has been focusing on financial derivatives investment and specialized in foreign exchange, stock index, international futures, etc. WCI continues to conduct necessary market research and development to keep pace with the changing financial markets of global business. The trading team carries out high probability trading and regularly evaluates the algorithms of trading tools as well as new cross-border trading tools.

Please contact:
Bryant Chai, Toronto, Canada
West Capital International Ltd
enquiry@westcapitaltrading.com
http://www.westcapitaltrading.com



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Shenwan Hongyuan Announces 2019 Annual Results

HONG KONG, Mar 28, 2020 - (JCN Newswire) - Shenwan Hongyuan Group Co., Ltd. (hereinafter referred to as "Shenwan Hongyuan" or the "Company"; stock code: 6806.HK; 000166.SZ) announced its annual results for the 12 months ended 31 December 2019 (the "Reporting Period").

During the Reporting Period, the Company achieved total revenue and other income of RMB33.252 billion, up 37.92% YOY; profit before income tax of RMB6.927 billion, increasing 33.54% YOY; profit attributable to the shareholders of the Company for the period of RMB5.735 billion, a YOY increase of 37.86%; basic earnings per share of RMB 0.24, 26.32% higher than in 2018; 7.41% in its weighted average return on net assets ratio, rising by 1.22 percentage points YOY.

Benefiting from a market rebound and accurate strategy transformation, the Company's four major business segments including enterprise finance, personal finance, institutional services and trading, and investment management all recorded steady growth and further increased market shares. Among them, revenue from the Company's enterprise finance segment increased 25.47% YOY to RMB2.718 billion; personal finance grew 1.86% to RMB11.345 billion; institutional services and trading surged by 93.66% to RMB17.166 billion; and investment management rose by 4.18% to RMB2.023 billion.

Enterprise finance business: Seize market opportunities, participate in the STAR Market, and steadily expand the scope of business

In 2019, the Company's investment banking arm fully participated in the construction of the STAR Market, developed a full range of fixed income financing businesses and continued to increased efforts in the development of new projects to increase project reserves. During the Reporting Period, the Company completed 13 equity financing projects (including 3 IPOs and 10 refinancing projects) with a financing amount of RMB13.879 billion. In particular, "Anji Technology", was responsible for sponsoring and undertaking, was one of the first batch of enterprises listed in the STAR Market; six M&A and restructuring transactions were approved by the M&A and restructuring committee of the CSRC, ranking fifth in the industry, up by 13 in ranking as compared with the last year; 79 enterprise and corporate bond projects, and 493 local government bond projects with an underwriting amount of RMB87 billion, the Company was rated as an outstanding lead underwriter of corporate bonds by the Shenzhen Stock Exchange.

Personal finance business: Actively capture market opportunities, introduce the assets of major clients, and promote institutional transformation for clients

In 2019, the overall capital market rebounded and saw vigorous trading. As of the end of the Reporting Period, client securities under the custody of the Company amounted to RMB3.20 trillion, representing a year-on-year increase of 33.67% and a market share of 7.18%, ranking among the top in the industry. At the end of the period, the brokerage business had nearly 7.271 million retail customers, representing an increase of 11.04% as compared with the end of the previous year. The new securities accounts opened by companies reached approximately 710,800, representing an increase of 118.71% over the same period of last year. The monthly active users of Big Winner APP reaching 1,121,100.

The Company's future business line, daily average customer equity and total customer equity peaked at record highs. Shenwan Futures had been awarded the highest Class A Grade AA rating in the classified evaluation of futures companies by the CSRC for six consecutive years, and it had also been granted approximately 40 awards and honours by the financial industry, government authorities, exchanges, mainstream media, etc.; Hongyuan Futures further strengthened its business layout, further developed its new business, and applied for qualifications for fund sales business. Breakthroughs to varying degrees were achieved in terms of basis trading business, market making business, and options business.

During the Reporting Period, by fully leveraging on the position as one of the first batch of qualified brokers for securities refinancing business in the STAR Market, the Company accelerated institutional transformation of clients through capturing market trends and expanding the source of securities, with RMB51.71 billion in ending balance and a market share rate of 5.05% at the end of 2019.

The Company's stock-backed lending business actively responded to change in the market environment, and further strengthened its project risk management. As of the end of the Reporting Period, the Company's stock-backed lending business has had a balance of RMB24.488 billion, decreasing by 43.94% over the end of the previous year. The collateral coverage ratio of stock-backed lending contracts was 243.63% on average.

The sales of financial product business line of the Company devoted great efforts to both the mutual funds and private equity funds. During the Reporting Period, the Company's total sales of its own financial products and third-party products reached RMB63.899 billion and RMB46.594 billion respectively.

Institutional services and trading business: Strengthen research input and the building of sales and service capabilities, as well as continuously enriching product portfolio

During the Reporting Period, the Company's institutional services and trading business recorded total revenue and other income of RMB17.166 billion, representing a year-on-year increase of 93.66%. Among them, revenue generated from units leasing amounted to RMB422 million, representing an increase of 3.97% over the end of the previous year,, and the market share of income from units leasing was 4.2034%, maintaining in the top rank in the industry; as for the PB System business, the Company standardised the development of PB trading system to achieve full-market and full-variety coverage. As of the end of 2019, there were 487 PB System customers with a total scale of RMB114.1 billion; the fund operation outsourcing service of the Company had passed the ISAE3402 international certification for two consecutive years; the Company obtained the qualification for custody of securities investment funds.

The Company's research and consultation business line continuously improved in research quality and market influence. In 2019, SWS Research held more than 40 quality conferences and won the first place of "Local Gold Medal Research Team", 23 individual research awards in the "13th Crystal Ball Awards For Chinese Sell-Side Analysts", the 4th place of the "The Most Influential Research Institutions", and individual awards in 10 research fields in the "17th Best Analyst".

The Company's FICC business line closely followed the development of the market, with the investment return far exceeding the average return of the open bond fund, and profit contribution once again reaching a record high; with its gradually improving business layout, the Company acquired the qualifications for treasury bonds futures market-making business and main market maker for listed funds, as well as qualifications to quote in the "Bond Connect".

The Company continued to promote its equity sales and trading business, resulting in steady increase in its overall profitability. Furthermore, the Company vigorously developed market-making business and obtained a number of important business qualifications including the main market maker of the Shanghai and Shenzhen 300ETF options from the Shanghai Stock Exchange, the main market maker of the Shanghai and Shenzhen 300ETF options from the Shenzhen Stock Exchange, the market maker of stock index options of the Shanghai and Shenzhen 300 index from China Financial Futures Exchange and the market maker of commodity options (PTA, methanol) from Zhengzhou Commodity Exchange. The Company continuously enriched the product lines of its derivatives business and strengthen its customer stickiness. According to the Securities Association of China, during the Reporting Period, the Company's market share of OTC derivatives business stood at 12.3%, ranking among the top five in the industry in respect of cumulative scale.

Investment management business: Combine internal and external resources to provide diverse asset allocation plans

The investment management business of the Company consists of asset management, mutual fund management and private equity fund management. During the Reporting Period, the Company's investment management business segment recorded total revenue and other income of RMB2.023 billion, representing a year-on-year increase of 4.18%. Net income from the Company's asset management business showed relatively rapid growth in spite of adversity, ranked 5th in the industry, climbing one place from previous year; income structure was further optimised, with revenue from the active management business constituting 86% of total revenue, up 11 percentage points YOY.

The Company carries out the mutual fund management business principally through its controlled subsidiary SWS MU and its invested company Fullgoal Fund. As of the end of the Reporting Period, the scale of assets under its management was RMB76.2 billion, representing an increase of 46% from the end of the previous year. The scale of mutual funds under Fullgoal Fund's management was RMB339.059 billion, representing an increase of over 70% over the end of the last year. The Company maintained excellent overall investment performance in various major categories of products such as active equity, quantitative index and fixed income.

The Company carries out the private equity fund management business principally through Shenwan Hongyuan Industrial Investment, Hongyuan Huifu and Shenyin & Wanguo Investment. Relying on the capital market, the Company vigorously developed the private equity fund business and strengthened cooperation with key provinces and relevant listed groups, large state-owned enterprises, etc., to comprehensively serve the development of the real economy and industrial transformation and upgrades.

Outlook: Implement the "principal investment + investment banking" strategy to ensure the Company's healthy and continuous development

As the multi-layered capital system gradually improves and various measures to open the financial industry are continuously launched, the securities sector faces new development opportunities from increasing industry consolidation. Shenwan Hongyuan will follow the trend and has set a strategic goal to "become a financial service provider which relies on the capital market, focuses on securities businesses, and is featured by "principal investment + investment banking", serving the general public, supporting solid economic development and optimising resources allocation. In respect of the tasks for fully implementing the strategy of "principal investment + investment banking", the Company will expedite its resource layouts, continuously improve its competitiveness and profitability, enhance its team and capability building, and perfect its internal control and risk management system, so as to ensure the Company's continuous, healthy development. Meanwhile, the Company will also actively respond to the negative impact of the novel coronavirus epidemic on its various businesses, adhere to "strong efforts on both aspects" of epidemic prevention and operation, and join hands with the Chinese to win this people's war, general war and blockade against the pandemic in a determined way.

About Shenwan Hongyuan Group Co., Ltd.
Shenwan Hongyuan Group Co., Ltd. is a leading investment holding group focused on securities businesses in China. Shenwan Hongyuan Group is committed to providing diverse financial products and services to clients. In January 2015, Shenwan Hongyuan Group emerged from the merger between Shenyin & Wanguo Securities and Hong Yuan Securities, which was the largest merger in the PRC securities industry at that time according to Dealogic, forming the corporate structure by "an investment parent company, Shenwan Hongyuan Group, and a subsidiary securities firm, Shenwan Hongyuan Securities", and it listed on the Shenzhen Stock Exchange. In April 2019, Shenwan Hongyuan Group issued H shares and was successfully listed on the Hong Kong Stock Exchange.





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Shenwan Hongyuan Announces 2019 Annual Results

HONG KONG, Mar 28, 2020 - (ACN Newswire) - Shenwan Hongyuan Group Co., Ltd. (hereinafter referred to as "Shenwan Hongyuan" or the "Company"; stock code: 6806.HK; 000166.SZ) announced its annual results for the 12 months ended 31 December 2019 (the "Reporting Period").

During the Reporting Period, the Company achieved total revenue and other income of RMB33.252 billion, up 37.92% YOY; profit before income tax of RMB6.927 billion, increasing 33.54% YOY; profit attributable to the shareholders of the Company for the period of RMB5.735 billion, a YOY increase of 37.86%; basic earnings per share of RMB 0.24, 26.32% higher than in 2018; 7.41% in its weighted average return on net assets ratio, rising by 1.22 percentage points YOY.

Benefiting from a market rebound and accurate strategy transformation, the Company's four major business segments including enterprise finance, personal finance, institutional services and trading, and investment management all recorded steady growth and further increased market shares. Among them, revenue from the Company's enterprise finance segment increased 25.47% YOY to RMB2.718 billion; personal finance grew 1.86% to RMB11.345 billion; institutional services and trading surged by 93.66% to RMB17.166 billion; and investment management rose by 4.18% to RMB2.023 billion.

Enterprise finance business: Seize market opportunities, participate in the STAR Market, and steadily expand the scope of business

In 2019, the Company's investment banking arm fully participated in the construction of the STAR Market, developed a full range of fixed income financing businesses and continued to increased efforts in the development of new projects to increase project reserves. During the Reporting Period, the Company completed 13 equity financing projects (including 3 IPOs and 10 refinancing projects) with a financing amount of RMB13.879 billion. In particular, "Anji Technology", was responsible for sponsoring and undertaking, was one of the first batch of enterprises listed in the STAR Market; six M&A and restructuring transactions were approved by the M&A and restructuring committee of the CSRC, ranking fifth in the industry, up by 13 in ranking as compared with the last year; 79 enterprise and corporate bond projects, and 493 local government bond projects with an underwriting amount of RMB87 billion, the Company was rated as an outstanding lead underwriter of corporate bonds by the Shenzhen Stock Exchange.

Personal finance business: Actively capture market opportunities, introduce the assets of major clients, and promote institutional transformation for clients

In 2019, the overall capital market rebounded and saw vigorous trading. As of the end of the Reporting Period, client securities under the custody of the Company amounted to RMB3.20 trillion, representing a year-on-year increase of 33.67% and a market share of 7.18%, ranking among the top in the industry. At the end of the period, the brokerage business had nearly 7.271 million retail customers, representing an increase of 11.04% as compared with the end of the previous year. The new securities accounts opened by companies reached approximately 710,800, representing an increase of 118.71% over the same period of last year. The monthly active users of Big Winner APP reaching 1,121,100.

The Company's future business line, daily average customer equity and total customer equity peaked at record highs. Shenwan Futures had been awarded the highest Class A Grade AA rating in the classified evaluation of futures companies by the CSRC for six consecutive years, and it had also been granted approximately 40 awards and honours by the financial industry, government authorities, exchanges, mainstream media, etc.; Hongyuan Futures further strengthened its business layout, further developed its new business, and applied for qualifications for fund sales business. Breakthroughs to varying degrees were achieved in terms of basis trading business, market making business, and options business.

During the Reporting Period, by fully leveraging on the position as one of the first batch of qualified brokers for securities refinancing business in the STAR Market, the Company accelerated institutional transformation of clients through capturing market trends and expanding the source of securities, with RMB51.71 billion in ending balance and a market share rate of 5.05% at the end of 2019.

The Company's stock-backed lending business actively responded to change in the market environment, and further strengthened its project risk management. As of the end of the Reporting Period, the Company's stock-backed lending business has had a balance of RMB24.488 billion, decreasing by 43.94% over the end of the previous year. The collateral coverage ratio of stock-backed lending contracts was 243.63% on average.

The sales of financial product business line of the Company devoted great efforts to both the mutual funds and private equity funds. During the Reporting Period, the Company's total sales of its own financial products and third-party products reached RMB63.899 billion and RMB46.594 billion respectively.

Institutional services and trading business: Strengthen research input and the building of sales and service capabilities, as well as continuously enriching product portfolio

During the Reporting Period, the Company's institutional services and trading business recorded total revenue and other income of RMB17.166 billion, representing a year-on-year increase of 93.66%. Among them, revenue generated from units leasing amounted to RMB422 million, representing an increase of 3.97% over the end of the previous year,, and the market share of income from units leasing was 4.2034%, maintaining in the top rank in the industry; as for the PB System business, the Company standardised the development of PB trading system to achieve full-market and full-variety coverage. As of the end of 2019, there were 487 PB System customers with a total scale of RMB114.1 billion; the fund operation outsourcing service of the Company had passed the ISAE3402 international certification for two consecutive years; the Company obtained the qualification for custody of securities investment funds.

The Company's research and consultation business line continuously improved in research quality and market influence. In 2019, SWS Research held more than 40 quality conferences and won the first place of "Local Gold Medal Research Team", 23 individual research awards in the "13th Crystal Ball Awards For Chinese Sell-Side Analysts", the 4th place of the "The Most Influential Research Institutions", and individual awards in 10 research fields in the "17th Best Analyst".

The Company's FICC business line closely followed the development of the market, with the investment return far exceeding the average return of the open bond fund, and profit contribution once again reaching a record high; with its gradually improving business layout, the Company acquired the qualifications for treasury bonds futures market-making business and main market maker for listed funds, as well as qualifications to quote in the "Bond Connect".

The Company continued to promote its equity sales and trading business, resulting in steady increase in its overall profitability. Furthermore, the Company vigorously developed market-making business and obtained a number of important business qualifications including the main market maker of the Shanghai and Shenzhen 300ETF options from the Shanghai Stock Exchange, the main market maker of the Shanghai and Shenzhen 300ETF options from the Shenzhen Stock Exchange, the market maker of stock index options of the Shanghai and Shenzhen 300 index from China Financial Futures Exchange and the market maker of commodity options (PTA, methanol) from Zhengzhou Commodity Exchange. The Company continuously enriched the product lines of its derivatives business and strengthen its customer stickiness. According to the Securities Association of China, during the Reporting Period, the Company's market share of OTC derivatives business stood at 12.3%, ranking among the top five in the industry in respect of cumulative scale.

Investment management business: Combine internal and external resources to provide diverse asset allocation plans

The investment management business of the Company consists of asset management, mutual fund management and private equity fund management. During the Reporting Period, the Company's investment management business segment recorded total revenue and other income of RMB2.023 billion, representing a year-on-year increase of 4.18%. Net income from the Company's asset management business showed relatively rapid growth in spite of adversity, ranked 5th in the industry, climbing one place from previous year; income structure was further optimised, with revenue from the active management business constituting 86% of total revenue, up 11 percentage points YOY.

The Company carries out the mutual fund management business principally through its controlled subsidiary SWS MU and its invested company Fullgoal Fund. As of the end of the Reporting Period, the scale of assets under its management was RMB76.2 billion, representing an increase of 46% from the end of the previous year. The scale of mutual funds under Fullgoal Fund's management was RMB339.059 billion, representing an increase of over 70% over the end of the last year. The Company maintained excellent overall investment performance in various major categories of products such as active equity, quantitative index and fixed income.

The Company carries out the private equity fund management business principally through Shenwan Hongyuan Industrial Investment, Hongyuan Huifu and Shenyin & Wanguo Investment. Relying on the capital market, the Company vigorously developed the private equity fund business and strengthened cooperation with key provinces and relevant listed groups, large state-owned enterprises, etc., to comprehensively serve the development of the real economy and industrial transformation and upgrades.

Outlook: Implement the "principal investment + investment banking" strategy to ensure the Company's healthy and continuous development

As the multi-layered capital system gradually improves and various measures to open the financial industry are continuously launched, the securities sector faces new development opportunities from increasing industry consolidation. Shenwan Hongyuan will follow the trend and has set a strategic goal to "become a financial service provider which relies on the capital market, focuses on securities businesses, and is featured by "principal investment + investment banking", serving the general public, supporting solid economic development and optimising resources allocation. In respect of the tasks for fully implementing the strategy of "principal investment + investment banking", the Company will expedite its resource layouts, continuously improve its competitiveness and profitability, enhance its team and capability building, and perfect its internal control and risk management system, so as to ensure the Company's continuous, healthy development. Meanwhile, the Company will also actively respond to the negative impact of the novel coronavirus epidemic on its various businesses, adhere to "strong efforts on both aspects" of epidemic prevention and operation, and join hands with the Chinese to win this people's war, general war and blockade against the pandemic in a determined way.

About Shenwan Hongyuan Group Co., Ltd.
Shenwan Hongyuan Group Co., Ltd. is a leading investment holding group focused on securities businesses in China. Shenwan Hongyuan Group is committed to providing diverse financial products and services to clients. In January 2015, Shenwan Hongyuan Group emerged from the merger between Shenyin & Wanguo Securities and Hong Yuan Securities, which was the largest merger in the PRC securities industry at that time according to Dealogic, forming the corporate structure by "an investment parent company, Shenwan Hongyuan Group, and a subsidiary securities firm, Shenwan Hongyuan Securities", and it listed on the Shenzhen Stock Exchange. In April 2019, Shenwan Hongyuan Group issued H shares and was successfully listed on the Hong Kong Stock Exchange.



Copyright 2020 ACN Newswire. All rights reserved. www.acnnewswire.com

source http://www.acnnewswire.com/press-release/english/58144/

Shenwan Hongyuan Announces 2019 Annual Results

HONG KONG, Mar 28, 2020 - (JCN Newswire) - Shenwan Hongyuan Group Co., Ltd. (hereinafter referred to as "Shenwan Hongyuan" or the "Company"; stock code: 6806.HK; 000166.SZ) announced its annual results for the 12 months ended 31 December 2019 (the "Reporting Period").

During the Reporting Period, the Company achieved total revenue and other income of RMB24.593 billion, up 60.98% YOY; profit before income tax of RMB6.927 billion, increasing 33.54% YOY; profit attributable to the shareholders of the Company for the period of RMB5.735 billion, a YOY increase of 37.86%; basic earnings per share of RMB 0.24, 26.32% higher than in 2018; 7.41% in its weighted average return on net assets ratio, rising by 1.22 percentage points YOY.

Benefiting from a market rebound and accurate strategy transformation, the Company's four major business segments including enterprise finance, personal finance, institutional services and trading, and investment management all recorded steady growth and further increased market shares. Among them, revenue from the Company's enterprise finance segment increased 24.93% YOY to RMB2.293 billion; personal finance grew 11.70% to RMB7.234 billion; institutional services and trading surged by 142.65% to RMB13.399 billion; and investment management rose by 15.46% to RMB1.667 billion.

Enterprise finance business: Seize market opportunities, participate in the STAR Market, and steadily expand the scope of business

In 2019, the Company's investment banking arm fully participated in the construction of the STAR Market, developed a full range of fixed income financing businesses and continued to increased efforts in the development of new projects to increase project reserves. During the Reporting Period, the Company completed 13 equity financing projects (including 3 IPOs and 10 refinancing projects) with a financing amount of RMB13.879 billion. In particular, "Anji Technology", was responsible for sponsoring and undertaking, was one of the first batch of enterprises listed in the STAR Market; six M&A and restructuring transactions were approved by the M&A and restructuring committee of the CSRC, ranking fifth in the industry, up by 13 in ranking as compared with the last year; 79 enterprise and corporate bond projects, and 493 local government bond projects with an underwriting amount of RMB87 billion, the Company was rated as an outstanding lead underwriter of corporate bonds by the Shenzhen Stock Exchange.

Personal finance business: Actively capture market opportunities, introduce the assets of major clients, and promote institutional transformation for clients

In 2019, the overall capital market rebounded and saw vigorous trading. As of the end of the Reporting Period, client securities under the custody of the Company amounted to RMB3.20 trillion, representing a year-on-year increase of 33.67% and a market share of 7.18%, ranking among the top in the industry. At the end of the period, the brokerage business had nearly 7.271 million retail customers, representing an increase of 11.04% as compared with the end of the previous year. The new securities accounts opened by companies reached approximately 710,800, representing an increase of 118.71% over the same period of last year. The monthly active users of Big Winner APP reaching 1,120,000.

The Company's future business line, daily average customer equity and total customer equity peaked at record highs. Shenwan Futures had been awarded the highest Class A Grade AA rating in the classified evaluation of futures companies by the CSRC for six consecutive years, and it had also been granted approximately 40 awards and honours by the financial industry, government authorities, exchanges, mainstream media, etc.; Hongyuan Futures further strengthened its business layout, further developed its new business, and applied for qualifications for fund sales business. Breakthroughs to varying degrees were achieved in terms of basis trading business, market making business, and options business.

During the Reporting Period, by fully leveraging on the position as one of the first batch of qualified brokers for securities refinancing business in the STAR Market, the Company accelerated institutional transformation of clients through capturing market trends and expanding the source of securities, with RMB51.71 billion in ending balance and a market share rate of 5.05% at the end of 2019.

The Company's stock-backed lending business actively responded to change in the market environment, and further strengthened its project risk management. As of the end of the Reporting Period, the Company's stock-backed lending business has had a balance of RMB24.488 billion, decreasing by 43.94% over the end of the previous year. The collateral coverage ratio of stock-backed lending contracts was 243.63% on average.

The sales of financial product business line of the Company devoted great efforts to both the mutual funds and private equity funds. During the Reporting Period, the Company's total sales of its own financial products and third-party products reached RMB63.899 billion and RMB46.594 billion respectively.

Institutional services and trading business: Strengthen research input and the building of sales and service capabilities, as well as continuously enriching product portfolio

During the Reporting Period, the Company's institutional services and trading business recorded total revenue and other income of RMB13,399 million, representing a year-on-year increase of 142.65%. Among them, revenue generated from units leasing amounted to RMB422 million, representing an increase of 3.97% over the end of the previous year,, and the market share of income from units leasing was 4.2034%, maintaining in the top rank in the industry; as for the PB System business, the Company standardised the development of PB trading system to achieve full-market and full-variety coverage. As of the end of 2019, there were 487 PB System customers with a total scale of RMB114.1 billion; the fund operation outsourcing service of the Company had passed the ISAE3402 international certification for two consecutive years; the Company obtained the qualification for custody of securities investment funds.

The Company's research and consultation business line continuously improved in research quality and market influence. In 2019, SWS Research held more than 40 quality conferences and won the first place of "Local Gold Medal Research Team", 23 individual research awards in the" 13th Crystal Ball Awards For Chinese Sell-Side Analysts", the 4th place of the "The Most Influential Research Institutions", and individual awards in 10 research fields in the "17th Best Analyst".

The Company's FICC business line closely followed the development of the market, with the investment return far exceeding the average return of the open bond fund, and profit contribution once again reaching a record high; with its gradually improving business layout, the Company acquired the qualifications for treasury bonds futures market-making business and main market maker for listed funds, as well as qualifications to quote in the "Bond Connect".

The Company continued to promote its equity sales and trading business, resulting in steady increase in its overall profitability. Furthermore, the Company vigorously developed market-making business and obtained a number of important business qualifications including the main market maker of the Shanghai and Shenzhen 300ETF options from the Shanghai Stock Exchange, the main market maker of the Shanghai and Shenzhen 300ETF options from the Shenzhen Stock Exchange, the market maker of stock index options of the Shanghai and Shenzhen 300 index from China Financial Futures Exchange and the market maker of commodity options (PTA, methanol) from Zhengzhou Commodity Exchange. The Company continuously enriched the product lines of its derivatives business and strengthen its customer stickiness. According to the Securities Association of China, during the Reporting Period, the Company's market share of OTC derivatives business stood at 12.3%, ranking among the top five in the industry in respect of cumulative scale.

Investment management business: Combine internal and external resources to provide diverse asset allocation plans

The investment management business of the Company consists of asset management, mutual fund management and private equity fund management. During the Reporting Period, the Company's investment management business segment recorded total revenue and other income of RMB1,667 million, representing a year-on-year increase of 15.46%. Net income from the Company's asset management business showed relatively rapid growth in spite of adversity, ranked 5th in the industry, climbing one place from previous year; income structure was further optimised, with revenue from the active management business constituting 86% of total revenue, up 11 percentage points YOY.

The Company carries out the mutual fund management business principally through its controlled subsidiary SWS MU and its invested company Fullgoal Fund. As of the end of the Reporting Period, the scale of assets under its management was RMB76.2 billion, representing an increase of 46% from the end of the previous year. The scale of mutual funds under Fullgoal Fund's management was RMB339.059 billion, representing an increase of over 70% over the end of the last year. The Company maintained excellent overall investment performance in various major categories of products such as active equity, quantitative index and fixed income.

The Company carries out the private equity fund management business principally through Shenwan Hongyuan Industrial Investment, Hongyuan Huifu and Shenyin & Wanguo Investment. Relying on the capital market, the Company vigorously developed the private equity fund business and strengthened cooperation with key provinces and relevant listed groups, large state-owned enterprises, etc., to comprehensively serve the development of the real economy and industrial transformation and upgrades.

Outlook: Implement the "principal investment + investment banking" strategy to ensure the Company's healthy and continuous development

As the multi-layered capital system gradually improves and various measures to open the financial industry are continuously launched, the securities sector faces new development opportunities from increasing industry consolidation. Shenwan Hongyuan will follow the trend and has set a strategic goal to "become a financial service provider which relies on the capital market, focuses on securities businesses, and is featured by "principal investment + investment banking", serving the general public, supporting solid economic development and optimising resources allocation. In respect of the tasks for fully implementing the strategy of "principal investment + investment banking", the Company will expedite its resource layouts, continuously improve its competitiveness and profitability, enhance its team and capability building, and perfect its internal control and risk management system, so as to ensure the Company's continuous, healthy development. Meanwhile, the Company will also actively respond to the negative impact of the novel coronavirus epidemic on its various businesses, adhere to "strong efforts on both aspects" of epidemic prevention and operation, and join hands with the Chinese to win this people's war, general war and blockade against the pandemic in a determined way.

About Shenwan Hongyuan Group Co., Ltd.
Shenwan Hongyuan Group Co., Ltd. is a leading investment holding group focused on securities businesses in China. Shenwan Hongyuan Group is committed to providing diverse financial products and services to clients. In January 2015, Shenwan Hongyuan Group emerged from the merger between Shenyin & Wanguo Securities and Hong Yuan Securities, which was the largest merger in the PRC securities industry at that time according to Dealogic, forming the corporate structure by "an investment parent company, Shenwan Hongyuan Group, and a subsidiary securities firm, Shenwan Hongyuan Securities", and it listed on the Shenzhen Stock Exchange. In April 2019, Shenwan Hongyuan Group issued H shares and was successfully listed on the Hong Kong Stock Exchange.





Copyright 2020 JCN Newswire. All rights reserved. www.jcnnewswire.com Via JCN Newswire https://ift.tt/2pbRN02

China Southern Selected Growth Balanced Fund Wins Morningstar Balanced Fund Award

BEIJING, Mar 28, 2020 - (ACN Newswire) - The Morningstar International Fund Awards are set to recognize the China 2020 winners on March 26. The China Southern Selected Growth Balanced Fund (202023) from China Southern Asset Management Co., Ltd. won the annual Balanced Fund Award, as the only fund in the Chinese market to win this award.




According to Morningstar's evaluation criteria, China Southern Selected Growth Balanced Fund has a five-star rating for the past three and five years of hybrid growth. In accordance with the data of Galaxy Securities Fund Research Center, by the end of 2019, the cumulative net growth rate of the fund since its establishment had reached 205.7%, its net growth rates for the past three and five years were 57.17% and 126.95% respectively; a similar ranking is 9.16% and 3.45% respectively. With a long-term balanced and steady performance, this China Southern Selected Growth Balanced Fund, managed by Luo Shuai, stood out from the 290 selected funds of the same category and won the Morningstar Annual Balanced Fund Award.

China Southern Selected Growth Balanced Fund has also won many honorary awards: in 2018, it was awarded the five-year Open Hybrid Sustainable Winning Golden Bull Fund. In 2018 and 2019, it won the Balanced Star Fund with Five-year Sustainable Return Balance. (Source of Awards: China Securities Journal, Securities Times, March 2018, March 2019) (The past performance of the fund does not predict its future performance, and the performance of other funds managed by the fund manager does not guarantee the performance of the fund.)

Company Overview

On March 6th, 1998, China Southern Asset Management Co., Ltd. (hereinafter referred to as "Southern Asset Management") was officially established as one of the first domestic asset management companies approved and regulated by the China Securities Regulatory Commission (hereinafter referred to as "CSRC"), which symbolizes the start of our nation's "New Golden Era for Funds".

On January 4th, 2018, Southern Asset Management restructured for the Limited. On July 24th, 2019, following approval of the CSRC, Southern Asset Management realized its employee stock ownership plan (ESOP). Through employee shareholding and shareholder capital increase, the registered capital was increased to CNY 361.72 million. Currently, with its headquarters in Shenzhen, Southern Asset Management has 6 branches and 2 subsidiaries.

Southern Asset Management has stood the tests of time throughout periodic shifts between bull and bear market in Chinese capital market. By showing stable and sustainable performances and providing improved and professional services, Southern Asset Management managed to continuously build the trust and recognition of a wide range of investors, including mutual fund investors, the National Council for Social Security Fund, corporate annuity clients and high-net-worth clients.

Southern Asset Management has grown into one of the industry leaders that boasts diverse range of products, comprehensive type of business activities, exceptional investment performance and a large scale of assets under management. As of December 31th, 2019, Southern Asset Management and its subsidiaries have a scale of combined assets under management (AUM) that totaled USD 153.9 billion.

Media Contact: Si Chen
E: chensi@southernfund.com
China Southern Asset Management
URL: https://southernfund.com


Copyright 2020 ACN Newswire. All rights reserved. www.acnnewswire.com

source http://www.acnnewswire.com/press-release/english/58027/

Shenwan Hongyuan Announces 2019 Annual Results

HONG KONG, Mar 28, 2020 - (ACN Newswire) - Shenwan Hongyuan Group Co., Ltd. (hereinafter referred to as "Shenwan Hongyuan" or the "Company"; stock code: 6806.HK; 000166.SZ) announced its annual results for the 12 months ended 31 December 2019 (the "Reporting Period").

During the Reporting Period, the Company achieved total revenue and other income of RMB24.593 billion, up 60.98% YOY; profit before income tax of RMB6.927 billion, increasing 33.54% YOY; profit attributable to the shareholders of the Company for the period of RMB5.735 billion, a YOY increase of 37.86%; basic earnings per share of RMB 0.24, 26.32% higher than in 2018; 7.41% in its weighted average return on net assets ratio, rising by 1.22 percentage points YOY.

Benefiting from a market rebound and accurate strategy transformation, the Company's four major business segments including enterprise finance, personal finance, institutional services and trading, and investment management all recorded steady growth and further increased market shares. Among them, revenue from the Company's enterprise finance segment increased 24.93% YOY to RMB2.293 billion; personal finance grew 11.70% to RMB7.234 billion; institutional services and trading surged by 142.65% to RMB13.399 billion; and investment management rose by 15.46% to RMB1.667 billion.

Enterprise finance business: Seize market opportunities, participate in the STAR Market, and steadily expand the scope of business

In 2019, the Company's investment banking arm fully participated in the construction of the STAR Market, developed a full range of fixed income financing businesses and continued to increased efforts in the development of new projects to increase project reserves. During the Reporting Period, the Company completed 13 equity financing projects (including 3 IPOs and 10 refinancing projects) with a financing amount of RMB13.879 billion. In particular, "Anji Technology", was responsible for sponsoring and undertaking, was one of the first batch of enterprises listed in the STAR Market; six M&A and restructuring transactions were approved by the M&A and restructuring committee of the CSRC, ranking fifth in the industry, up by 13 in ranking as compared with the last year; 79 enterprise and corporate bond projects, and 493 local government bond projects with an underwriting amount of RMB87 billion, the Company was rated as an outstanding lead underwriter of corporate bonds by the Shenzhen Stock Exchange.

Personal finance business: Actively capture market opportunities, introduce the assets of major clients, and promote institutional transformation for clients

In 2019, the overall capital market rebounded and saw vigorous trading. As of the end of the Reporting Period, client securities under the custody of the Company amounted to RMB3.20 trillion, representing a year-on-year increase of 33.67% and a market share of 7.18%, ranking among the top in the industry. At the end of the period, the brokerage business had nearly 7.271 million retail customers, representing an increase of 11.04% as compared with the end of the previous year. The new securities accounts opened by companies reached approximately 710,800, representing an increase of 118.71% over the same period of last year. The monthly active users of Big Winner APP reaching 1,120,000.

The Company's future business line, daily average customer equity and total customer equity peaked at record highs. Shenwan Futures had been awarded the highest Class A Grade AA rating in the classified evaluation of futures companies by the CSRC for six consecutive years, and it had also been granted approximately 40 awards and honours by the financial industry, government authorities, exchanges, mainstream media, etc.; Hongyuan Futures further strengthened its business layout, further developed its new business, and applied for qualifications for fund sales business. Breakthroughs to varying degrees were achieved in terms of basis trading business, market making business, and options business.

During the Reporting Period, by fully leveraging on the position as one of the first batch of qualified brokers for securities refinancing business in the STAR Market, the Company accelerated institutional transformation of clients through capturing market trends and expanding the source of securities, with RMB51.71 billion in ending balance and a market share rate of 5.05% at the end of 2019.

The Company's stock-backed lending business actively responded to change in the market environment, and further strengthened its project risk management. As of the end of the Reporting Period, the Company's stock-backed lending business has had a balance of RMB24.488 billion, decreasing by 43.94% over the end of the previous year. The collateral coverage ratio of stock-backed lending contracts was 243.63% on average.

The sales of financial product business line of the Company devoted great efforts to both the mutual funds and private equity funds. During the Reporting Period, the Company's total sales of its own financial products and third-party products reached RMB63.899 billion and RMB46.594 billion respectively.

Institutional services and trading business: Strengthen research input and the building of sales and service capabilities, as well as continuously enriching product portfolio

During the Reporting Period, the Company's institutional services and trading business recorded total revenue and other income of RMB13,399 million, representing a year-on-year increase of 142.65%. Among them, revenue generated from units leasing amounted to RMB422 million, representing an increase of 3.97% over the end of the previous year,, and the market share of income from units leasing was 4.2034%, maintaining in the top rank in the industry; as for the PB System business, the Company standardised the development of PB trading system to achieve full-market and full-variety coverage. As of the end of 2019, there were 487 PB System customers with a total scale of RMB114.1 billion; the fund operation outsourcing service of the Company had passed the ISAE3402 international certification for two consecutive years; the Company obtained the qualification for custody of securities investment funds.

The Company's research and consultation business line continuously improved in research quality and market influence. In 2019, SWS Research held more than 40 quality conferences and won the first place of "Local Gold Medal Research Team", 23 individual research awards in the" 13th Crystal Ball Awards For Chinese Sell-Side Analysts", the 4th place of the "The Most Influential Research Institutions", and individual awards in 10 research fields in the "17th Best Analyst".

The Company's FICC business line closely followed the development of the market, with the investment return far exceeding the average return of the open bond fund, and profit contribution once again reaching a record high; with its gradually improving business layout, the Company acquired the qualifications for treasury bonds futures market-making business and main market maker for listed funds, as well as qualifications to quote in the "Bond Connect".

The Company continued to promote its equity sales and trading business, resulting in steady increase in its overall profitability. Furthermore, the Company vigorously developed market-making business and obtained a number of important business qualifications including the main market maker of the Shanghai and Shenzhen 300ETF options from the Shanghai Stock Exchange, the main market maker of the Shanghai and Shenzhen 300ETF options from the Shenzhen Stock Exchange, the market maker of stock index options of the Shanghai and Shenzhen 300 index from China Financial Futures Exchange and the market maker of commodity options (PTA, methanol) from Zhengzhou Commodity Exchange. The Company continuously enriched the product lines of its derivatives business and strengthen its customer stickiness. According to the Securities Association of China, during the Reporting Period, the Company's market share of OTC derivatives business stood at 12.3%, ranking among the top five in the industry in respect of cumulative scale.

Investment management business: Combine internal and external resources to provide diverse asset allocation plans

The investment management business of the Company consists of asset management, mutual fund management and private equity fund management. During the Reporting Period, the Company's investment management business segment recorded total revenue and other income of RMB1,667 million, representing a year-on-year increase of 15.46%. Net income from the Company's asset management business showed relatively rapid growth in spite of adversity, ranked 5th in the industry, climbing one place from previous year; income structure was further optimised, with revenue from the active management business constituting 86% of total revenue, up 11 percentage points YOY.

The Company carries out the mutual fund management business principally through its controlled subsidiary SWS MU and its invested company Fullgoal Fund. As of the end of the Reporting Period, the scale of assets under its management was RMB76.2 billion, representing an increase of 46% from the end of the previous year. The scale of mutual funds under Fullgoal Fund's management was RMB339.059 billion, representing an increase of over 70% over the end of the last year. The Company maintained excellent overall investment performance in various major categories of products such as active equity, quantitative index and fixed income.

The Company carries out the private equity fund management business principally through Shenwan Hongyuan Industrial Investment, Hongyuan Huifu and Shenyin & Wanguo Investment. Relying on the capital market, the Company vigorously developed the private equity fund business and strengthened cooperation with key provinces and relevant listed groups, large state-owned enterprises, etc., to comprehensively serve the development of the real economy and industrial transformation and upgrades.

Outlook: Implement the "principal investment + investment banking" strategy to ensure the Company's healthy and continuous development

As the multi-layered capital system gradually improves and various measures to open the financial industry are continuously launched, the securities sector faces new development opportunities from increasing industry consolidation. Shenwan Hongyuan will follow the trend and has set a strategic goal to "become a financial service provider which relies on the capital market, focuses on securities businesses, and is featured by "principal investment + investment banking", serving the general public, supporting solid economic development and optimising resources allocation. In respect of the tasks for fully implementing the strategy of "principal investment + investment banking", the Company will expedite its resource layouts, continuously improve its competitiveness and profitability, enhance its team and capability building, and perfect its internal control and risk management system, so as to ensure the Company's continuous, healthy development. Meanwhile, the Company will also actively respond to the negative impact of the novel coronavirus epidemic on its various businesses, adhere to "strong efforts on both aspects" of epidemic prevention and operation, and join hands with the Chinese to win this people's war, general war and blockade against the pandemic in a determined way.

About Shenwan Hongyuan Group Co., Ltd.
Shenwan Hongyuan Group Co., Ltd. is a leading investment holding group focused on securities businesses in China. Shenwan Hongyuan Group is committed to providing diverse financial products and services to clients. In January 2015, Shenwan Hongyuan Group emerged from the merger between Shenyin & Wanguo Securities and Hong Yuan Securities, which was the largest merger in the PRC securities industry at that time according to Dealogic, forming the corporate structure by "an investment parent company, Shenwan Hongyuan Group, and a subsidiary securities firm, Shenwan Hongyuan Securities", and it listed on the Shenzhen Stock Exchange. In April 2019, Shenwan Hongyuan Group issued H shares and was successfully listed on the Hong Kong Stock Exchange.


Copyright 2020 ACN Newswire. All rights reserved. www.acnnewswire.com

source http://www.acnnewswire.com/press-release/english/58138/