According to Securities Star News, on May 14, 2024, Pacific (601099) announced that the company would accept institutional research on May 13, 2024.
The details are as follows:
Q: In 2023, the annual credit business has increased significantly. Thank you for explaining what the reasons are, what are the company's plans for the development of the credit business, and whether it will continue to maintain the growth momentum.
A: Dear investors, in 2023, the growth of the company's credit business is mainly due to the increase in interest income from stock pledges and the decrease in credit impairment losses. In 2024, the company's credit business will continue to enrich the exclusive investment advisory product line for margin and securities lending customers, and create value with high-quality services. Continuously meet the diversified business needs of customers, provide customers with multi-strategy investment advisory services, and improve the company's service capabilities for margin and securities lending customers; Accurately identify the target customer group, add new margin and securities lending customers, and increase margin and securities lending business income. Thank you for your interest in the company.
Q: How many branches does Pacific Securities have in China, what is the distribution of branches, and will the development of branches in some regions be more prominent?
A: Dear investors, up to now, the company has a total of 23 branches across the country. For details, please refer to the relevant content in "Section II, Company Profile and Key Financial Indicators" of the Company's 2023 Annual Report. Thank you for your interest in the company.
Q: Which of the top 10 shareholders of the company participated in the refinancing business to lend shares? What percentage of shares do they hold? What are the reasons for participation?
A: Dear investors, as of March 31, 2024, among the top 10 shareholders of the company, three shareholders, including China Construction Bank Corporation-Cathay CSI All-Index Securities Co., Ltd. ETF, China Construction Bank Corporation-Huabao CSI All-Index Securities Co., Ltd. ETF, and China Merchants Bank Co., Ltd.-CSI 1000 ETF, participated in the refinancing and lend shares. Details are detailed in the Company's first quarter 2024 report dated April 27, 2024. Thank you for your interest in the company.
Q: Have there been any recent shareholder changes? If so, how has their stake situation changed? Thank you!
A: Dear investors, the company's latest shareholder holdings are detailed in the company's first quarter report for 2024 released on April 27, 2024. Thank you for your interest in the company.
Q: How is the remuneration of directors, supervisors and senior management of the company determined? Do they avoid compensation decisions?
Answer: Dear investors, the remuneration of the company's directors and supervisors shall be decided by the general meeting of shareholders, and the remuneration of senior management shall be decided by the board of directors. The Company has formulated the Basic System of Remuneration Management, and the remuneration management of directors, supervisors and senior management personnel shall be implemented in accordance with the Code of Governance of Securities Companies, the Articles of Association of the Company and the Basic System of Remuneration Management of the Company. The remuneration of the company's directors and supervisors shall be determined with reference to the average level of listed companies in the same industry and the actual situation of the company; The remuneration of the company's senior management is determined by the company's salary system, which is linked to the position and performance. For details, please refer to the relevant content in "Section 4, Corporate Governance" of the Company's 2023 Annual Report. Thank you for your interest in the company.
Q: Does the company have any plans to expand overseas markets in the next few years?
A: Dear investors, the company currently has no plans to expand overseas markets. The Company's specific business plan is detailed in the relevant content of the Company's 2023 Annual Report "Section 3 Management Discussion and Analysis" disclosed on April 27, 2024. Thank you for your interest in the company.
Q: What are the main businesses of Pacific Securities Co., Ltd., a joint-stock company established in Laos? Pacific Securities holds 39% of the company's shares, is there any plan to increase its shareholding? If so, for what reasons?
Answer: Dear investors, the business scope of the company's shareholding company, Lao-China Securities Co., Ltd., is financial advisory, securities investment advisory, securities brokerage, securities proprietary trading, securities issuance and underwriting, and private equity fund management according to investors' trading instructions. If the company is involved in information disclosure, it will fulfill its information disclosure obligations in a timely manner in accordance with relevant laws and regulations. Thank you for your interest in the company.
Q: Are there any other corporate shareholders holding more than 10% of the shares in the company? What is their main business? Are they involved in the company's decision-making and strategic planning?
Answer: Dear investors, the company currently holds more than 10% of the shares of 1 corporate shareholder, Beijing Jiayu Investment Co., Ltd., its main business is the computer industry, electronic high-tech industry, information industry and system network engineering project investment; investment in the transportation industry and commerce; business information consulting; import and export of goods, import and export of technology, import and export of agents; Selling food. The company's business is independent of its shareholders and other businesses under its control. The shareholders of the company shall exercise their rights as shareholders and assume their obligations in accordance with the provisions of relevant laws and regulations and the articles of association of the company. Thank you for your interest in the company.
Q: According to the report, the company's securities investment business has achieved growth, I would like to ask you to introduce the specific aspects of investment that have led to the growth? Is there a clear investment direction or focus area in the investment strategy?
A: Dear investors, the company's securities investment business will grow in 2023, mainly due to the fixed income investment business. The company's fixed income investment business always takes into account the balance of risk and return and liquidity needs, combines the analysis of bond market trends and forward-looking research, rationally allocates funds, invests in bonds with better asset liquidity, higher security and better risk and return, and uses market fluctuations and policy adjustments to obtain higher returns. In the future, the company will continue to do a good job in research and judgment of investment strategies, and strive to continue to create good performance. Thank you for your interest in the company.
Q: What is the growth of the company's investment banking business? Investment strategy or partnership model? Thank you!
A: Dear investors, the company's investment banking business in 2023 will mainly be the growth brought by bond and refinancing business, and the company's investment banking and brokerage business will continue to maintain synergy, and provide three-dimensional services based on the comprehensive financial package needs of customers in terms of contracting. Thank you for your interest in the company.
Q: What is the reason for the resignation of the independent director?
Answer: Dear investors, the independent directors of the company have applied for resignation as independent directors of the fourth board of directors of the company and members of the special committee of the relevant board of directors because they have served for more than six consecutive years. The Board of Directors of the Company will nominate new independent director candidates in accordance with relevant regulations and submit them to the General Meeting of Shareholders for election. Thank you for your interest in the company.
Pacific (601099) main business: securities brokerage business, credit business, securities investment business, investment banking business, asset management business, securities research business, private equity investment fund business, alternative investment business.
According to the first quarter report of Pacific in 2024, the company's main revenue was 278 million yuan, a year-on-year decrease of 40.47%; the net profit attributable to the parent company was 34.8317 million yuan, a year-on-year decrease of 76.61%; deducted non-net profit of 33.6786 million yuan, a year-on-year decrease of 77.47%; The debt ratio was 41.37%, and the investment income was 77.6464 million yuan.
There are no agency ratings on the stock in the last 90 days. Margin data shows that the stock has a net financing inflow of 214 million in the past three months, with an increase in the financing balance, and a net inflow of 66.4278 million with an increase in the balance of securities borrowing and lending.
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