On the same day, two A-share listed companies disclosed the announcement of being listed by insurance funds!
On the evening of May 17, Jiangnan Water and Urban Development Environment successively issued indicative announcements on changes in shareholders' equity. According to the announcements of the two listed companies, as of the disclosure date of the announcement, Great Wall Life Insurance held 46.761 million shares and 32.1043 million shares of the two companies respectively, accounting for 5.0001% and 5.0001% of the company's total share capital, reaching the holding line.
Great Wall Life raised two listed companies
According to the announcement of Jiangnan Water, as of the disclosure date of the announcement, Great Wall Life increased its holdings of 46.7617 million shares of the company through the secondary market, accounting for 5.0001% of the company's total share capital. Jiangnan Water said that this equity change is a long-term investment made by Great Wall Life based on the company's own allocation needs and the company's allocation value, and the funds come from its own funds.
Image source: Jiangnan Water Announcement
Urban Development Environment announced that on May 16, Great Wall Life increased its holdings of 399,500 shares of the company through centralized bidding in the secondary market, accounting for 0.0622% of the company's total share capital.
Urban Development Environment said that Great Wall Life originally held 31,704,800 shares of the company, accounting for 4.9378% of the company's total share capital, and held a total of 32,104,300 shares of the company after the increase, accounting for 5.0001% of the company's total share capital.
Image source: Urban Development Environmental Bulletin
According to the relevant regulations, Great Wall Life's shareholding ratio in Jiangnan Water and Urban Development Environment has reached the conditions for listing.
Jiangnan Water and Urban Development Environment stated in the announcement that after the change in equity, the information disclosure obligor does not rule out the possibility of continuing to increase its holdings of listed companies in the next 12 months on the basis of complying with the current effective laws, regulations and normative documents.
Provide long-term and stable financial support
According to public information, Great Wall Life Insurance is a national life insurance company approved by the former China Insurance Regulatory Commission, formally established on September 20, 2005, the company is headquartered in Beijing, with a registered capital of 6.219 billion yuan and total assets of more than 100 billion yuan.
The relevant person in charge of Great Wall Life told the China Securities Journal and China Securities Taurus reporter that the raising of the two listed companies this time is an important embodiment of the company's practice of the long-term investment concept of insurance funds, the promotion of the long-term healthy development of listed companies, and the role of insurance funds in patient capital.
The person in charge said that based on its firm confidence in the future development prospects of Jiangnan Water and Urban Development Environment, as well as the recognition of its leading position in the industry, Great Wall Life has become one of the important shareholders of listed companies by raising its card, which can not only provide long-term and stable financial support for listed companies and stabilize their market prices, but also effectively alleviate the pressure on their own asset allocation, achieve mutual benefit and win-win results for both parties, and reflect the important functions of financial service entities.
According to public information, Jiangnan Water was established in 2003, its predecessor was established in 1966 Jiangyin City Waterworks, mainly engaged in tap water production and sales, drainage and related water treatment business, water supply engineering design and technical consultation, water quality testing, water meter measurement and testing and investment in the public infrastructure industry, is a state-owned holding listed enterprise.
In 2023, Jiangnan Water will achieve operating income of 1.364 billion yuan, a year-on-year increase of 7.57%; The net profit attributable to the parent company was 323 million yuan, a year-on-year increase of 15.32%.
Urban Development Environment is an environmental protection listed company controlled by Henan Investment Group, and its business involves the harmless disposal and resource utilization of various low-value wastes such as domestic waste, kitchen waste, and municipal sludge. investment, construction and intelligent operation of urban water supply, sewage and clean heating projects; investment, construction and operation of transportation facilities such as expressways and supporting industries; Engineering design consulting and other professional services.
In 2023, the urban development environment will achieve operating income of 6.522 billion yuan, a year-on-year increase of 2.61%; The net profit attributable to the parent company was 1.075 billion yuan, a year-on-year increase of 1.78%.
This year, four listed companies have been listed by insurance funds
According to the reporter, since the beginning of this year, four listed companies have been listed by insurance capital, of which three listed companies have been raised by Great Wall Life.
On the evening of January 11, Wuxi Bank announced that as of the date of the announcement, Great Wall Life held 108 million shares of the bank, accounting for 5% of the bank's total share capital. Subsequently, Great Wall Life Insurance continued to increase its stake in Wuxi Bank. According to the first quarterly report of Bank of Wuxi, as of the end of the first quarter of 2024, Great Wall Life held 6.97% of the shares of Wuxi Bank, making it the third largest circulating shareholder of Wuxi Bank.
According to the disclosure of Great Wall Life, as of May 17, Great Wall Life has equity shares of more than 5% of the company's issued shares in other listed companies at home and abroad, including Financial Street, Zhejiang Jiaotong Branch, Zhongyuan Expressway, Wuxi Bank, Jiangnan Water, and Urban Development Environment.
In addition to Great Wall Life, Zijin Insurance also raised its Huaguang Halo Energy brand at the beginning of this year. "The investment in Huaguang Huaneng not only effectively realizes the preservation and appreciation of state-owned assets, but also actively optimizes the asset allocation structure of insurance funds." The relevant person in charge of Zijin Insurance said.
The State Council issued the "Several Opinions on Strengthening Supervision and Preventing Risks and Promoting the High-quality Development of the Capital Market", which proposes to optimize the policy environment for equity investment of insurance funds, implement and improve the performance evaluation methods of state-owned insurance companies, and better encourage long-term equity investment. Improve the regulatory system for equity investment of insurance funds, and optimize the information disclosure requirements of listed insurance companies. Industry insiders believe that insurance capital, as an important long-term fund, actively allocates equity at an appropriate time, which will help activate the capital market and boost investor confidence.
Reviewer: Ye Siqi Editor: Ya Wenhui Proofreader: Zhang Lijing
Producer: Song Zhaoqing Issued by: Sun Hong