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Trust under the annual report - China Resources Trust

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Trust under the annual report - China Resources Trust

Hello everyone,This is the third season of my trust evaluation.,You can flip through the relevant collections in the past (some articles may be sensitive and forced to be deleted.,If you're interested, you can send a private message)

Trust under the annual report - China Resources Trust

It was established on August 24, 1982, formerly known as Shenzhen Trust and Investment Company, with a registered capital of RMB 58.13 million.

On May 24, 1984, with the approval of the People's Bank of China, it was renamed Shenzhen International Trust and Investment Corporation with a registered capital of RMB 100 million, officially becoming a non-bank financial institution, and at the same time obtaining the qualification to operate foreign exchange financial business.

On March 21, 1991, with the approval of the People's Bank of China, it was renamed Shenzhen International Trust and Investment Company, with a registered capital of RMB 280 million, of which foreign exchange capital was USD 12 million.

On April 2, 2002, with the approval of the People's Bank of China, it re-registered and received the "Trust Institution Legal Person License", with a registered capital of RMB 2.000 billion, of which foreign exchange capital was USD 50 million. At the same time, the company changed its name to Shenzhen International Trust and Investment Co., Ltd.

On March 14, 2005, the State-owned Assets Supervision and Administration Commission of Shenzhen Municipal People's Government (hereinafter referred to as "Shenzhen SASAC") was registered as the controlling shareholder of the Company.

On October 17, 2006, China Resources Co., Ltd. (hereinafter referred to as "China Resources Co., Ltd.") signed the "Equity Transfer and Capital Increase Agreement" with Shenzhen SASAC and others, after the registration of equity change, China Resources Co., Ltd. holds 51% of the company's equity, Shenzhen China Resources Shenzhen Guotou Trust Co., Ltd. 2023 Annual Report 3 Shenzhen SASAC holds 49% of the company's equity, and the company's registered capital has increased to RMB 2.63 billion. On October 23, 2008, with the approval of the China Banking Regulatory Commission, the company changed its name and business scope, renewed its financial license, and changed its name to China Resources Shenzhen Investment Trust Co., Ltd. (hereinafter referred to as "China Resources Trust").

On June 7, 2016, the company increased its registered capital with capital reserve, surplus reserve and undistributed profit of RMB 3.370 billion, and the paid-in capital increased to RMB 6.000 billion.

On May 29, 2018, with the approval of the Shenzhen Supervision Bureau of the China Banking Regulatory Commission, the company increased its capital by RMB 5.000 billion from undistributed profits, and the paid-in capital of the company increased from RMB 6.000 billion to RMB 11.000 billion after the capital increase, and the proportion of shareholders' capital contribution remained unchanged.

On September 20, 2019, with the approval of the Shenzhen Supervision Bureau of the China Banking and Insurance Regulatory Commission, the Shenzhen SASAC transferred 49% of the equity of the company to Shenzhen Investment Holdings Co., Ltd. ("Shenzhen Investment Holdings") free of charge.

On July 31, 2020, with the approval of the Shenzhen Regulatory Bureau of the China Banking and Insurance Regulatory Commission, China Resources Co., Ltd. transferred its 51% equity interest in the Company to China Resources Financial Holding Investment Co., Ltd. (hereinafter referred to as "China Resources Financial Holding") by way of capital increase. At present, China Resources Financial Holding holds 51% of the company's equity, and Shenzhen Investment Holding holds 49% of the company's equity.

Registered address: 10-12th Floor, Tower 3, Kerry Properties Plaza, No. 1-1 Zhongxin 4th Road, Futian District, Shenzhen

Name of information disclosure newspaper: Securities Times, Shanghai Securities News

The company's net capital: all in line with regulatory requirements

Trust under the annual report - China Resources Trust
Trust under the annual report - China Resources Trust

Shareholders of China Resources Trust include China Resources Co., Ltd. (51%),

State-owned Assets Supervision and Administration Commission of Shenzhen Municipal People's Government (49%).

Trust under the annual report - China Resources Trust

The actual controller of CR Trust is the State-owned Assets Supervision and Administration Commission of the State Council. In terms of shareholder background, the trust is a representative of the national team

Trust under the annual report - China Resources Trust
Trust under the annual report - China Resources Trust

This chart is a list of the latest investment directions of Qichacha

During the reporting period, the company's trust assets are used and distributed as follows, mainly in the form of transactional financial assets, loans, etc.:

Trust under the annual report - China Resources Trust
Trust under the annual report - China Resources Trust

From the icon, it can be seen that the trust company has perfectly incarnated a standardized product trust, and there is no gap with the brokerage I specially inquired about the income of securities products This result is more interesting

Trust under the annual report - China Resources Trust

The following figure shows the distribution of the use of inherent funds: inherent business refers to the investment activities carried out by using the company's inherent funds, including but not limited to investment in the company's trust products, equity investment, investment in other financial products, etc., as well as carrying out credit business in accordance with the principle of the company's inherent capital use, including but not limited to interbank lending, loans (including bridge loans), credit enhancement, guarantees, etc

Trust under the annual report - China Resources Trust
Trust under the annual report - China Resources Trust

Inherent funds are invested in financial institutions, real estate, and so on

Trust under the annual report - China Resources Trust

According to the annual report, the top five loan customers are basically real estate enterprises, and the shareholder of Yuanyang Yang Investment is Sino-Ocean Capital

Trust under the annual report - China Resources Trust

Litigation situation:

Public information inquiries about the trust company's breach of contract are all clichéd real estate projects, and lawsuits from Shimao and Kaisa real estate projects have been added to the litigation records.

Trust under the annual report - China Resources Trust
Trust under the annual report - China Resources Trust
Trust under the annual report - China Resources Trust

The net profit of the parent company in 023 will be 1251.5093 million yuan; The consolidated net profit was 1555.5273 million yuan, of which the net profit attributable to the owners of the parent company was 1555.2092 million yuan. The company distributed the net profit of the parent company of 1251.5093 million yuan realized this year, of which: 125.1509 million yuan of statutory surplus reserve and 62.5755 million yuan of trust compensation reserve; Withdrawal of general risk reserve of 321.977 million yuan

Revenue ranked 7th, down 8% year-on-year

Trust under the annual report - China Resources Trust

Ranked first in the scale of managed trusts, with an increase of 56.66%

Trust under the annual report - China Resources Trust

Net profit ranked 9th, down 39% year-on-year

Trust under the annual report - China Resources Trust

The securities market ranks first in terms of market size

Trust under the annual report - China Resources Trust

Through the above data analysis, it is not difficult to see that China Resources Trust is already a brokerage company in the trust, with a high proportion of standardized products, which is the trust company that the regulator hopes to see. However, in the long run, it is unknown whether the trust license will be meaningful

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