China Fortune News On the evening of August 25, Haide Shares (000567. SZ) released its 2021 semi-annual report, achieving operating income of 232 million yuan in the first half of the year, an increase of 46.74% year-on-year; net profit attributable to shareholders of listed companies of 120.0681 million yuan, an increase of 55.34% year-on-year, compared with the same period of history, Haide shares achieved a record high in the first half of this year; and in 2020 affected by the new crown epidemic, Haide shares achieved a net profit of 127.8037 million yuan, an increase of 15.82% year-on-year. It has reached a record high for the year. It is worth noting that the semi-annual report shows that as of June 30, the balance of Haide's business scale reached about 5.8 billion yuan, which also hit a record high, an increase of 25.69% over the end of the previous year. The rapid growth of Haide's profit and business fully demonstrates the strong endogenous power of the company's non-performing asset management business, which opens up space for the company's sustained growth.
Haide is the only listed company in the A-share market that mainly engages in non-performing asset management business and holds a local AMC (asset management company) license. At present, Haide co., Ltd. has basically formed a business model based on the acquisition and reorganization business of non-performing assets, the acquisition and disposal business, the ABS business of non-performing assets and the business of affairs management, of which the acquisition and disposal of non-performing assets and the acquisition and restructuring of non-performing assets have become the main sources of profits of Haide shares in the first half of 2021.
The non-performing asset industry has strong counter-cyclical characteristics. In recent years, in the face of the impact of various emergencies and the complex and changeable financial environment at home and abroad, the downward pressure on the economy is relatively large, while the country continues to reduce leverage, the tone of strong supervision remains unchanged, commercial banks, non-bank financial institutions, government platforms, non-financial enterprises in the period of rapid economic development hidden risks gradually released, in the first half of this year, the overall scale of domestic non-performing assets continued to expand, conservative estimates have been nearly 4 trillion yuan (data from wind, China Asset Management Association website, National Bureau of Statistics), The importance of non-performing asset management companies in resolving economic risks has begun to appear, bringing greater room for development to the participants in the non-performing asset industry.
The good performance of Hyde shares has made it favored by the capital market. According to public data, on August 25, the company's closing price was 12.35 yuan / share, which has risen by about 38.8% this year, higher than -10.5% of the multi-financial sector in the same period, higher than -6% of the CSI 300 index in the same period, and also higher than the 1.57% of the Shenzhen Component Index in the same period.
It is worth noting that the asset-liability ratio of Hyde shares as of the first half of the year was 30.1%, far lower than the level of the same industry. Industry insiders believe that in the non-performing asset management industry that mainly conducts business through capital and leverage, The current debt level of Haide shares is low, and the future business development flexibility is larger; Haide shares have strong vitality, the business scale has reached a record high, and the current opportunity for the development of the non-performing asset management industry is expected to maintain growth in the future; with the continuous disposal of non-performing assets, the company's profits will also be gradually released, and the location advantage of the superimposed free trade port will give the company a financial development dividend. It is expected that the performance will continue to reach new highs in the future.
Recently, Haide shares have been concerned by professional research institutions, Tianfeng Securities released a research report that Haide shares are the only A-share licensed AMC enterprises mainly engaged in non-performing asset management business, the license is scarce, the operating advantages are significant, actively layout the business inside and outside Hainan Province, the use of policy advantages and market-oriented mechanisms to seize the opportunity; its business scope is broad, active innovation, growth flexibility is larger, this year's net profit is expected to reach a new high; Haide shares began to enter the profit release period, the performance will maintain a high-speed growth trend in the next few years. (Yao Meng)
(Note: The above information is for reference only and is not intended as a specific operation recommendation.) The market is risky and investments need to be cautious. ）