On June 5, Sanliu Safety Technology Co., Ltd. (Sanliu, 601360) issued an announcement saying that it was planned to be subject to the transaction price of 1.42388 yuan/share. Let the five original shareholders of Tianjin Jincheng Bank hold a total of 900 million shares, with a total transaction value of 1.281492 trillion yuan. After the completion of the transaction, the three or sixty will directly hold 30% of Tianjin Jincheng Bank’s shares and become its largest shareholder. . The above-mentioned transaction still needs to fulfill the procedures of the general meeting of shareholders, and requires the final approval of the relevant regulatory authorities such as the China Banking Regulatory Commission.
Why invest in Tianjin Jincheng Bank?
said that the proposed investment in Tianjin Jincheng Bank was mainly based on the good development opportunities and market prospects of private banks. Both parties will focus on fintech innovation and Internet inclusive finance, complement each other’s advantages and strategic cooperation in a wider range, and strive to achieve new breakthroughs in business expansion, operational efficiency improvement, and risk management improvement.
Three hundred and sixty claims that it provides in areas such as secure brain, artificial intelligence, big data, cloud computing, IoT, blockchain, anti-fraud, Internet customer acquisition Technology empowerment will help Tianjin Jincheng Bank to better adapt to the new needs of Internet-based development, and effectively improve data risk control capabilities and technological innovation capabilities.
“Three hundred and sixty massive user resources and rich Internet application scenarios will also help Tianjin Jincheng Bank to further optimize resource allocation and continue to increase user scale and small and micro service capabilities , To create an Internet Pratt & Whitney bank that focuses on individual consumers and small and micro businesses.” Sanliu wrote in the announcement.
The equity transfer party is 5 original sponsor shareholders
Tianjin Jincheng Bank commenced operation on April 27, 2015 with a registered capital of 3 billion yuan , Established by 16 promoters, all of which are private capital. Among them, Tianjin North China Group Co., Ltd. and Maigou (Tianjin) Group Co., Ltd., as the main sponsors, hold 20% and 18% of the shares respectively.
The announcement shows that all parties to this equity transfer As the original shareholders of Tianjin Jincheng Bank, Tianjin Detai Supply Chain Management Co., Ltd., Tianjin Xiehe New Energy Development Co., Ltd., Tianjin Meijin Asset Management Co., Ltd., Tianjin Tianli Aspect Trading Co., Ltd. and Shengxin (Tianjin) Assets Management Co., Ltd., these five companies hold 6% of Tianjin Jincheng Bank shares, a total of 30%.
Jincheng Bank’s net profit in 2019 increased by 15.5%, and the NPL ratio was 1.12%
According to the Tianjin Jincheng Bank’s 2019 annual report, as of the end of December 2019 The total assets of Tianjin Jincheng Bank reached 30.706 billion yuan, an increase of 44% year-on-year; in 2019, the operating income of Tianjin Jincheng Bank was 737 million yuan, an increase of 30.21% year-on-year; net profit was 176 million yuan, an increase of 15.5% year-on-year.
In terms of asset quality, as of the end of 2019, Tianjin Jincheng Bank’s non-performing loan balance was 165 million yuan, with a non-performing loan rate of 1.12%, a year-on-year increase of 0.3 percentage points; provision The coverage rate was 152.37%, a year-on-year decrease of 350.87 percentage points; the capital adequacy ratio was 16.65%.
Behind the private banks, the Internet giants blessings are indispensable
After the completion of the transfer of Tianjin Jincheng Bank’s shares, as the domestic Internet head enterprise, three or sixty will become The largest shareholder of Jincheng Bank.
Actually, the private banks that have done well in the country are all behind the blessings of Internet giant shareholders. According to the surging news statistics, as of the end of 2019, of the 19 private banks that have been approved to open, 14 private banks have started to make profits. Among them, Weizhong, online merchants, and new online banks rank among the top three in terms of profitability. All three private banks have Internet shareholder background: WeChat Bank’s largest shareholder is Tencent; Netcom Bank’s largest shareholder Ant Financial, backed by Ali; Xinwang Bank’s second largest shareholder is Xiaomi’s wholly-owned subsidiary Yinmi Technology.
In addition, among private banks, Suning Bank’s largest shareholder is Suning YunBusiness; Yealink Bank positioning life services, its second largest shareholder is Jilin Sankuai Technology, a wholly-owned subsidiary of Meituan.
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