Liao Dan, editor of Yuan Yuan, a journalist
On the evening of May seventeenthCrashteam, Jiangnan Water (SH601199, share price 5Crashteam.61 yuan, market capitalization 5.2 billion yuan), Chengfa Environment (SZ000885, share price 12Crashteam.49 yuan, with a market capitalization of 8 billion yuan) has successively released changes in shareholders' equityCrashteamThe suggestive announcement of.
According to the announcements of the two listed companies, as of the date of disclosure of the announcement, Great Wall Life held 46.7617 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 listing line.
Two listed companies in a row
On May 17, Jiangnan Water issued an announcement that the company received a "simplified equity change report" issued by Great Wall Life on the same day. As of the date of disclosure of the announcement, Great Wall Life increased its stake in Jiangnan Water shares through the secondary market by 46.7617 million shares, accounting for 5.0001 per cent of the company's total share capital. Before this equity change, Great Wall Life held 46.4257 million RMB ordinary shares in Jiangnan Water, accounting for 4.9642% of the company's total share capital.
At the same time, according to an announcement issued by Chengfa Environment, Great Wall Life increased its stake in the company by 399500 shares through centralized bidding in the secondary market, accounting for 0.0622% of the company's total share capital. Prior to this, Great Wall Life already held 31.7048 million shares of Chengfa Environmental shares, accounting for 4.9378 per cent of the company's total share capital.
The proportion of shares held by Great Wall Life in Chengfa Environment has reached 5.0001%, reaching the licensing line.
A reporter from the Daily Economic News noted that this is the second time that Great Wall Life has raised its license to a listed company since 2023 after Zhejiang Jiaoko, Central Plains Expressway and Wuxi Bank.
In response, Great Wall Life said that increasing its holdings in Jiangnan water and Chengfa environment is a long-term investment based on the allocation needs of insurance companies and the allocation value of listed companies, and the funds come from their own funds. After this equity change, Great Wall Life does not rule out the possibility of continuing to increase its stake in Jiangnan Water and Chengfa Environment in the next 12 months on the basis of complying with existing laws, regulations and regulatory documents.
According to public information, the main business of Jiangnan water includes tap water production and sale, tap water drainage and related water treatment business. The environmental protection listed company controlled by Chengfa Environment Henan Investment Group is engaged in harmless disposal and resource utilization of all kinds of 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 expressways and other transportation facilities and supporting industries; and professional services such as engineering design consulting.
The income of Great Wall Life Insurance in the first quarter is 11.28 billion yuan.
Great Wall Life was established on September 20, 2005. it is headquartered in Beijing, with registered capital of 6.219 billion yuan and total assets of more than 100 billion yuan. It has set up 14 branches, 73 third-tier institutions and 135fourth-tier institutions in Beijing, Shandong, Sichuan, Hubei, Qingdao, Henan, Hebei, Jiangsu, Tianjin, Guangdong, Hunan, Anhui, Chongqing and Shaanxi. It has four holding subsidiaries: great Wall Wealth Insurance Asset Management Co., Ltd., Beijing Jinyi Insurance Agency Co., Ltd., Beijing Jin Tongtai Investment Co., Ltd., and Beijing Xinjie Ruichi Enterprise Management Co., Ltd. The main business scope includes life insurance, health insurance, accident injury insurance and reinsurance business of the above insurance business.
Solvency data show that in the first quarter, Great Wall Life achieved an insurance business income of 11.28 billion yuan, a net loss of 355 million yuan, an investment return of 0.91%, and a comprehensive investment return of 1.13%. The comprehensive solvency adequacy ratio and the core solvency adequacy ratio are 151.31% and 75.66% respectively, and the latest comprehensive risk rating is BBB.
Data show that as of March 31, 2024, the company's signed premium income was 12.36 billion yuan, down 13.18% from the same period last year. Among them, the new single-scale premiums totaled 4.94 billion yuan, down 53.25% from the same period last year. The total renewal premium reached 7.421 billion yuan, an increase of 102.21% over the same period last year. Great Wall Life said that by the end of the first quarter of 2024, the company's renewal premiums increased positively compared with the same period last year, while the new single premiums decreased compared with the same period last year, which is in line with the company's strategic development direction, and the overall risk of strategy implementation is controllable.
Cover photo: photo by Liu Guomei, Daily Economic News