On January 3,2020, the CSRC disclosed feedback on refinancing of nine listed companies, including 12 feedback to Zhengzhou Bank, mainly focusing on corporate governance, operational compliance, and so on.
Zhengzhou's proposed increase is back to July 18,2019, and according to the \"Privately Issued A-share Stock Plan\" published on the same day, Zhengzhou's proposed non-public issuance of no more than 1 billion shares, raising no more than 6 billion yuan, which will be used to replenish the bank's core tier-one capital after deducting the related issue fees.
The plan disclosed that the non-public offering was aimed at Zhengzhou Holdings, Bairui Trust and Guoyuan Trading among no more than 10(including 10) specific investors, of which the number of shares subscribed by Zhengzhou Holdings was not less than 100 million shares; the amount subscribed by Bairui Trust was 100 million yuan to 100 million yuan; and the original trade subscription amount was 100 million yuan to 600 million yuan.
According to the 12 feedback opinions disclosed by the CSRC, in the aspect of business development: mainly concerned about the related transactions and corporate governance of Zhengzhou Bank, financial management business risk, interbank business risk, off-balance sheet business risk. Feedback requires zhengzhou bank to explain whether the relevant corporate governance mechanism is established and sound, whether there is a non-related transfer of benefits or profit manipulation through related party transactions, whether there is a pool of funds for major financial products, whether there are \"non-standard\" products in interbank investment and their risk status, and whether it is in accordance with relevant regulatory regulations and requirements.
In terms of asset quality, from 2016 to 2018, the non-performing loan rate of Zhengzhou Bank was%,%,%, and the non-performing loan rate was on the rise. Feedback requires that the reasons and reasonableness of the rise in non-performing loans (NPLs), the risk prevention and response to the rise in NPLs, and the reasons and reasonableness of the decrease in reserve coverage should be supplemented. At the same time, Zhengzhou Bank's operating income rose% year-on-year in 2018, but net profit fell 27% year-on-year, and was also asked to explain the reasons for the change.
According to the latest financial data, Zhengzhou Bank achieved operating income of 100 million yuan at the end of September 2019, a year-on-year increase of%, net profit of 100 million yuan, a year-on-year increase of%, and the net profit in the first three quarters of 2019 has exceeded the full year of 2018 as the bank's net profit fell sharply in 2018. In terms of non-performing loans, although they fell to% at the end of the third quarter of 2019, zhengzhou's bad rate is still high compared to its peers.
In respect of compliance operation, the sfc feedback requests supplementary explanation of the administrative penalty suffered during the reporting period, whether rectification has been completed, whether there is any illegal guarantee to harm the interests of the listed company and its minority shareholders, and whether the signed share subscription agreement effectively protects the interests of the listed company and the shareholders of the listed company.
In December 2015, Zhengzhou Bank listed on the main board of the Hong Kong Stock Exchange, according to the information. In September 2018, Zhengzhou Bank was listed on the Shenzhen Stock Exchange and returned to A-share listing to become the first \"AH\" stock listed city firm.
At present, Zhengzhou Bank has not yet announced the price per share of the fixed increase. But in terms of listing performance, Zhengzhou Bank A-share price performance is not satisfactory. In September 2018, Zhengzhou Bank issued a listing at the yuan \/ share price, the period rose to the highest, as of January 3,2020, Zhengzhou Bank closed, Zhengzhou Bank reported yuan \/ share, the stock price basically returned to the issue price near, excluding the period of one dividend per share, Zhengzhou Bank distance again broke the remaining 5% range.