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Founder Securities’ net profit in March was downgraded for ten years.1%, credit impairment 3.51 billion

Founder Securities’ net profit in March was downgraded for ten years.1%, credit impairment 3.51 billion
It is said that the March 2020 financial data briefing released on the afternoon of April 9 showed that Founder Securities (stock code: 601901).SH) Total revenue achieved in March 6.2.4 billion, a decrease of 10.22%, decreasing by 1 every year.57%; net profit 297.970,000 yuan, a decrease of 98.97%, a decrease of 99 per year.11%.As of March 2020, Founder Securities gradually realized net profit.One billion yuan, a decrease of 29 per year.31%; achieved a total revenue of 16.2.9 billion, an annual increase of 15.12%.The performance gains in the current period were mainly due to a total of about 3 credit losses of Founder Securities in March.5.1 billion yuan, a net profit reduction of about 2.6.3 billion yuan.Recently, Founder Securities was closed 2.Luo Shengmen with 300 million trust funds.In January 2019, CITIC Trust released a loan of US $ 2.5 billion to the enterprises of Founder Group, and Founder Group provided guarantee guarantee for the financing.After October of that year, CITIC Trust and the enterprises of the Founder Group determined the business plan of “borrowing the old and returning the old” as the enterprises of the Founder Group replaced all repayments as agreed.One month later, Founder Group will receive CITIC Trust 2 on the same day.The US $ 300 million loan is related to repaying part of the debt to CITIC Trust on behalf of its affiliated company.However, on March 10 this year, the founder of Founder Securities announced that it had recently discovered that it had subscribed for an additional issue of the Sino-Ocean Hongsheng Trust Plan2.The trust funds of US $ 300 million were used by the trustee CITIC Trust to issue loans to Founder Securities’ controlling shareholder Peking University Founder Group.CITIC Trust stated that the use of funds in the trust plan conforms to the provisions of the trust contract.Soon after the incident, on the evening of March 19, Founder Securities once again issued an announcement that the funds were “recovered”.According to the announcement, Founder Securities and CITIC Trust signed an “Agreement” on the same day, and both parties agreed to terminate the trust contract.On the same day, Founder Securities received funds 2.310,000 yuan (including capital occupation fee 131.690,000 yuan).Sauna, Yewang Zhang Siyuan Editor Yue Caizhou proofreading Li Xiangling