華興資本(01911.HK)上半年實現淨利4.07億元 同比增長130.45%
格隆匯 8 月 21日丨華興資本(01911.HK)發佈公告,截至2020年6月30日止6個月,公司實現總收入及淨投資收益11.67億元(人民幣,單位下同),同比增長48.74%;公司擁有人應占期內利潤4.07億元,同比增長130.45%;年化平均權益回報率由上年同期7.1%上升至15.3%。
公告表示,此次報告期間的中期業績中投資收益增長迅速,主要來自於更高回報的集團資本分配(例如投資華興積極管理的基金)。該等投資收益不僅有助於提高盈利,亦與集團的主營業務高度協同,促進其增長。截至2020年6月30日,集團於集團層面準現金為人民幣46億元,其中華菁證券占人民幣25億元。華菁資金使用此前受到牌照限制所以回報較低,但預計將獲益於2020年下半年生效的自營投資和分銷牌照而顯著增加。
此外,集團15.3%的2020年上半年年化平均權益回報率高於預期且並非偶一為的。相比華興資本集團層面(不包括華菁證券)20%的平均權益回報率,由於投資範圍受限,華菁證券自身的平均權益回報率僅為1%。隨着1)未實現附帶權益逐步成為已實現收益;2)華菁證券的資本使用效率和槓桿提高;3)更強大的投資銀行項目儲備,集團有信心保持較高的權益回報率,並對2021年及2022年利潤增長較為樂觀。
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