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Ranking of main operating indicators of trust and investment companies in 2005
Top 10 net profits (unit: 10000 yuan)
Top 10 profit per capita (unit: 10000 yuan)
Top 10 operating revenue (unit: 10000 yuan)
Top 10 in asset quality
Top 10 return on capital
Top 10 return on assets
Trust business income accounts for the top ten
Top 10 trust returns
Top 10 trust assets (unit: 10000 yuan)
Collective fund trust project
Top 10 countries with weighted average real income rate
Xing Cheng
The trust sector has taken shape
2005 is the second year for trust companies to carry out information disclosure. As of April 30, except Aijian Trust, which has not disclosed its annual report temporarily after being approved by the Shanghai Banking Regulatory Bureau due to major restructuring, the remaining 46 trust companies have CBRC It is required to complete the information disclosure within the specified time. Judging from 46 annual reports, the comprehensiveness and standardization of information disclosure have been greatly improved compared with that of the previous year. The information disclosure work has reached a new level, and the information disclosure level of the trust industry has taken the lead in the financial industry. In the information disclosure work in 2004, the problems of inconsistent statistical caliber, inconsistent disclosure content and inconsistent format have been significantly improved and solved, and the comparability of data has been further enhanced.
The data shows that nearly 87% of trust companies accounting for 84% of all operating trust institutions made profits in 2005, and the industry loss rate was only 13%; More than 60% of the company's total profits increased by more than 20%; More than 67% of the company's net profit has increased by more than 20% in two years; The trust assets of more than 65% of the companies increased by more than 20%, and the highest growth rate of SDIC Hongtai reached 15365.27%. All the data in the annual reports disclosed by 46 trust companies in 2005 show that after nearly four years of experience since the introduction of the "one law and two regulations", China's trust industry has substantially achieved a new leap in history. It has cleared up the haze that has long been hanging over the trust industry for five times in the history of development. Its main operating indicators and financial indicators are outstanding in the whole financial industry, The whole society was impressed and the trust sector took shape.
The scale effect of trust main business needs to be formed
In 2005, the scale of trust assets of 46 trust companies reached 206499.81 million yuan, with an average of 4489.13 million yuan, an increase of 36.41% over the average of 3290.96 million yuan of 33 trust companies in 2004. There are as many as 33 companies whose growth rate exceeds 10%, and 21 companies whose growth rate exceeds 50%; Only 10 companies experienced different degrees of decline. In 2005, 46 trust companies realized a total of 7029.11 million yuan of trust profits, with an average of 152.81 million yuan, up 49.96% from 101.52 million yuan in 2004. It can be seen that in 2005, most trust companies not only did not marginalise their main business of trust, but also generally made considerable progress.
But it is worth our attention and must be pointed out that the two indicators associated with the above indicators are the distributed trust profits and the trust return rate, which reveals the development direction and constraints of the current trust business profit model of trust companies from another aspect. In 2005, 46 companies distributed a total of 5769740000 yuan of trust profits, accounting for almost 90% of the total trust profits. In other words, most of the trust profits realized by trust companies were distributed to the trustors. Correspondingly, the trust return rate of 46 trust companies in 2005 was only 0.91% on average, with the highest being 3.16% of Chongqing Guotou, and the lowest being 0.02%.
From this point of view, although the main business of trust companies was further highlighted in 2005, the scale of trust assets and trust profits increased significantly. However, on the one hand, due to the low rate of return on trust, it leads to "high yield but poor harvest", and the contribution rate of trust profits to the company's net profits is low; On the other hand, it also shows that if the level of management commission is difficult to increase significantly in the short term, one of the ways for trust companies to expand the profit scale of their main business is to expand the management scale of trust assets on a large scale, enlarge the base of trust assets, and thus produce scale effects. Of course, the fundamental way for trust companies to gradually form a trust core profit model is to further increase the scientific and technological content and added value of trust business, comprehensively improve the investment management ability and asset management ability of trust companies, and then improve the yield.
The business model tends to be diversified
A hot topic in the industry is how to build the core business model of trust companies, and whether there is a unified and ideal business model in the trust industry. Perhaps the answer is yes from the perspective of medium - and long-term development. However, the annual reports of 46 trust companies in 2005 gave another very realistic answer, though not very gorgeous: it is unrealistic to establish the so-called ideal business model across the board at this stage. Survival is the first, and then development. Therefore, in 2005, according to their own characteristics and advantages, each trust company will show its ability and carry out its business according to local conditions, which has become inevitable. Among them, there are both inherent property management and trust business; There are both industrial fields and capital markets; There are both loan application and equity investment. As for specific investment fields, there are many categories, with different focuses. There is basically no fixed law to follow in asset utilization and distribution structure.
By comparing the data of 46 trust companies' proprietary assets and the use of trust assets, there is a big difference between proprietary assets and the use of trust assets: the proportion of monetary assets is 16% and 5% respectively, and the difference between the two indicators is more than three times, indicating that trust companies' trust assets have a higher capital utilization rate; The loan assets accounted for 23% and 62% respectively, a difference of three times, indicating that trust companies are more stable in the use of trust assets; The proportion of long-term investment is 34% and 18% respectively, which is double, indicating that trust companies prefer long-term use of proprietary assets, while long-term use of trust assets is not the focus; Other application methods account for 15% and 8% respectively, which is double, indicating that trust companies use proprietary assets more comprehensively and extensively, while trust assets are relatively concentrated.
In terms of asset distribution, proprietary assets and trust assets also have similar characteristics. Trust companies' proprietary assets are more invested in high-risk fields such as industry and securities; Trust assets are more invested in basic industries and real estate The high and low risks are matched and combined, and other investments account for 40% and 37% respectively. The indicator values are both high and comparable, indicating that the investment directions of trust companies' proprietary assets and trust assets are very dispersed.
Among self operated assets, 25 companies are involved in basic industries and 36 companies are involved estate 35 companies are involved in securities investment and 42 companies are involved in industrial investment. Among them, there are 18 basic industries, 20 real estate, 26 securities, and 34 industries whose asset utilization ratio is more than 5%.
Of course, although it is understandable at this stage that the business model is highly differentiated, the investment field is too decentralized, and the sources of profits are diversified, from the perspective of long-term trends, trust companies may still need to continue to explore and explore, and finally truly form a competitive and sustainable core business model.
List of self operated assets of trust industry
Monetary asset loans, short-term investments, long-term investments, other purchases of anti sale assets
Application of proprietary assets 15.75% 23.01% 11.93% 34.27% 14.99%
Application of trust assets 5.07% 62.19% 3.91% 17.97% 7.7% 3.3%
Basic industry Real estate Securities industry Others
Application of proprietary assets 8.93% 8.06% 13.47% 29.65% 39.89%
Trust asset utilization 25.23% 18.18% 4.07% 15.4% 36.51%
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