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行业净利骤降,多家期货公司股权变更,什么信号?

:2024-07-14 09:23:43   :舒彬琪   :161
中期协数据显示,4月期货公司整体份营业收入同比下滑24.51%,净利润同比大降49.79%

近期,有多家期货公司股权发生变更,除券商外有更多现货企业入主期货公司。

受疫情影响,今年4月份期货行业净利骤然大幅下降,业内人士认为近期频现的股权变更,也与原控股期货公司的股东经营出现困难、缺乏现金流有关。

目前大宗商品价格处于历史高位,但中长期来看,下行风险不容忽视。

期货有限公司副总经理景川对第一财经记者表示,随着股东增资,期货公司盈利能力或有所改善,叠加《期货和衍生品法》的颁布,行业规范力度加大,服务实体经济相关业务为重要突破方向。

清仓VS购进

近期有多家期货公司发生股权变更,有的选择清仓,有的则加持股份。

例如,期货近日易主酒业公司。该公司第一大股东湖北美尔雅股份有限公司于5月25日发布公告称,已与正涵投资签署了《股权转让框架协议》,美尔雅拟向正涵投资协议转让其所持有的美尔雅期货45.08%的股权。

公开资料显示,正涵投资是国内保健酒“劲酒”生产商劲牌有限公司旗下全资子公司。如本次交易完成,正涵投资将成为持有美尔雅期货75.06%股权的控股股东。从业绩来看,截至2021年底美尔雅期货实现净利润9159.12万元,同比增长96.19%。

另外,华泰期货将成为的全资子公司。根据股份有限公司5月26日发布公告称,将向华泰证券出售华泰期货40%股权,获得15.9亿元现金,以“优化资产结构,聚焦房地产开发业务”。

公开信息显示,华丽家族所持有的华泰期货40%股权为2015年从西藏华孚投资有限公司收购所得。2021年报显示,华泰期货报告期内实现净利润3.68亿元,同比增长66.61%。

还有多家期货公司因股权变更而更名。招金期货5月20日发布公告称,公司名称变更为“山东齐盛期货有限公司”。就在去年3月,良运期货因股权变更,更名为恒力期货。

此外,今年5月以来,浙商期货、期货、华泰期货、银河期货等纷纷传出增资消息。

宝城期货金融研究所所长程小勇认为,近期期货公司股权变更频繁,一方面是券商加大对旗下期货业务的布局,部分实体企业也开始参与期货交易;另一方面受疫情影响,部分原先控股期货公司的股东因经营不善,可能被迫转让期货公司股权。

行业盈利腰斩

值得注意的是,今年4月份期货行业净利遭遇“腰斩”。

根据近日中国期货业协会披露的4月期货公司经营情况,截至2022年4月末,全国共有150家期货公司,分布在31个辖区。4月份行业整体交易额为40.77万亿元,交易量4.69亿手,净利润4.89亿元,同比下降49.79%,环比下滑60.22%。

业内人士分析,受行情和宏观因素影响,近期期货市场交易量和持仓量有所下降,且资本市场疲软、期货公司投资收益降低,导致行业盈利水平突降。通联数据Datayes!统计显示,行业一季度盈利能力明显下滑。

经营数据方面,中期协数据显示,4月期货公司整体份营业收入同比下滑24.51%,手续费收入下滑4.81%,净利润同比大降49.79%。今年前4个月,期货公司净利润合计31.45亿元,同比增长0.12%。

从商品市场表现来看,南华商品指数年内触及历史高位2569.47点,而跟踪大宗商品类股票整体表现的中证商品指数2022年初至今下累计跌超7%。首席FICC分析师明明认为,2022年或是大宗商品见顶之年。

明明预计,2023年随着全球海外主要经济体紧缩政策的陆续落地,大宗商品价格有望逐步回落,但相较2019年疫情爆发前的水平,其价格绝对值处于高位的持续时间或长于预期。

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