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ZRT’s Attains H1 Net Profit of 1.057 Billion Yuan
2016.07.19

　　On July 13, JW-CIMS released an unaudited semiannual report concerning its subsidiary, ZRT, and data reveal that ZRT made 2.752 billion yuan in operating revenue and 1.057 billion in net profit by the end of H1. 

　　During the first half of the year, ZRT showed stable financial performance, with total operating revenue dropping by 51 million yuan, but considering the recent replacement of the business tax by VAT, the actual operating revenue dropped only by six million, almost the same as the previous year. 
　　ZRT’s operating expenditure reached 1.441 billion yuan, a rise of 194 million, during the same period, and to improve its ability to expand business and control operating risks, ZRT has enhanced its efforts in recruiting new employees. The number of employees has already increased by over 300 from the previous year, resulting in an increase in remuneration and office rentals, and with the company’s transformation, its charging model has also seen a considerable change. Revenue now mainly comes from back-end fees, but fees are also indeed incurred upfront. As a result of these factors, total operating expenditures rose during the first half of the year and thereby reduced net profit by 148 million yuan.  
　　Insiders believe that trust companies are confronted with great pressure due to slowed economic growth and industrial transformation and upgrading. The leading trust companies maintain a stable situation by relying on diverse business, but medium and small companies will face even greater pressure.  
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BEIJING ZHONGRONG DINGXIN INVESTMENT MANAGEMENT CO., LTD

 

　　Beijing Zhongrong Dingxin Investment Management Co. Ltd. (ZRTDX) is an investment subsidiary wholly owned by ZRT and approved by CBRC with a paid-in capital of 1.5 billion yuan. Filed with the Asset Management Association of China, ZRTDX is a qualified manager of private security funds that provides professional asset management services through the issuance of private funds, being specifically specialized in private equity investments, comprehensive services for public companies, security investments and cash management. ZRTDX has a competent professional team with rich experience in operations, project development and risk management and also has a long-standing record of excellent performance. 

 

Website:

www.zrtdx.com

 

ZHONGRONG FUND

 

　　Zhongrong Fund, formerly known as SSGA Fund, was established after being approved by CSRC on May 16, 2013, finalizing registration in SAIC and obtaining a business license on May 31, 2013. Today, as permitted by CSRC, it is qualified to engage in fund collection and sales, general asset management, asset management for special clients and other related business with a current paid-in capital totaling 1.15 billion yuan.

　　The ownership structure of the company sees ZRT contributing 51% of shares and Shanghai Rongcheng Investment Co. Ltd. contributing 49%. ZRF adopts an improved risk-control system, which targets client demands and follows laws pertaining to fund development, while relying on the powerful strengths of shareholders and utilizing a steady operating style. As it makes its presence known in various aspects and directions, the company strives to create compelling values for its investors and is devoted to providing them with long-term and stable returns. 

 

Zhongrong International Capital Management Limited (HongKong)

 

　　Carrying the No.4 and No.9 licenses issued by SFC, ZRICM is engaged in direct investment and asset management business to provide financing and investment support to both sides of cross-border transactions. Leveraging upon the unique advantages of extensive clients network in China and direct access to international capital market in Hong Kong, ZRICM is specialized in providing integrated financial solutions including direct investment and asset management. 

 

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