Financial Services Association, January 26 (Reporter Peng Kefeng) Another financial leasing company's shareholding structure has changed. This time it involves GCL Energy Technology, a listed company in the photovoltaic sector.

On the evening of January 25, the State Financial Supervisory Administration released news showing that Xuzhou Hengxin Financial Leasing Co., Ltd. (hereinafter referred to as Hengxin Financial Leasing) equity transaction was approved. The supervisory authorities agreed that Xuzhou Mining Group Co., Ltd. will transfer 735 million shares of Hengxin Financial Leasing held by GCL Smart Energy (Suzhou) Co., Ltd. and 137.2 million shares of Hengxin Gold Rental held by Xuzhou Construction Machinery Group Co., Ltd. After the deal, Xuzhou Mining Group Co., Ltd. became the majority shareholder.

According to iQi survey data, GCL Smart Energy (Suzhou) Co., Ltd. is a subsidiary that is absolutely controlled by GCL Energy Technology Co., Ltd. (hereinafter referred to as GCL Energy Technology). Meanwhile, GCL Energy Technology Co., Ltd. is a subsidiary of GCL (Group) Holdings Co., Ltd. Its main business is digital energy business and clean energy business. It is also a listed company on the Shenzhen Stock Exchange.

Furthermore, according to the official website of the China Financial Supervision and Administration, since last year, there have been a total of 8 administrative licenses involving equity changes in financial leasing companies, involving 6 financial leasing companies, including Beiyin Gold Leasing, Suzhou Gold Leasing, Hebei Gold Leasing, Changjiang United Gold Leasing, Shanxi Gold Leasing, and Hengxin Gold Leasing.

Private enterprises withdraw from state-owned assets to take over Hengxin Financial Rent

On January 26, a Finance Association reporter checked the official website of Hengxin Financial Leasing and found that Xuzhou Hengxin Financial Leasing Co., Ltd. was established on October 14, 2016, co-sponsored by GCL Smart Energy, XCMG Group and Guosheng Group. It is the fifth financial leasing company established in Jiangsu Province and the first national financial leasing headquarters in northern Jiangsu. Currently, its majority shareholder is GCL Smart Energy (Suzhou) Co., Ltd.

However, the reporter did not find the specific shareholding status of shareholders such as GCL Smart Energy (Suzhou) Co., Ltd. on its official website.

In the approval, the State Financial Supervisory Administration stated that after the equity transfer, the names of Hengxin Financial Leasing's shareholders, investment amount, and investment ratio were as follows: Xuzhou Mining Group Co., Ltd., with an investment amount of 87.2 million yuan, with an investment ratio of 49%. Xuzhou Construction Machinery Group Co., Ltd. invested 577.8 million yuan, with an investment ratio of 32.46%. Xuzhou Guosheng Holding Group Co., Ltd., invested RMB 330 million, with an investment ratio of 18.54%.

According to public information, Xuzhou Mining Group Co., Ltd. is the only large-scale state-owned energy industry enterprise in Jiangsu Province, a national coal emergency reserve base, the top 500 Chinese enterprises, the top 30 global comprehensive competitiveness of coal companies, and the top 500 global competitiveness of energy enterprises.

According to iEnterprise Research data, GCL Smart Energy (Suzhou) Co., Ltd. was previously the largest shareholder of Hengxin Financial Leasing, holding 41.29% (735 million shares), XCMG Group holding 40.16% of the shares, and Guosheng Group holding 18.54% of the shares. In comparison, it can be seen that after the regulatory authorities approve and complete the transaction, GCL Smart Energy (Suzhou) Co., Ltd. will completely withdraw, and Xuzhou Mining Group Co., Ltd. will become the largest shareholder. Hengxin Financial Leasing will also switch from a privately held financial leasing company to state-owned assets control.

It concerns the listed company GCL Energy Technology's share structure changes since last year for 6 financial leasing companies

A Financial Services Association reporter inquired about GCL Energy Technology's last three quarterly reports and found no financial data directly related to Hengxin Financial Lease. GCL's three-quarter report only indicates that as of September 30, 2023, the company's total assets were RMB 28.481.4969 million, a decrease of 4.86% from the end of the previous year; owners' equity attributable to shareholders of listed companies was RMB 10,074.795.48 million, an increase of 4.00% over the end of the previous year. From January to September 2023, the company achieved operating income of 859,30918 million yuan, an increase of 8.82% over the same period of the previous year; total profit of 115,946 million yuan, an increase of 41.51% over the same period of the previous year; and net profit attributable to shareholders of listed companies of 926.094 million yuan, an increase of 40.42% over the same period of the previous year.

In addition, according to public information, in 2022, Hengxin Financial Leasing achieved operating income of 116 million yuan, a year-on-year decrease of 31.4%, and a net loss of about 239 million yuan for the whole year.

Since the beginning of this year, in addition to Hengxin Gold Lease, there have also been adjustments to the equity structure of BeiBank Gold Rental. On January 2, regulatory approval documents showed that after Beijing Bank Financial Leasing increased its registered capital, the company's equity structure changed to Bank of Beijing Co., Ltd.'s investment amount of RMB 360,193104.17, with an investment ratio of 86.75%; Liqin Investment Co., Ltd. invested RMB 55,000,000, with an investment ratio of 13.25%.