Xinqiao Capital and Its Deep Development

From June 5438 to February 2004, Xinqiao Capital acquired 7.89% equity of SDB/KLOC-0 at a price of 3.54 yuan per share, and after becoming the largest shareholder, it promised a five-year lock-up period (the time point is subject to the transfer registration). As of June 2009, Xinqiao Investment owns 520 million shares of SDB, accounting for 65,438+06.76%. At the end of 2004, when Xinqiao entered, the annual net profit of SDB was only 289 million yuan, the capital adequacy ratio and core capital adequacy ratio were 2.30% and 2.32% respectively, and the non-performing loan ratio was as high as 1 1.4 1%. Five years later, the NPL ratio dropped by more than 10 percentage point, the capital adequacy ratio increased from 2% to more than 8%, the asset scale tripled, and the net profit in 2009 was 6 1.9 1 100 million yuan.