Why do listed companies in China buy many wealth management products?

Many listed companies have a large amount of deposited funds, and you can see many similar announcements as long as you look through the information disclosure of listed companies. For example, Deli shares 20 14 issued an announcement to use part of the idle raised funds 1 100 million yuan to purchase wealth management products; Love the announcement, increase idle self-owned funds by 50 million yuan to buy bank wealth management products. 2016110 in October, more than 90 listed companies announced the purchase of wealth management products, of which more than 60 invested funds included idle raised funds.

Why are listed companies keen to buy wealth management products?

The company's reason is usually this: in order to further improve the utilization rate of funds, rationally use idle funds and increase the company's income. This statement is not unreasonable, because most listed companies put the safety of funds in the first place when purchasing wealth management products, and most of them choose low-risk wealth management products, with the shortest term of 7 days and the longest term of 1 year, and the annualized rate of return is about 3%-4%. Such a calculation,? The financial interest of 100 million yuan a year is: 65.438+0 billion yuan * 3% = 3 million yuan, which is a net profit and basically has no human and material costs. Very cost-effective.

However, as an investor, we should not listen to the statements of listed companies, but should examine the company's operation. Through the summary of many cases, we can see that listed companies are keen on bank financing for two reasons. First, wealth management products have high returns and quick profits; Second, the growth space of the main business is limited, the operating profit is difficult, and the development momentum of enterprises is insufficient. The risks revealed are as follows:

First of all, the funds raised by listed companies to the public flow to the "wealth management market", which goes against the original intention of our investors. Investors buy stocks in the hope that enterprises will gain long-term profits through operation, improve the company's valuation and make the stock price rise and profit. And some companies don't do business innovation and improvement when their main business is depressed, but buy wealth management products and use Qian Shengqian. In fact, there is a certain waste of funds.

Secondly, all investments are risky. When listed companies buy "wealth management products" with investors' money, it is nothing more than passing on the risks of wealth management products to "people who buy stocks". Seek advantages and avoid disadvantages!

In addition, to some extent, those "financial professionals" in listed companies are a kind of "lazy" investment behavior, which reflects the lack of enterprising spirit of company executives.

By the way, there are risks in entering the market, so you must be cautious in investing!