Sino-French Life was renamed Xiaokang Life. Can contemporary Amperex Technology Co., Ltd. reappear after capital increase?

Recently, the new energy giant Contemporary Amperex Technology Co., Ltd. invested 900 million yuan in Sino-French Life Insurance (now renamed "Xiaokang Life Insurance"), with a shareholding ratio of 30%.

On July 27th, 20021year, the interim information disclosure report of Sino-French Life Insurance showed that with the approval of China Banking Regulatory Commission and Beijing Municipal Market Supervision Administration, the shareholders of the former Sino-French Life Insurance Co., Ltd. changed, and the company was officially renamed as Xiaokang Life Insurance Co., Ltd.. In addition, the registered capital of the company was changed from 200 million yuan to 3 billion yuan.

The shareholders of the company were changed to Shang Hong Industrial Holding Group Co., Ltd. (hereinafter referred to as Shang Hong Group), Contemporary Ampere Technology Co., Ltd., New Energy Technology Co., Ltd. (hereinafter referred to as Contemporary Ampere Technology Co., Ltd.), Qingshan Holding Group Co., Ltd. (hereinafter referred to as Qingshan Holding) and Guizhou Guixing Automobile Sales & Service Co., Ltd. (hereinafter referred to as Guixing Automobile), with the shareholding ratios of 33%, 30% and 7% respectively. The original shareholders, French National Life Insurance Company (hereinafter referred to as "French National Life") and Beijing Renji Jiuding Asset Management Co., Ltd. (hereinafter referred to as "Renji Jiuding") no longer hold shares.

Sino-French Life Insurance with "Bad Fate"

Before the capital increase, China-France Life had only three shareholders: Shang Hong Group (holding 50%), Beijing Renji Jiuding Asset Management Co., Ltd. (holding 25%) and France National Life (holding 25%). With the withdrawal of French National Life Insurance, Xiaokang Life Insurance (formerly Sino-French Life Insurance) became a Chinese insurance company.

Also before this capital increase, the development of Xiaokang Life was not smooth, and many attempts to increase capital were unsuccessful. According to public information, the former Sino-French Life Insurance was established in 2005 by the former State Post Bureau (now China Post Group) and French National Life Insurance. With a registered capital of 200 million yuan, China Post Group and French National Life each hold 50% of the shares. Sino-French Life Insurance Company was once a Sino-foreign joint venture insurance company and the first banking insurance company in China.

Before 20 19 years ago, when China post group had not established China post life insurance, China-France life insurance also had high-light moments. Relying on China Post's bancassurance channel to sell products, the premium income increased from 65.438+09.05 million yuan at the end of 2006 to 270 million yuan at the end of 2009, which realized the rapid growth of premium income. However, after the establishment of China Post Life Insurance, Sino-French Life Insurance lost the bancassurance channel of China Post Group, so the performance of Sino-French Life Insurance plummeted.

2065438+In April 2005, China Post Group officially withdrew from Sino-French Life Insurance. 25% of its shares were transferred to Shang Hong Group, and the remaining 25% were transferred to Renji Jiuding. French National Life also transferred 25% of its shares to Shang Hong Group. At this time, the shareholding structure of Sino-French Life Insurance is: Shang Hong Group holds 50%, Renji Jiuding holds 25%, and France National Life Insurance holds 25%.

The withdrawal of China Post Group is tantamount to "adding insult to injury" to China Life. The financial report of Sino-French Life Insurance shows that the premium income in 20 15 years is only 25,000 yuan. With Shang Hong Group and Renji Jiuding taking the lead in Sino-French Life Insurance, the performance temporarily picked up. According to the annual report, in 20 16, Sino-French Life realized the premium income of 636 1.45438+0.0000 yuan.

But the data shows that from 20 17 to 2020, the premium income is 180600 yuan,1/300 yuan, 49300 yuan and 68500 yuan respectively. The performance of Sino-French Life declined again. In the meantime, Sino-French Life has repeatedly sought to increase capital and save itself, but none of them have been approved by the regulatory authorities.

20 16 sino-French life insurance plans to introduce two shareholders, Jilin changjiu industrial group co., ltd and Anhui Guo Sheng investment co., ltd, but it has not been approved by the regulatory authorities due to shareholder relations and other issues. In 20 17, Sino-French Life once again planned to introduce shareholders such as Guangxi Changjiu Automobile Investment Co., Ltd., Tibet Ren Xian Investment Co., Ltd. and Contemporary Anpu Technology Co., Ltd., but it also failed to obtain the approval of the regulatory authorities.

Until June 5438+February 18, 2020, China Banking Regulatory Commission issued the Reply on the Change of Registered Capital and Shareholders of Sino-French Life Insurance Co., Ltd., which approved the increase of registered capital of Sino-French Life Insurance from 200 million yuan to 3 billion yuan, of which 900 million yuan was subscribed by Contemporary Anpu Technology Co., Ltd., 900 million yuan by Qingshan Holdings, 790 million yuan by Shang Hong Group and 2654 yuan by your bank.

Solvency once turned red.

The solvency report shows that from 20 16 to 20 19, the solvency adequacy ratios of China Life Insurance and French Life Insurance were-140%, -4035.94%, -7774.25% and-15/kloc-0, respectively. Therefore, the comprehensive risk rating of Sino-French Life Insurance has also been rated as D for four consecutive years.

Since the fourth quarter of 20 16, Sino-French Life has suspended its new business due to solvency problems. As of February 3, 2020, Kloc-0/day, there was no new business and no operating premium income.

The solvency report for the fourth quarter of 2020 disclosed by Sino-French Life Insurance shows that the core and comprehensive solvency adequacy ratio in the last quarter (that is, the third quarter) was-24,408.67%, and after the capital increase was approved, the core and comprehensive solvency adequacy ratio in the fourth quarter was 46,820.80%. Since then, the core and comprehensive solvency adequacy ratio of China-France Life has changed from negative to positive.

The core and comprehensive solvency adequacy ratio in the first quarter of 2002/KLOC-0 was 29893.438+09%. Although it is lower than that in the fourth quarter of 2020, according to the solvency report in the second quarter, the comprehensive risk rating in the first quarter of the fourth quarter of 2020 has been upgraded from D to B.

On August 3rd, Xiaokang Life announced the quarterly report of solvency in the second quarter of this year. The report shows that its core and comprehensive solvency adequacy ratio is 6687. 14%. So far, Xiaokang Life has performed well in solvency adequacy ratio.

In addition, in the solvency report of the first quarter of this year, Xiaokang Life stated that after receiving the approval of China Banking and Insurance Regulatory Commission's capital increase, it will start the recruitment work as soon as possible to solve the problems of insufficient personnel in key positions in the early stage of the company and system transformation, so as to meet the operational and regulatory requirements.