Northern Trust’s capital increase was approved, and its registered capital increased by 17% to 2.344 billion yuan

Blue Whale News, February 14 (Reporter Zhang Shuwei)On February 14, the Tianjin Supervisory Bureau of the State Financial Supervision and Administration Administration issued an approval on the change of registered capital and equity of Northern International Trust Co., Ltd.(hereinafter referred to as Northern Trust).“”

After the capital increase, the registered capital of Northern Trust increased from 2.002 billion yuan to 2.344 billion yuan, with a total capital increase of approximately 340 million yuan, with a capital increase ratio of approximately 17.08%. The company’s owner’s equity increased by 1 billion yuan, reaching 6.957 billion yuan.

In terms of equity structure, before the capital increase and share expansion, Northern Trust had a total of 24 shareholders. The top three major shareholders are Tianjin TEDA Investment Holdings Co., Ltd.(hereinafter referred to as TEDA Holdings), Tianjin Bohai Cultural Industry Investment Co., Ltd.(hereinafter referred to as Bohai Culture), and Tianjin TEDA Co., Ltd.(000652.SZ), holding 32.33%, 25.43%, and 5.43%, respectively.

After the capital increase and share expansion, according to the announcement, the top three shares of Northern Trust are Tianjin Bohai Chemical Group Co., Ltd.(hereinafter referred to as Bohai Chemical), Bohai Culture and TEDA Holdings, holding 22.3%, 21.73%, and 20.31% respectively.

Among them, in this round of capital increase and share expansion, Northern Trust introduced two new shareholders: Bohai Chemical, a state-owned enterprise in Tianjin, and Chengtong Guohe Asset Management Co., Ltd., a wholly-owned subsidiary of the state-owned enterprise China Chengtong Holding Group Co., Ltd., two companies have increased capital and transferred to become new shareholders.

Northern Trust stated that the capital increase and share expansion and adjustment of the equity structure did not involve a change in the company’s actual controller. The company’s articles of association have been revised accordingly, and the registration procedures for changes in market entities have been completed.

In addition, according to statistics, since 2025, two trust companies have completed capital increase. In addition to Northern Trust, in January this year, Jilin Trust announced that its capital increase had been approved, increasing its registered capital from 3.15 billion yuan to 4.205 billion yuan.

According to public information, Northern Trust was formerly known as Tianjin Economic and Technological Development Zone Trust and Investment Company. It was established in 1987. It is a state-controlled mixed-ownership enterprise jointly funded by large local state-owned enterprises, listed companies and private enterprises. Northern Trust is a state-controlled non-bank financial institution with trust business as its main business. It mainly engages in various trust businesses, own fund investment and financing business, financial consulting and other intermediary businesses.

In terms of performance, in 2023, Northern Trust’s revenue and net profit will both decline. Northern Trust will achieve operating income of 603 million yuan in 2023, a year-on-year decrease of 9.35%; and achieve net profit of 232 million yuan, a year-on-year decrease of 17.83%.

In fact, Northern Trust’s revenue and net profit have declined since 2021. From 2021 to 2023, Northern Trust achieved operating income of 822 million yuan, 665 million yuan, and 603 million yuan respectively; achieved net profits of 328 million yuan, 282 million yuan, and 232 million yuan respectively.