On August 29, Cowin Capital disclosed the 2018 semi-annual report. The report showed that the company achieved operating income of 155 million yuan, an increase of 39.70% year-on-year; net profit of the mother returned to 78.495 million yuan, an increase of 29.06%.
Cowin Capital said that the company's total operating income and net profit have increased due to:
(1) The income from investment management business in the company's total operating income increased significantly compared with the same period of last year, an increase of 39.70% over the same period of last year, mainly due to the increase in fund management fee income and the increase in management compensation income of projects in the exit period. .
(2) The company's investment income has increased significantly compared with the same period of last year, with a year-on-year increase of 178.85%, mainly due to the increase in investment income of wealth management assets.
(3) The financial expenses of the company in the first half of 2018 decreased by 483.80% compared with the previous period. The interest income in the financial expenses increased year-on-year, mainly due to the interest income generated by the non-financial institutions in the current period; The interest expenses in finance expenses increased year-on-year, which was mainly due to the private equity of Qianhai Wutong issued in the current period and the interest expenses arising from the acquisition of new bank loans. Cowin Capital's owner's camp is an asset management business and investment business such as venture capital.