Guang Tian Shares Restructured &Nbsp;
After nearly 5 months of waiting, the restructuring plan of [7.47 0.13% shares (600894.SH) of the Guangzhou Iron and steel group was finally released.
According to the report of the major asset replacement and the issuance of assets and related pactions to specific objects (Draft) by the announcement of the Guangzhou Iron and Steel Group (hereinafter referred to as the "restructuring report"), the restructured scheme adopts the current market's "net shell pfer" mode, that is, through asset replacement and the issuance of shares to specific objects.
Assets
The three part of the pfer of shares is to put all the steel assets of Guangzhou Iron and Steel Co., Ltd. and put the assets into the stock market.
With this restructuring report, the Guangzhou Iron and Steel Group will be pformed into a comprehensive elevator business under the control of Guangzhou Japan group.
Listed company
。
"We are not only an elevator manufacturer, but also a large number of wholly owned, holding and participating companies, including the elevator, logistics, LED, intelligent parking equipment, garbage vacuum collection system, subway platform screen door system and so on."
Wu Bin, deputy general manager of Guang Tian stock and general manager of Guangzhou elevator, told the China Daily newspaper that the pace of pformation of the Guangzhou Japanese stock from the original building service providers to the urban services will be faster.
Exceeding expectations
profit
ability
According to the restructuring report, the assets and liabilities of the company were replaced by 91.91% of the shares of Guang Tian Group held as of December 31, 2010, and the balance was partially supplemented by cash; the Guangzhou Japanese group was granted a total of 2 billion 930 million yuan by the Guangzhou Iron and Steel Group holding the 291 million shares of the Guangzhou Iron and Steel Group and the 183 million shares of Guangzhou iron and Steel Group Co., Ltd., which was held by Jin Jun Co., Ltd., and the Guangzhou Iron and Steel Group purchased the 8.09% shares of Guang Tian stock jointly held by the other shareholders of Guangzhou Japan stock limited and other non-performing shares.
After the completion of the paction, the listed company will be pformed into the Guangzhou daily stock, which takes the elevator integrated service as its main business.
"Before this (announcement of the restructuring report), the profitability of Guang Tian shares has been questioned."
Wu Bin introduced that in 2010, Guang Tian shares realized net profit of 240 million yuan, up 28.02% from 2009.
At the same time, the net profit in 2011 is expected to be 313 million yuan, which will still maintain 26.68% growth compared with 2010, corresponding to the estimated earnings per share of the listed company after the reorganization is 0.4 yuan, "this is beyond the original expectations of the market".
According to Freedonia group research, by 2013, the global elevator will maintain an annual growth rate of 4.3%, and the output value of elevator products and services will reach US $78 billion 500 million.
This increase comes mainly from the new demand in China and India, of which China's new demand is expected to account for 45%. China has become the world's largest elevator production base.
According to Wu Bin, in 2009, China surpassed the United States as the world's largest elevator market, but mainly foreign brands.
At present, the elevator of Guangzhou day and Hitachi elevator, which share shares, has a market share of about 15%, ranking second in the country, second only to MITSUBISHI in Shanghai. The elevator in Guangzhou Japan shares is mainly a product with high price performance ratio, and the two or three line market is the dominant market.
At present, the two or three line market accounts for about 80% of the total sales volume of the company.
"China is the largest elevator manufacturer in the world and the largest consumer country. The best companies will emerge in the largest market."
Wu Bin said that 36 million sets of affordable housing in the "12th Five-Year plan" are the biggest business opportunities currently facing Guangzhou Japan. "Plus the old house renovation and the renewal of ownership, the elevator business of Guangzhou Japan shares will maintain a steady and high-speed growth trend in the long run."
Metamorphic City Service Providers
"In 2010, our sales volume exceeded 700 million yuan, up by more than 20% from 500 million yuan in 2009."
Wu Wenbin, deputy general manager of Guang Tian stock and general manager of Guang Tian electric, told reporters that the LED business of Guangzhou electric company has been able to achieve annual sales of 20 million yuan since its development in 2008. "LED business derived from elevator lighting is a high starting point at the beginning, because the operation environment of the elevator is far more complicated than the general lighting environment."
According to the latest ranking of China Lighting Association, Guang RI electric company ranks seventh in LED top 100 enterprises, and the top six are all chip and packaging fields. In the field of LED application, Guang RI electric ranks first.
"We expect to grow by 30% in 2011," Wu Wenbin told reporters. In another two weeks, the second LED production lines of Guang RI Electric will start to install. The expected production capacity will increase by about 3 times. "The equipment comes from YAMAHA, Japan, where the placement machine is 1500 pieces per minute, which is 3 times faster than our first production line." Wu Wenbin also revealed that Guangzhou's "thousand cities and tens of thousands" project will soon be tendered, involving LED street lamps 50 thousand, with a total value of more than 500 million yuan, and Guang RI Electric is also actively preparing for bidding.
Wu Bin always briefed reporters that the partners in Guangzhou Japan share are the world's leading partners, such as the elevator track system. The partner of Guangzhou Japan stock company is the leading Spanish Sevilla company. In terms of intelligent parking equipment business, Japan's shares have been introduced into the world's top Japan Xin Ming and "tower library technology" and the German "warehousing technology"; in the subway platform screen door system, the partner of Guangzhou daily stock is the leader of the British industry Westinghouse; the garbage vacuum collection system, and the partner of Guang Tian stock company, is also a leading global enterprise Sweden Sweden's group.
Not just elevator manufacturers have become the new pursuit of Guang Tian shares.
"Around the building equipment services, we have elevator manufacturing, parts manufacturing and logistics industry, and at the same time, our elevator lighting has derived LED business, garbage vacuum collection system, subway platform screen door system, and Guangzhou has become a city equipment service provider."
Wu Binru said.
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