Nanjing Chemical Fiber 320 Million Pfer 30% Equity Interest In Lan Jing (Nanjing) Fiber, Which Was 7.95 In October Last Year.

The limited company (hereinafter referred to as "Nanjing chemical fiber") has announced recently that the company intends to publicly pfer the 30% equity interest of the company's Lan Jing (Nanjing) Fiber Co., Ltd. through the Nanjing public resources trading center.

The valuation of the underlying equity is 320 million 163 thousand and 500 yuan, and the final assessment value is based on the record of state assets.

The company shall be listed at the base price of not less than the assessed value of the state-owned assets, and the final paction price shall be determined according to the results of the public listing.

After the completion of the paction, the company no longer holds the equity of Lan Jing (Nanjing) Fiber Co., Ltd.

Ltd. was established in April 22, 2005 with a registered capital of US $64 million 440 thousand, which covers the development and production of special viscose staple fibers and their differentiation.

(including non-woven, matte, color spinning), selling self-produced products and providing customer consultation and after-sales service.

From the shareholders' perspective, LenzingHoldingGmbH owns 70% equity interest in Nanjing, and is the controlling shareholder of Lan Jing Nanjing. Nanjing chemical fiber owns 30% equity interest in Nanjing, and is a shareholder in Nanjing.

Lan Jing Nanjing's controlling shareholder, Austria LenzingHoldingGmbH, will not give up its decision in accordance with the regulations of Nanjing and the Chinese law.

The Limited by Share Ltd has the prior right to sell shares.

According to the special audit report no. [2017] No. 020583 of "Zhong Xing Hua Hua" issued by China Xinghua accounting firm (special general partnership), the main financial indicators of Nanjing's recent one year audit are as follows:

Nanjing chemical fiber said, at present, the company sells to the Lan Jing Nanjing the production of water, steam and sewage treatment, charging terminal usage fees, warehouse leasing fees and other related services.

After the completion of the equity paction, the paction will no longer constitute a related party paction, and the proceeds from this equity exchange will be used to supplement the company's liquidity.

First textile network reporter learned here that Nanjing chemical fiber was founded in 1992, and was listed in 1996. It is a listed company of Nanjing's "State Assets Department". Its predecessor was the Nanjing chemical fiber factory, which was put into operation in 1964. The SASAC of Nanjing has a company share of 41.45% through Nanjing new investment group and its corresponding subsidiary company.

The company is mainly engaged in the production and operation of viscose fiber and tap water. At present, it has 100 thousand tons of viscose filament, 20 thousand tons per year of viscose filament, and 150 thousand tons / day of water supply. In addition, the company has also established cooperation with Austria Lan Jing group to set up Lan Jing (Nanjing) Fiber Co., Ltd., which is equivalent to 48 thousand tons of viscose staple fiber production capacity every year (Lan Jing (Nanjing) 160 thousand tons 30% shares). The company is engaged in viscose fiber production and operation for more than 50 years, and has rich experience and comprehensive strength in the forefront of the industry.

Nanjing

At present, the main business is viscose fiber, tap water production and operation, viscose.

It is divided into viscose staple fiber and viscose filament.

From the company's annual report in 2016, the proportion of viscose fiber and tap water business accounts for 95.08% and 4.23% respectively. Viscose fiber business accounts for the absolute proportion.

Before 2015, the gross profit margin of companies investing in real estate and tourism catering services remained above 30%, and then stopped for policy reasons.

The results showed that in 2017, Nanjing chemical fiber realized a total sales income of 1 billion 607 million yuan, 3.47% less than that of the same period last year. The net profit attributable to the owners of listed companies was -3.03 billion yuan, 433.53% less than that of the same period last year. The subsidiary company of LAN Jing (Nanjing) Fiber Co., Ltd. contributed 37 million 352 thousand and 900 yuan to the Nanjing chemical fiber in the current period. After deducting the non recurring gains and losses caused by the asset impairment preparation and staff diversion expenses caused by the shutdown of the coal-fired unit in the Farber thermal power plant, the 2017 year performance profit of Nanjing chemical fiber was 49 million yuan; the reporting period achieved a profit of -0.987 yuan per share, which was 0.30 yuan a year.