In Search Of Special Strategic Cooperation With Shandong Capital Bigwigs, We Will Open Up Three New Headquarters Projects.

The Limited by Share Ltd (hereinafter referred to as "search special") announced in the evening of July 3rd that today, the company signed a strategic cooperation agreement with Shandong Tonghui Capital Management Co., Ltd. (hereinafter referred to as "Tonghui capital") and Tonghui Cheng Tai commercial factoring (Tianjin) Co., Ltd. (hereinafter referred to as "Tonghui Cheng Tai"), which is located in the strategic cooperation agreement between TongZhou group and Limited by Share Ltd and Shandong Tonghui Capital Management Co., Ltd.


According to the cooperation agreement, the above parties have made full use of the advantages of all funds, technologies and industries in the areas to be formulated to increase cooperation, broaden cooperation areas and achieve win-win cooperation.


(1) equity cooperation


(1) in view of the wealth of industrial resources and management experience in the upper and lower reaches of the fashion industry, Shandong has a strong financial strength and excellent market brand as a subsidiary of Asset Management Co, a large state-owned enterprise. Tonghui capital intends to invest in the form of equity in order to search for the leading fashion apparel industry chain enterprise cluster, expand the strategic layout of capital investment, and support the search and development.


(2) search for special and Tonghui capital to set up a supply chain management company to jointly develop the supply chain management business. Relying on the advantages of both sides, we should further strengthen the supply chain management business around the chain of fashion life industry, and raise the turnover rate of capital with the advantage of capital so as to increase its speed.


(3) Tonghui Cheng Tai has rich professional experience in the field of supply chain finance. It intends to study the introduction of search as a strategic investor of the Chinese side. In the future, Tonghui and Taichung will be the main body, and the two sides will be able to cooperate with each other in resources and enter the fashion life industry chain to carry out diversified supply chain finance business.


(2) cooperation in creditor's rights


In the future, Tong Hui Tai will explore the cooperation plan around the accounts payable and receivable factoring business, the accounts receivable factoring business of brand clothing operation, and provide accurate, full and timely supply chain finance services to the upstream and downstream enterprises and franchisees through the transaction big data analysis, revitalize the receivable assets of Party A, and achieve win-win cooperation between the two sides in terms of creditor's rights.


(3) cooperation in construction projects


In order to promote the implementation of the company's development strategy plan, we plan to build a new headquarters three phase, a national supply chain management headquarters, and a regional headquarters construction project. The two sides will explore the construction projects in depth, explore the cooperation mode in the aspects of construction funds, industrial resources, planning management, and so on, so as to make the construction projects play a greater role and achieve better economic benefits.


Tonghui capital is a wholly owned subsidiary of Shandong Qilu Transportation Development Group Co., Ltd., which covers capital investment and management, financial leasing, business factoring, equity direct investment, asset management, financial technology and so on. The scale of assets management has reached 14 billion yuan, which has formed an influential and unique asset management enterprise cluster in the industry. Tonghui Cheng Tai co founded by Tonghui capital and Cheng Tai finance leasing (Shanghai) Co., Ltd., focuses on expanding the supply chain finance business of the medical industry, logistics industry, education industry and cultural tourism industry. It is committed to the design of financial products through the way of data sharing and interconnection of industrial upstream and downstream chains through the big data wind control model, and it is a professional supply chain financial business platform in China. He said, The company signed a strategic cooperation agreement with Tonghui capital and Tonghui Cheng Tai. The parties will take full advantage of the capital, technology and industry advantages to expand cooperation areas and achieve win-win cooperation.


The smooth progress of this strategic cooperation will have a positive impact on the development of the future. However, the signing of the strategic cooperation agreement is only an agreement of intent, and no specific amount is specified. The specific items that do not transfer resources or obligations do not constitute the essence of related transactions, and will not have a significant impact on the company's performance in 2019.


Reporters noted that in recent years, in recent years, in recent years, he found that in the capital market, he frequently introduced strategic investors and reduced the proportion of stock pledge. The company's controlling shareholder, real controller Ma Hong and his co operative Guangdong Xingyuan Investment Co., Ltd. agreed to transfer to Jiaxing Yuxuan investment partnership enterprise (limited partnership) 5% of its total shares. Ma Hong, Xingyuan investment and Yu Xuan of Jiaxing signed the "share transfer agreement" in June 10th, the transfer price of the underlying shares exceeded 400 million yuan, and behind the Jiaxing Yu Xuan of the receiver, the figure of Shandong capital flashed.


A brief report on equity change shows that Yu Xuan, Jiaxing, was founded in May 22, 2019, and it is still less than a month since its establishment. Jiaxing Yu Xuan holds 96.897% from Shandong Tong Jia Investment Co., Ltd., Ningbo Meishan bonded port Sheng De investment partnership (limited partnership) holds 3.101% stake, Jiaxing Jun heavy Asset Management Co., Ltd. holds 0.002% stake. Shandong Tong Jia Investment Co., Ltd.'s major shareholder is Shandong Shandong investment fund partnership (limited partnership), the latter holding 99.97%.


Later, in June 21st, he announced that the major shareholder, Guangzhou hi tech Zone Investment Group Limited, had pledged 155 million shares in June 20, 2019. The hypothecate was the branch of China Co truction Bank Corp economic and Technological Development Zone of Guangzhou. The number of pledged shares accounted for 50% of its shareholding ratio, accounting for 5% of the total share capital of the company. According to the estimated price of 2.96 yuan on the day of the pledge, the Guangzhou high tech Zone Investment Group Limited has a market value of about 458 million yuan.


In the late June, reporters learned from the special side that there are two main purposes for the transfer of large shareholders, one is the introduction of strategic investors for the company, and the other is the reduction of the stock pledge ratio of the two shareholders. At that time, search related executives said that since the implementation of strategic transformation and upgrading in the second half of 2015, after nearly three years of hard work, the company's transformation has achieved remarkable results. In 2018, the company achieved a total revenue of 18 billion 500 million yuan and a total assets of 10 billion 200 million yuan. As a large national comprehensive industrial group, the market influence is continuously improving.


However, due to the expected trade friction between China and the United States and the decline of the industry boom, the search engine slowed down the growth rate of supply chain management business in the second half of 2018, and continued to lay a solid foundation. In 2018, net profit attributable to shareholders of listed companies decreased by 39.72% to 369 million yuan compared with the same period last year, but total business revenue still increased by 0.93% over the same period last year. Sales scale remained stable, operating cash flow improved significantly, and the company showed a healthy, healthy and sustainable development trend.


In the first quarter of 2019, the search business achieved 3 billion 193 million yuan, down 38.73% compared with the same period last year, and the net profit attributable to shareholders of listed companies was 107 million yuan, down 32.36% compared to the same period last year. In 2019, the company's operating revenue budget was over 20 billion yuan, and the net profit attributable to shareholders of listed companies was over 450 million yuan. Search at special executives believe that from the current actual situation, business performance is in line with expectations.


For the supply chain management business, the company has continued to optimize and upgrade the supply chain management business mode and bring into play the advantages of centralized procurement, R & D and design and channel distribution advantages of various subsidiaries. In particular, it collects the orders from upstream supply chain management subsidiaries, and obtains preferential prices from upstream, and sells them to subsidiaries and distributes them. The company will continue to integrate the upstream and downstream resources of the industry chain, enhance the R & D design level, and provide a perfect and efficient supply chain management service for the industry. The textile and garment industry is a large scale industry. The innovation and application of supply chain is a business field that the State encourages to develop. The supply chain management business of the company has great room for development.


According to the above search executives, the construction of the two warehousing and logistics base of the new headquarters is expected to start in the year. The company is also actively promoting the three major regional headquarters of Jingmen, Jiangsu, Wujiang and Jiangxi Nanchang, the headquarters of the supply chain of the Dongguan fashion and fashion industry, and the construction of the supply chain management center of Sha Tin fashion industry, laying a solid foundation for the layout and business development of the company in Hubei. Among them, Dongguan Dao Kau fashion industry supply chain headquarters is a convertible bond raising and investment project, which has been accepted by the SFC in the near future. The grand blueprint for the future development of the company is slowly developing.


The reporter was informed that he had planned three major regional headquarters of Jiangxi Nanchang, Hubei Jingmen, Jiangsu Wujiang and Dongguan Shatin supply chain management center, and Dongguan Dao Kau fashion industry supply chain headquarters project. Some land plots have obtained land use certificates, and the total investment of the project plan is about 60-70 billion yuan. In 2018, the company registered 1 billion 200 million yuan of medium-term notes and 1 billion 200 million yuan short term financing coupons, of which the medium-term note had been issued 100 million yuan in real terms. Now it is preparing to issue second term medium-term notes. The company's current bank credit line is about 6000000000 yuan, less than half of the credit line has been used, and the credit line is sufficient. This year, the company's application for issuing convertible bonds has been reported to the SFC and accepted. In recent years, it has also been planning to continue to increase financing by issuing ultra short term financing bonds, so as to meet the needs of various business development of the company. At present, the company has sufficient capital and at the same time the company attaches great importance to risk control, and has kept the asset liability ratio at a reasonable level.