Huamao Shares (000850): Reduction Of 12 Million 223 Thousand And 500 Shares Of Guotai Junan Securities

Duer net July 7th news, Huamao shares (000850) issued a notice that according to the Anhui Huamao textile Limited by Share Ltd held in June 29, 2020 at the 2019 annual general meeting to consider the adoption of the company intends to deal with the transaction of financial assets of the motion, the company on July 2020 06, through the Shanghai stock exchange centralized auction trading system to sell Guotai Junan Securities Holdings Ltd. has 12 million 223 thousand and 500 shares in circulation.

After preliminary calculation by the financial department, the sale of these shares will increase the investment income of the company in the first three quarters of 2020, which is about 23 million 500 thousand yuan (the investment income has taken into account the influence factors of fair value change), accounting for about 11.89% of the net profit of the company's latest audit accounting year (2019) attributable to shareholders of listed companies. Specific data will be disclosed in the company's third quarter report 2020.

As of this announcement, the company holds 55 million 376 thousand and 500 shares of Guotai Junan's unlimited sale of tradable shares (37 million 200 thousand of which are used for stock pledge), accounting for 0.62% of the company's registered capital.

Regarding the sale of Guotai Junan stock, the company will strictly abide by the requirements of the Shenzhen Stock Exchange Listing Rules, and invite investors to pay attention to investment risks.

The company's annual report 2019 shows that in 2019, the net profit attributable to shareholders of listed companies was 197696542.01 yuan, an increase of 66.59% over the same period last year.

Statistics show that Huamao stock focuses on pure, blended yarn and its fabrics, knitwear, clothing, printing and dyeing of cotton, wool, linen, silk and man-made fibers; sales of textile equipment and accessories, home textiles, and investment management.