The hottest Zhenhua Port Machinery Co., Ltd. acqui

2022-08-23
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Zhenhua Hong Kong Machinery Co., Ltd. (600320), which will enter the Beijing Shanghai high-speed rail market with a 25% increase in net profit in 2007 and has been suspended for several days, announced today that the company plans to purchase 100% equity of Shanghai Hong Kong Machinery Co., Ltd. and 60% equity of Jiangtian industry Co., Ltd. owned by the parent company CCCC through non-public issuance of A-share tickets with the increasing attention of automotive lightweight. By purchase of assets

Zhenhua Hong Kong Machinery (600320), which will enter the Beijing Shanghai high-speed rail market with a 25% increase in net profit in 2007, announced today that the company plans to purchase 100% equity of Shanghai Hong Kong Machinery and 60% equity of Jiangtian industry owned by the parent company CCCC through non-public issuance of A-share shares. According to the preliminary estimated value of the purchased assets of 2billion yuan, it is expected to issue 112 million shares at a price of 17.78 yuan/share

in addition, the 2007 annual report released by the company today shows that the company achieved an operating revenue of 21 billion yuan, an increase of 23% year-on-year; The net profit was 2billion yuan, an increase of 25% year-on-year; The basic earnings per share is 0.65 yuan. The company plans to pay a dividend of 1.7 yuan (including tax) for every 10 shares

the company said that it planned to achieve an output value of 30billion yuan in 2008, with a significant increase in production in the next year and the following year

asset acquisition and merger will increase gross profit margin

Zhenhua Port Machinery said in an interview yesterday that the purchase of the parent company's assets will integrate the Hong Kong Machinery manufacturing business of the subordinate enterprises of CCCC. The idea of Meike in the Chinese market is to solve the horizontal competition between Zhenhua Port Machinery and Shanghai port machinery. "As the port machinery manufacturing industry is a capital, technology and labor-intensive industry, the purchase of assets will stabilize and further improve the company's gross profit margin and profitability." If the transaction is completed, the shareholding ratio of CCCC to Zhenhua Port Machinery will increase from 43.26% to 45.18%

at present, Shanghai Port Machinery Co., Ltd. and its subsidiaries have Changxing Island, which is subject to the fact that the moving beam is not encountered when lifting: Zhangjiagang, Kangqiao, Nanhui and other four bases. The Changxing Island base, which was just completed last month, covers an area of 470000 square meters, and its scale is only second to that of Zhenhua Port machinery. It has 650 meters of excellent deep water shoreline and 380 meters of two 50000 ton reconstruction docks, and has the ability to produce 150 large-scale port equipment and 150000 ton steel structures per year. The Nanhui base under construction covers an area of about 150000 square meters, has a dock with a 300 meter coastline, and is equipped with a 200 ton gantry crane

Shanghai port machinery products include six series of port lifting equipment. At present, it has successfully entered the UK market of rail transit and railway construction equipment. A total of 29 rail transit and railway construction equipment have been signed and not delivered, including 5 high-speed railway equipment provided for the Beijing Shanghai high-speed railway. The main asset of Jiangtian industry is Jiangtian building, which is adjacent to the main office of Zhenhua Port machinery. Zhenhua Port Machinery Co., Ltd. plans to transform Jiangtian building into a scientific research and office building of the company

alleviate the capacity bottleneck

it is reported that the incorporation of Shanghai Port Machinery Co., Ltd. is very effective in alleviating the capacity bottleneck of Zhenhua Port Machinery Co., Ltd. At present, in addition to the port crane business, Zhenhua Port Machinery has taken offshore heavy machinery, large steel structures, port machinery accessories and bulk cargo handling machinery as four new business areas. Bulk cargo machinery and marine heavy equipment have become the second and third major businesses of the company. In 2007, its operating revenue accounted for 11.14% and 6.87% of the company's main business revenue. With the further expansion of new business development, the company's capacity tension has become increasingly prominent. The refinancing in 2007 is aimed at alleviating this problem. The incorporation of Shanghai port machinery will effectively expand the company's production capacity

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