To solve the competition in the same industry, Ningbo Port acquired assets of major shareholders by 5.642 billion yuan

category:Finance
 To solve the competition in the same industry, Ningbo Port acquired assets of major shareholders by 5.642 billion yuan


In 2019, the financial report data of the above five underlying assets are as follows: Jiaxing Port Holdings achieved an operating income of 118 million yuan and a net profit of 38.4226 million yuan; Jiaxing Port achieved an operating income of 181 million yuan and a net profit of - 68.6453 million yuan; Wenzhou Port achieved an operating income of 801 million yuan and a net profit of - 83.3095 million yuan; Yiwu port realized an operating income of 323 million yuan and a net profit of - 15.19 million yuan; and the port of Toumen was in real condition The net profit is 2429.11 million yuan. In other words, four of the five target companies to be acquired by Ningbo port this time lost money last year. However, the reporter of securities times u00b7 e company also noted that in the first July of 2020, all the five target companies were profitable, with net profits of 13.43 million yuan, 8.69 million yuan, 273 million yuan, 9.46 million yuan and 41 million yuan respectively. Among them, Wenzhou Port achieved 479 million yuan of operating revenue and 273 million yuan of net profit in the first seven months of 2020.

It is reported that Wenzhou port is one of the 25 major coastal ports in China. It is committed to realizing the scale effect of key port areas in southern Zhejiang and specialized operation of key cargo types, and forming a port layout of dual core, dual connection and multi supplement. By the end of 2019, Wenzhou port has 24 productive berths, including 19 berths above 10000 tons and 8 berths above 50000 tons. From 2017 to 2019, the cargo throughput of Wenzhou port is 34.08 million tons, 37.5 million tons and 40.06 million tons, and the container throughput is 60900 TEUs, 673800 TEUs and 802500 TEUs respectively. In the first 10 months of 2020, Wenzhou Port Group actively overcame the adverse impact of the epidemic. The cargo throughput reached 32.94 million tons, which was basically the same as that of the same period last year. The container throughput achieved a positive growth of 794000 TEUs, with a year-on-year increase of 18.03%.

For the purpose and impact of the transaction, Ningbo Port said that the transaction is the need to fulfill the commitment of the provincial seaport group to solve the problem of horizontal competition; it is the need of building an international first-class strong port and building a world-class port cluster; and accelerating the integration and coordinated development of ports in Zhejiang Province. Ningbo Port said that after the completion of the transaction, five wholly-owned subsidiaries will be added to the consolidated statements of listed companies. The injection of port assets from the north and the South will help the company to make full use of the coastal port resources of the whole province, participate in market competition, optimize resource allocation, plan and optimize the route layout and logistics path, improve the cargo collection system construction, vigorously develop the stock business potential, increase the market share in the province, and maintain the companys cargo swallowing The amount of vomiting increased steadily. Source: Securities Times Author: Li Xiaoping, editor in charge: Wang Xiaowu_ NF

For the purpose and impact of the transaction, Ningbo Port said that the transaction is the need to fulfill the commitment of the provincial seaport group to solve the problem of horizontal competition; it is the need of building an international first-class strong port and building a world-class port cluster; and accelerating the integration and coordinated development of ports in Zhejiang Province.

Ningbo Port said that after the completion of the transaction, five wholly-owned subsidiaries will be added to the consolidated statements of listed companies. The injection of port assets from the north and the South will help the company to make full use of the coastal port resources of the whole province, participate in market competition, optimize resource allocation, plan and optimize the route layout and logistics path, improve the cargo collection system construction, vigorously develop the stock business potential, increase the market share in the province, and maintain the companys cargo swallowing The amount of vomiting increased steadily.