One year after the state-owned assets entered the company, the company planned to inject assets, and the stock price was up and down ahead of time

category:Finance
 One year after the state-owned assets entered the company, the company planned to inject assets, and the stock price was up and down ahead of time


State owned assets began to be injected

Specifically, the company is planning to issue shares to purchase assets with the parent company of the controlling shareholder Chengdu culture and tourism group, and the final plan is yet to be further discussed and determined. The companys shares will be suspended from the opening of the market on November 30. The company is expected to disclose the trading plan within 10 trading days. It is reported that the overall intention of the reorganization is Rhein sports to purchase 63.34% shares of Chengdu cultural tourism by issuing shares.

The secondary market has responded in advance. On the afternoon of November 27, sports concept stocks strengthened, among which Rhine sports (000558) quickly closed the trading limit board and closed at 3.37 yuan at the end of the day, and the limit sealing sheet exceeded 53000 hands. The trading volume of the stock was also significantly enlarged, with a total turnover of 456800 hands, with a return rate of 3.54%.

So, who was in charge of Rhine sports that afternoon? After hours dragon and tiger list showed that the top five buyers bought a total of 42.4325 million yuan, accounting for 28.12% of the total transaction value of the day. Among them, Shanghai Branch of Huaxin securities purchased 12.8574 million yuan; Huatai Securities Chengdu Shujin Road Securities Business Department bought 8.3651 million yuan; Guotai Junan Chengdu North First Ring Road Securities Business Department bought 8.0381 million yuan; CITIC Securities Shanghai Caoxi North Road Securities Business Department bought 6.74 million yuan; GF Securities Shanghai Kongjiang Road Securities Business Department bought 6.4319 million yuan.

According to Wu Xiaojin, the company was established in Chengdu on October 2012, and its business scope was disclosed as follows: it was established in October 2012 by Wu Xiaojin, a representative of skiing capital, and its business scope was set up in October 2012.

According to Tianyan survey, the shareholding structure of Chengdu culture and tourism group is 63.34% for Chengdu culture and tourism group, 33.33% for Chengdu Tianfu overseas Chinese City Industrial Development Co., Ltd., and 3.33% for Chengdu Sports Industry Co., Ltd., and the actual controller of Chengdu culture and tourism is Chengdu SASAC.

According to the financial report of Chengdu culture and tourism in the first half of 2020, the companys operating revenue in the first half of 2020 was 51.6876 million yuan, a year-on-year decrease of 55.80%; the net profit was 2.34 million yuan, a year-on-year decrease of 95.08%. As of June 30, 2020, Chengdus total assets of culture and tourism were 662 million yuan, down 1.82% compared with the beginning of this period, and the net assets were 634 million yuan, an increase of 0.35% compared with the beginning of this period.

As for the sharp decline of business income, Chengdu culture and tourism disclosed in the financial report that the company actively responded to the requirements of epidemic prevention and control in Sichuan Province, and suspended the opening of Xiling Snow Mountain scenic area to the outside world on January 25, and suspended the tourist reception business activities. Since the outbreak of the epidemic is in the traditional business peak season of Xiling Snow Mountain Scenic Area, the companys business income, costs, expenses and profits are relatively high Big impact, the companys indicators change greatly.

Cutting into the cultural and tourism industry

In fact, this is the plan of injecting cultural and tourism assets into Rhine sports after one years official entry into the listed company.

On March 13, 2019, Rhein sports disclosed the change of equity, and the controlling shareholder of the company, laiyinda group, transferred the control right of the listed company to Chengdu Sports through agreement transfer. The target shares are 29.90% of the shares held by laiyinda group, the transaction price is 3.44 yuan / share, and the total transfer price is 1.326 billion yuan. After the equity change, Chengdu Sports investment becomes the largest shareholder of the company, and the actual controller of the company will be changed to Chengdu SASAC.

At that time, laiyinda group and its actual controller Gao Jisheng said that they would actively introduce relevant resources into Chengdu, and agreed to and assist Chengdu Sports Investment in handling the procedures of moving the registered address of the listed company to Chengdu.

Data show that Chengdu Sports Investment Group is 100% owned by Chengdu culture and tourism group, which is a wholly-owned subsidiary of Chengdu SASAC. The business scope of Chengdu Sports Investment Group covers the investment and operation of sports infrastructure and sports industry projects; sports capital operation; investment, construction and operation of characteristic sports industrial park.

On June 3, 2019, the company received the notice from Rhein holding group and Chengdu Sports Investment Group, and the transfer of the above shares was completed.

As of the end of the third quarter of 2020, Chengdu Sports Industry Investment Group is the controlling shareholder of the company, holding 385 million yuan of Rhine sports (accounting for 29.9% of the total equity), and the actual controller of the company is Chengdu SASAC.

Rhein sports was listed on the main board of Shenzhen Stock Exchange in 1994, and its original name was Rhine real estate. Under the severe situation of real estate macro industry, the former Rhine real estate opened the road of transformation and development in 2015.

In August 2015, the listed company officially changed its name to Rhine sports, and the sports industry became the transformation direction of the companys main business.

However, the sports road is not easy to go, the companys main revenue and profit point is still from the real estate business. In 2019, the companys real estate income was 102 million yuan, accounting for 73.86% of the total income; energy income was 15.40 million yuan, accounting for 11.18% of the total income; sports income was 19 million yuan, accounting for 13.78% of the total income. In the first half of 2020, the company realized an operating income of 55.1799 million yuan, an increase of 3.09% over the same period of the previous year; the net profit was - 25230700 yuan, an increase of 42.48% over the same period of last year. Affected by the epidemic, the income of the sports sector dropped sharply, only 873100 yuan, accounting for 1.58% of the operating income. According to the third quarter report of 2020 published by Rhine sports on October 29, the first three quarters achieved an operating revenue of 97.26 million yuan, a year-on-year increase of 16.87%; and a net profit of - 21.78 million yuan, a year-on-year increase of 63.77%. Now, with the steady progress of asset injection plan of state-owned controlling shareholders, Rhine sports will also cut into the cultural tourism industry. Source of this article: Yang Bin, editor in charge of E Company_ NF4368

However, the sports road is not easy to go, the companys main revenue and profit point is still from the real estate business. In 2019, the companys real estate income was 102 million yuan, accounting for 73.86% of the total income; energy income was 15.40 million yuan, accounting for 11.18% of the total income; sports income was 19 million yuan, accounting for 13.78% of the total income.

In the first half of 2020, the company realized an operating income of 55.1799 million yuan, an increase of 3.09% over the same period of the previous year; the net profit was - 25230700 yuan, an increase of 42.48% over the same period of last year. Affected by the epidemic, the income of the sports sector dropped sharply, only 873100 yuan, accounting for 1.58% of the operating income.

According to the third quarter report of 2020 published by Rhine sports on October 29, the first three quarters achieved an operating revenue of 97.26 million yuan, a year-on-year increase of 16.87%; and a net profit of - 21.78 million yuan, a year-on-year increase of 63.77%.

Now, with the steady progress of asset injection plan of state-owned controlling shareholders, Rhine sports will also cut into the cultural tourism industry.