Author |Luo QianboProduced by |Bogotá looks at the property market
On the evening of January 8, Xinhu Group, the controlling shareholder of Xinhu Zhongbao, and its concerted actor, Zhejiang Hengxingli Holding Group, planned to transfer the company 1843% of the shares, 1917 yuan, the total transfer price is about 300.6 billion yuan.
After the completion of the transfer, the shareholding ratio of Xinhu Group and its concert parties was reduced to 2839%；Quzhou Zhibao and its related party Quzhou Xin'an Caitong hold a total of 2854% of the shares, becoming the largest shareholder of the listed company.
Although he has lost the position of the largest shareholder, the actual controller Huang Wei and his persons acting in concert can still control the board of directors of the listed company, which will not lead to a change in the actual controller of the company.
It is reported that in recent years, affected by the adjustment of the real estate industry, the development of Xinhu Zhongbao has shown a declining trend. Xiangcai Co., Ltd., another listed company under the "Xinhu Department", has also faced a number of litigation disputes and has been involved in the "Chengxing Department" fraud case. In addition, the capital operation of the "Xinhu system" has also been cold, and the IPO of Xinhu ** and Bangsheng Technology has been blocked.
According to public information, Quzhou Zhibao was established in January 2024 and was funded by Quzhou Industrial Development Group, Quzhou Zhina Enterprise Management, and the actual controller is Quzhou State-owned Assets Supervision and Administration Commission. In addition to being the controlling shareholder of Quzhou Zhibao, Quzhou Industry is also the controlling shareholder of Quzhou Xin'an Caitong Intelligent Manufacturing Equity Investment Partnership (Limited Partnership) (hereinafter referred to as "Xin'an Caitong"), another major shareholder of Xinhu Zhongbao, holding 498% share of the partnership.
Brief analysis: According to Bogokan's observation of the property market, after the completion of the above transaction, under the storm of the new era, Xinhu Zhongbao has encountered many winds and swords in its core "real estate + investment + finance" troika, like many peers.
The above three business segments are closely related, one is prosperous, one is lost, and Xinhu Zhongbao cannot escape the crushing of the trend fate.
According to China Real Estate News Today:
According to the financial report, in the first three quarters of 2023, Xinhu Zhongbao's operating income will be 37200 million yuan, down 44 percent year-on-year3%, continuing the downward trend; Net profit attributable to the parent company was 195.5 billion yuan, a year-on-year increase of 223%, but net operating cash flow was -41800 million yuan.
In terms of monetary funds, as of the end of September 2023, the monetary funds of Xinhu Zhongbao were 684.9 billion yuan, a year-on-year decrease of 3288%；Short-term borrowings were 62100 million yuan, and the non-current liabilities due within one year are 603.3 billion yuan, long-term borrowings as high as 1433.4 billion yuan, with an asset-liability ratio of 6419% with a quick ratio of only 036。”
It all shows that Xinhu Zhongbao has become bigger in terms of operation, operation and debt.
For another example, some of the events of last year also showed some clues.
In July 2022, Xinhu** pre-disclosed the IPO prospectus and planned to land on the main board of the Shanghai Stock Exchange, and on March 4, 2023, Xinhu**'s IPO was transferred to the Shanghai Stock Exchange for acceptance, and entered the inquiry stage on March 21 of the same year. On March 31 and September 30, 2023, the IPO of Xinhu ** was suspended twice, and the review resumed on November 1 of the same year, and there is no new progress so far. In addition, the IPO of Zhejiang Bangsheng Technology Co., Ltd.*** on the Science and Technology Innovation Board, which was co-sponsored by Xiangcai** and China Galaxy, was terminated in December 2023.
The above-mentioned China Housing News news wrote: "In 1959, Huang Wei was born in Wenzhou, Zhejiang, and after graduating from university, he taught at the Party School of the Wenzhou Municipal Party Committee. Soon after coaching, Huang Wei chose to resign and go to sea, and earned his first pot of gold by selling glasses. In 1991, Shanghai issued a subscription warrant, which could participate in the lottery subscription. According to market news, Huang Wei bought more than 300 ** warrants with the money he earned from selling glasses.
Like Ah Bao in the hit drama "Flowers", Huang Wei also relied on the purchase of the ** subscription warrants issued by the Shanghai Stock Exchange in the 90s of the last century, and turned into a 'capital boss' and completed the original capital accumulation. Later, it grew rapidly in the treasury bond and commodity markets. ”
Many of the previous successes in the industry, many people in the industry, raised it to"New Lake System".The height of the new lake treasure and Huang Wei did well in the past, and there are many examples fluttering in the market.
However, the above-mentioned Huang Wei's style of play is basically the same as many of his peers, and there is not much novelty, so it is inseparable from the interference of everyone's common historical fate, and the general direction is basically the same.
From a detailed point of view, between real estate, investment and finance, perhaps Huang Wei is more cautious and stable, and there is no thunderstorm for the time being.
There is not such a big and not very good "fame" in the market, and to a certain extent, he has kept his "golden body".
Next, how far can Xinhu Zhongbao go? It's not easy to say, and it needs to be constantly observed.
As for what the individual ** said"In the capital market, a huge 'new lake system' is gradually taking shape", or "in terms of new business transformation, according to Xinhu Zhongbao's 2023 interim report, its investment in high-tech enterprises has exceeded 10 billion yuan, and a relatively complete scale and system have been formed, and a number of invested companies will enter the IPO in the next 3-5 years".and other descriptions, all seem to be too optimistic, there is a suspicion of advertorials, can it withstand in-depth scrutiny?
Vanke in the real estate industry is deeply trapped in ice difficulties, can a not-so-outstanding new lake treasure catch up?
Huawei, etc. in the technology industry, do not dare to look forward to the future in such a high-profile manner, and the confidence of Xinhu Zhongbao does not come from?
Not to mention the financial community, there is a lot of mourning, what reliable support does Xinhu Zhongbao have?
Therefore, Bogotá analysis thinks:
In addition to a simple action of dyeing the equity red, it is quite a bit of a feeling of exuberance and domineering side leakage, I don't know what day it is.
And make everyone look sideways.
Prosperity and flowers, the manifestation of one realm, one person and one moment, is the transformation between reality and fiction.
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