textLeju Finance Xu Shumin
In recent times, there have been a lot of changes in Shenzhen Industry A.
First, in October 2023, the chief financial officer was changed to Li Pu, and then in January this year, the chairman and legal representative were changed to Song Yang.
The changes in two key executives have sparked a lot of speculation in the market.
Some investors directly asked on the trading platform: What is the reason for the recent personnel changes of the company's chairman and chief financial officer? Are the relevant personnel changes related to the company's asset restructuring arrangement?
The secretary of the board of directors of Shenzhen Zhenye replied that the recent election of the chairman and the appointment of the chief financial officer are normal personnel changes of the company. At present, the company has not received any notice from shareholders about mergers and acquisitions, and there are no specific arrangements for mergers and acquisitions within the company.
The news about the asset restructuring of Shenzhen Industry A has been circulating for many years and has not been conclusive.
Back to the present, for Shenzhen Industry A, perhaps reversing the performance loss is the key.
On January 31, Shenzhen Industry A issued a performance forecast, and it is expected that the net profit loss attributable to shareholders of listed companies in 2023 will be 6800 million yuan-9600 million yuan, a year-on-year change from profit to loss, basic earnings per share loss of 05037 yuan-07111 yuan.
The announcement mentioned that the main reason for the change in performance was that during the reporting period, the carry-over area and carry-over income of the company's real estate business decreased year-on-year; At the end of the reporting period, some of the company's real estate development projects showed signs of impairment, based on the principle of prudence, after hiring an asset appraisal agency to conduct a preliminary assessment of the inventory and conduct impairment testing, the corresponding inventory decline provision was made in the current period.
Whether the new chairman Song Yang can bring some changes to Shenzhen Industry A has become the focus of market attention.
Leju Finance learned that Song Yang, 56 years old, was the deputy director of the Shenzhen Great Wall Real Estate Co., Ltd. Office; Director of the Real Estate Management Department, Manager of the Engineering Management Center, and General Manager of Shenzhen Company of Shenzhen Changcheng Real Estate (Group) Co., Ltd.; Shenzhen Great Wall Real Estate*** director, general manager, etc.
Since 2009, Song Yang's main work experience has been mainly in Tianjian Group. He successively served as the vice president, chairman and secretary of the Party Committee of Tianjian Group, and also served as the director, general manager and deputy secretary of the Party Committee of the Special Zone Construction Engineering of the parent company of Tianjian Group.
In recent years, under the leadership of Song Yang, Tianjian Group's performance has been remarkable. From 2018 to 2022, the compound growth rate of Tianjian Group's revenue reached 269%, in the first three quarters of last year, the company achieved revenue of 17.6 billion yuan, a year-on-year increase of 368%, but the net profit attributable to the parent company increased by **27 year-on-year6% to 10300 million yuan.
At the analysis meeting of Tianjian Group's business situation in the first half of 2023, Song Yang emphasized that in the second half of the year, the group should thoroughly implement the target requirements of "one increase, one stability and four improvements", closely follow the important task of "ensuring revenue, profit and market", take the initiative to take responsibility, overcome difficulties, and strive to achieve more and better development results.
In 2023, Tianjian Group's sales in Shenzhen will reach 100100 million yuan, a year-on-year increase of 32174%, and its ranking in the Shenzhen market rose four places to No. 9.
It can be seen that Song Yang is quite experienced in "grasping growth".
Similar to Tianjian Group, Shenzhen Industry A is also a veteran state-owned enterprise in Shenzhen. According to the official website, Shenzhen Industry A is a state-controlled listed company directly managed by the State-owned Assets Supervision and Administration Commission of Shenzhen Municipality, established in May 1989, and is one of the 19 real estate enterprises in Shenzhen with first-class qualification for real estate development.
In accordance with the development idea of "based on Shenzhen and laying out the whole country", Shenzhen Industry A has basically formed a national strategic layout with Shenzhen and its surrounding areas as the center, Guangzhou, Changsha, Nanjing, Xi'an, Tianjin, Huizhou, Nanning and other cities as the focus, and radiating to the surrounding areas.
Over the years, it has developed more than 30 projects, with a cumulative construction area of nearly 10 million square meters, and its products cover various types such as villas, ordinary residences, apartments, office buildings, and commercial complexes.
However, compared with the stable performance of Tianjian Group, the performance of Shenzhen Industry A fluctuates greatly. In 2021, the asset scale of Shenzhen Industry A will reach 2360.1 billion yuan, exceeding 20 billion yuan for the first time, and achieving an annual operating income of 308.9 billion yuan, net profit attributable to shareholders of the parent company reached 54.2 billion yuan.
In the past two years, Shenzhen Industry A has been deeply affected by the downturn in the real estate industry and has entered a state of loss.
The challenges faced by Song Yang are enormous.
Related companies: Zhenye Group SZ000006