Recently, listed companies have issued equity-related announcements to divest non-high-quality assets and further focus on their main business. The profitability of the assets divested by most companies was not good, which had a negative impact on the consolidated statements. Through the disposal of non-high-quality assets, it is conducive to promoting the performance of relevant listed companies to recover. Some companies have divested related assets on a large scale for purposes such as shelling.
Industry insiders said that the divestment of assets with poor profitability by listed companies is conducive to integrating and optimizing resource allocation and asset structure, revitalizing existing assets, improving resource utilization efficiency, continuously deepening quality and efficiency, and improving industrial digital and intelligent application capabilities, laying the foundation for subsequent performance growth.
Optimize the asset structure
Fuheng New Materials disclosed the announcement on the equity of ** holding subsidiary on the evening of February 29. According to the announcement, due to the operation of the holding subsidiary Fuheng Precision in recent years, it has not met expectations, and it has been determined through friendly negotiation between the two parties to the transaction that it is proposed to sell 65840,000 yuan of ** will transfer all 70% of the equity of Fuheng Precision to Zhao Zhenqiang. After the completion of this equity transfer, the company no longer holds the equity of Fuheng Precision, and Fuheng Precision is no longer included in the company's consolidated financial statements. Fuheng New Materials said that there was no harm to the interests of the company and shareholders in this transaction.
From the perspective of the reasons for the divestment of assets, a reporter from China ** Daily observed that the profitability of the assets divested by most companies was not good, which had a negative impact on the consolidated statements. Some companies said that by divesting assets, optimizing the asset structure, revitalizing existing assets, and improving resource utilization efficiency.
Taking Zhongneng Electric as an example, the company's recent disclosure on the transfer of 100% equity of its wholly-owned subsidiary and the announcement of ** assets shows that in order to further optimize the company's asset structure, revitalize existing assets, improve resource utilization efficiency, combined with the company's new energy industry development plan, Zhongneng Electric intends to transfer 100% of the equity of its wholly-owned subsidiary Shanghai Yiguan to Tianjin Zijing, with a total transaction price of about 1410660,000 yuan. The transaction will result in a change in the scope of the Company's consolidated financial statements.
In addition, taking Perfect World as an example, the company's recently disclosed announcement on ** assets shows that its subsidiary, Perfect Universe Investment Inc., shows that its subsidiary, Perfect Universe Investment Inc("PUI") entered into an agreement with ACA World, LLC, a subsidiary of Domain Capital Group, LLC, to purchase the portfolio assets of Universal Pictures held by PUI for a delivery amount of 1$6.4 billion.
According to Perfect World, the transaction is based on the company's overall business plan, further integrating and optimizing the company's resource allocation and asset structure, and there is no harm to the interests of the company and shareholders, especially small and medium-sized shareholders. The proceeds from this transaction will be used for the company's subsequent business development. The transaction will be completed in February 2024, and the net profit attributable to shareholders of the listed company is expected to be 13 million US dollars (equivalent to about 93 million yuan) after deducting the relevant tax impact and minority shareholders' gains and losses. The relevant income will be completed and recognized in February 2024, and the specific financial impact will be subject to the audit results at that time.
Helping performance rebound
Judging from the performance forecast of listed companies, the reporter of China's first newspaper combed and found that many listed companies said that the disposal of non-high-quality assets will help the performance to rebound.
Taking Gudi Technology as an example, the company expects to achieve a net profit attributable to shareholders of listed companies of 9722 in 2023730,000 yuan to 14404050,000 yuan. During the reporting period, the company turned losses into profits, mainly due to the transfer of 100% equity of its wholly-owned subsidiary, Alxa Mengmeng Dream Automobile Cultural Tourism Development, and the increase in recognized investment income, which is expected to have an impact on the company's net profit in 2023 of about 1400 million yuan.
Some companies mentioned in their performance forecasts that the closure of long-term loss-making stores will lay the foundation for subsequent performance growth.
Texhong expects that the net profit attributable to shareholders of listed companies in 2023 will be 200 million yuan to 2500 million yuan, a year-on-year increase of 6654% to 10817%;Net profit after deducting non-recurring gains and losses was 1100 million to 1400 million yuan. During the reporting period, Texhong Co., Ltd. continued to iteratively upgrade the store format and content, polish the high-quality ** chain, grasp the major marketing nodes, coordinate the national marketing, explore the public domain platform, and promote the effective improvement of store customer flow and platform traffic, and achieved year-on-year sales growth. At the same time, the company optimizes the cost structure, closes long-term loss-making stores, improves the ability of industrial digital and intelligent application, and promotes the company's low-cost and sustainable development. The company closed long-term loss-making stores, recognized the right of use, asset disposal gains, etc., and increased the net profit attributable to the parent company for the period by about 100 million yuan.
Some companies have been put on delisting risk alert and other risk alerts, and have divest their underlying assets on a large scale for purposes such as shelling.
Taking *ST Jinshan as an example, the company expects the net profit attributable to shareholders of the listed company in 2023 to be 21100 million to 22100 million yuan, with operating income of 5.9 billion yuan to 6.5 billion yuan. In this period, the company carried out major assets, including 100% equity of Huadian Liaoning Energy and 51% equity of Fuxin Jinshan Coal Gangue Thermal Power. The company said that it will continue to deepen the improvement of quality and efficiency, and promote the company's operating performance and asset quality and efficiency to be greatly improved.