The first annual report after the re-reading ST long net oil profit fell more than 12% to apply for cap removal | fell more than _ Sina


First annual report after listing in

Long oil STNet income fell more than 12%

In the afternoon of March 19, with the aura of "re-listing the first lawsuit," the listed company Yangtze River Shipping Group Nanjing Oil Transportation Co., Ltd. (abbreviated name: ST Changyou 601975) released the first annual report after the listing. He also stated that he had submitted a request to the Shanghai Stock Exchange to revoke other risk warnings about the company's shares.

The 2018 annual report shows that ST Changyou's operating income and net income attributable to shareholders of listed companies were 3.378 billion yuan and 3.6 billion yuan, down 9.41% and 12.25% year-on-year, basic earnings per share was 0.0717 yuan, 12.25% year-on-year. Among them, ST Changyou's domestic trade and foreign trade achieved operating income of 1.66 billion yuan and 1.718 billion yuan, respectively, down 28.42% and 22.16% year-on-year.

In addition, at the end of 2018, total assets, total liabilities and shareholders' equity of ST Changyou attributable to shareholders of listed companies was 7.927 billion yuan, 4.049 billion yuan and 3.765 billion yuan respectively. According to this calculation, the ratio of assets and liabilities of ST Changyou at the end of 2018 is 51.08%.

Continuing profitability

According to the data, ST Changyou was founded in 1993 and is mainly engaged in the oil transportation business on both coastal and international routes and was listed on the Shanghai Stock Exchange in June 1997. From 2010 to 2012, ST Changyou lost 24.6 million yuan, 749 million yuan and 1.238 billion yuan respectively, and was suspended on April 21, 2013. After that, it continued to lose 5.919 billion yuan in 2013, causing four consecutive years of losses. The red closing line was withdrawn on June 5, 2014.

After a series of asset restructurings, ST Changyou resumed profitability. According to the re-listing report released by ST Changyou on December 27, 2018, from January to September 2015, ST Changyou's operating income was 5.479 billion yuan, 5.78 billion yuan, 3.779 billion yuan yen and 2.49 billion yuan, respectively. Yuan, net profit attributable to shareholders of the parent company was 628 million yuan, 560 million yuan, 411 million yuan and 220 million yuan respectively.

On March 19, ST Changyou said that, according to the annual report released in 2018, the company continued to earn profits and its business conditions, there being no other risk warnings of other company shares being exchanged for the stock and submitted to Shanghai stock exchange for cancellation of the company. If the inventory implements other risk warning applications, the Shanghai Stock Exchange will decide whether to cancel other risk notices according to the actual situation within five business days of the date of receipt of the company's request.

On November 2 last year, Changhang Oil Transportation was approved by the Shanghai Stock Exchange to re-list the company's shares, said that after the company was withdrawn, implemented the reorganization of bankruptcy the same year and sold the largest ship VLCC. The oil tanker reduced the huge debt burden. Since then, the company has gradually improved and restored its sustainable profitability and the ability to continue operations through its own efforts, without altering the main businesses and actual controllers.

On January 8 of this year, ST Changyou officially re-listed According to the Shanghai Stock Exchange statement at the time, Changhang Oil Transportation needed to negotiate at least the risk board until the company released its first annual report after listing .

The top ten shareholders did not change their holdings

On November 28, 2014, the Nanjing Intermediate People's Court determined the approval of the ST long oil recovery plan, based on the existing total capital stock of ST Changyou, the capital reserve fund was increased by 4.8 shares per 10 actions. About 1.629 billion shares. Subsequently, ST Changyou used the share to transfer shares and all shareholders to transfer the shares in accordance with the corresponding proportion, with a price of 43.5 shares (2.3 yuan / share) for every 100 yuan of claims, and the shares have been repaid, totaling about 62 Billion debts There are 13 financial institutions that have gone from lenders to shareholders, and all of them promise not to reduce their holdings within 12 months from the time of re-listing.

The 2018 annual report shows that there is no change in ST Changyou's top ten shareholders,SinotransChanghang Group Co., Ltd., ChinaConstruction benchJiangsu Branch of Co., Ltd.Bank of ChinaThe Jiangsu subsidiary of Co., Ltd. holds 27.02%, 7.72% and 4.98% respectively, ranking among the top ten shareholders of ST Changyou.

Since re-listing on January 8 this year, ST stock price Changyou came out of the "V-shaped" form. Touched the lowest point of 2.04 yuan / share since the re-listing on January 31. At that time, the reference price of the first day of listing was 4.31 yuan. / Stocks fell 52.7%, while 2.04 yuan / share was also lower than the aforementioned bankruptcy reorganization, the share price of the debt of 2.3 yuan / share.

Subsequently, ST Changyou began to rise, from the lowest point of 2.04 yuan / share on January 31 to the closing price of 3.10 yuan / share on March 19, ST long stock price rose 52.0%.

In addition, on December 28, 2015, the State Assets Supervision and Administration Commission of the State Council issued an approval to transfer the original controller of the company, Sinotrans Changhang Group Co., Ltd., to China Merchants Group Co ., Ltd. as a subsidiary. Upon completion of the reorganization, China Merchants Group will become the actual controller of the company, but the State Board of Assets Supervision and Administration Commission has not changed as the ultimate controller of the company.

On March 19, ST Changyou said that because of changes in work, Su Xingang no longer acted as director and chairman of the company, Li Wei no longer acted as director of the company, and his term was from April 20, 2018 to 2021 On the 19th.

Among them, Su Xingang was born in October 1958. He served as Vice President of China Yangtze River Shipping Corporation (Group), deputy director and director of the Department of Water Transport of the Ministry of Communications, and chief economist, counselor general and vice president of China Merchants Group Co., Ltd .; Li Wei, born in September 1963, served as general manager of China Chartering Company and assistant general manager of Sinotrans Changhang Group Co., Ltd.

Instead, the shareholder of ST Changhua Holdings, Sinotrans Changhang Group Co., Ltd., has recommended Zhang Yi and Zhang Jinti as supplementary candidates. According to the information, both above items have the history of the China Merchants Group.

Zhang Yi was born in August 1970. He is currently deputy director of the Department of Capital Operations of China Merchants Group Co., Ltd. Zhang Jinti was born in October 1970. He was deputy director of the Department of Transportation Management Domestic Department of Transportation Ministry of Transport. Chang, the current general manager of the Department of Enterprise Planning Management of China Merchants Energy Transportation Co., Ltd.

Beijing News reporter Xiao Wei Editor Wang Jinyu Review Li Ming

E-mail the reporter: [email protected]


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