Today, Hainan Airlines Holding Co.Ltd(600221) (600221) rarely rose. Tonight, the company announced that the company actually controls renfangwei and plans to increase its shares through the centralized bidding trading system of Shanghai Stock Exchange within six months from February 10, 2022.
The announcement said that the number of shares to be increased this time is 50 million to 100 million shares (accounting for about 0.15% to 0.30% of the company’s shares). There is no price range for this increase, and the increase will be implemented according to the fluctuation of the company’s stock price and the overall trend of the capital market.
On December 8, 2021, the actual control right of the main business of HNA Airlines was officially transferred to the strategic investor Liaoning China Fangda Group Co.Ltd(000055) Industry Co., Ltd. (hereinafter referred to as China Fangda Group Co.Ltd(000055) ). Through the highest bid of 38 billion yuan (plus 3 billion yuan of risk relief fund), Fangda has achieved absolute control over the HNA aviation sector. At the same time, Fang Wei, chairman of China Fangda Group Co.Ltd(000055) , has also become the actual controller of Hainan Airlines Holding Co.Ltd(600221) .
At present, the total number of Hainan Airlines Holding Co.Ltd(600221) equity shares controlled by Fangwei is 8295314578 shares, and the total proportion of Hainan Airlines Holding Co.Ltd(600221) equity shares controlled by Fangwei is 24.95%.
According to the reporter, according to the investment arrangement in the reorganization plan, Fangda obtained Hainan Airlines Holding Co.Ltd(600221) no less than 4.4 billion A-share shares at a consideration of 12.3 billion yuan, which means that the cost price of Fangda’s stake in HNA holdings is about 2.795/share.
Nearly two months after Fang Da took over, the share price of Hainan Airlines Holding Co.Ltd(600221) has fallen below two yuan, and the closing price after today’s rare rise limit is 1.94 yuan.
If calculated at today’s closing price of 1.94 yuan / share, Fang Wei needs to spend 97 million yuan to 194 million yuan to increase his shareholding in HNA.
The announcement said that the purpose of this increase in shares is based on the recognition of the company’s investment value and confidence in the company’s future development prospects. The capital arrangement of this proposed increase in shares is self owned funds.
It is worth noting that just before the Spring Festival, Hainan Airlines Holding Co.Ltd(600221) released the performance forecast for 2021. It is estimated that the net profit attributable to the parent company will be 4.5 billion yuan to 6.2 billion yuan in 2021, becoming the most profitable listed airline company in 2021.
However, the reason why Hainan Airlines Holding Co.Ltd(600221) turned loss into profit mainly benefited from the reorganization, affecting an amount of about 16 billion yuan to 17.6 billion yuan.
If the non recurring profits and losses obtained based on the restructuring income are deducted, the non net profit attributable to the parent company in Hainan Airlines Holding Co.Ltd(600221) 2021 is still a loss of 8.8 billion yuan to 10.5 billion yuan.
At the same time, Hainan Airlines Holding Co.Ltd(600221) also said that the company’s net assets attributable to shareholders of listed companies turned positive at the end of 2021, which is expected to be 9.5 billion yuan to 11.2 billion yuan, which means that it is one step closer to taking off the hat of St.
According to the reporter, although the large-scale liabilities of HNA airlines have been reduced through the bankruptcy reorganization procedure, the aviation industry has still been hit repeatedly by the epidemic since the start of the reorganization of the Spring Festival last year. At present, the operating level of HNA, whether in terms of transportation capacity, flights or income, is only about 40% compared with that before the epidemic. The Aviation Division under HNA is faced with problems every day, It is still a loss of tens of millions or even hundreds of millions. In front of Fangda, HNA still needs to be rescued. In the reality of difficult profitability in the short term, what is needed is more cash for continuous investment.
In this regard, a senior executive of China Fangda Group Co.Ltd(000055) stressed at an employee discussion before the spring festival that ” China Fangda Group Co.Ltd(000055) will have a net profit of about 15 billion in 2021, with a profit of more than 10 billion every year in these five years. Chairman Fang has stated that China Fangda Group Co.Ltd(000055) will spare no effort in supporting HNA, so please rest assured.”
In the past month since Fang Da took office, the management systems of almost all fields and departments of HNA have been revised. Around New Year’s day, the new systems of 14 business systems began to be issued one after another.
This is most obvious at the level of employees in the administrative departments of HNA Airlines: face recognition is needed to punch in and out of work. Due to the strict implementation of the 8-hour working system of administrative posts, the original lunch and lunch break time is shortened, or the working time is advanced / delayed, and there is a special provision of “no meeting during working hours, and the meeting is after work”.
When it first appeared at the HNA aviation cadre and staff meeting on December 8, Fang Wei once mentioned: “this area may be more difficult at the beginning. You may work overtime. In a few months, you may not be like this. It’s easy enough. If there is no system, we have established the system. If there is a system that has not been implemented well, this is the red line, which must be implemented. Anyone who does not implement it will be dealt with according to the system.”
