On February 16, Anhui Golden Seed Winery Co.Ltd(600199) announced that Fuyang Investment Development Group Co., Ltd., the sole shareholder of Anhui Golden Seed Group Co., Ltd., the controlling shareholder of the company, plans to transfer 49% of the equity of golden seed group to China Resources Strategic Investment Co., Ltd., a wholly-owned subsidiary of China Resources (group) Co., Ltd., by means of non-public agreement transfer.
Anhui Golden Seed Winery Co.Ltd(600199) said that after the transaction, the controlling shareholder of the company introduced important strategic shareholders and the two sides conducted long-term joint venture cooperation. This transaction will not lead to the change of the controlling shareholder and actual controller of the company. The controlling shareholder of the company is still golden seed group and the actual controller is still Fuyang SASAC. This equity transfer is a strategic reorganization between subsidiaries of central enterprises and local state-owned enterprises. It is proposed to adopt the method of non-public agreement transfer, which will take effect after being approved by relevant departments.
It is worth noting that on the afternoon of the 16th, sensitive funds smelled the “aroma” of Anhui Golden Seed Winery Co.Ltd(600199) . In the afternoon of the same day, Anhui Golden Seed Winery Co.Ltd(600199) share price suddenly made a force, and soon rose the limit and continued to the closing.
According to public information, China Resources (Group) Co., Ltd. is a key state-owned backbone enterprise, which has developed into a business covering six major fields: large consumption, comprehensive energy, urban construction and operation, great health, industrial finance, science and technology and emerging industries. It has 25 business units, one directly affiliated institution, nearly 2000 entity enterprises and 371000 employees, Ranked 69th among the Fortune 500 in 2021. At present, China Resources (Group) Co., Ltd. has a number of Listed Companies in Hong Kong and the mainland.
Since 2019, the industrial chain has been warming up and restructuring at the central level, showing distinct characteristics of the group.
Relevant experts believe that the central local mixed reform can achieve a win-win situation. On the one hand, by participating in the mixed reform of local state-owned enterprises, central enterprises can quickly complete market expansion or extend industrial tentacles and obtain new revenue and profit growth points. On the other hand, by introducing central enterprises as strategic investors, local state-owned enterprises can obtain the financial support brought by central enterprises, and even obtain the support from taking shares in central enterprises in technology and market.
Anhui Golden Seed Winery Co.Ltd(600199) looking for “backers” is related to poor performance.
In January this year, Anhui Golden Seed Winery Co.Ltd(600199) issued the announcement of annual performance loss in 2021. The company expects the net profit attributable to the shareholders of the listed company to be – 155 million yuan to – 185 million yuan in 2021. After deducting non profits, the company expects the net profit attributable to shareholders of Listed Companies in 2021 to be – 180 million yuan to – 210 million yuan. This also indicates that the company may lose again after turning loss into profit in 2020.
Anhui Golden Seed Winery Co.Ltd(600199) said that the main reason for the loss of performance is that the Baijiu liquor product structure is in the adjustment stage, the sales of the second high-end products are relatively low, and the gross sales margin is relatively low.
Huarun has invested in the Baijiu field. In August 2021, Huarun group, a listed company of Huarun group, issued a notice. The Affiliated Companies Huarun wine Holding Co., Ltd. invested in Jingzhi Baijiu liquor limited by means of capital injection in Shandong.
At that time, China Resources beer said that the company had been reviewing its strategy and exploring business opportunities to further develop its business. Chinese Baijiu Baijiu is a significant milepost, which means that the company will enter the Chinese liquor market, which will help the company’s potential follow-up business development and product mix and source of income diversification. The board of directors of the company believes that this investment is strategic (investment), which will put the company in a more favorable position to further evaluate the company’s business diversification strategy. The company will continue to be committed to China’s beer brewing business.
