Known as the “net letter national team”, CETC’s late night amplification move!
On December 14, five listed companies of CETC issued a suggestive announcement on the free transfer of state-owned shares: Westone Information Industry Inc(002268) , Gci Science & Technology Co.Ltd(002544) , Taiji Computer Corporation Limited(002368) , Chengdu Spaceon Electronics Co.Ltd(002935) , Sun Create Electronics Co.Ltd(600990) . On December 11, CETC’s Hangzhou Hikvision Digital Technology Co.Ltd(002415) and Glarun Technology Co.Ltd(600562) issued similar announcements in advance. The equity of the above companies is transferred to China Electronics Technology Investment Holding Co., Ltd., a wholly-owned subsidiary of China Electronics Technology Group (hereinafter referred to as “electronics technology investment”).
It is noteworthy that on November 18, CETC held a special promotion meeting on the three-year action of reform. The meeting called on all departments and units to deeply study and implement the spirit of the Sixth Plenary Session of the 19th CPC Central Committee, implement the major decisions and arrangements of the CPC Central Committee and the State Council on the implementation of the three-year action for the reform of state-owned enterprises, pay attention to the effectiveness of the reform, and accelerate the implementation of the three-year action reform task. Then, combined with this promotion meeting, does the above equity transfer mean that the reform of state-owned enterprises in the Department of electrical technology has been started?
“wechat national team” action
Statistics show that China Electronics Technology Group Co., Ltd. (hereinafter referred to as “CETC”) is an important state-owned backbone enterprise directly managed by the central government, known as the “national team of Internet information industry”. CETC has more than ten listed companies, including Glarun Technology Co.Ltd(600562) , Hangzhou Hikvision Digital Technology Co.Ltd(002415) , Sun Create Electronics Co.Ltd(600990) , Gci Science & Technology Co.Ltd(002544) , Huadong computer, Westone Information Industry Inc(002268) , Chengdu Spaceon Electronics Co.Ltd(002935) , Taiji Computer Corporation Limited(002368) , Hebei Sinopack Electronic Technology Co.Ltd(003031) , acousto-optic power, etc.
interestingly, as of December 14, more than half of the dozen listed companies had the same action: free transfer of state-owned shares.
according to the Westone Information Industry Inc(002268) announcement, on December 14, 2021, the company received the notice from the controlling shareholder China Electronic Technology Network Information Security Co., Ltd. (hereinafter referred to as “China network security”), and China network security plans to transfer 18284116 shares of the company (Accounting for 2.16% of the total share capital of the company) to CETC investment for free. After the transfer, the total share capital of the company remains unchanged, and the total number and proportion of shares held by the actual controller of the company, China Electronics Technology Group Co., Ltd., remain unchanged. Among them, China NETAN holds 278750040 shares, accounting for 32.94% of the total share capital; CETC investment holds 25985229 shares, accounting for 3.07% of the total share capital.
according to the announcement of Gci Science & Technology Co.Ltd(002544) , on December 14, 2021, the company received the notice from the controlling shareholder China Power Network Communication Group Co., Ltd. (hereinafter referred to as “China Power Netcom”), which plans to transfer its 14902124 shares of the company (accounting for 2.18% of the total share capital of the company) to CETC investment.
On the evening of , similar announcements were also issued Taiji Computer Corporation Limited(002368) , Chengdu Spaceon Electronics Co.Ltd(002935) , Sun Create Electronics Co.Ltd(600990) . previously, on December 11, CETC’s Hangzhou Hikvision Digital Technology Co.Ltd(002415) and Glarun Technology Co.Ltd(600562) had issued similar announcements first. Among them, Glarun Technology Co.Ltd(600562) announced that the 14th Institute plans to transfer its 49754645 shares of the company (accounting for 4.01% of the total share capital of the company) to CETC investment for free. In addition, CETC decided to transfer Hangzhou Hikvision Digital Technology Co.Ltd(002415) 229017747 shares (accounting for 2.45% of the total share capital of the company) held by the wholly-owned subsidiary CLP Haikang to CETC investment for free.
just held a heavy meeting
This transfer may have been foreshadowed before. According to the news on the official website of CETC on November 18, CETC held a special promotion meeting on the three-year action of reform. Li Shouwu, deputy secretary and director of the Party group of CETC, attended the meeting and delivered a speech. Huang Xingdong, deputy general manager and member of the Party group, presided over the meeting.
The meeting called on all departments and units to deeply study and implement the spirit of the Sixth Plenary Session of the 19th CPC Central Committee, implement the major decisions and arrangements of the CPC Central Committee and the State Council on the implementation of the three-year action for the reform of state-owned enterprises, pay attention to the effectiveness of the reform, and accelerate the implementation of the three-year action reform task. First, we should adhere to the concept of system and complete the annual objectives on time and with quality; Second, we should pay close attention to key achievements and effectively enhance the vitality and efficiency of enterprises; Third, we should carry forward the spirit of nailing nails and speed up efforts to complete key tasks. We should focus on adhering to the unity of the party’s leadership and improving corporate governance, strengthen the construction of the board of directors and implement the functions and powers of the board of directors, and further promote the tenure system and contractual management of management members. Pay close attention to the “bull nose” of reform work, so as to comprehensively deepen reform and promote high-quality development.
The meeting stressed that all departments and units should follow the direction of reform, have the courage to take responsibility, do solid work, chew the “hard bone” and wade into the “deep water area”, focus on the gap in the progress of reform objectives and key tasks, further strengthen the sense of responsibility, pay close attention to the implementation of responsibilities, pay close attention to supervision and assessment, and ensure the high-quality completion of various reform tasks.
At the meeting, CETC instruments, CETC communications, CETC equipment and CETC Haikang made exchange speeches and shared reform experience.
The central economic work conference just held also required that we should pay close attention to the pilot of comprehensive reform of market-oriented allocation of factors, fully implement the stock issuance registration system, and complete the three-year action task of state-owned enterprise reform.
State owned enterprises are the ballast and main force of the national economy. In 2020, the assets of state-owned enterprises have accounted for more than 60% of the total assets of enterprises in China. The three-year action plan for the reform of state-owned enterprises (2020-2022) proposes that state-owned enterprises should become the market subject with core competitiveness. The mixed reform of state-owned enterprises, restructuring and integration and the reform of state-owned assets supervision system will enter a new stage of rapid and substantive promotion. More than 70% of the total tasks in the three-year period 2020-2022 will be completed by the end of 2021. 2022 will be the last year of three years of state-owned enterprise reform.
here comes the opportunity?
The data show that under the covid-19 epidemic in 2020, state-owned enterprises played a prominent role as the ballast and main force of the national economy. In the first half of 2021, they achieved contrarian growth. From January to June, the operating revenue of state-owned enterprises was 35.41 trillion yuan, a year-on-year increase of 27.7%, the total profit was 2.39 trillion yuan, a year-on-year increase of 1.1 times, and the average growth from 2019h1 to 2021h1 was 14.6%. According to the Fortune Global 500 list in August 2021, the strength of central enterprises in key fields such as high-end equipment and information technology continued to increase, and the ranking of enterprises such as China Electronics Technology jumped sharply.
Soochow Securities Co.Ltd(601555) said that the operation efficiency of state-owned capital needs to be improved, more layout is still needed in chip, operating system, core parts and other industries, and the reform of state-owned enterprises has a long way to go. By 2021, the top-level design of the “1 + n” policy system for the reform of state-owned enterprises has been basically completed, and the reform of state-owned enterprises has entered a historical key stage. The three-year action plan for the reform of state-owned enterprises (2020-2022) marks a new stage of rapid and substantive progress in the mixed reform of state-owned enterprises, restructuring and integration and the reform of state-owned assets supervision system.
China Electronics Technology Group Co., Ltd. is an important state-owned backbone enterprise directly managed by the central government. It is the main force of China’s military electronics industry, the national team of Internet Information Industry and the national strategic scientific and technological force. CETC has a relatively complete scientific and technological innovation system in the field of electronic information, occupies a technical leading position in the fields of electronic equipment, network information system, industrial foundation and network security, and shoulders the important responsibilities of supporting scientific and technological self-reliance, promoting national defense modernization, accelerating the development of digital economy and serving the people’s livelihood.
as of June 2021, CETC has more than 700 enterprises and institutions, including 47 national research institutes and 15 listed companies; It has more than 200000 employees, of which 55% are R & D personnel; It has 35 national key laboratories, research centers and innovation centers. It has been selected into the Fortune Global 500 for many years. Under the influence of the epidemic in 2020, the annual operating revenue of enterprises was 236.7 billion yuan and the net profit attributable to the parent company was 13 billion yuan. The operating revenue, total profit, net profit, economic added value and newly signed contract amount still achieved a year-on-year increase of “5 over 7%”.
On August 31, 2021, CETC held a symposium on the high-quality development of listed companies, which pointed out that under the leadership of the group’s Party group, the group’s holding listed companies implemented the work requirements of “the main position of industrial development, the main force of asset preservation and appreciation, the main channel of external financing and the main platform for system and mechanism innovation”, and the overall market value continued to rise. CETC focuses on electronic equipment, network information system, industrial foundation and network security. Its development strategy is clear. It aims to have 100 billion listed companies in the four plates in the future.
Soochow Securities Co.Ltd(601555) believes that strengthening market value management and making its listed companies bigger and stronger. It is expected that asset injection within the group and extension M & A outside the group are two ways. As a large state-owned Technology Group shouldering the mission of national defense modernization and supporting the development of digital economy, CETC will continue to actively explore and promote the capital operation of its subordinate listed companies along the road of success, Implement the spirit of relevant national policies to actively promote the reform, merger and reorganization of state-owned enterprises, optimize and adjust the industrial layout and asset structure through market-oriented means, promote the transformation and upgrading of affiliated listed companies, and achieve high-quality development.
(brokerage China)
