Geron Co.Ltd(002722) (002722) the controlling shareholder and actual controller are planning the change of control of the company, and the trading of the company’s shares will be suspended from January 4. The counterparty belongs to the trade and manufacturing industries.
proposed change of control
On December 31, Geron Co.Ltd(002722) announced that on the afternoon of December 31, the company received the notice of Nantong Jinlun Holding Co., Ltd. (hereinafter referred to as “Jinlun holding”) and its concerted actor Anfu International (Hong Kong) Investment Co., Ltd. (hereinafter referred to as “Anfu international”) and Lu Ting, the actual controller of the company, and learned that it planned to plan the change of control of the company, Jinlun holdings and Anfu international intend to transfer their shares of the company to the counterparty, accounting for about 29% of the total share capital of the company.
Geron Co.Ltd(002722) said that if the above transactions are carried out smoothly, the control of the company will be changed. The counterparty belongs to the trade and manufacturing industry, mainly engaged in the manufacturing, sales and trade of wire and cable, stainless steel, iron core and other products, import and export trade, etc. Matters related to this transaction need to be approved in advance by the competent department.
Upon the company’s application to the Shenzhen Stock Exchange, Geron Co.Ltd(002722) company’s shares and convertible corporate bonds will be suspended from the opening of the market on Tuesday, January 4, 2022. It is expected that the suspension will not exceed 5 trading days.
Geron Co.Ltd(002722) was founded in 1987 and landed on the small and medium-sized board of Shenzhen Stock Exchange in 2014. Before listing, the company has become the world’s leading professional manufacturer and service provider of textile carding equipment. After listing, the company stripped the traditional main business of textile carding equipment R & D and manufacturing, operated independently by a wholly-owned subsidiary, and transformed the parent company into an industrial investment group to carry out industrial layout, At present, it is an industrial investment group focusing on the subdivided field of industrial products.
performance maintained a high growth trend in the fourth quarter
In the first three quarters of this year, Geron Co.Ltd(002722) achieved a total revenue of 2.341 billion yuan, a year-on-year increase of 43.75%, and a net profit of 125 million yuan, a year-on-year increase of 513.69%. So far this year, the Geron Co.Ltd(002722) share price has risen by 40% as a whole.
The reporter of securities times · e company found that recently, Geron Co.Ltd(002722) has received three institutional surveys, respectively on September 6, December 2 and December 3. In these institutional investigations, the company’s layout in the field of hydrogen energy, whether it can maintain a high growth trend in the fourth quarter, and the impact of steel price fluctuations on the company have become the focus of investors.
Geron Co.Ltd(002722) said that the company entered the hydrogen energy industry mainly to find business opportunities that can be combined with the company’s technology accumulation and advantages in these emerging fields. Although Kunhua technology invested by the company is a start-up company, the technical team has certain accumulated personnel in the industry, and the team member configuration is relatively perfect. Kunhua technology mainly explores hydrogen energy storage and hydrogen fuel cell engine in hydrogen energy. At present, product R & D and business expansion are relatively smooth.
For the fourth quarter results, Geron Co.Ltd(002722) said that last year, due to the impact of the epidemic and the provision of impairment, the performance base was low. The company’s business has fully recovered this year, with sufficient orders. Moreover, the company has increased its R & D efforts, which has further promoted the proportion of high-end products. The company instinctively maintained a growth trend in the fourth quarter, but it has slowed down slightly compared with the previous three quarters.
As for the impact of steel price fluctuation on the company this year, Geron Co.Ltd(002722) said that the company reduced the impact of raw material price fluctuation by locking the upstream and downstream prices and controlling the quantity of raw materials in stock. If the price of raw materials is greatly reduced, it will have an impact on the company’s profits, but the impact will not be great. As the upstream is a large steel plant, the company can not influence the price, but the company strives to reduce the cost of raw materials through internal refined production management and improving the product production rate.
(Securities Times · e company)
