Recently, Chang’an Huitong Co., Ltd. (hereinafter referred to as Chang’an Huitong), Frankfurt Airport Group Asia Co., Ltd. and China Aviation Airport Investment Co., Ltd. held a signing ceremony for the share transfer of Xi’an Xianyang International Airport in Xi’an. After this equity delivery, Chang’an Huitong will become the second largest shareholder of Xi’an Xianyang International Airport.
According to public information, Chang’an Huitong is the state-owned capital operation platform of the state owned assets supervision and Administration Commission of Shaanxi Provincial People’s Government (hereinafter referred to as Shaanxi SASAC). It was officially established in February 2020 with a registered capital of 20 billion yuan.
The reporter of daily economic news noted that since March 2022, Chang’an Huitong has made frequent actions. First, it has received the transfer of equity of Shaanxi Xifeng Wine Co., Ltd. and become its second largest shareholder; Later, the company increased its shareholding of Xi’An Global Printing Co.Ltd(002799) with a shareholding ratio of 0.014% and a total increase of 435500 yuan. Taking over part of the equity of Xi’an Xianyang International Airport is the third recent move of Chang’an Huitong.
fully state owned
On March 31, Xi’an Xianyang International Airport Co., Ltd. (hereinafter referred to as Xi’an Xianyang Airport) held the 21st general meeting of shareholders, unanimously agreed that China Aviation Airport Investment Co., Ltd. (hereinafter referred to as AVIC investment) and Frankfurt Airport Group (Asia) Co., Ltd. (hereinafter referred to as Frankfurt Airport) respectively transferred their shares of Xi’an Xianyang Airport Company, and signed the share transfer agreement after the meeting. Chang’an Huitong attended the signing ceremony of the share transfer agreement.
According to the procedures and requirements of share transfer, Chang’an Huitong will transfer the shares held by Frankfurt airport through non-public agreement, and the shares held by AVIC investment will be transferred through public listing through the property right trading institution.
At present, Western Airport Group Co., Ltd. (hereinafter referred to as Western Airport Group) holds 50.9%, Frankfurt airport holds 24.5% and AVIC investment holds 24.5%. After the delivery, Chang’an Huitong will become the second largest shareholder of Xi’an Xianyang International Airport.
It is worth noting that the Western Airport Group is directly held by Shaanxi SASAC and indirectly held by Shaanxi investment group Co., Ltd. and Chang’an Huitong. Therefore, Shaanxi SASAC has become the absolute major shareholder of Western Airport Group, with a shareholding ratio of about 95%.
This means that Xi’an Xianyang International Airport will also be fully returned to the state after the equity delivery.
meaning of equity change
The reporter learned that as the state-owned operation platform of Shaanxi SASAC, 2021 is the first full operation year of Chang’an Huitong, with a total annual profit of 682 million yuan.
Since its establishment two years ago, Chang’an Huitong has not only accepted the equity transfer of Shaanxi Pharmaceutical Group, geology and mining group, Shaanxi water and other provincial enterprises, but also participated in the capital operation of local state-owned enterprises and local listed companies for a long time. As a key investor, it has successively participated in the fixed increase and share reform listing of eight enterprises, including Western Securities Co.Ltd(002673) , Shaanxi Construction Engineering Group Corporation Limited(600248) , Baoji Titanium Industry Co.Ltd(600456) and so on.
It can be said that Chang’an Huitong has shown a multi-point flowering trend in promoting the reform of state-owned assets and state-owned enterprises in Shaanxi, revitalizing the stock of state-owned capital and guiding the adjustment and optimization of the layout and structure of state-owned capital. Xi’an Huiyang airport will be a very important way to promote the reform of state-owned enterprises and accelerate the return of state-owned enterprises to Xi’an in the future.
Since its establishment in 2008, Xi’an Xianyang International Airport has benefited from a better development environment and the support of all parties, continuously improved its operation guarantee and continuously optimized its business model. It has not only maintained the forefront of the top ten airports in China, but also achieved development performance satisfactory to all shareholders.
According to the bulletin issued by the Civil Aviation Administration, in 2021, Xi’an Xianyang International Airport completed a passenger throughput of 301733 million person times, ranking ninth in the country; The cargo and mail throughput reached 395600 tons, also ranking ninth in China; 257000 aircraft took off and landed, ranking eighth in China.
As the promoter of further deepening the reform of state-owned assets and state-owned enterprises in Shaanxi, Chang’an Huitong will further optimize the management structure of Xi’an Xianyang Airport and improve the governance efficiency through equity investment. Chang’an Huitong said that under the guidance of superior units such as Shaanxi provincial Party committee, provincial government and provincial SASAC, the company will cooperate with Western Airport Group to further optimize and build an international aviation hub and better serve local economic and social development.
