A news over the weekend showed that the new actual controller of the listed company Bece Legend Group Co.Ltd(000803) ( Bece Legend Group Co.Ltd(000803) . SZ) has been settled.
According to the announcement, on May 19, Bece Legend Group Co.Ltd(000803) learned that the controlling shareholder Beikong clean has connected with the wholly-owned subsidiary Hongcheng Global Investment Co., Ltd. of shangao finance to complete the share registration procedures. The actual controller of the company was changed from Beijing SASAC to Shandong SASAC.
Investors familiar with Bece Legend Group Co.Ltd(000803) know that this is not the first time that the actual controller of this listed company has been changed.
In retrospect, Bece Legend Group Co.Ltd(000803) was listed as early as 1998. At that time, it was referred to as Meiya shares, and its registered address was in Shunqing District, Nanchong, Sichuan. According to the announcement of “change of the largest shareholder” on November 23, 2001, the largest shareholder of the company at that time was Nanchong state owned assets supervision and Administration Bureau, because the reform function was assigned to Nanchong Finance Bureau.
From 2002 to 2003, Chengdu Jinyu Group Co., Ltd. stepped in and became the new largest shareholder of the listed company through transfer. In June 2004, the new company name was about to appear: Jinyu Auto City.
In the following ten years, the situation also changed. Until August 2020, Jinyu auto city changed its name to Bece Legend Group Co.Ltd(000803) , and the actual controller of the company changed again. According to the disclosure, since 2017, Beikong cleaning has obtained the actual control right through the listing in the secondary market, the acquisition and increase of shares by tender offer and the signing of concerted action agreements with a series of shareholders. The actual controller of Jinyu Auto City has become the concerted action person of Beikong and SDIC. After the disclosure, it is Beijing SASAC and Nanchong SASAC. In fact, the company’s main business has changed from silk, real estate and automobile to new energy investment, services, equipment and other fields since 2017. Even in the strategic transformation, the company sold all its real estate business.
After that, in November 2020, with the termination of the relationship between persons acting in concert, Bece Legend Group Co.Ltd(000803) the controlling shareholder changed from Beikong cleaning and Nanchong SDIC to Beikong cleaning, and the actual controller changed from Beijing SASAC and Nanchong SASAC to Beijing SASAC.
Now, shangao finance has taken control of Bece Legend Group Co.Ltd(000803) in one fell swoop. Listed companies said that this will not have an impact on the normal production, operation and sustainable development of the company. Relying on the resources of controlling shareholders will help listed companies expand their main business. The current Bece Legend Group Co.Ltd(000803) focuses on the treatment of kitchen organic waste and the resource utilization of waste edible oil.
According to the data, Bece Legend Group Co.Ltd(000803) has been operating well in recent years. In 2020, the operating revenue was 347 million yuan, an increase of 137426%, and the net profit was 45132000 yuan, an increase of 126.25%; In 2021, the operating revenue was 827 million yuan, an increase of 138.33%, and the net profit reached 805063 million yuan, an increase of 78.38%; In the first quarter of 2022, the operating revenue was 338 million yuan, a year-on-year increase of 75.73%, and the net profit was 403845 million yuan, an increase of 300.69%, which is equivalent to half of the net profit in 2021.
Bece Legend Group Co.Ltd(000803) I concluded that in the first quarter of 2022, the company benefited from the increased demand for renewable energy in the “double carbon” era, the growth of the business scale and high price of waste edible oil of the company’s food waste recycling products, which improved the profitability of the company; In addition, the good performance of the data in the first quarter is also due to the fact that Beikong Shifang, a wholly-owned subsidiary of the company, won the bid for Yueyang kitchen waste treatment project phase I project equipment procurement (the first batch) in the first half of 2021, Xiangtan kitchen waste resource utilization PPP project and social capital bidding procurement project, which recognized part of the income during the reporting period.
