Himfr.com Reports St Chunlan Coming Into The Premises And Electricity To Achieve Overall Listing
"The main business of existing air-conditioning
, based on the real estate and electricity into a number of new profitable projects, thereby expanding the development platform for listed companies and space." Chunlan In an interview yesterday, the relevant responsible person "Securities Daily" an interview with said.* ST Chunlan circulating shares suspended nearly a year and a half of the heart can finally put down. * ST Chunlan yesterday issued a public notice, examination and approval by the Shanghai Stock Exchange, the Company A shares since November 13, 2009 at the Shanghai Stock Exchange for relisting.
As air-conditioning industry, intense competition and many other reasons, * ST Chunlan from 2005 to 2007 in three consecutive years of losses. Since April 28, 2008 has been, * ST Chunlan by the Shanghai Stock Exchange to suspend trading once the verge of delisting risk.
Immediately, the local government under the strong prop, a rescue "Private" Chunlan emergency operations began. Taizhou City Department of Finance late last year to give a one-time subsidies to 50 million yuan Chunlan, followed by the company with 1.4 million sold company-owned piece of land, while a total of 586 million yuan to recover arrears.
Financial subsidies, sale of land for cash, collection of arrears and three ax wielded together to ensure the 2008 Annual Report * ST Chunlan settlement before the losses, thus the success of insurance card. In order to ensure sustained profitability in 2009 the company, * ST Chun-lan, also announced that the value of 656 million yuan with the accounts receivable, as well as its stake in three subsidiaries owned by the Group Replacement Chunlan plant 10% stake in Taizhou, Taizhou Starwise 60% stake in real estate companies and 156,000 square meters of land and other assets.
After a series of restructuring, Chunlan shares renewed vigor. 3 Quarterly Bulletin revealed that the third quarter of this year operating income 3 billion yuan and net profit of 159 million yuan, up by 176%. At this point, in September this year, a ~, * ST Chunlan cumulative net profit of 54.73 million yuan, according to the total capital 51,945.8538 million shares, earnings per share 0.15 yuan.
Company's marketing and sales initiatives to become a key factor in profitability. Chunlan Group, according to a relevant person in charge, Chunlan future development "trinity" of the marketing model, one based on the full investigation, and in some stores less developed regions as the regional agent system; the second is to continue to cooperate with the traditional store ; third is to strengthen the construction of stores and further enhance the company's brand image.
This year, by household appliances to the countryside, trade-in, the product upgrading of the structure as well as demand continues to drive the real estate for home appliances, a gradual improvement in export markets such as multiple positive effects, household appliances industry, the economy continued to enhance the degree. It is understood that Chunlan shares in the National "home appliances to the countryside," winning the domestic 31 provinces and autonomous regions.
At the 106th China Import and Export Fair (Canton Fair), the Chunlan closely around the low-carbon, energy efficiency and so make a big fuss, exhibiting hundreds of products, not only with Europe, the Middle East and Southeast Asia, many of the old customers on the spot Order signed contracts, but also with South America, Australia and Africa, finalized a new buyer's intention to strengthen co-operation.
"Continued to stimulate domestic consumption is expected to strengthen the international economic recovery, household appliances industry, a variety of favorable factors continue to increase, the industry prospects." Aijian Securities analyst pointed out that "as the Chunlan shares resume trading, it will play Chunlan product sales positive role in promoting. "
An industry are told reporters that the program should not have been published for the reorganization of an end Chunlan shares, the Group may be a new profitable projects to continue into the listed company, the future will Chunlan shares listed as a whole.
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