Youngor's “Ming Media Zhengyi” Yike Technology Hanma Holdings

Yesterday, the announcement of changes in shares of Zhejiang Science and Technology Co., Ltd. attracted a lot of attention from the market. The second-largest shareholder of the company, Youngor, received a controlling shareholder, Ningbo Yinzhou Xinhua Investment Co., Ltd. (hereinafter referred to as Xinhua Investment) and held 34.39 million shares in the company. A major shareholder.

Youngor's “Ming Media Zhengyi” Yike Technology Hanma Holdings

Affected by this news, the company's stock price was rushed to stop rising in early trading, closing at 13.86 yuan/share, up 6.45%. The Younger stock price performance is relatively calm, closing at 11.98 yuan/share, a rise of only 0.59%. Analysts pointed out that Youngor had intentionally integrated Ekron Technologies since 2007, and the market had long expected. The current largest shareholder’s influence on Youngor’s stock price may not be obvious.

Youngor

"Discount" transferred 17% of shares

Yesterday, Eke and Youngor issued an announcement at the same time, said that on November 18, Eke Technology received a notice from the controlling shareholder Ningbo Yinzhou Xinhua Investment Co., Ltd. and the second largest shareholder Youngor, Xinhua Investment and Youngor signed on November 18th. In the "Equity Transfer Agreement," Xinhua Investment transferred 3439 million shares of its shares in Yeke Technology to Youngor, which accounted for 17% of the company's total share capital, and the total transfer price was 363 million yuan. After the transfer, Youngor became the largest shareholder of ECOTECH, holding 27.27% of direct shares and 2.57% of indirect shares. The ratio of direct holdings and indirect holdings totaled 29.84%.

According to the announcement information, Youngor’s share price of the company transferred to Elektro Technology was RMB 10.56 per share, which is a discount to the current stock price of the company.

Although apparently the transfer of shares did not involve changes in the actual controller, analysts pointed out that this may be Li Rucheng ready to more effectively adjust and lay out its textile and apparel assets. After the reintegration of the assets, the company's main business of apparel accessories and hemp business has become a junior company of Youngor, which will have a more positive impact on further improving Youngor's apparel and textile business chain.

According to the three quarterly reports announced by the company before the acquisition, the company's total profit in the first three quarters reached 14.2264 million yuan, which exceeded the total profit of 10.756 million yuan in 2009; net profit reached 6.592 million yuan, and it was close to the total net profit for 2009. . Analysts pointed out that as early as 2007, Youngor had acquired the idea, but later stopped the acquisition due to tax issues and purchase price issues. Now Youngor chooses to restructure when the company's performance picks up. Not only is the purchase price moderate, but its performance will be very secure.

Where does hemp holding go?

Raise concern

After the completion of the related transaction, the rumors of the company's many years of restructuring have finally settled, and the long-awaited business of the hemp business has become a target for investors to think more.

According to the data, as early as 2007, ECO Technology and Youngor set up the Hemp Industry Investment Holdings Co., Ltd. (hereinafter referred to as Hemp Holdings), of which Youngor had 40% equity and ERK had 51% equity.

At the same time that Hanma Holdings was established, Youngor threw out plans to acquire Xinhua Investment’s shareholding in Yike Technology. A private equity person pointed out that after this Youngor became the largest shareholder of ECO, after 40% of his company's Hanma Holdings is where to go, it is the most important focus of the next step.

As hemp has always occupied an important part of the main business of EcoTech, the market expects that Youngor will fully inject 40% of its Hemp Holdings shares into Incotech, enabling it to control 91% of Hemp. In this way, it will be conducive to the expansion of Hanke's business.

In the context of the profitability of Eketech's apparel accessories business, Li Rucheng, who has always been known by the industry as a "Hannah fan," will choose to re-arrange the hemp industry at Eke. As early as January of this year, ECO Technology announced that it had sold 60% of Sun's "Ningxia Leibao", and Ningxia Leibao was producing the black carbon-lined clothing lining cloth in the main business. The previous year's gross profit margin of the business decreased. 6.4%, the profit outlook is dimming, and people in the industry think that this move may be preparing for the injection of assets for the Hanma business.

So what exactly is the prospect of the hemp project? According to statistics, the company's hemp project is designed to produce an annual output of 5,000 tons of hemp fiber and an investment of 350 million yuan. The first-stage production scale has an annual output of 2,000 tons of hemp fiber and an investment of 200 million yuan. The first phase of the project has been completed and completed in the first half of this year, and 2,000 tons of production capacity can all be put into production.