Changjiang Commercial Daily News ● Changjiang Commercial Daily reporter Shen Yourong
After two years, the National Energy Group finally went further and won the control of Western Entrepreneurship (000557.SZ). This Ningxia state -owned enterprise became a state -owned enterprise in one fell swoop.
According to the announcement, on November 6, Ningxia State -owned Capital Operation Group Co., Ltd. (referred to as "Ning Guoyun") and National Energy Group Ningxia Coal Industry Co., Ltd. (Referred to as "Ningxia Coal Industry") signed a share transfer agreement.
Transfer 5%of the shares, the transaction price is about 441 million yuan. Although the scale is not large, the western entrepreneurship will change, and Ningxia Coal Industry will become the companys new controlling shareholder.
The direct impact of Yi Lord is that on November 7 and 8, western entrepreneurship continued to daily limit.
The main businesses of Western entrepreneurs include railway transportation and supply chain trade services. The company claims that it has the advantages of location, road network and market.
The performance of the western entrepreneurial operation is stable.In the first three quarters of this year, the companys net profit attributable to shareholders of the parent company (hereinafter referred to as "net profit") exceeded 200 million yuan, an increase of more than 10%year -on -year.
Good financial conditions are also the core competitiveness of western entrepreneurship.As of the end of September this year, the companys asset -liability ratio was only 8.20%.
440 million central enterprises won control
Western entrepreneurial owners, central enterprise National Energy Group obtained control right.
According to the announcement, Ning Guoyun, the controlling shareholder of the Western entrepreneurial, signed an equity transfer agreement with Ningxia Coal Industry. The following referred to as "the shares of the target", accounting for 5%of the companys total shares) agreement was transferred to Ningxia Coal Industry.
The "Share Transfer Agreement" is an effective condition agreement, and it will take effect from the date when all effective conditions are met.
The transfer price is 6.05 yuan/share, which is about 19%from the companys closing price of 5.09 yuan/share on November 5, and the total share transfer price is about 441 million yuan.
Although it is only a 5%equity, the western entrepreneurship is easy.
Before the transaction, both Ningxia Coal Industry and Ning Guoyun held 17.19%of Western Entrepreneurship, and the two were tied as the companys largest shareholder.After the completion of the transaction, the shareholding ratio of Ningxia Coal Industry will rise to 22.19%, and the shareholding ratio of Ningguo will drop to 12.19%.Therefore, the companys controlling shareholder was changed to Ningxia Coal Industry.
The equity structure of Ningxia Coal Industry is that the State Energy Group holds 51%of the shares and 49%of the Ningguo operation shares.Ning Guoyun is a wholly state -owned enterprise in Ningxia, with 100%of the Peoples Government of Ningxia Hui Autonomous Region.Therefore, after the completion of the equity transfer transaction, the actual controller of the Western entrepreneurship will be changed from the Ningxia Hui Autonomous Region Peoples Government to the National Energy Group.
The reporter from the Yangtze River Business Daily found that two years ago, Ningxia Coal Industry had already invested in western entrepreneurship.
In early January 2021, Western Entrepreneurship issued an announcement that Ning Guoyun, the controlling shareholder holding 29.47%of the company, planned to transfer the companys shares. Industry holds 4.90%of the shares of Western entrepreneurship.
On September 2, 2022, Western Entrepreneurship further announced that Ning Guoyun and Ningxia Coal Industry signed a shares transfer agreement, agreed that Ning Guoyun planned to put about 179 million shares held by Ning Guoyan (12.28%of the total number of shares in the company) The agreement was transferred to Ningxia Coal Industry.The transfer price is 6.05 yuan/share, and the total transaction price is about 1.084 billion yuan.
After the transaction was completed, the Ningxia Coal Industry and Ningguo Transport share ratio were 17.19%, and it was listed as the companys largest shareholder.
From the above information, this transaction seems to be part of the Packal of the Western Entrepreneurship Masterpiece.In other words, as early as two years ago, the two parties of the transaction agreed to transfer the transfer of control.However, it was surprising that it continued to advance after more than two years.
It is worth mentioning that although the National Energy Group has obtained the control of western entrepreneurship, because Ningguo held 49%of the equity of Ningxia Coal Industry, Ningxias state -owned assets still Holding 23.06%of the equity.
Net profit growth for four consecutive years
Easy Lord to start a business to the National Energy Group, and the business presentation is good trend.
Western entrepreneurship mainly engaged in railway transportation and supply chain trade services.The service target of the railway transportation is Ningxia Ningdong Energy Chemical Base and radiating the surrounding surroundings. The main transportation goods are coal, with a mileage of 315 kilometers and a total extension of 642 kilometers. He is the heavy responsibility of the transportation of industrial raw materials and products such as coal, oil, chemical supplies such as coal, oil, and chemical supplies of Ningdong.The supply chain trade business is based on railway transportation, and makes full use of its advantages to provide procurement, transportation, warehousing, sales, information and other services for upstream and downstream customers.
Western entrepreneurs say that the companys competitive advantage is mainly reflected in the tube line, in the field of transportation, with location advantages, road network advantages, market advantages, competitive advantages, etc.
In terms of location advantage, Ningdong Energy Chemical Base is an important large -scale coal production base in the country, the "West East Transmission" thermal power base, the coal chemical industry base, and the national industrial transformation and upgrading demonstration demonstration demonstration demonstration demonstration demonstration demonstration demonstration demonstration demonstration demonstration demonstration District, modern coal chemical industry demonstration zone, green park, new industrialization industry demonstration base, foreign trade transformation and upgrading base, together with Shaanxi Yulin and Ordos, Inner Mongolia, form a national energy "Golden Triangle". It has become the first chemical park in the northwest with an output value of 100 billion yuan.The Ningdong Railway Yi Ningdong Energy Chemical Base is an important transportation channel and transportation support in Ningxia and even the "Golden Triangle" region of Ningxia and even the energy of the energy. "The regional trunk structure has obvious location advantages.
In terms of market advantages, Ningdong Energy Chemical Base and the demand for coal in the radiation area are strong, and "white goods" products such as coal -making oil, coal chemical industry also have external transportation needs, and railway transportation has sufficient supply. It can give full play to the advantages of railway stability, heavy loading, long distance, energy saving and environmental protection.Most of the companys railway transportation services are central enterprises, state -owned enterprises, and large private enterprises. Customer resources are relatively stable, and the payment capacity of payment is strong.
In recent years, the operating performance of western entrepreneurship has shown a growth trend.In 2020, the companys net profit realized was 172 million yuan, and from 2021 to 2023, it was 226 million yuan, 238 million yuan, and 242 million yuan, which continued to grow.
In the first three quarters of this year, the companys net profit achieved was 224 million yuan, an increase of 13.90%year -on -year.
The financial status of entrepreneurship in the west is better.As of the end of September this year, the companys asset -liability ratio was only 8.20%.At the end of the period, without debt, monetary funds reached 2.374 billion yuan.In the first three quarters, the companys financial expenses were 0.42 million yuan.
It is worth mentioning that the National Energy Group is 84th in the Fortune 500 in 2024. The Group owns the entire industrial chain business of coal, power, transportation, chemical industry.
In the opinion of market participants, the national energy group is expected to empower western entrepreneurship and help improve their profitability.
