Continuous
hands, Pune equity
In the evening
of December 7, Harbin High-Tech also announced an asset sale announcement and
an investment announcement, while the its sell and buy assets involved in the
same company.
Day, Harbin
High-Tech with four companies signed a contract to sell a total of $ 2.61
million equity Pune Solar total transfer price of 89.55 million yuan.
At the same
time, the puni solar After the announcement will be selling a stake in Pune
Solar, that on the same day declared its readiness to Pune Solar replenishment
of $ 8,000,000 (the day of the exchange rate, or about 49.85 million yuan) to
buy its $ 3.75 million equity.
The equity a
one, Harbin High-Tech Pune solar panel stake is almost no change. Before Harbin
High-Tech holds a 31.2% stake in Pune Solar, after the capital increase its
stake to 31.07%.
Harbin
High-Tech earnings information Pune solar the main film solar cells, modules,
with an annual output of the 3MW copper indium gallium selenide thin-film solar
cells, modules R & D capital projects. In the first half of 2009-2012, the
net profit of Pune Solar to -145.8 million, of -1257.6 million, 7.267 million
yuan and 14.81 million yuan, since the establishment of accumulated net profit
of 8.043 million yuan.
Why Harbin
High-Tech to be so much ado, down the hand puni solar Option.?
On December 12,
the financial weekly newspaper reporter calling as an investor in Kazakhstan
Hi-Tech, secretaries Makumbi explained to reporters, the reason to sell stake
in Pune Solar, in order to maintain the the Pune entrepreneurial core team
controlling position.
Makumbi
introduction, 2009, Harbin High-Tech and came back from the United States, Dr.
Rong Yu Ping, Wang et al founded Pune Solar, in August of that year, the two
sides signed an investment agreement, Harbin High-Tech 3 has to Pune Solar to
invest $ 20 million. The previous two were to invest $ 6 million, $ 8 million
investment last. Harbin High-Tech is the last capital increase.
"Once
Harbin High-Tech capital increase will affect entrepreneurial team holding the
status of the Ping Rong, Wang et al." Makumbi said Harbin High-Tech has
been just invest in Pune solar venture identity, will not seek a controlling
position, so you must sell part of the shares to capital.
Harbin
High-Tech equity trading for the "left hand down the right hand is very
familiar. Since 2010, three years Harbin High-Tech has four were sold to buy
stake in Pune Solar.
WIND data show
that, in December 2010, Harbin High-Tech $ 1.3 million equity sold to Huzhou
City Donghu Industrial Company, the sale price equivalent to 45.474 million
yuan year increase in its net profit of 36.7 million yuan.
March 2011 and
October, Harbin High-Tech twice sale Pune of solar total of $ 1.3 million equity
consideration of about 13.78 million yuan, the total income for the year
increased by 72.68 million yuan.
The December 7,
4th Previously, Harbin High-Tech Pune shares sold at a time, will lower the
price of a capital increase.
4 has a high
price to take over Harbin High-Tech to sell stake in Pune Solar eight
companies, seven from Zhejiang, Zhejiang Fortune (Beijing) Investment Fund
Management Co., Ltd. equally Zhejiang background. However, little information
about these took over the business. Money Weekly reporter access to the
industrial and commercial information of Zhejiang, Hangzhou, Beijing and other
regions found just a Hangzhou plus dry Industrial Investment Partnership
(Limited Partnership) and Hangzhou Jianxiu investment management partnership
enterprise (general partner) in Business Information.
Cover up 3
years of losses
However, the
fact is that through "hands down" Kazakhstan Hi-Tech's performance
will be rewritten.
The sale of
Harbin High-Tech Pune solar
cell equity book equity value of 25.07 million yuan,
Upon completion of the transaction, net book equity value, the actual benefit
to 64.48 million yuan.
Sell assets of Harbin High-Tech this year, the only way to achieve
profitability.
Makumbi
December 12 to the financial weekly newspaper reporter, of Kazakhstan of Gaoke
main industry and other business this year is difficult to contribute to
company profits, "to rely on investment income.
Harbin
High-Tech's main business is the soybean processing, mainly the production of
various kinds of protein products, its total operating income ratio of 59.49%.
Although the
market value of the company is only 20 million, involves a number of
industries, in addition to the soybean processing, there are a number of
bio-pharmaceutical enterprises and waterproofing membrane, while it is also a
real estate company, a property management enterprise.
The main
products as protein, but a very long period of time, within Harbin High-Tech
are regarded as a real estate enterprise. Dream of its real estate began in
August 2005. Wound, Harbin High-Tech to 30 million yuan of funds, access to
Qingdao Harbor Real Estate Co., Ltd. 53% stake.
Harbin
High-Tech to enter the field of industrial real estate for seven years, has
been sluggish sales. 2005 have been built 17 industrial plants, 10 have been
sold, the average selling price of 1,300 yuan / square meter, there are still
seven unsold. It is reported that Qingdao
Harbor Land Company Limited at a standstill, its operating income in the first
half of this year, only 3.2385 million yuan.
According to
the reported figures show that three quarters of 2012, Harbin High-Tech
achieved operating income of 178.82 million yuan, the first three quarter net
loss of 32.9998 million yuan.
Soybean
processing business in the first half revenue 73,579,900 yuan, total operating
income ratio of 59.49%, but profits accounted for only 0.12% of the gross
profit margin as low as 0.03%.
Its net profit
in 2009 - 2011 were -8377.07 million yuan, 13,701,100 yuan and 21.5009 million
yuan. In 2010 and 2011, the Harbin High-Tech "hands down" Pune Solar
equity, respectively, an increase of net profit of 36.7 million yuan and 72.68
million yuan. If the net sale Pune solar return on equity in this 3-year net
profit -8377.07 million -2299.89 million and -5117.91 million, is the
consecutive three years of losses.
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