After the move in the Baowu Group system, Xinhua Steel is still inevitably being sold off. On October 9, the reporter learned from the Shanghai Stock Exchange that 90% of the shares of Shanghai Xinhua Iron and Steel Co., Ltd. (referred to as Xinhua Iron and Steel) and the related party's 38.45 million yuan related claims were listed for sale, with a listing price of 38.5 million yuan.
According to public information, Xinhua Steel was established in 1993. The company's residence is located in Chongming County, Shanghai. The main business scope is the dismantling business of used ships and the processing, repair and sales of dismantled materials, which are recognized by the competent authorities of the industry. Domestic ship dismantling enterprise
In recent years, Xinhua Iron and Steel's revenue has shrunk dramatically. According to the Shanghai Stock Exchange, the operating income since 2015 was 8.35 million yuan, and it shrank to 2.375 million yuan in 2016. The operating income in the first eight months of this year was zero. At the same time, its debt scale is relatively large, and the owner's equity is -178.53 million yuan as of the end of the month, indicating that it is already in a state of insolvency. In addition, its profitability is weak and its annual profit is only tens of thousands of yuan.
Due to poor business results, Xinhua Iron & Steel has a listing price of 38.5 million yuan, and the equity is only 50,000 yuan, while the creditor's rights are 38.45 million yuan.
In recent years, Xinhua Iron and Steel, which has not benefited well, has experienced a great move in the equity relationship.
On October 9th, the reporter inquired about the industrial and commercial information. In March 2016, Xinhua Iron and Steel Co., Ltd. changed its business. The shareholders were changed from Shanghai Xinhe Industrial Industrial Corporation and Baosteel Resources Co., Ltd. to Shanghai Xinhe Industrial Industrial Corporation and Baosteel Development Co., Ltd. . Currently, the shareholding ratio of the two companies is 10% and 90% respectively.
Baosteel Resources and Baosteel Development belong to the two business systems of Baowu Group (formerly Baosteel Group).
According to the reporter's previous information, Baosteel Group reorganized the business sector before restructuring with WISCO Group, and organized it into four major systems: steel and related manufacturing, steel and related services, industrial chain finance, real estate and urban new industries. According to the official website, Baosteel Resources and Baosteel Development belong to the second and fourth largest systems respectively.
According to Baosteel Development's official website, it is a wholly-owned subsidiary of Baowu Group. It is committed to becoming a comprehensive utilization service platform for solid waste resources, a quality life integrated service platform and an industrial collaborative service platform based on Baosteel and Radiation Society. In 2015, it achieved operating income of 7.25 billion yuan and profit of -590 million yuan.
According to the official website, Baosteel Resources is also a wholly-owned subsidiary of China Baowu Group, which is mainly engaged in the investment, trade and logistics services of mineral resources. In 2015, Baosteel Resources realized an operating income of 29.4 billion yuan.
In 2016, when Baosteel Resources was transferred to Baosteel Development, Baosteel Development had “transfusion†of Xinhua Steel: According to the information of Shanghai Stock Exchange, Baosteel Development Co., Ltd. had loaned Xinhua Steel to 38.45 million yuan.
Nowadays, after a lot of equity, Xinhua Steel is still inevitably sold by Baowu Group. For Baowu Group, with the establishment of the four business systems, cleaning up non-performing assets and expanding the main business have become the main tone of development.
In July this year, Baowu Group listed 50% of its shares in Societe Generale Car Rental (Shanghai) Co., Ltd., and the corresponding evaluation value of the transfer target was 176 million yuan, and the listed price was 218 million yuan. According to the Shanghai Stock Exchange, this is the third time Baowu Iron and Steel has listed the assets in this year, and the listing price has continued to decline.
In recent years, the performance of Societe Generale has not been satisfactory. According to the Shanghai Stock Exchange, in 2016, Societe Generale achieved an operating income of 250 million yuan and a net profit loss of 22.395 million yuan. As of the end of 2016, the total assets were about 600 million yuan, but the total liabilities amounted to 490 million yuan. Only 112.38 million yuan.
From the perspective of public information, Baowu Group has been cultivating and growing high-quality assets and even pushing it to the capital market while cleaning up its non-performing assets.
In February of this year, Baowu Group released the news. With the approval of the State-owned Assets Supervision and Administration Commission of the State Council, Baowu Group incorporated the financial industry into its main business.
According to the official website, Baowu Group's financial business is mainly Huabao Department. Baowu has implemented control over Huabao Trust, Huabao Industrial Fund, and Huabao Securities through its subsidiary Huabao Investment, and holds 14.17% of Pacific Insurance. In 2015, Huabao Investment achieved revenue of 5.667 billion yuan, profit of 2.826 billion yuan, and management assets of 763 billion yuan.
In 2016, the original Baosteel Group also plans to inject its financial business into its *ST Handan Steel through asset restructuring. However, due to the large scale of the assets of the relevant financial business assets and involving the shares of listed companies, the approval and operational procedures involved in the divestiture of assets were complicated, and the reorganization was finally terminated.
On September 19th, Baosteel Co., Ltd., a subsidiary of Baowu Group, announced that it intends to acquire 10% equity of Shanghai Rural Commercial Bank held by Australia and New Zealand Banking Group Co., Ltd. (referred to as “ANZ Bankâ€), with a purchase price of 4.595 billion yuan.
According to the official website, Shanghai Rural Commercial Bank was established in 2005. It is a corporate bank headed by Shanghai State-owned Assets and headquartered in Shanghai. It has a registered capital of 8 billion yuan, nearly 400 business outlets and more than 6,000 employees. As of the end of 2016, the total assets of Shanghai Rural Commercial Bank were nearly 700 billion yuan, with various deposits of 523.4 billion yuan and various loans of 323.3 billion yuan. In 2016, the net profit exceeded 5.8 billion yuan.
In recent years, Xinhua Iron and Steel's revenue has shrunk dramatically. According to the Shanghai Stock Exchange, the operating income since 2015 was 8.35 million yuan, and it shrank to 2.375 million yuan in 2016. The operating income in the first eight months of this year was zero. At the same time, its debt scale is relatively large, and the owner's equity is -178.53 million yuan as of the end of the month, indicating that it is already in a state of insolvency. In addition, its profitability is weak and its annual profit is only tens of thousands of yuan.
Due to poor business results, Xinhua Iron & Steel has a listing price of 38.5 million yuan, and the equity is only 50,000 yuan, while the creditor's rights are 38.45 million yuan.
In recent years, Xinhua Iron and Steel, which has not benefited well, has experienced a great move in the equity relationship.
On October 9th, the reporter inquired about the industrial and commercial information. In March 2016, Xinhua Iron and Steel Co., Ltd. changed its business. The shareholders were changed from Shanghai Xinhe Industrial Industrial Corporation and Baosteel Resources Co., Ltd. to Shanghai Xinhe Industrial Industrial Corporation and Baosteel Development Co., Ltd. . Currently, the shareholding ratio of the two companies is 10% and 90% respectively.
Baosteel Resources and Baosteel Development belong to the two business systems of Baowu Group (formerly Baosteel Group).
According to the reporter's previous information, Baosteel Group reorganized the business sector before restructuring with WISCO Group, and organized it into four major systems: steel and related manufacturing, steel and related services, industrial chain finance, real estate and urban new industries. According to the official website, Baosteel Resources and Baosteel Development belong to the second and fourth largest systems respectively.
According to Baosteel Development's official website, it is a wholly-owned subsidiary of Baowu Group. It is committed to becoming a comprehensive utilization service platform for solid waste resources, a quality life integrated service platform and an industrial collaborative service platform based on Baosteel and Radiation Society. In 2015, it achieved operating income of 7.25 billion yuan and profit of -590 million yuan.
According to the official website, Baosteel Resources is also a wholly-owned subsidiary of China Baowu Group, which is mainly engaged in the investment, trade and logistics services of mineral resources. In 2015, Baosteel Resources realized an operating income of 29.4 billion yuan.
In 2016, when Baosteel Resources was transferred to Baosteel Development, Baosteel Development had “transfusion†of Xinhua Steel: According to the information of Shanghai Stock Exchange, Baosteel Development Co., Ltd. had loaned Xinhua Steel to 38.45 million yuan.
Nowadays, after a lot of equity, Xinhua Steel is still inevitably sold by Baowu Group. For Baowu Group, with the establishment of the four business systems, cleaning up non-performing assets and expanding the main business have become the main tone of development.
In July this year, Baowu Group listed 50% of its shares in Societe Generale Car Rental (Shanghai) Co., Ltd., and the corresponding evaluation value of the transfer target was 176 million yuan, and the listed price was 218 million yuan. According to the Shanghai Stock Exchange, this is the third time Baowu Iron and Steel has listed the assets in this year, and the listing price has continued to decline.
In recent years, the performance of Societe Generale has not been satisfactory. According to the Shanghai Stock Exchange, in 2016, Societe Generale achieved an operating income of 250 million yuan and a net profit loss of 22.395 million yuan. As of the end of 2016, the total assets were about 600 million yuan, but the total liabilities amounted to 490 million yuan. Only 112.38 million yuan.
From the perspective of public information, Baowu Group has been cultivating and growing high-quality assets and even pushing it to the capital market while cleaning up its non-performing assets.
In February of this year, Baowu Group released the news. With the approval of the State-owned Assets Supervision and Administration Commission of the State Council, Baowu Group incorporated the financial industry into its main business.
According to the official website, Baowu Group's financial business is mainly Huabao Department. Baowu has implemented control over Huabao Trust, Huabao Industrial Fund, and Huabao Securities through its subsidiary Huabao Investment, and holds 14.17% of Pacific Insurance. In 2015, Huabao Investment achieved revenue of 5.667 billion yuan, profit of 2.826 billion yuan, and management assets of 763 billion yuan.
In 2016, the original Baosteel Group also plans to inject its financial business into its *ST Handan Steel through asset restructuring. However, due to the large scale of the assets of the relevant financial business assets and involving the shares of listed companies, the approval and operational procedures involved in the divestiture of assets were complicated, and the reorganization was finally terminated.
On September 19th, Baosteel Co., Ltd., a subsidiary of Baowu Group, announced that it intends to acquire 10% equity of Shanghai Rural Commercial Bank held by Australia and New Zealand Banking Group Co., Ltd. (referred to as “ANZ Bankâ€), with a purchase price of 4.595 billion yuan.
According to the official website, Shanghai Rural Commercial Bank was established in 2005. It is a corporate bank headed by Shanghai State-owned Assets and headquartered in Shanghai. It has a registered capital of 8 billion yuan, nearly 400 business outlets and more than 6,000 employees. As of the end of 2016, the total assets of Shanghai Rural Commercial Bank were nearly 700 billion yuan, with various deposits of 523.4 billion yuan and various loans of 323.3 billion yuan. In 2016, the net profit exceeded 5.8 billion yuan.
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