Yizheng Chemical Fiber (600871) announced yesterday that it intends to transfer 100% of its shares in Tianma Chemical Fiber. The relevant staff of the company said that the profit and loss arising from this transfer will be included in the 2005 annual report. Analysts believe that the loss arising from this transfer is included in the 2005 annual report, which will be aggravated for Yizheng Chemical Fiber, which has already suffered serious losses. However, if the company handles some potential losses, it will bring losses to 2006. hope.
The 1.77 billion transfer Tianma Chemical Fiber announced that the company and its wholly-owned subsidiary, Fullerle Hong Kong, signed a “Equity Transfer Contract†with Shenzhen Bondo and Yihua Company. The buyer agreed to purchase 100% equity of Tianma Chemical Fiber Co., Ltd. after negotiation between the buyer and the seller. And the company's claim on Tianma Chemical Fiber, the total consideration is RMB 230 million, and the operating loss for the period from July 31, 2005 to March 31, 2006 was RMB 52.14 million. The actual transaction price was RMB 177 million. yuan. The stock fell 1.01% yesterday to close at 3.92 yuan.
Yizheng Chemical Fiber Co., Ltd. was in crisis in 2005. The company's third-quarter report showed that due to the Group's withdrawal of fixed assets impairment provisions and changes in the domestic polyester industry's operating situation in the first half of the year, the total profit for the period was substantially reduced. As of the end of the third quarter, the company's net profit was - 667.394 million yuan, earnings per share -0.168 yuan.
Analysts said that due to rising oil prices, raw material prices have risen, increasing the company's operating costs, and at the same time encountering fierce competition from domestic and foreign counterparts, coupled with severe overcapacity, the company's fundamentals are currently very bad, if continued to operate poorly, In 2006, it is likely to continue to lose money and be wearing a hat ST.
In 2006, there was hope that some analysts pointed out that the transfer of Tianma Chemical Fiber, the company bears huge losses. If this loss is included in 2006, it is very difficult to turn around in 2006. Yesterday, the relevant staff of the company confirmed to the "Daily Economic News" that the transfer will be included in the 2005 annual report. Analysts pointed out that because of the loss and potential losses of some non-recurring items, the loss of the company's 2005 annual report will increase the amount of losses incurred in the first three quarters of last year, which also brought the company's turnaround in 2006. hope.
Previously, the market rumored that Yizheng Chemical Fiber became the prey of Sinopec due to its leading position in the industry and the lowest cost of repurchase. Due to the repurchase concept, Yizheng Chemical Fiber's share price was repeatedly pulled up, and the annual report pre-loss announcement did not drag the stock price. Yesterday's "Daily Economic News" once again verified the matter with the relevant responsible person, was told that since the clarification announcement last year, no new relevant news has been obtained. As for the share reform plan and the launch time, the person said that the share reform plan has not yet been finalized.
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