The Emerging Internation And The Heavy Merger Mystery

Yesterday, a news about the merger of the emerging China Group (hereinafter referred to as "emerging China") and China's first heavy machinery group (hereinafter referred to as the "one heavy group") spread across the board.

According to sources, SASAC is considering merging new emerging China and heavy group as a step in restructuring and restructuring of central enterprises.

Although the first heavy machinery company of China, a group listed company (hereinafter referred to as "China first"), issued an urgent announcement of denial, it did not dispel speculation in the industry.

The industry believes that the chairman of the two enterprises is rare for the same person, and the two businesses are complementary.

In the context of the opening of the big curtain by the central enterprises, the possibility of merger exists.

Two businesses are stored together.

Yesterday, news of a merger between emerging China and a heavy group spread like wildfire.

Foreign media reported that China is considering merging new emerging China with a heavy group.

At present, the merger of central enterprises has been attended by CSR and CNR, COSCO Group and China Shipping Group, China Minmetals and Zhongye, China Merchants and Sinop, which are currently being implemented including Sinoma Group and China Construction Group, China Travel Group and China Hong Kong China Travel Group, Baosteel and Wuhan Iron and Steel Group, COFCO and China textile.

Some analysts believe that the rest will probably take the lead in the field of equipment manufacturing.

Lin Boqiang, director of the China Energy Economics Research Center of Xiamen University, believes that the complementarity of the two enterprises is very important.

"Business, our group also has

The manufacturing sector is interconnected with a heavy group. "

Zhi Guangwen, a new China spokesman, told reporters.

Despite the intersection of businesses, the difference between the two companies is also important for achieving consolidation.

Data show that by the end of 2015, the total assets of emerging Internation China were 127 billion yuan, ranking 500 from the 406th in 2016 to 318th in the world top 500, with two new A shares listed in Xinjiang Group and China group.

According to the financial report, the net profit of Xinxing pipe in 2016 was 39 million yuan, down 15.4% compared with the same period last year, and the net profit of China China group was 201 million yuan, up 2.18% compared to the same period last year.

The group has a total assets of more than 40 billion yuan and owns a listed company: China.

In 2015, China's net profit attributable to shareholders of listed companies was about 1 billion 750 million yuan loss. In 2016, a quarterly net profit loss of 319 million yuan, down 10.37% compared with the same period last year.

Some experts believe that with the decline of the old industrial base in Northeast China, the Republic of China's "eldest son" of the Republic will not escape its doom. Under the background of the merger and reorganization of the central enterprises, it will be possible for us to stay alive if we merge with the new China.

Merge puzzle to be solved

In 2015, the list of top 50 manufacturers of construction machinery in the world came from 15 countries, including the United States, Japan and China. The return on assets in China is only 0.63%.

The profits of the 11 companies listed on the list are only 8% of that of the 6 American companies, but the total assets are equivalent to more than half of the latter, equivalent to 11% of the 11 Japanese enterprises, but the total assets of Chinese enterprises are 1.2 times that of Japanese enterprises.

Lin Boqiang believes that China

Enterprises continue to improve operational efficiency, which is also an important goal for the state to actively promote the reform and reorganization of the central enterprises.

The SASAC is to make the central enterprises less and bigger.

In July 26th, the guidance of the general office of the State Council on promoting structural adjustment and reorganization of central enterprises mentioned that "encourage central enterprises to restructure, create competitive advantages in the whole industry chain, and better play synergy".

"Under the current macroeconomic environment, relying on China's existing business is already a long way to go. If it is merged with the emerging China, it will be a good thing for both sides."

Lin Boqiang thinks.

Manufacturing industry needs to improve efficiency

It is understood that the main evidence of the merger news between xinjihua and a heavy group came from the founding of a group of directors in May 2016. Liu Mingzhong, vice chairman of the new China group and Deputy Secretary of the Party committee, was also chairman of the group and Secretary of the Party committee.

One person has served as chairman of two central enterprises, which is rare since the establishment of the State Council SASAC.

However, Lin Boqiang believes that setting the chairman of the two central enterprises as the same person may also be a temporary arrangement, and there may be more suitable candidates in the future.

"We are verifying the correctness of the message," said a head of a Chinese office.

China's largest business has a larger span of business with the emerging China, and the media coverage is only speculation. We will announce the announcement according to the situation.

Yesterday afternoon, China issued a Clarification Announcement on the first day, saying that a group known to the relevant reports, the central enterprises reorganization and integration related matters decided by the relevant departments at higher levels. Up to now, a group has not received the relevant documents, and the heavy group has not formulated and reported the hearsay related restructuring plan.

The group did not report, study and discuss with other government departments on the restructuring of emerging China.

On the other side of the incident, Zhi Guang Wen told reporters that "up to now, there has not been any official news in the new China."

The new China listed company, inter China, issued a clarification announcement later yesterday, saying that "xinjihua Group Limited" clearly stated that "up to now, new China has not received the relevant documents, and Xinxing China has not declared any plan to the relevant departments at the higher level regarding the merger."

Inter China business is mostly

Business has a large span of business with a heavy group business, but the emerging pipe business is intersecting with a heavy group.

At the time of the deadline, Xinxing pipe has not issued a Clarification Announcement.

The puzzle of merging new China and heavy group is even more complicated.