Sanmao Called For 22 Years To Rename The Name, Spend 2 Billion 200 Million Yuan "Change" The New Name Is Easy To Remember!

Lanzhou Sanmao industrial Limited by Share Ltd (hereinafter referred to as "Sanmao sends the gods"), announced in the evening of June 11th, the company intends to change the Chinese name of the company from "Lanzhou Sanmao industrial Limited by Share Ltd" to "Gansu Engineering Consulting Group Limited by Share Ltd". The English name changed from "LanzhouSanmao Industrial Co., Ltd." to "Gansu EngineeringConsulting Group Co., Ltd.", and the company's securities referred to as "Sanmao sent God" changed to "Gan consulting".

However, the bill still needs to be submitted to the shareholders' general meeting for deliberation and approval and approved by the administrative department for Industry and commerce.

For the change of company name and securities abbreviation, San Mao Pai Shen explained that in 2018, the company completed a major asset reorganization. In May 2019, the company pferred the 100% stake of Gansu Lanzhou Sam Mao Industrial Co., Ltd. to the controlling shareholder, the State-owned Assets Investment Group Co., Ltd., and the equity assets delivery has been fulfilled to achieve the stripping of the wool textile business.

According to the relevant data of the 2018 annual financial report disclosed in the latest accounting year after the completion of the company's major asset reorganization paction, the business income of the engineering consulting business accounts for more than 50% of the listed company's revenue. The company's main business has undergone major changes, and the original company's name has not adapted to the company's business philosophy and development strategy.

In January 16th of this year, San Mao Pai Shen released a takeover report. According to the agreement on the purchase of assets issued by the SAM Mao Pai Shen and the Gansu investment bank, and the supplementary agreement on the issue of shares to buy assets agreement, the three hair group sent shares to Gansu state investment and bought 100% of its holding group.

The trading price of the 100% stake of the engineering consulting group is 2 billion 205 million yuan, and the issue price of the shares issued by San Mao Pai Shen is 11.37 yuan / share, and the number of shares issued is 193889498 shares.

After the completion of the paction, Gansu state investment will directly hold 57.37% of the listed company and hold 7.49% of the listed company through the wholly-owned subsidiary of the San Mao Group. The total share of the voting rights of the listed company will be 64.85%.

The direct controlling shareholder of the listed company will be changed to Gansu state investment, and the actual controller is still the Gansu SASAC.

This paction will not lead to changes in control of listed companies.

Subsequently, the San Mao Pai Shen announced the announcement in May 8th, pferring the 100% stake of the wool spinning subsidiary to the controlling shareholder Gansu state investment at the paction price of 644 million yuan. At that time, San Mao Pai Shen made it clear that after stripping the wool spinning business, the main business of the company will be pformed from the double main business pattern of the wool textile industry and the engineering consulting service industry to the single main business of the engineering consulting service industry.

San Mao Pai Shen is mainly engaged in wool textile business and engineering consulting business. The wool textile business is run by the parent company, and the engineering consulting business is run by the wholly owned subsidiary Gansu Engineering Consulting Group Co., Ltd. (hereinafter referred to as engineering consulting group). The wool spinning business of San Mao is mainly the production and sale of wool worsted and woolen fabrics. The products have the international wool Bureau pure wool and wool blended sign license, and have a high influence in the industry.

However, due to factors such as changes in the industry environment, the company's performance has been under some pressure.

The financial report showed that in 2018, the wool spinning business of San Mao was 4 million 430 thousand yuan, and the net profit of the wool textile company was 8 million 625 thousand yuan in the first 4 months of 2019.

In the first quarter of 2019, San Mao Pai Shen realized business income of 475 million yuan, an increase of 19.4% over the same period, and a net profit of 55 million 280 thousand yuan attributable to shareholders of listed companies, an increase of 45.58% over the same period last year.

Basic earnings per share of 0.1453 yuan.

In 2018, San Mao Pai Shen produced 4 million 300 thousand yuan of worsted fabrics and realized business income of 323 million yuan, an increase of 15.57% over the previous year. The gross profit of the wool textile business in the reporting period was -443 yuan, which was 105.59% lower than that of the previous year. In addition to the impact of restructuring costs on the profit and loss of the reporting period, the main reason is that the assets disposed of during the reporting period last year resulted in a profit of 77 million 279 thousand and 200 yuan and a tax deduction of 36 million 260 thousand yuan in the operating income.

San Mao Pai Shen said that the origin of raw materials for the wool spinning company was Australia, and the price of raw materials was greatly influenced by the international market. According to the income method, the evaluation results were greatly influenced by the price of raw materials, and the market selling price of finished products of enterprises also fluctuated greatly, which led to a greater uncertainty in the future earnings of the predicted enterprises.

San Mao Pai Shen said that after the completion of the foregoing paction, the wool textile business will withdraw from the listed company's sequence, which is conducive to improving the assets quality of listed companies, reducing the risk of corporate governance, taking into account the long-term and short-term interests of the company, and is conducive to further optimizing the industrial structure and regulating corporate governance of listed companies.

Sanmao's engineering consulting business mainly focuses on the social and economic development strategy of the state and local governments. It is based on the field of infrastructure construction such as pportation, water conservancy and hydropower, and industrial and civilian buildings. It focuses on the emerging fields such as green construction, ecological construction and environmental engineering, and provides integrated, comprehensive and comprehensive technical support, intelligence support, operation and maintenance, including planning consultation, investment operation, survey and design, bidding cost, construction supervision, post evaluation and post service.

Its business income mainly includes planning consultation, survey and design, technical service (inspection, bidding and cost, etc.), engineering construction and engineering supervision.

The company actively implements the development strategy of endogenous growth and epitaxial development. By virtue of its advanced business mode, service concept, strong technical superiority and rich project experience, it promotes the strategic layout of the company. The engineering consulting group is the most qualified engineering consulting enterprise in Gansu province. Numerous and cross industry qualifications have obtained extensive entry barriers for the Engineering Consulting Group's business, and can undertake large-scale projects in construction, water conservancy, municipal administration and pportation.

At the end of this paper, the San Mao Pai Shen reported 10.31 yuan / share, or 4.56%.