Cui Wei's shareholding expansion and gain annexation the prospects of the declining commercial buildings are questioned

Huaxia Times reporter Zhang Jie Beijing reports after many setbacks, Cui Wei shares (603123.SH) mergers and acquisitions of contemporary shopping malls and the idea of the building of Jia Kou, the basic dust settles. October 21, Cui Wei shares announced that the Securities and Futures Commission [Weibo] has approved the Beijing Cui Wei shares to the Haidian district state-owned Capital Management Center acquisition of Contemporary Mall and Gan Jia Kou mansion.　A number of reporters interviewed the industry analysis said, Cui Wei shares to buy the contemporary mall and Gan Jia Kou mansion can stabilize its position in the west of the city, in the retail industry will be two of the iconic city of the city for wholly-owned holdings, for the Cui shares is both an opportunity and a challenge. The acquisition of dust settled as the head of the West Beijing Department of the Cui Wei shares in the Haidian District SASAC [micro-blog], the second insistence, and finally the contemporary Mall and the house of Gan Jia Kou into its own. According to the reporter understand, Cui Wei shares is the Haidian District government only listed platform, last October, Cui Wei shares the first release of reorganization announcement, in the meantime because the underlying assets valuation too high and the first merger aborted, this is the second time, Cui Wei department store to buy the contemporary mall and Gan Jia Kou mansion. October 22, Cui shares related responsible person to the "Huaxia Times" reporter confirmed that the company acquired the Contemporary Mall and Gan Jia Kou mansion has been set up, the company 21st has issued a notice, the late-stage process acquisition smooth, the acquisition will be completed early next year. In this respect, a number of reporters interviewed by the industry analysts said, Cui's shares to buy again the contemporary mall and the house of Gan Jia can stabilize its position in the city of the city, and for the depression of the contemporary Mall and the house, Cui Jia, after the full capital holding, the slump of the status quo will take some time to improve. According to the announcement, after the completion of this acquisition, the number of Cui-shares stores will increase by 50%. Beijing's market share rose from the current 10% to about 15%, becoming the third largest department store in Beijing after Wangfujing department stores and first-time business. October 23, the reporter visited the Contemporary mall in Zhongguancun Street, even when the prime time of the evening 7 o'clock, the current shopping mall's passenger flow is not satisfactory, shopping malls sparse customers and the previous lively scene formed a sharp contrast, even outside the parking space, basically half are in idle state. In this respect, a number of securities personage to reporter analysis said, from the current contemporary mall and the current situation of the depression of the house, Cui Wei shares wholly-owned contemporary mall and Gan Jia Kou mansion, short-term will be slightly diluted profits. Despite this, but the announcement of the day two market reaction is still surprising, as of 21st closed, Cui shares rose 4.79%, closed at 12.02 Yuan. The decline of the mall "in fact, before the contemporary Mall and Gan Jia Kou mansion are more prosperous Haidian district, in recent years, with the rise of the surrounding business circle, the two lonely buildings began to decline gradually." Many senior people interviewed by reporters said. An industry personage who did not want to be named said to the reporter that the decline of the contemporary mall can be said to be the business circle, the loss of the business circle. The personage to reporter analysis said, before the rise of the contemporary mall originated from it is the first commercial building, and there is no competition around theHand, eventually forming a single big situation. But with the rise of the surrounding business circle, eventually led to a single big commercial building gradually into the bottleneck of development. But Gan Jia Kou mansion has encountered with the contemporary mall is not the same embarrassment. Another senior personage in the industry to the reporter analysis that gan Jia Kou mansion is mainly to eat the traffic is not a big loss. The house of Gan Jia Kou is located at the junction of Xicheng and Haidian, adjacent to the Diaoyutai Hotel and the zoo's business circle, is one of the most congested city traffic, especially in the peak period, and the nearest subway also need to walk for nearly 20 minutes, so that the geographical advantages of the loss, coupled with the commodity town of its surrounding passenger flow, Its passenger flow simply cannot support its own development. Relevant data show that as of December 31, 2012, the contemporary mall total assets of 1.161 billion yuan, the total liabilities of 500 million yuan, the owner's equity of 662 million yuan. And Gan Jia Kou Mansion is inferior to the contemporary mall, as of December 31, 2012, Gan Jia Kou mansion total assets of 738 million yuan, total liabilities of 199 million yuan, owner equity 539 million yuan. The Cui's shares will be the contemporary mall and the house of Gan Jia Kou mansion integration into the listed company, is undoubtedly a win, not only let Cui Wei department established the capital of the West's first commercial status, but also solve the contemporary mall and the capital of the house of Gan Jia, is undoubtedly powerful union. Capital of the three big competition although this Cui Wei bought the contemporary mall and Gan Jia Kou mansion, but the Cui shares and the other two major department stores in the capital, there is still a large gap. According to the reporter understands, this cui Wei shares buys the contemporary mall and Gan Jia Kou mansion, after the Cui Wei shares will qualify for the capital third biggest department store enterprise, with the first business group and the Wangfujing department store tripod Situation also is about to form. However, there is still a small gap between Cui Wei's shares and the capital's second-largest wangfujing department store. According to the financial statements provided by the Cui Wei shares, the 2013-year business income of Gan Jia Kou mansion is 700 million yuan and the net profit is 24.65 million yuan. Contemporary Mall 2013 annual operating income of 1.5 billion yuan, net profit of 34.1 million yuan. As the industry revenue and net profit in the industry are ranked first in the Wangfujing department store, its operating income and net profit of 9.4 billion yuan and 380 million yuan respectively. Nevertheless, many in the industry are questioning the high expectations of the newly acquired contemporary shopping mall and the house of Jia Kou. An unnamed securities person to reporters bluntly, now the department store industry and depressed, Cui shares for the new acquisition of the Contemporary Mall and Gan Jia Kou mansion to achieve such growth, in the industry this environment is a very difficult matter. In the retail business dilemma of the Cui shares, how to get rid of the retail predicament, the rapid realization of contemporary shopping malls and the performance of the house, the trend of growth, the current pressure is indeed not small.