Hualing Steel pipe Business 2 billion

December 24 Night, hualing Steel (000932) issued a notice to set up a wholly-owned subsidiary of Hunan Hualing Steel Pipe Holdings Limited (hereinafter said: "Steel tube holding"), integration of the group's steel pipe resources.　　Hua Ling Steel with the holding subsidiary of Hengyang Hualing Steel Pipe Co., Ltd. 67.13% of the equity, the large shareholder hualing Group, with its 55% stake in Jiangsu Tin Steel Group, and other shareholders of the tin Steel Group holding a joint stake in the Steel pipe holdings of 45% of the Tin Steel Group, realizes the integration of the company's steel pipe business. For hualing Group, this is the three years after the arrival of Tin Steel, as scheduled to meet the commitment to solve the potential competition issues.　　But there may be a deeper reason for the move. At the beginning of last month, Tan Ju, the financial director of Hualing Steel, said at the company's third-quarter results that the company was expected to lose 1.8 billion to 2 billion yuan in net profit of its parent company all year round.　　Although the steel industry into the "meager profit" era has been a consensus, but such a huge loss, or let the market in an uproar. Turning the other?　　Will the overall integration of hualing steel be "a turnaround" as the market expects? Old promises: integration of steel pipe resources "the first quarter of next year, Hualing's steel pipe resources will be formally integrated, Steel pipe holding this company, should be established in Changsha."　　"December 27, an insider at Hualing Steel told reporters. Also integrated into the steel tube holdings, including hualing Steel three years ago, Jiangsu Tin Steel Group. August 2007, hualing Group and China Kang Lectra Import and Export Co., Ltd., Shanghai Huarun Trade Import and Export Co., Ltd. signed the "on the Jiangsu Tin Steel Group Co., Ltd. of the increase subscription Agreement" and "on the Jiangsu Tin Steel Group Co., Ltd. shareholder agreement" to RMB cash increase Jiangsu Tin Steel Group Co., Ltd.,　　With a 55% per cent stake in the Tin Steel Group, China Resources Group continued to retain its 45% per cent stake.　　At that time, Jiangsu Tin Steel Group is China's 72 key steel enterprises and 18 key special steel enterprises, the main business is the production of excellent steel, the manufacture of bearing steel, spring steel, gear steel, alloy electrode steel and other products.　　To avoid competition with hualing Steel, hualing Group issued a commitment letter on the settlement of potential competition, promising to sell the 55% per cent stake in the Tin Steel Group to hualing Steel in three years (i.e. before December 26, 2010), or to inject it into the company in other lawful ways or to sell it to unrelated third parties.　　December 27, the above insiders told reporters, in the integration of steel pipe resources, steel 2 million tons of steel pipe capacity, combined with the tin Steel Group planned to build 1 million tons of steel pipe capacity, valin in the production scale of steel pipe, will be the "old one" Tianjin steel pipe flat. "Again experienced marketing, procurement, financial and other aspects of integration, Heng Steel can be high-end market sales experience, channels, etc., pull the development of tin steel, to form a complementary."　　"The person said. Steel pipe has been one of the key business of Valin steel. According to the reporter understand, although the European and American markets because of "double counter" and export difficulties, Heng Steel todayThe export volume of the year has hit a new record.　　From 1 to November, the total number of exported steel pipe was nearly 480,000 tons, which is expected to reach more than 510,000 tons for the whole year, and more than 50,000 tons over last year. Heng Steel International Trade company vice-president Xuwei to reporters: "The original North American market in Europe accounted for our 40%-50% share, now counted, may not be 10%." We have mainly increased in the Middle East, Africa, South America, Southeast Asia and many other emerging markets in the pioneering efforts.　　"External linkage: the development of hand-held central enterprises in accordance with the planning, Hualing Group hopes to become the world's first-class professional seamless steel pipe production base."　　After the arrival of Jiangsu Tin Steel, hualing group chairman helped Hunan Valin has pointed out that, in order to achieve this goal, Valin to speed up the construction of Hengyang steel pipe base, but also must continue to rely on low-cost expansion, mergers and acquisitions of the same type of enterprises, exogenous growth quickly realize the goal of bigger and stronger enterprises. This reporter learned that Jiangsu Tin Steel Group is expected to achieve an annual output of 2 million tons of steel and 1 million tons of seamless pipe.　　It is noteworthy that China-hualing iron and Steel Group, another major shareholder-Huarun group, in 2007 after the first cooperation, has also maintained a good strategic relationship.　　November 13 this year, Hua Ling Group and China Resources Group signed a strategic cooperation framework agreement on capital Cooperation, coal resources, power projects, steel supply and other areas of comprehensive cooperation. According to the Strategic Cooperation Agreement, China Resources Group will provide the required coking coal and coke Resources to hualing group; the two sides will implement the national energy conservation and emission reduction, the development of circular economy and green economic policy, and actively promote the cooperation of power projects, combined with the national and Hunan province, the direct supply of large users　　Actively promote China Resources group owned power plant to Hualing Group Enterprises to carry out direct power supply work for large users.　　In addition, the two sides will also cooperate in the supply of steel, in accordance with the "same priority" principle, China Resources group will be required to purchase steel products, hualing Group high temperature and high pressure seamless pipe, thick and heavy plate, wire rods and other steel products.　　Under this framework, CR Power and China Resources coal industry have signed the relevant sub-agreement with Hualing Group and its enterprises respectively.　　Realistic pressure: The long road to the loss of resources integration, internal governance, for the immediate hualing, almost all the key words around the listed companies to the loss of the first priority. At the beginning of last month, Tan Ju, the finance director of Hualing Steel, said that the company was expected to lose 1.8 billion to 2 billion yuan in net profit of its parent company all year round.　　Although the steel industry into the "meager profit" era has been a consensus, but such a huge loss, or let the market in an uproar. According to the public interpretation of hualing steel, mainly because of the company's subsidiary of Hualing Lian Steel operating huge losses caused.　　These include the failure to properly handle the long-supply relationship with overseas iron ore suppliers, it is not good to grasp the opportunity of iron ore purchase, which leads to high cost of iron ore; the new production line is still in operation and running-in period, production is not smooth, the original management concept, marketing and research and development system can not adapt to the process of product structure transformation. "Lian Steel's problem is not only in the bulk of the original fuel procurement, product, management and other aspects of the need to improve." "1February 27, Hua Ling Steel A senior told reporters, in the listed companies nearly 2 billion yuan in losses, Lian Steel single enterprise losses are higher than this figure.　　Prior to that, hualing Steel has been rushed to emergency, listed company chief executive Caohuiquan and deputy general Manager, Dong Secretary Wang Jun stepped, respectively, was appointed as the Executive director of Hualing Steel, general manager and party chief, from Changsha to Loudi fire. Tan Ju said that the operating conditions of hualing steel in the four quarter to next year will be significantly improved than this year.