Its business left hand upside down Shanghai home to asset integration

Recently, Shanghai United Property Exchange appeared in Shanghai Home (600315, closing price 36.85 yuan) will be its Shanghai Bai Cao set beauty Investment Management Co., Ltd. listing the transfer of information, the information once released, it caused a lot of speculation in the market.　　Shanghai home to the "daily economic news" that Shanghai's home is not to be stripped out of the company, but to carry out internal asset integration, the stake will be transferred to the Shanghai home-owned subsidiary of Shanghai Home Industrial Management Co. Wholly-owned subsidiaries take over equity August 24, according to the Shanghai United Property Exchange listing information shows, Shanghai home to transfer the holding of Shanghai Bai Cao set beauty investment company all 78.125% of the equity, the listing price of 15 million yuan.　　Bai Cao Set Beauty Investment Co., Ltd. is a Shanghai home of the company's Bai-Cao set cosmetics companies subordinate companies, Bai Grass set cosmetics company holds its 78.125% stake. At the same time, the Shanghai home also pointed out that, "if not the Shanghai Home Chemicals Joint Co., Ltd. under the holding subsidiary of the 78.125% per cent of the bid, Shanghai Home Chemicals Co., Ltd. will be the use of all products and trademarks used by the company and the right to access to other intellectual property rights." "Ms. Xu, of the Shanghai Household Media department, stressed to the daily economic news that the company had not formally received any interviews with any of the media, so investors may have a bias in understanding the incident." She said, first of all, the Shanghai home of the transfer is Bai grass set Hanfang spa Beauty salon line, not Bai grass set of cosmetics company; second, the listing is only listed company internal assets integration, not the stock transfer.　　Shanghai home will be bai Grass set beauty investment company 78.125% shares to the listed company's Shanghai Home Industrial Management Co., Ltd., the company is a wholly-owned subsidiary of Shanghai Home, business scope is not cosmetics business asset management. As for why it should be listed on the equity exchange without direct internal transfer, Ms. Xu said, "Sasac has stipulated that the transfer of state-owned assets must be publicly listed on the equity exchange, so the company can only comply with the regulations." "To introduce new shareholder support Bai Cao set beauty investment company is the Shanghai home in 2008 set up a subsidiary, since its inception the company has not realized profits."　　Listing information shows that as of July 31, 2010, the financial statements show that the company accumulated operating income of 4.8712 million yuan, operating profit-3.5365 million yuan, net profit-3.5107 million yuan. According to Bai Cao Set beauty investment company marketing Department, Ms. Kim to reporters, Bai Cao Set Hanfang Spa is based on the concept of Chinese medicine spa high-end services, but also Shanghai's home in high-end services in the first new attempt. At present, Bai Cao set Hanfang spa mainly based in the first-tier cities in Shanghai has 6 stores, 1 Beijing.　　Because of the high-end luxury route, the upfront investment is large, short-term profits can not be generated, but is expected to achieve profitability within 3-5 years. For the future development direction of Bai Cao Set Hanfang spa, Ms. Jin said Hanfang Spa Walk is different from Bai CaoSet of daily cosmetics professional beauty service routes. At present, Bai Cao Set Hanfang spa products used in 80% are Bai grass set counters sales of the day of the product, 20% of the products are Hanfang Spa independent research and development of the beauty salon line products.　　The company is increasing efforts to research beauty salon line professional products, in the future development will gradually replace the Bai Cao set daily products, make Bai grass set Hanfang spa out of a professional beauty salon Line Road. On the other hand, the company's development department said that Bai Cao Set Hanfang spa is now a straight shop, the company is considering the way to join the store to expand the business. The company plans to increase the number of Hanfang Spa stores to 50 in 3-5 years, the source said.　　According to this expansion speed, Shanghai home to the Bai Grass set Hanfang spa will certainly have a strong support plan, the asset integration may be for the Bai grass set Hanfang spa paving. In this regard, Shanghai Jia Xu said, the company for Bai Grass set cosmetics and Bai Grass set Hanfang Spa has been a long-term development planning, the transfer of equity is also to rationalize the company's investment relationship, through the introduction of new shareholders, support Bai Cao set Hanfang spa development.