Jiang Powder Magnetic material to promote the export service business frequently cross-border to fill the hole of performance

Source: Internet
Author: User
Keywords Performance acquisition import and export
Green Boot Capital Intern reporter Machun Gufeng in recent years, constantly rely on the acquisition of the expansion of the size of the river Powder magnetic materials, November 17, the resumption of business plans to plan equity transactions, Jiang powder after the acquisition of magnetic materials for many years the company's continuous loss. Since the merger with the five-ring titanium industry, Jiang powder magnetic materials to explore new areas. 1. Billion investment in import and export services through the public disclosure of the river Powder magnetic materials, its intended to establish a wholly-owned subsidiary of the Bank holdings of 123 million yuan, will be through the central bank holding and the investment cooperation between China and the Bank, transformation of import and export services. The new takeover plan may have something to do with it. 2. Exposure to industry prospects for the Yangtze powder Magnetic material said the subsequent acquisition decision will draw lessons from the previous. At present, China's import and export profits grow rapidly, partners in the onshore investment in 2015, 2016 annual net profit of not less than 29.5591 million yuan profit commitment. 3. Continuous acquisition of "performance risk" a full river powder magnetic material this year, the profit decline seriously, the first three quarter net profit loss of 18.125 million yuan. The three projects promised during the IPO did not progress as expected. Jiang Powder Magnetic material will hope to purchase profitable assets to improve performance. However, according to its 2014.5 annual report, the 7 subsidiaries of Jiang Powder magnetic material accumulated a loss of 99.8 million yuan. 4. Poor performance of the standard Jiang powder Magnetic material Securities Affairs representative Liang Li Line Green Boots Capital said, the previous acquisition of subsidiary performance is not good, and the subsidiary is currently in the construction period, production, business integration will take time. At present, the company is also strengthening the cost control of subsidiaries, to the subsidiaries of technicians and management. Smart Cool river Powder magnetic material business continues to slump, operating crisis has already highlighted. And the five ring titanium mergers and acquisitions case because of the loss of performance, become a A-share market first because the merger party "dislike" and abortion cases. Jiang Powder Magnetic material has sought the transformation of import and export trade and warehousing logistics supply chain finance business, for the current difficulties encountered, Jiang powder magnetic material on the one hand to reduce the current subsidiary costs and costs. On the other hand, Jiang powder magnetic material will be through a number of companies to increase capital expansion, transformation of import and export services. (Cool South China Securities analyst)
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