Tianshan Textile restructuring stranded 862 times times "dream profit rate" weighing the price

In the Tianshan textile (000813, the former closing price of 17.25 Yuan) the asset reorganization dream is about to become reality, but the SFC's veto. Facing the brutal reality, the company tens of thousands of shareholders in a short shock and doubt have to face a problem, in the loss of restructuring aura, Tianshan Textile 2010 years 6.3228 million yuan net profit, can support 17.25 yuan share price of 862.5 times times the corresponding P/E.　　Today (March 31), the company's shares will accept the market test.　　The failure to pass the asset reorganization was greeted with an unexpected ending when tens of thousands of shareholders in Tianshan textile were ready to celebrate the success of their asset restructuring. Tianshan Textile today announced that the Securities and Futures Commission listed companies in the merger and reorganization of the Audit Committee held in 2011 the 6th meeting of the Merger and Reorganization Commission, the meeting of the audit company issued shares purchase assets and related transactions have not been approved.　　In accordance with the relevant provisions, the company's shares will be a duplicate on March 31. According to the Daily Economic news reporter learned that the rejected plan as early as July 2009, began to suspend the brewing, and in June 2010 to disclose the scheme.　　Tianshan Textile to the price of 5.66 yuan per share, to kaidi Mining and Qinghai Snow 123 million shares, buy two companies hold the price of about 696 million yuan Xinjiang West Billiton Mining Co., Ltd. a total of 75% equity. According to the disclosure of the plan, Tianshan textile after the completion of the reorganization of the main business to increase copper mining projects, earnings under the earnings forecast shows that the underlying assets in Xinjiang Hami loess Slope Mining area 2012-2014 years three years, respectively, the profit of the listed companies 53.258 million Yuan,　　70.118 million yuan and 70.118 million yuan. "Dream profit rate" under pressure no doubt, Tianshan textile restructuring dream will be difficult to achieve. After a brief shock, the company's tens of thousands of shareholders will face a problem, the loss of restructuring the halo of the Tianshan textile after the card will be how to behave. Because according to the 22nd annual report of the Tianshan Textile, the company's net profit was only 6.3228 million yuan in 2010, earnings per share is only 0.02 yuan/share, in accordance with the price of 17.25 yuan before the suspension, P/E is as high as 862.5 times times.　　It should be pointed out that, if the non-recurrent profit and loss after deducting, Tianshan textile profits last year only a poor 350200 yuan. A person in the industry said that the restructuring of the Tianshan textile was rejected indeed in the expectation, after today's recovery of the stock price trend is not optimistic.　　Because after the reorganization of the plan announced, the company's share price from the suspension of less than 7 yuan, all the way up to 17 yuan above, and this trend is due to restructuring is expected to be promoted. It is worth mentioning that on March 17, the company only proposed to modify the injection of the assets of the profit compensation scheme, the 2012-2014-year three-year cumulative profit one-time compensation, modified to the annual compensation. Tianshan Textile said the move will enhance the ability to inject asset profitability to safeguard the interests of the company and small and medium shareholders. However, from the final results, the efforts of the Tianshan textile is stillThere is no guarantee of the smooth passage of the reorganization plan. Once in the mire of insider trading review of the restructuring process over a year, Tianshan textile walk is not easy. In addition to the market's doubts about the acquisition of assets, the haze of insider trading has also brought enormous pressure on the company's restructuring prospects.　　On January 17, 2011, the Urumqi Intermediate People's court publicly heard the original Xinjiang Kaidi Investment Limited liability company General Manager You Rongjiang, etc. 4 persons in the Tianshan textile reorganization suspected insider trading, leaked inside information case. On July 21, 2009, 22nd, You Rongjiang as the general manager of Xinjiang Kaidi Investment, the "Xinjiang Kaidi Investment Co., Ltd. Investment restructuring Tianshan Textile" information leaked to the defendant Qingyue, and the accused Qingyue will be the two people jointly operated Xinjiang Han Yang Investment Co., Ltd. to buy the capital of Tianshan textile stocks, The transaction amount of the three accounts involved exceeds 7 million yuan. In the above insider incident exposure, the market has been worried about the restructuring of the company's assets have been affected, while the Tianshan textile has many "stability": restructuring work is still in an orderly progress.