Wan Shun shares 750 million of the two companies to buy shares today unlimited trading

NetEase finance November 5 million Shun shares disclosed today, the company intends to buy 750 million yuan in cash acquisition of Shanghai Asia Private Limited holdings of Jiangsu China-based Composite Material Co., Ltd., 75%, Jiangyin Aluminum Co., Ltd. 75% stake in the use of super raise capital of 450 million yuan, the remaining capital of 300 million yuan by the company self-financing solution.　　This transaction constitutes a major asset reorganization because of the amount of net assets in the last fiscal year audited consolidated Financial Accounting report at the end of 50% and more than 50 million yuan. Million Shun shares main environmental protection eco-type paper products printing materials research and development, production and sales, products are mainly used in cigarette labels and wine label printing, a small number of applications in high-end gift packaging printing, and Jiangsu, Jiangyin, the base of the main business are high-precision aluminum foil research and development, production and sales.　　Wan Shun shares said that after the completion of the transaction, the company's industrial chain to further extend to the upstream industry, is conducive to expanding the size of the company to enhance profitability and sustainable management capacity. Wan Shun shares said that the company 2010 1-June to achieve operating income of 33.0297 million yuan, net profit of 38.6971 million yuan. According to this, the operating income of Jiangsu base and Jiangyin is 449.7871 million yuan and 10.0561 million yuan respectively. After the completion of the transaction, the company's total operating income will achieve more than 100% growth, net profit growth rate of about 70%. And according to the relevant earnings forecast audit report, Jiangsu Base this year is expected to achieve operating income, net profit of 937.3504 million yuan, 90.6913 million yuan respectively; Jiangyin Middle Base this year is expected to achieve operating income, net profit of 20.1122 million yuan, 1.6292 million yuan respectively.　　Therefore, after the completion of this transaction, the company's profitability will be significantly increased, and the profit increase is more stable. It is worth mentioning that, Wan Shun shares the actual control of Du Chengcheng commitment, Jiangsu in the base and Jiangyin 2010 to 2012 three years of net profit sum of not less than 300.0457 million yuan.　　If the above profit commitment is not met, Du Chengcheng will make a one-time cash payment to the WAN Shun shares of the difference between the actual earnings and the promised performance within 30 trading days from the announcement of the 2012 annual report. Today, million shun stock trading, reported 22.03 Yuan, a weak deal.