Xi ' An people's livelihood assets injected into the next two-year drama

Sian Minssen (000564) today announced the annual report, the company 2010 annual operating income of 2.3 billion yuan, an increase of 7.63%, attributable to the listed company shareholders of the net profit of 59.39 million yuan, the year-on-year increase of 18.01%, the basic earnings per share 0.195 yuan, the year-on-year increase of 18.02%.　　The company intends to send a total of 10 units of cash to all shareholders 0.5 yuan (including tax), do not carry out Provident fund to increase equity.　　Although Xi ' an Minsheng 2010 years of performance, but the reporter noted that asset injection will undoubtedly become the company's next two years of drama.　　Because of the people's livelihood large shareholder HNA Business Holding Limited liability company and HNA Group under the control of Hainan Construction Trust Co., Ltd. are holding commercial retail assets, such an industrial pattern obviously with the people's livelihood in Xian formed a potential peer competition.　　To this end, Xi ' an people's livelihood has been in recent years through mergers and acquisitions, directional placement and other methods have effectively resolved some of the competition, to a certain extent, reduce the related transactions. But so far the problem has not been completely resolved. The reporter noted that in XI ' an Minsheng 2011 business planning, said, "for the current unresolved competition issues, the company intends to be related to the asset injection method to resolve, in order to improve the company's competitiveness and profitability of the principle, in the right time to inject the company in an equitable manner."　　"According to the reporter understand, HNA commercial holding Shaanxi Minsheng Business chain Limited Liability company 61% Equity, Xi ' an Minsheng and HNA business will combine the actual operation of the Minsheng home music in the second half of 2011 to start the livelihood of the home equity injection work."　　HNA Commercial Holding the Han medieval Sunshine Commercial Building Co., Ltd. 60% stake, at present, HNA business has been the sun entrusted to Xi ' an people's livelihood to operate, because the century sunshine is implementing the two expansion, the performance of a certain pressure, for the performance of consideration, Xi ' an Minsheng and HNA business will be a century of sunlight injection arrangements in 2012.　　HNA business also holds XI ' an Xing Zheng Yuan Shopping Center Co., Ltd. 100% stake, Tianjin International Shopping Center Limited 60%, the two companies will be the shares of both sides can be acceptable to the fair way to the people of Xi ' an. In addition, HNA commercial holding Shanghai HNA Home Music Enterprise Management Co., Ltd. 100% stake, HNA Group under the control of Hainan Construction Letter Investment Co., Ltd. holding Hainan Minsheng department Store shopping mall Limited 100%, although the two companies because of the geographical location is far apart, facing the regional segmentation of the market and different customer groups, There is no competition at present. But the three parties all said that if the relevant business by Xi ' an people's livelihood as a form of substantive competition, then Xi ' an people's livelihood has the right to demand fair prices and conditions or both parties can accept the equity of the assets into XI ' an people's livelihood, or other ways to eliminate peer competition.