Xiang-e sentiment will peel off catering business to environmental protection and large data new media

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May 27 News, yesterday, catering company Beijing Xiang-e Sentiment Group Co., Ltd. (hereinafter referred to as "Xiang-e sentiment") issued a notice that the company will be with Shanghai Ying Joint Sense Intelligent Technology Co., Ltd. (hereinafter referred to as "Ying Lian Technology") will be jointly funded, the establishment of the Shanghai Cat New Media Data Technology Co., Ltd. (hereinafter referred to as "Cat technology"). Xiang-e Sentiment chairman Mengkai also said yesterday, Xiang e sentiment will peel off catering business to environmental protection and large data new media for the main business.

The announcement shows that Xiang-e situation is intended to be in cash, not less than 51% of the registered capital of the new company, Ying Lian technology to be associated with Internet video technologies related to patents, software, trademarks, domain names, such as intangible assets or cash in the form of capital contributions.

In addition, the bulletin also shows that love cat technology to develop business scope: computer hardware and software, network systems, electronic professional field of technology development, technical services, technology transfer, technical advice, computer software hardware, electronic product development, production, sales, computer systems services, data processing, Internet Information services; Home audio-visual equipment Home audio-visual equipment manufacturing, entertainment supplies and indoor entertainment equipment manufacturing;

Dismal performance forced transformation

Public information shows that Xiang-e sentiment was established in 1999 and was listed in Shenzhen Stock Exchange in November 2009. Xiang-e Sentiment 2013 earnings, the year's revenue of 802 million yuan, down 41.19% than the previous year, net loss of 564 million yuan, is the most serious loss in history of the year.

Xiang-E Sentiment said that 2013 restaurant business of huge losses, in a serious impact on the restaurant's own business, but also for the company's public catering business development brings many difficulties, the company in the public catering business expansion has to slow down the merger process, the company in the middle and high-end catering business to the public catering business transformation process to profit very difficult.

It is because of the continuous loss of catering business, the company has closed more than 10 stores, and since last July, through a series of acquisitions, into the environmental protection, film and television, the internet industry. Xiang-e-related officials said that the catering business basically do the head, has become a drag on the listed companies, the future will be gradually stripped of food and beverage.

Before the establishment of cat technology, Xiang-e sentiment has issued a bulletin said, will work with the Chinese Academy of Sciences to establish a network of new media and large data joint laboratory, around the next generation of video search, cloud search platform and new media social three directions, launched industrial model innovation, key technology research and industrial application promotion and other all-round cooperation.

From the result, the transformation of Xiang-e situation brought a certain positive. In the first quarter of 2014, the earnings of Xiang-e sentiment was 301 million yuan, an increase of 19.75%, net profit of 36.04 million yuan, and the same year's turnover.