Xuzhou Sasac to transfer the ownership of the weapons group to enter the main Xugong

China Ordnance Industry Group Corporation (hereinafter referred to as "weapons Group") strategic reorganization of Xugong group, is advancing.　　Recently, there has been news that the reorganization of Xugong Group and Weapon Group is the core of Xugong group's transfer of mechanical control stock. However, this newspaper learned from the reliable way, Xuzhou Sasac is likely to sell some of the Xugong group shares to the weapons group, so that the weapons group to become the holding side of Xugong group.　　The actual control person of the listed company Xu Machinery will also change from the Xuzhou Sasac to the weapon group. Xugong Group is the largest engineering machinery group in China, with a listed company's Xugong (000425). SZ) 58.472% of the shares.　　and Xugong group 100% of the equity is owned by Xuzhou Sasac. The cooperation between the Ordnance Group and Xugong Group was already in the early years of this year. At that time, the two sides of the Xugong group's asset restructuring, market development, complementary advantages, equity cooperation, equity incentive, etc. have had a comprehensive exchange, but did not reach any conclusions. Since May 27, the Jiangsu provincial government and the weapons group signed a strategic cooperation agreement.　　Ordnance Group senior said that the Xugong group will be strategic restructuring. People familiar with the matter also disclosed to the reporter, Xuzhou city SASAC If the transfer of equity, the possibility of free transfer of equity is not.　　One reason is that Xugong group has a very important supporting role for the whole Xuzhou economy. 2009, Xuzhou Equipment manufacturing industry to achieve the main business income of 107.155 billion yuan, an increase of 34%.　　In 2009, Xugong Group realized 50 billion yuan operating income. That year, the Xuzhou tax bureau revenue achieved 16.6 billion yuan, revenue breakthrough billion mark.　　According to the number of Xugong group, the company's profits tax last year was 3.5 billion yuan.　　Many of the Xugong group's top executives have remained silent on the notion that the Ordnance group will be subject to Xuzhou Sasac's stake in Xugong. The Ordnance Group shares the Baotou North Ben Heavy Duty Automobile Co., Ltd. (hereinafter referred to as "Bei Ben").　　A management of Xugong group told the newspaper that they had purchased the chassis of a north-run car for use in the manufacture of fire engines.　　A fund researcher told the newspaper that the heavy truck of the Ordnance group (ie "heavy trucks") could give Xugong the help of xugong to produce small tonnage cranes, car hoists and fire engines, etc.　　The weapon group also has the road roller, the small excavator and so on and Xugong similar construction machinery product, but the market share is not big. "However, the Ordnance Group has a West axle (600495). SH), is the only production of EMU, Subway, light rail with hollow shaft of enterprises, the future development of space is very wide, and Xugong has cranes, paver and other market share of high products. After the two sides, the product line is elongated, the production scale will be expanded immediately.　　"said a brokerage analyst. If the group is directly holding the Xugong group, it would be a good thing for the Xugong management, which has been trying to promote equity incentives for the company.　　As early as Xugong and Carlyle in the joint venture, the group management also intends to try the equity incentive, but with the collapse of cooperation, equity incentives also fell through. Another, "Twelve-Five" during the weapons industry group will invest 15 billion yuan in Jiangsu, building heavy vehicles and construction machinery research and development production base, etc., this may also bring good to Xugong. Xugong Internal management said: "Weapons groups may be in the capital, loans more advantages, but the cooperation between the two should be viewed from a longer-term perspective," want to expand the machinery industry, certainly need the strong support of central enterprises. With the cooperation of xugong and weapons, both employees and customers will have a new understanding of Xugong. Moreover, the national defense and the civil industry should strengthen infiltration and integration, so as to improve the overall technology and production capacity of our equipment manufacturing industry. The closing price of Xugong was 32.71 yuan yesterday, down 0.67%.