Year-end into the "replenishment" of the *st restructuring expected to weaken

If the government does not help, *st (600301) in 2010 for the third consecutive year losses have been almost no suspense, and the company's second largest shareholder Guangzhou Huawei Economic Development Co., Ltd. in the "latent" after nearly 1.5, but it seems to be the initiation of retreat, reduce equity to less than 5%.　　Analysts believe that the *st south of the main business continued to falter, should be restructured to improve profitability and regain financing capacity, government subsidies to reduce the urgency of restructuring the company, Guangzhou Huawei may gradually lose patience. The profitability of *ST has not improved since the main business continued to suffer from successive losses in 2008 and 2009.　　The third quarterly Bulletin of 2010 showed that *st 209.22 million yuan in the first three quarters of the south, with a loss of 58.08 million yuan in the second quarter, and there was a risk of capital shortages and delisting. Analysts say investors are not too worried about the risk of "delisting" in the quarterly. According to the announcement of October 19, the company received the document of Nanning Municipal Bureau of Finance on October 17, the company gave operating financial subsidy of 330 million yuan, subsidy funds will be arranged in place before November 30, and counted into the company's 2010 profit and loss.　　In addition, the company August 18 with the Nanning Land Reserve Center signed the relevant contract, the company is located in Nanning Pavilion Hong Lu 170.985 mu of industrial land sold to the reserve center, in the land before the sale of compensation for the purchase of a prepayment of about 540 million yuan. The real worry is that, in this year's recovery in the chemical industry, the company's main business is still not improving.　　Main business also for chlor-alkali Xinjiang Tian, Jin Lu Group, British Power Special, Yunnan Salt, chlor-alkali chemical and other listed companies have achieved profitability.　　Two shareholders intend to withdraw? The lack of the main business, but because of the government protection without loss, undoubtedly reduced the *st in the short term of restructuring expectations.　　In 2009, the Guangzhou Huawei, which *st the south, appeared to have a retreat.　　November 26 announced that the company received the second largest shareholder in Guangzhou Huawei from November 9 to November 24, through the Shanghai Stock Exchange concentrated trading reduction of *st 1,166,954 shares, accounting for 0.5% of total equity, after the reduction of 11,735,600 shares, accounting for the company's total capital of 4.99%. On June 18 last year, Guangzhou Huawei bought 11,757,504 shares of its shares in the Shanghai Stock Exchange trading system from March 24 to June 17, accounting for 5% of total equity.　　Judging from the transaction price, Guangzhou Huawei earns a small difference. Analysts believe that the Guangzhou Huawei Reduction show after more than a year, with the understanding of *st gradually deepened, the mentality became cautious. If Guangzhou Huawei further reduce the future, *st restructuring prospects may be even more bleak.