Yueyang Heng Li just shell successful three quarters of the collapse of the swamp

The company was previously suspended for the restructuring of seven years of dystocia, assets reorganization five times, now just take off St hat but launched 4.2 billion Yuan additional scheme "circle Money" Yueyang Heng Li (Market, inquiry) in wearing St hat years later, this year finally through the split share reform, removed the St hat. The company has been suspended for the reorganization of Dystocia for seven years, five times the reorganization of assets has gone, now only half a year after the card, due to weak performance improvement, again plunged into a huge deficit mire. A just completed share-splitting reform, so that Yueyang Heng-Li stripped of the huge debts, successfully achieved last year's profit, in May this year officially picked the star hat. However, Yueyang Hengli recently issued a three-quarter deficit signal, the loss of more than the performance of the rapid expansion of financial risk as a time bomb, so that investors worried. Difficult to guarantee the success of the case to increase no progress Yueyang Heng Li in this year after the "hot" to the market to throw the fifth time to increase restructuring, due to fund-raising projects suspected of long-term shutdown and money whereabouts unknown, encounter jam, or will be nothing. The reporter calls Yueyang Heng Li Dong secret to do the telephone, a staff member told the Reporter: "The increase by the big shareholder operation, currently has no progress." "Whether or not the increase will continue," said the other party: "It is not good to say that the shareholder level has not yet been conveyed." "It said that the company today held a general meeting, more busy, and is currently in the three quarterly release on the eve of the sensitive period, inconvenient to disclose too much, then hurriedly hang up the reporter phone." Yueyang Heng Li predecessor Yueyang refrigeration equipment Factory, the main business is car air-conditioning. The company in 2003 years after three consecutive years of losses, in May 2006 was SSE suspended listing. In the middle of last year, the Shenzhen-Shanghai exchanges further perfected the criteria for resuming the listing, and the exit policy was introduced. St Plate of the whole encounter retreat city policy Force Palace. Step on the "Red Line" on the Yueyang Heng Li (at that time S*st Heng Li), such as hot bricks, seek to protect the shell "prescription". A key share-splitting reform, so that Yueyang Heng Li finally tide over the difficulties. Last October, the company reorganization party to throw out the generous share reform optimization plan. According to the plan, the company adopts the "donation cash + debt exemption + capital accumulation increase" way to carry out the price arrangement. Proud Shengxia Industrial and Huayang holding respectively to Yueyang Heng Li donated cash 106.7 million yuan, 143 million yuan. At the same time, proud Shengxia donated cash to the listed company 80 million yuan, in order to the original major shareholder in the real estate to fulfill the company's previous share reform commitment. Large-scale capital injection, so that Yueyang Heng's share-splitting reform "go" smoothly, stripped of huge debts, the financial side has been greatly improved. Yueyang last year to achieve a full year, net profit of 5.16 million yuan, a significant increase of 115%. The success of the February 8 this year after the Yueyang Heng Li SSE submitted to the company to withdraw the implementation of the stock market risk warning application, May officially pick star tipped ladies. Yueyang Heng Li immediately thrown to the market to increase the plan, proposed to raise 4.2 billion yuan for Hefeng County 溇 Water and Hydropower Development Co. However, the project is controversial, because the project is suspected of long-term shutdown and the whereabouts of the unknown, and again encountered resistance. After six months, Yueyang Heng Li's DingThe reorganization is still no thereafter. A person close to Yueyang Heng Li told reporters: "The company's five assets reorganization, although not successful, but a significant display of the holding shareholder and the company's determination to protect the shell, although tipped ladies success, but the tolling is not a long-term solution, the performance of the shrinking situation can not be thoroughly improved, or let Yueyang Heng stand hard to roll over. "Shareholder's interest game is understood that the Yueyang Heng Li's definite increase has no fruit, mainly stems from the shareholder level's benefit cannot reach the agreement." For the first time, Yueyang Heng-li to cast the olive branch of the reorganization of the group, which aims at Yueyang Heng Li Good land resources, the real estate restructuring Yueyang Heng Li Basic strategy for 30 million yuan of cash, 120 million yuan assets. However, the fortunes of the poor, it caught up with the state of real estate regulation from tight, restructuring plan has not seen the light of the light. After that, Yueyang has been holding the shell for several years, the Battle of the brand, Guangxi Yuchai, Shenzhen, Shangfeng Cement (market, interrogation) group, Lindong coal industry and other enterprises in the real estate, cement, coal and other industries are interested in Yueyang Heng Li, but eventually "superficial". Let Yueyang Heng State share reform is illusory. Insiders said that the Yueyang Heng Li shareholders and the new capital of the interests of the game formed contradictions, in the extraction of real estate will backdoor cost higher price, so that the restructuring of Yueyang Heng staged a wordless ending, but also into the embarrassing situation. Continuous loss of performance after the return of the Yueyang Heng Li's first performance report on the market poured a basin of cold water. In the first half of 2013, Yueyang Heng Li realized total operating income of 43.35 million yuan, a decrease of 29%, operating profit of 4.52 million yuan, a decrease of 0.26% in the same period last year, net profit of 5.02 million yuan, 4.32% per cent year-on-year decrease. It is a double whammy, October 12, Yueyang Heng Li again issued three quarterly deficit announcement said that the third quarter net profit loss of 7 million yuan to 8.5 million yuan, compared with the loss of 5.4709 million yuan a year earlier, the loss is still expanding. For the reasons for the loss of performance, the company's explanation for the new management measures are not perfect, automotive air-conditioning industry competition, downstream manufacturers related products discontinued. However, for more than six years to suspend business, the main single Yueyang Heng Li, the rapid development of the automotive industry is the general trend. An employee who once worked in Yueyang Heng Li told reporters: "Seeing the company's production and operation less than one year, many factory closures, there are a large number of employees unemployed and dismissed." Although there are still hundreds of employees on the job, wages can only make a living. "Industry analysts pointed out that at present, Yueyang Heng Li Main continued to shrink, the holding subsidiary of Shanghai Heng An existing customer product transformation production and the development of a single car-related business to make it difficult in the existing competitive market environment foothold. According to the relevant rules of Shanghai and Shenzhen Two exchanges, listed companies operating income is too low or basically no business income, indicating that the company has not been normal operation. From the impact on the market and investors and the consequences, the company has lost the ability to continue to operate, is not suitable for continued listing. Industry insiders pointed out that from the performance of Yueyang Heng Li, the risk of retreat is still huge, investors need to be cautious.