The reporter recently learned from the Wuhan Optical Valley Joint Property Rights Exchange that 90% of the state-owned shares of Sanhuan Auto Parts Co., Ltd., a wholly-owned subsidiary of Hubei Sanhuan Group, are being listed and transferred. The listed price is 45.69 million yuan. The listing period is from July 1 to July 28. The SASAC of Hubei Province has approved the transfer and pricing, and agreed that the reorganization party will implement the restructuring of Sanhuan Auto Accessories Company.
Has a long history
The listing announcement shows that Hubei Sanhuan Automobile Accessories Co., Ltd. has its registered address in Wuchang District, Wuhan City, and mainly produces automotive accessories such as automotive wire harnesses.
Sanhuan Auto Accessories Company has a long history and was established in 1969. It is a special auto parts supporting enterprise established synchronously with Dongfeng Motor Group and has an annual production capacity of 300,000 sets of auto accessories. The company's main products include automotive rubber seal series, automotive low voltage wire series, automotive wire harness series, automotive steering flexible shaft, hose series, automotive chain, tensioning wheel and other metal product series, a total of five major categories of more than 2,000 species, respectively For heavy, medium, light, sedan, micro, passenger and more than 110 kinds of models supporting.
The announcement said that after evaluation, Hubei Sanhuan Automobile Accessories Co., Ltd. had total assets of 1,941.653 million yuan, total liabilities of 143.9388 million yuan, and net assets of 50.7665 million yuan. The assessed value of the transfer of equity was valued at 45.8899 million yuan, so the transfer price was not lower than 46.69 million yuan. yuan.
The current equity structure of Sanhuan Auto Accessories Company is that the majority shareholder Sanhuan Group holds 90% of shares, legal representative Qiao Hong holds 2% of equity, and the other three natural persons Wang Ronghua, Zhang Xiaosong, and Zhang Le hold 1.05%, 0.75%, respectively. 0.5% equity. In the previous year, the company’s main business income was 19,521,800 yuan, operating profit was 4,884,700 yuan, and net profit was 3,076,600 yuan.
Sanhuan Automobile's controlling shareholder Sanhuan Group is a large-scale enterprise in Hubei Province with total assets of 8 billion yuan. It is mainly engaged in the production and operation of special-purpose automobiles, auto parts and components and mechanical and electronic products.
Sanhuan Group owns a listed company Sanhuan (000883), but related persons in the Sanhuan Securities Department told the reporter that Sanhuan Auto Accessories Co., Ltd. and Sanhuan Co., Ltd. did not have much connection, and they did not understand the company’s Business conditions.
The reporter learned from relevant channels that although Sanhuan Auto Accessories Company has strong technical development capabilities and a comprehensive quality assurance system, it has become an accessory supplier to a number of vehicle companies, but for a long time, the personnel and debt burden is too heavy. Affected the development of the company. According to the announcement, there are as many as 1,720 employees in Sanhuan Auto Accessories Company.
At present, the company's products are mainly for Dongfeng, Shenlong, Chery, Beiqi Foton, Zhejiang Geely Automobile Group, Zhengzhou Nissan and other host plants supporting the product has been maintained in Hubei Province, "quality products" and Dongfeng company "trustworthy" product title, is Dongfeng Commercial Vehicle Co., Ltd. "Best Supplier", Dongfeng Motor Co., Ltd. "AA Supplier", Shenlong "B-Class Supplier".
Auto parts market has a bright future
The auto parts industry of Sanhua Auto Accessories Company is currently in a stage of rapid development.
In recent years, domestic car sales have continued to rise dramatically. According to relevant data, in 2007 China's auto sales were 8.7715 million. In 2008, the automobile production and sales volume will reach around 10 million. In 2010, the scale of automobile sales will reach 12.63 million.
At the same time, in 2007 China's car ownership has reached 55 million, and in 2010 it is expected to reach 70 million, and in 2020 it will reach 145 million.
Rapidly growing car ownership has spawned a huge auto parts industry. In 2007, the scale of China's auto parts and components has reached 210 billion yuan. The scale of auto parts and maintenance has reached about 150 billion yuan. It is predicted that the auto parts market will grow at a rate of 25%. China's auto parts market is playing a key role in comprehensively improving the global competitiveness of China's auto industry.
However, the rapid growth of the domestic auto market has attracted multinational auto parts giants to invest and set up factories in China. China is gradually becoming the world's auto parts production plant. The lagging domestic auto parts companies, due to congenitally insufficient technology and research and development capabilities, Always in a more dangerous situation.
The advantage of Sanhuan Auto Accessories Company is that it has accumulated rich technical experience, talents and valuable customer resources, which laid a good foundation for the sustainable development of strategic investors after restructuring.
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