© Reuters. Fuchun Environmental Protection: The controlling shareholder plans to change to Nanchang Municipal Group. The environmental protection business and the water industry are expected to develop in concert
Financial Associated Press, June 20 (Reporter Wang Bin) After nearly two years of “committing” to Nanchang Shuitian Group, the controlling shareholder of Fuchun Environmental Protection (002479.SZ) has changed again. A reporter from the Financial Associated Press learned from Fuchun Environmental Protection: “The adjustment of the controlling shareholder is mainly due to the integration of Nanchang’s state-owned assets platform. After the transfer to the municipal group, Fuchun Environmental is equivalent to a first-level subsidiary of the municipal group, and the business synergy will also be further improved. promote.”
On June 20, Fuchun Environmental Protection announced that the Nanchang Municipal People’s Government agreed to the Nanchang State-owned Assets Supervision and Administration Commission to transfer the 20.49% equity of Fuchun Environmental Protection held by Shuitian Group, a wholly-owned subsidiary of the holding subsidiary Water Investment Group, to the Municipal Group for free. After the transfer is completed, the controlling shareholder of Fuchun Environmental Protection will be changed from Shuitian Group to Municipal Group, and the actual controller of the company will remain the same as Nanchang State-owned Assets Supervision and Administration Commission.
According to the official website of Nanchang Municipal Utilities Group, the company is a large state-owned enterprise engaged in urban public transportation, tap water and sewage treatment, gas, municipal administration, real estate and investment. It is one of the top 500 service companies in China. ) and Jiangxi Changyun (600561.SH) two listed companies. It is worth mentioning that the main business of Hongcheng Environment includes sewage treatment and solid waste disposal.
In response to the follow-up planning ideas of Fuchun environmental protection, the relevant person in charge of the company said to the reporter of the Financial Associated Press: “Based on the new industry development trend of water affairs and environmental protection integration and the current development foundation of the municipal group, the company is expected to use the increase in environmental protection business and the existing municipal group’s existing development foundation. In-depth synergy of the water industry to explore the field of environmental protection services with higher industrial added value.”
In July 2020, Communication Group, the original controlling shareholder of Fuchun Environmental Protection, signed a share transfer agreement with Shuitian Group. Communication Group plans to transfer 177 million shares of the listed company it holds to Shuitian Group, accounting for 19.94% of the total share capital. After the acquisition, Shuitian Group became the controlling shareholder of Fuchun Environmental Protection, and Nanchang State-owned Assets Supervision and Administration Commission became the actual controller of the company.
According to the financial report, in the first quarter of this year, Fuchun Environmental Protection achieved a revenue of about 1.038 billion yuan, a year-on-year increase of 21.79%; the net profit attributable to the parent was about 20.2152 million yuan, a year-on-year decrease of 83.02%.
“There are many factors for the decline of the performance in the first quarter, including the Spring Festival holiday, the impact of the epidemic and the high cost of raw materials. Compared with the first quarter, the company’s performance in the second quarter is expected to improve.” The relevant person in charge of the aforementioned company said.
Public information shows that Fuchun Environmental Protection is a large-scale environmental protection public utility and circular economy technology enterprise in China. It is mainly engaged in solid waste, hazardous waste disposal and energy conservation and environmental protection business. It is a high-tech industry that improves the environment and enhances the infrastructure functions of the park. At present, the company’s business layout has expanded to four provinces of Zhejiang, Jiangsu, Jiangxi and Shandong.
(Editor Liu Yan)