Home » Xiaoshan State-owned Assets Tender Offer Report Summary: Strengthening the control of Hangzhou Gear to boost investor confidence_Oriental Fortune Net

Xiaoshan State-owned Assets Tender Offer Report Summary: Strengthening the control of Hangzhou Gear to boost investor confidence_Oriental Fortune Net

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On the evening of March 25th,Hang gear forwardreleaseannouncementcompany holdingshareholderXiaoshan State-owned Assets issued a summary of the tender offer report.The summary shows that the purpose of this tender offer is to further enhance theHang gear forwardcontrol, boosting investor confidence.The number of shares acquired by the tender offer is 79,971,900 shares, and the tender price is 8.13 yuan per share. After completion, Xiaoshan State-owned Assets will hold the most shares.Hang gear forward180,056,250 shares, accounting for 45.01% of the total issued shares of Hang Gear Advance, further stabilizing its position as a major shareholder.

Hangzhou Gear Advance is a large-scale backbone enterprise with a large scale and comprehensive competitiveness in the sales of marine propulsion systems and marine gearboxes in my country. In recent years, catalyzed by factors such as the continuous tightening of downstream shipping capacity stimulated by the epidemic, the shipping industry is ushering in a recovery. The latest data shows that in January this year, the global new ship order volume was 3.07 million revised gross tons, an increase of 72% from the previous month, of which China received 1.47 million revised gross tons of orders, accounting for 48%, ranking first in the world. As of the beginning of February this year, the number of orders in hand in China’s shipbuilding industry reached 96.85 million dwt, accounting for 46.9% of the global market share.

Under the favorable conditions of the industry, as a benchmark enterprise in the mixed-ownership reform of local state-owned enterprises, Hangzhou Gear Advance integrates digital genes to empower technological innovation, business management, and promoteperformancemaintain rapid growth.The company’s 2021 annual performance pre-increase announcement shows that during the forecast period, the company seizes market opportunities, marine products andconstruction machineryThe scale of production and sales of products increased significantly year-on-year. In the first three quarters of 2021, Hang Gear advances to its mothernet profitReached 138 million yuan, an increase of 87.05% year-on-year; the annual performance in 2021 is expected to increase by 42 million yuan to 60 million yuan, a year-on-year increase of 50% to 71%; the net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses is the same as the same period last year. In comparison, it is expected to increase by 14.4 million yuan to 32.4 million yuan, a year-on-year increase of 42% to 96%.

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In this context, the increase in the holdings of Xiaoshan State-owned Assets, the controlling shareholder of Hangzhou Gear Advance, will enhance its control over the company, which is conducive to further increasing the company’s value, stabilizing the stock price, and increasing investor confidence. A cyclical recovery, long-term positive market conditions, andChinese shipA reflection of a historic opportunity for industrial development.

The “14th Five-Year Plan” and the outline of the long-term goals for 2035 put forward that it is necessary to consolidate and enhance the competitiveness of the entire industry chain in the shipbuilding field, and to build a strategic overall industry chain from the complete machine products that conform to the direction of future industrial transformation. This year’s “Government Work Report” proposes to promote the smooth operation of the industrial economy, strengthen the supply guarantee of raw materials and key components, implement the project of leading enterprises to maintain and stabilize the chain, and maintain the safety and stability of the industrial chain and supply chain.

Market analysts pointed out that, as an upstream leading enterprise in the shipbuilding industry, the relevant actions of Hang Gear Forward may bring more policy support.Debonsecuritiespreviously publishedShipbuildingIndustry TopicsResearch reportcompare Hangzhou Gear Advance withChinese shipChina Ship DefenseChina Heavy IndustryThe research report pointed out that the product structure of Chinese shipbuilding enterprises has been continuously optimized, and the high-tech and high-value-added ship types have made comprehensive breakthroughs. The performance of key shipbuilding enterprises in 2021 has begun to pick up.

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(Article Source:securitiesDaily Network)

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