Beijing Electric Power prospects of assets to be injected into the Shanghai cited concern-k9084

Beijing Electric Power prospects of assets to be injected into the leading exchange hot money flows thousands of thousands of column rating stocks diagnosis the latest rating simulated trading client Sina Level2:A shares of sina finance: App speed Kanpan live on-line blogger to tutor in order to avoid competition, coal asset management integration of its architecture, Beijing electric power of large shareholders the coal assets of 6 billion 900 million yuan into its Beijing electric power, but in the public trading scheme in less than 20 days, has attracted attention to the scheme of Jingneng group assets. In the Shanghai Stock Exchange issued a letter of inquiry in the China Daily reporter found that to be injected into the Beijing electric power coal assets management situation is not so optimistic that trading scheme, in addition to the company’s business prospects, profitability and valuation in the transaction are caused to attention. Data show that the proposed injection of Beijing Beijing electric power coal main business investment and holding Jingneng group coal enterprises, as of the end of 2015, the company’s total assets of 11 billion 900 million yuan, attributable to the parent company owners’ equity 4 billion 700 million yuan, 2015 annual total revenue of nearly 2 billion 400 million yuan, 3 billion yuan compared to the year 2014 fell 20%, but the company achieved a net profit of 775 million yuan, an increase of 74%. Due to the decline in revenue net profit appears Beijing coal rise reason, because in August last year, Beijing coal receiving transfer 4 shares of the company, the rapid growth of investment income in 2015. In fact, most of the coal Beijing subsidiary and shares of the company in the last two years operating income and net profit decline in varying degrees, for example, as Beijing coal core subsidiary of Zhangshan power, its 2014 and 2015 revenues were 2 billion 535 million yuan and 1 billion 940 million yuan, net profit was 422 million yuan, 323 million yuan, decline significantly, while Beijing coal holding 47%, 49% stake in Mengda power on power generation in 2015 net profit decline in more than 20%. In addition, Beijing coal company of Chifeng electron energy non recurring impact on net profit is large, its 2015 annual government subsidies to the non recurring gains and losses of up to 22 million 110 thousand yuan. The overvalued value of the underlying assets also attracted the attention of the Shanghai Stock exchange. In the letter of inquiry, the Shanghai Stock Exchange said that the power generation in 2014 experienced equity replacement, and the estimated value of the transaction was about 795 million yuan higher than the value of July 2014, nearly doubled. In 2015, the net profit of power generation declined by 24% compared with that in 2014. Therefore, the company is required to supplement the disclosure of the underlying assets in a short period of no profit improvement in the case of valuation doubled reason and its rationality. Enter Sina Financial shares] discussion

京能电力前景堪忧拟注入资产 引上交所关注 热点栏目 资金流向 千股千评 个股诊断 最新评级 模拟交易 客户端 新浪财经Level2:A股极速看盘 新浪财经App:直播上线 博主一对一指导   为了避免同业竞争,整合旗下煤电资产管理架构,京能电力大股东拟将旗下69亿元的煤电资产注入京能电力,然而就在交易方案公开不到20天,京能集团的资产注入方案就引起了上交所的关注。   在上交所下发的问询函中北京商报记者发现,拟注入京能电力的煤电资产经营状况并不如交易方案显示那般乐观,此外公司的行业前景、盈利能力以及在交易中的 估值都引起了上交所的关注。资料显示,此次拟注入京能电力的京能煤电主营业务为投资与控股京能集团的煤电企业,截至2015年末,该公司资产总计119亿 元,归属于母公司所有者权益47亿元,2015年度营业总收入近24亿元,较2014年度的30亿元下滑了20%,不过公司实现净利润7.75亿元,同比 增加了74%。而导致京能煤电出现营收下滑净利反升的原因,是由于在去年8月,京能煤电接收划转4家参股公司,使得2015年投资收益增长较快。   实际上,京能煤电大部分子公司和参股公司最近两年营业收入和净利润均有不同程度下滑,例如,作为京能煤电核心子公司的漳山发电,其2014 年、2015年的营业收入分别为25.35亿元和19.4亿元,净利润分别为4.22亿元、3.23亿元,下滑趋势明显,而京能煤电持股47%的蒙达发 电、持股49%的上都发电2015年净利润下降幅度亦都在20%以上。此外,京能煤电子公司赤峰能源非经常性损益对其净利润的影响也较大,其2015年度 以政府补贴为主的非经常性损益高达2211万元。   而标的资产的高估值也引起了上交所的注意。问询函中,上交所表示,漳山发电2014年经历股权置换,本次交易预估价值较2014年7月的评估 价值高出约7.95亿元,增长近一倍。而2015年漳山发电的净利润与 2014年相比却下滑了24%。因此,公司被要求补充披露标的资产在短时间内未见盈利好转的情况下估值翻倍的理由及其合理性。 进入【新浪财经股吧】讨论相关的主题文章: