① Gujia Home, whose stock price has shrunk sharply, is targeted by He Xiangjian's family; ② Gujia Home announced that the actual controller is planning a share transfer, and control may change; ③ the trading partner Yingfeng Group has two listed companies, and their performance after entering the market was mixed.
Financial News Agency, November 6 (Reporter Luo Yichen)The weak market caused the stock prices of listed companies in the home furnishing industry to shrink sharply, yet another group of investors sniffed out the opportunity. This evening, an announcement from Gujia Home Furnishing (603816.SH) attracted market attention. The company's actual controller is planning an equity deal with He Xiangjian's family, the founder of Midea Group (000333.SZ). The household appliance leader with a market capitalization of 30.2 billion dollars may change hands.
This evening, Gujia Home made an announcement that Gujia Group and its co-actor TB Home Limited and Yingfeng Group Co., Ltd. and/or its controlled entities (both non-listed entities) are planning an equity transfer in relation to Gujia Home. The matter may involve changes in control of listed companies.
According to reports, the actual controller of Yingfeng Group Co., Ltd. (hereinafter referred to as Yingfeng Group) is He Jianfeng, the son of Xianjian. The latter has controlled two listed companies, Yingfeng Environment (000967.SZ) and Baina Qiansheng (300291.SZ) through Yingfeng Group. Also, according to incomplete statistics, the listed companies controlled by the He Xiangjian family also include 5 listed companies including Midea Group and Wandong Healthcare (600055.SH). If the deal is completed, the number of listed companies controlled by the He Xiangjian family will increase to 8.
As soon as the news about Gujia Home's possible change of ownership was released, it sparked a buzz in the market. Investors' attention was focused on whether the entry of Gujia's family could bring new expectations to Gujia Home.
Currently, details such as transaction consideration have not been announced. From a business-related perspective alone, the home furnishing manufacturing industry where Gujia Home Furnishing is located and the home appliance industry that Midea Group is deeply involved in have some room for cooperation in terms of customer groups, channels, and logistics. Regarding the prospects for business collaboration, the Finance Association reporter called the relevant person in charge of Gujia Home twice to find out, but as of press time, the call had not been answered.
It is worth noting that judging from past performance, Yingfeng Group's performance after entering a listed company has been mixed.
In 2006, Yingfeng Group obtained control of Yingfeng's environment. Since then, after years of development, the company achieved a double explosion in performance and stock prices in 2015. Although there was a sharp decline in profit after 2021, the overall operating situation improved markedly compared to the last time it changed hands. By 2018, Yingfeng Group set its sights on the burgeoning film and television industry, and bottomed out the second A-share listed company, in an attempt to transform it from a simple film company to a “content” and “content+” two-wheel-driven IP industry chain operation platform. However, subsequent performance was poor, and net profit of 100 per cent had shrunk sharply in the past two years.
The situation faced by Yingfeng Group is quite similar to the situation faced by the last time it was taken to the bottom. The targets were all companies whose stock prices shrunk sharply during the slump in the industry. In the first three quarters of this year, Gujia Home Furnishing continued its growth trend, and both revenue and net profit increased year-on-year. However, under the impact of sluggish industry expectations, the company's stock price continued to fall, down about 45% from the 2021 high.