① Jefft said that the sale of the subsidiary Reaper Seiko was carried out in order to focus on the strategic development direction of the main business and carried out a business divestment. On the other hand, it is also beneficial to the company's cost control. ② Since January, 39 listed companies in the A-share market have transferred shares in holding subsidiaries and sold related assets. In comparison, only 27 companies issued relevant announcements in the same period last year, an increase of 44.44% over the previous year.
“Science and Technology Innovation Board Daily”, March 7 (Reporter Wu Xuguang) A-share laser leader Jepter recently proposed a sale plan.
On March 6, JPT announced that, based on strategic planning needs, the company plans to transfer 100% of the shares of Shenzhen Ruipo Precision Engineering Co., Ltd. (“Reiper Precision”) to Shenzhen Ruipo Consulting Management Partnership (hereinafter referred to as “Reaper Seiko”), CHENGXUEEPING, and Huanghuai. After the transaction is completed, the company will no longer hold shares in Ruipo Precision.
The “Science and Technology Innovation Board Daily” reporter further inquired about the reason for the sale of the subsidiary Reaper Seiko. The relevant person in charge of JPT responded that Reaper Precision's main business is laser five-axis processing equipment, and that this segment of cutting-edge application areas will still require some time from large-scale commercial application, and continuous capital investment is required. In order to focus on the strategic development direction of the main business, the company carried out a business divestment, which is also conducive to cost control.
Selling non-core assets focuses on core businesses
According to public information, Ruiper Precision was founded on December 5, 2023, with a registered capital of 8 million yuan. The legal representative is Huang Huai. The company's business scope includes mechanical equipment research and development, industrial robot manufacturing, etc. Since the company has not achieved operating income since its establishment, the parties to the transaction agreed to use the paid-up capital of Reaper Precision as the pricing basis. The transaction price for this equity transfer was RMB 800,000.
Jefft said that the purpose of this transaction is to focus on the main business and concentrate resources to fully develop R&D, production and sales of lasers and laser/optical intelligent equipment products.
As the transferees of this related transaction, JPT directors CHENGXUEPING and Huang Huai are natural persons associated with the company. Among them, CHENGXUEPING is the executive partner of Reaper Tongju, and at the same time, Reiper Tongju is a JP related corporation.
It should be pointed out that through equity penetration, Huang Huai was the head office manager and senior manager of China Merchants Securities Investment Bank; he is currently the director of Jeput and a special assistant to the general manager of the equipment division, holding 2.889,500 shares of the company's shares, accounting for 3.04% of the total share capital. At the same time, Huang Huai is the concerted actor of the Huang Zhi family, the actual controller of Jeput, and Huang Zhi's family, the actual controller of Jeput, has a father and son relationship with Huang Huai.
Some market analysts told the “Science and Technology Innovation Board Daily” reporter that the reason why Reaper Precision was transferred to a related party, and that the son of the actual controller of Jepper also holds shares and is not an independent third party may be due to the fact that Reaper Precision has a long period of external financing cycles. The current method can maintain the continuity of the project to the greatest extent possible and provide financial support. Also, judging from the shareholding structure of Ruipo Precision Industries, Huang Huai's shareholding ratio is 22%, which is relatively small. The company's controlling shareholder joined the team's shareholding platform Ruiper, which also shows that the team itself is optimistic about this business.
Many listed companies “unload their burdens” during the year
Recently, equity transactions in the capital market have become more and more active. Not only is the phenomenon of asset acquisition active, but the sale of assets by listed companies is also active.
According to Star Mining data, since January, as of March 7, 39 listed companies in the A-share market have transferred shares in holding subsidiaries and sold related assets. In comparison, only 27 companies issued relevant announcements in the same period last year, an increase of 44.44% over the previous year.
The “Science and Technology Innovation Board Daily” reporter noticed that the divestment of non-main assets by some listed companies, optimization of asset structures, and concentration of resources in the main business seems to have become the primary factors for this group of enterprises.
On the evening of February 29, Fuheng New Materials disclosed an announcement on the sale of shares in the holding subsidiary. According to the announcement, since the operation of the holding subsidiary Fuheng Precision has not met expectations in recent years, it was decided through friendly negotiations between the parties to transfer 70% of Fuheng Precision's shares to Zhao Zhenqiang at a price of 658,400 yuan. After the share transfer was completed, the company no longer held shares in Fuheng Precision, and Fuheng Precision was no longer included in the scope of its consolidated statements.
In addition, some companies have been subject to delisting risk warnings and other risk warnings, and related assets have been divested for the purpose of sheltering, etc.
Take *ST Jinshan as an example. On January 24, the company released a financial report stating that in 2023, net profit attributable to shareholders of listed companies is expected to be 2.11 billion yuan to 2.21 billion yuan, and operating income is 5.9 billion yuan to 6.5 billion yuan. The company launched a major asset sale in this phase, selling 100% of the shares of Liaoning Huadian Tieling Power Generation Co., Ltd. and 51% of the shares of Fuxin Jinshan Coal Gangue Thermal Power Co., Ltd. to Huadian Liaoning Energy Co., Ltd. The company said it will continue to further improve quality and efficiency, and drive significant improvements in its operating performance and asset quality and efficiency.
Bai Wenxi, vice chairman of the China Enterprise Capital Alliance, said in an interview with the “Science and Technology Innovation Board Daily” reporter that in recent years, many listed companies have chosen to divest non-core assets and sell subsidiary shares, and there are various reasons behind this trend. First, this approach helps companies focus on their core business and improve operational efficiency and competitiveness. For example, some companies sell assets to clarify the future direction of development, and at the same time get rid of the burden of history to “go to battle lightly.” Furthermore, through asset sales, companies can return capital, which not only helps improve financial conditions, but also enhances the company's ability to continue operating.
“While there are many benefits to divesting non-core assets, there are also risks. For example, whether the divested assets have synergy with the company's main business is an issue to consider. Furthermore, when divesting assets, companies also need to consider the degree of market acceptance and the value of assets.” Bai Wenxi added.