"Xia Ke Environmental Protection" Deficit Ten Years Of Profit Restructuring Failure Executives Go Different Things

" Colored spun yarn Growth is still relatively large, domestic demand is growing steadily, and the demand for international market is hard to improve. This is the prospect of Xia's environmental protection in its 2012 annual report, which led to the biggest loss since 2013. Results express shows that the company's net profit last year was -1.995 billion yuan, down -3000.53% compared to the same period last year, almost eating out of the company's net profit in the past ten years.

Twenty-first Century economic news reporter noted that Xia Ke environmental protection The loss of 199 million 500 thousand yuan in 2013 almost lost all the profits it has made in the past ten years.

July 8, 2004, Xia Ke environmental protection landing Shenzhen Stock Exchange The net profit of the small and medium-sized board market reached 22 million 819 thousand and 800 yuan in the same year. After nine years, the sum of environmental protection net profit was 203 million yuan.

A textile industry researcher admitted that Xia Ke environmental protection. list The ten year's experience of prosperity and decline is also a true portrayal of China's textile industry in the past ten years. "It took 9 years to earn 2 hundred million. In 2013, it almost lost 2 hundred million in a year, which is almost no money in the ten years of listing. The market of polyester staple fiber industry in 2013 is really bleak. Most listed companies are not very good in performance, and there is a drop in profits and losses. Only a few companies maintain profitability or maintain a comparable level with 2012 ".

"In fact, the market's expectation of environmental protection for Xia is restructuring, otherwise there will be no market value of 1 billion 300 million yuan." The textile researcher told the twenty-first Century economic news reporter that the color spinning industry of Xia Ke's environmental protection is "an alternative product of traditional dyed yarns, but the market competition is fierce. In fact, there is no core competitiveness. Everyone is fighting the price, so there is no profit making."

However, in December 20, 2013, the environmental protection plan for a major asset reorganization, which had been suspended for two months, suddenly announced the termination of the restructuring. The reason is that "there is no agreement between the company and the reorganizing party in terms of asset valuation and corporate debt disposal. Because the restructuring side involved the red chip structure, the structural adjustment can not be completed in the near future. In order to safeguard the interests of the small and medium-sized shareholders, the company decided to terminate the reorganization after careful study by the company."

As a matter of fact, this is not the first time for Xia guest to protect the environment. Recombination "Failure".

In January 17, 2012, Jiangyin Zhongji Mining Investment Co., Ltd. (hereinafter referred to as Zhongji mining) and its concerted people bought shares in the two tier market through non-public offering, rights issue and open trading system, becoming the largest shareholder of Xia's environmental protection. At that time, Zhongji mining stated in its follow-up plan that "in the next 12 months, according to the environmental protection development of Xia Xia and the operation of mining assets, it is possible to choose the opportunity to inject the shares into the listed companies by legal compliance."

A year later, in January 9, 2013, Xia Ke Environmental Protection announced: "before January 31, 2013, there was no plan to inject equity into the listed companies in the Zhongji mining industry."

The textile industry researcher said that the industry is basically no longer looking at the company. "The shareholding structure is not clear. China mining is the largest shareholder, but not the actual controller. Chen Jianzhong's shareholding belongs to the second largest shareholder, but the actual controller, do not understand what the company wants to do?"

What is more serious is that after the failure of the reorganization, Xia Ke is green. senior executive They quickly split up.

One month after the failure of restructuring, in January 30, 2014, Xia Ke environmental protection published chairman Sun Yinlong and director Wang Dong's resignation announcement. In February 7th, Dong mi Deng Heting resigned from the duties of Dong MI and deputy general manager, but he continued to be the manager of the Audit Department of the company. On the same day, chairman of the board of supervisors Feng Shujun resigned.

"Now the acting chairman Chu Jianjian is the actual controller of Zhongji mining, and the way out for Xia Xia's environmental protection is sure to be restructured." The above industry researcher admitted that Xia Ke's environmental protection main business had difficulty in turning over in recent two years. "If management has demand for market value, it will continue to choose the way of reorganization. If we do nothing, the future development of the company will be very difficult.

However, the market is still very strong for the Xia's environmental restructuring. In February 24th, Xia Ke's environmental protection rose by 4.26% on a single day, and it closed at 5.63 yuan.