Optimistic about the egg industry Jialin Jie plans to control 1.34 billion yuan Deqingyuan

Every reporter Wu Fan is edited by Chen Junjie

In fact, Jialinjie, the main textile business, has shown signs of decline in recent years. After the loss of 25.87 million yuan in the first quarter of this year, the companyâ€™s performance loss in the first half of this year has not been suppressed. According to the semi-annual report disclosed at the same time on the evening of August 28, The company's loss in the first half of the year reached 28.38 million yuan. The proposed cross-industry acquisition of egg products company Deqingyuan, Jialinjie also intends to carry out diversified competition, bringing new profit growth points for the company.

Main business is sluggish

According to the information, Jialinjie's main business is the weaving, dyeing and finishing of high-grade textile fabrics. From 2015 to the first half of this year, the company's performance is like a "roller coaster".

In 2015, Jialinjie's performance showed its first loss in recent years. In this year, Jialinjie's net profit attributable to the parent company was -102 million yuan. At that time, Jia Linjie admitted that due to the global economic recession, The sluggish demand of textile and apparel consumer customers directly affected the company's order acceptance and production planning.

Although Jialinjie realized a turnaround in profitability in 2016 and realized a net profit attributable to owners of the parent company of 11.85 million yuan, the reporter of "Daily Economic News" noticed that the company's net profit after deducting the year was a loss of 6961. Ten thousand yuan, in fact, during the reporting period, Jia Linjie mainly â€œsavesâ€ the companyâ€™s net profit through a series of measures including the disposal of subsidiaries and equity participation in the company, and the above mentioned The problem of "low demand for textiles market" remains unresolved.

On the evening of August 28, Jialinjieâ€™s latest semi-annual report showed that the companyâ€™s performance was again at a loss during the reporting period, of which 386 million yuan was realized, up 25.44% year-on-year, but the net profit attributable to the parent company was -28.38 million. yuan.

Ma Gang, an analyst in the footwear industry, told reporters that in fact, around 2014, the environment of the textile industry began to appear â€œdefectiveâ€. First, textiles are low value-added products. Because the threshold is relatively low, the production capacity is a bit surplus; Some orders are being transferred to lower cost Southeast Asian countries.

It is worth noting that in the semi-annual report, Jia Linjie also predicted the company's performance in the first three quarters. Jia Linjie believes that the company's net profit attributable to shareholders of listed companies from January to September will continue to suffer losses. 40 million to 60 million yuan.

â€œOne of them was affected by the continued downturn in the global economy. In the report period, the company's production and operation and order sales were not satisfactory. Second, the continuous investment of the company's own brand during the reporting period also had a certain degree of impact on performance.â€ Lin Jie said.

Create a dual main business

In November last year, Dongxu Group became the real controller of Jialinjie through equity transfer. At that time, Dongxu Group said that it would not rule out the adjustment of Jialinjie's main business and planning restructuring in the future.

In February of this year, Jia Linjie began to suspend the planning of major asset restructuring. On April 25, Jia Linjie disclosed that the company was planning to acquire the new three-board enterprise Deqingyuan, which is the leading enterprise in the egg market.

According to public information, Deqingyuan is one of the world's leading modern ecological agricultural enterprises. It was named one of the first national circular economy education demonstration bases by the National Development and Reform Commission, and also a national key leading enterprise of agricultural industrialization. In 2015, 2016 and this year. In the first half of the year, Deqingyuan's net profit attributable to shareholders of the parent company was 11.03 million yuan, 4,609,100 yuan and 3,309,800 yuan respectively.

It is worth noting that Jialinjieâ€™s acquisition of Deqingyuan is not â€œone step in placeâ€. On July 20 this year, Jialinjie issued a foreign investment announcement. The company purchased Deqingyuan at a price of no more than 3.2 yuan/share. 5.45% of the shares.

In the purchase plan released on August 28, Jia Linjie intends to acquire 8.91% equity of Deqingyuan from today's Capital II (Hong Kong) at a price of 134 million yuan in cash; secondly, Jia Linjie also plans to In the form of money contribution, Deqingyuan increased its capital and shares by 343.75 million shares, with an increase of 1.1 billion yuan.

After the completion of the above transactions, Jialin Jie will hold a total of 50.47% equity of Deqingyuan.

Jia Linjie said that in the context of the textile industry facing the resistance of continuous business growth, Jia Linjie intends to achieve control of Deqingyuan through cash acquisition and capital increase, and diversify operations to help improve listed companies. The overall income scale enhances the company's comprehensive competitiveness and ability to resist risks, bringing new profit growth points to listed companies. After the completion of the transaction, Jialinjie's main business will be transformed from a single-run textile business to a business structure that is jointly developed by the textile industry and the egg industry.

Then, after the acquisition of part of the equity of Deqingyuan, will Jialinjieâ€™s performance in the second half of this year be able to turn losses? Will the company acquire the remaining equity of Deqingyuan in the future? On August 29th, the reporter of "Daily Economic News" contacted the company's secretarial office many times, but as of the time of publication, no one answered.

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