Chapter 641 Shancheng Industry

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Shancheng Industry was formed by the merger of Shancheng International Passenger Transport Company and Shancheng Yutong Highway Construction and Development Co., Ltd., and was listed on the Shenzhen Stock Exchange in 1997. ”

"The company's best asset is 55% of the property rights of the section from Shancheng Xiquan to Tongliang on National Highway 319. This is a section of the highway from the magic capital to Rongcheng that must pass through the mountain city, with a total investment of 94.1 million yuan, and the toll was implemented in August 1997, with an annual return on investment of 18.4%, and the road section has been charged 7.65 million yuan in 1998. ”

On November 11, 1998, Beijing Zhongjing Sitong Information Technology Development Co., Ltd. and China Shancheng International Economic and Technical Cooperation Co., Ltd. signed an equity transfer agreement to acquire 11 million shares of Shancheng Industrial state-owned legal person, accounting for 18.33% of the total share capital of Shancheng Industrial, with an amount of 39.6 million yuan Huaxia Yuan, becoming the largest shareholder of Chongqing Industry. ”

Since then, Shancheng Development and Investment Co., Ltd. and Pengcheng Huajianxin Investment Development Co., Ltd., the second and third largest shareholders of Shancheng Industrial, have transferred their respective 6 million shares, about 10% of the equity, to Modu Wanpu and Shancheng Huangfeng Company respectively. Zhongjing Sitong, Modu Wanpu, Shancheng Huangfeng and other companies are all affiliated companies of Delong. As of November 1999, Delong has actually mastered the controlling stake of Shancheng Industrial through these affiliated companies, and Shancheng Industrial has also become the fifth listed company under Delong, following Tunhe Group, Alloy Co., Ltd., Hunan Torch and Beijing Zhongyan. ”

For Shancheng Industrial, Delong did not give a specific integration plan, but in the later stage, in order to raise more funds, it acquired some medium-sized companies with good revenue levels. These include Shancheng Jinlong Electric Power Company, Southern Water Company, East Technology Co., Ltd., and Jingcheng Riseconda Technology Co., Ltd. Through a series of mergers and acquisitions, Chongqing Industrial's assets have increased to the current 274 million Huaxia Dollars, but Delong has taken a huge amount of 1.1 billion Huaxia Dollars from Chongqing Industrial with the help of nearly 30 affiliated companies by means of fraudulent allotments, illegal guarantees, and inflated profits, of which 511 million Huaxia Dollars are as high as the illegal guarantee alone. … Because of the high debt, Chongqing Industrial has been completely in the loss stage. ”

"This mountain city industry has been completely escaped into an empty shell by the Delong Group!" Zeng Liqing said.

"After dismantling Delong's complex financial structure and cleaning up the debts of all affiliated companies of Shancheng Industrial, Chongqing Industrial's debt has dropped to the current 937 million Chinese dollars. However, compared with the total assets of 274 million Huaxia dollars and the annual revenue of about 65 million, it is too difficult to repay all the debts with the existing assets of Shancheng Industrial. Chen Yu said.

Guo Shouyun nodded, "How are these companies under Shancheng Industrial doing?"

"In addition to the loss of the accounts of Shancheng Industrial, a holding company, the operation of its various holding subsidiaries is very healthy. … The operation of Yutong Highway is stable, and the annual revenue has increased to 10.39 million Huaxia Yuan, and Shancheng International Passenger Transport Company, which has 257 passenger cars of various types, operates county-level passenger transportation, long-distance buses, and car rental, with assets of 45 million yuan, and its revenue in 2003 was 8.32 million Huaxia Yuan, an increase of 13.4% over 2002. Shancheng Jinlong Electric Power Company, mainly engaged in small hydropower, has three small hydropower plants in Shancheng Fuling and Pengshui areas, with a total installed capacity of 4,500 kilowatts, the company's total assets are 53 million, the operating income in 2003 is 7.2 million, and the net profit in the same year is 1.5 million Huaxia yuan!

“… Nanfang Water Company, mainly engaged in sewage treatment projects, currently has 7 sewage treatment plants in Guangdong Province, Guizhou Province, Modu and Fujian Provinces, with a daily sewage treatment capacity of 1.2 million tons, and has Class A qualification for environmental pollution control facilities. ”

“… Jingcheng Riseconda Technology Co., Ltd. focuses on the field of optical fiber broadband access, and is committed to the integration of optical fiber technology, Ethernet technology and broadband access technology. In 2003, the three-layer carrier-grade optical fiber access switch project was listed as the "2003 National Torch Plan Project" by the Ministry of Science and Technology, and in July of the same year, it was rated as one of the top ten companies with the best communication enterprises in China. This year, we are preparing to set up a branch in Pengcheng. It is the company with the most development potential under Chongqing Industry. In 2003, the revenue was 24.3 million Huaxia Yuan, and the net profit was 5.38 million Huaxia Yuan. ”

"Beijing Riseconda Technology Co., Ltd."

Guo Shouyun nodded, "The development is good." Who is his founder?"

"Gao Lei, 'Ph.D. in Information and Engineering' and 'M.S. in Electronic Engineering' from Beijing University of Posts and Telecommunications, has participated in the research work of two national laboratories of 'Network and Switching Technology' and 'Information Photonics and Optical Communication' of BUPT. He himself has 19 technology research and development patents in the field of communication engineering, and is the elite of the younger generation in the field of communication research in China! The most important thing is that in addition to technical ability, this person also has some talent in enterprise management, after the establishment of Riseconda company in 99, it has developed rapidly, and in just four years, it has developed to the extent that the annual revenue is about 25 million Huaxia coins, which can be called a rare achievement! Of course, it cannot be compared with the boss. Chen Yu said.

Guo Shouyun smiled faintly, although he is only 24 years old now, because of his achievements, few people will really treat him as a young person.

"This Gao Lei is indeed a talent. Tang Wanxin's vision of acquiring companies is really good, if he hadn't gone to Myanmar, it would be good for him to be the head of the leveraged buyout or venture capital department of Orient Trust. ”

"Boss, Tang Wanxin has returned?"

Wang Jue reminded in a low voice beside him.

"When are you back?" Guo Shouyun asked after being stunned for a moment.

"This morning's news!"

Zhang Lei said on the side.

"This morning?" Guo Shouyun was relieved. This morning, he and Ji Zheng had a ridiculous time in bed, got up a little late, and remembered today's discussion, so he didn't read the news and newspapers.

"Did he come back on his own or was he captured?"

"The news said that he came back and surrendered!" Zhang Lei continued.

Guo Shouyun looked at Wu Feng, who shook his head.

"My uncle didn't tell me about it. ”

"Forget it, don't worry about it for now. Guo Shouyun thought about it and waved his hand. The affairs of the Tang family will have time to deal with in the future, and the most important thing now is to set the future of Delong Industrial Assets first. Otherwise, if you continue to drag it out, after a long time, you will be the one who suffers after all!

"How about this 'East Technology Co., Ltd.' in the end?"

Chen Yu continued: "East Technology is an electronic enterprise registered in Yang~zhou in 01, mainly producing batteries, circuit boards, hardware and electrical appliances. The company's existing assets are 57 million Chinese dollars, 03 annual revenue of 7.35 million Chinese dollars, and net profit of 1.27 million Chinese dollars. ”

"What about Shancheng Industrial's rectification plan?" Guo Shouyun asked after nodding.

"At the moment, we have prepared three packages. Zhang Lei said, "First, keep the Yutong Highway and take it as the main business." Nowadays, the sales of Huaxia automobiles are growing, and the corresponding demand for high-quality roads is also rising. Moreover, in order to promote economic development, Huaxia has invested more and more in highways, especially high-quality highways, and there are also many preferential policies for private capital to enter the high-speed industry. The investment in expressways is a blue ocean, which is worth developing as a main business. ”

“… Shancheng International Passenger Transport Co., Ltd. divested the inter-county transportation business, retained the long-distance passenger transportation business, and merged into Delong Tourism Group. Independently operated King Long Hydropower Company, Southern Water and Jingcheng Riseconda Technology Co., Ltd., and sold East Technology Company. The reason why the latter is sold is because although it is profitable, but it is more due to the rapid development of China's economic environment, its own products are not too competitive, unless we are willing to invest huge amounts of money in research and development, but this takes a lot of time, and it is not worth it when we are not ready to make a difference in the electronics industry. ”

"The second plan is to sell the Yutong Highway and merge Shancheng Industry with Southern Water to take water treatment as the main business. China itself is a water-scarce country, and the rapid development of the economy has given rise to a huge demand for water resources. It is precisely for this reason that the central government of China has formulated the project of transferring water from the south to the north. However, such a large project, one is too long, and the other cannot meet the entire demand for water resources in the north. Therefore, the demand for sewage treatment will be gradually amplified with the development of social economy. Moreover, now that Huaxia has also liberalized municipal water services, private companies can also enter this field in the future. In short, Huaxia's water treatment industry has broad prospects in the future and is promising. ”

"The third set of plans is to merge Shancheng Industry and Beijing Riseconda Technology Co., Ltd. The latter has laid a good foundation in the field of communication equipment and has a high growth potential. In addition, with the continuous development of the Internet and the growth of the number of Internet users, the market demand for communication equipment will also increase. However, communication equipment is a high-tech industry, and if we want to make a difference in this industry in the future, we must invest a lot of R&D funds and operate as a core enterprise. ”

After Guo Shouyun thought about it, "Although the highway investment is good, the initial investment is large, the construction period is long, and the capital recovery cycle is longer, which is not suitable for Shancheng Industry, which is burdened with huge debts." Although communication equipment is a blue ocean, it requires a huge investment in research and development, and I have no plans to enter the industry at the moment. ”

Excluding the first and third schemes, it can only be the second set.

"Let Shancheng Industrial and Southern Water merge and change its name to Huitong Water Company, which is mainly engaged in sewage treatment business and replaces Shancheng Industrial as a listed company. In addition, I will introduce the overlord of the international sewage treatment industry 'Veolia' company to cooperate with it, with Veolia's technology and experience, the development of Huitong Water will be faster. ”

"Although Huitong Water is good, it is much worse than Veolia, an international water industry giant. How can we get them to cooperate with Huitong?" Wu Feng frowned.

"The boss is a shareholder of Veolia!" Zhang Lei reminded with a smile. He has followed Guo Shouyun the longest among all the people, so he naturally knows the relationship between Veolia and the big boss.

Wu Feng suddenly looked at Guo Shouyun's eyes with awe.