Shanxi three-dimensional guests
Mr. Tong Lixiang, Chairman and Secretary of the Party Committee of Shanxi Sanwei Huabang Group Co., Ltd., Chairman of Shanxi Sanwei Group Co., Ltd.
Mr. Yang Xueying, director of Shanxi Sanwei Huabang Group Co., Ltd., vice chairman and general manager of Shanxi Sunwei Group Co., Ltd.
Mr. Li Xiaochu, director of Shanxi Sanwei Group Co., Ltd. and chief accountant of Shanxi Sanwei Huabang Group Co., Ltd.
Sponsor guests
Mr. Wang Tao, Deputy General Manager of Investment Banking Headquarters and General Manager of Capital Market Department of Southwest Securities Co., Ltd.
Mr. Li Xueqiang, Deputy General Manager of Investment Banking Headquarters and General Manager of Beijing Investment Banking Department of Southwest Securities Co., Ltd.
Mr. Kong Fanjun, sponsor representative of Southwest Securities Co., Ltd., business director of Beijing Investment Banking Department
Mr. Wang Xiaoxing, Business Director, Beijing Investment Banking Department, Southwest Securities Co., Ltd.
Mr. Zheng Nan, Senior Manager, Beijing Investment Banking Department, Southwest Securities Co., Ltd.
Financial Advisor Guests
Shanxi Securities Co., Ltd. Investment Bank Headquarters Mr. Yang Jianbin
Mr. Tong Lixiang, Chairman of Shanxi Sanwei Group Co., Ltd. delivered a road show speech
Distinguished guests, shareholders and all friends who care about Shanxi Sunway:
Good morning everyone!
It is a pleasure to communicate with investors and netizens of Shanxi Sanwei through the modern communication platform of the Internet. Here, on behalf of Shanxi Sunve Group Co., Ltd. and Shanxi Sunve Huabang Group Co., Ltd., I would like to express my heartfelt thanks to all investors who have given us attention, support and help for a long time!
Shanxi Sanwei is a large-scale chemical enterprise mainly engaged in coal chemical industry. It is also one of the top 500 chemical companies in China. ” target=”_blank” class=”link”>BDO) and adhesives in three series of more than 100 varieties, some of which have filled the domestic gap and occupied the leading position of similar domestic products. Since the company was listed on the market in 1997, it has continuously improved its corporate governance structure, standardized operations, adhered to the market-oriented approach, actively followed the path of developing the enterprise through science and technology, and focused on improving its core competitiveness, which has effectively promoted the rise of the company’s economic benefits and technological level. improve. At present, the company has become the largest producer of polyvinyl alcohol and 1,4-butanediol in China, and PTMEG is also in China The market occupies an important position. At the same time, with the continuous rise of international oil prices, the cost advantage of Shanxi Sanwei’s coal chemical industry route will become increasingly obvious.
The continuous expansion of the company’s main product production and marketing capabilities has brought huge profits to the company. In 2005, the company achieved main business income of 1.508 billion yuan, a year-on-year increase of 32%; main business profit of 294 million yuan, a year-on-year increase of 49%; net profit of 68.4464 million yuan, a year-on-year increase of 112%.
In the future development, Shanxi Sanwei will adhere to the enterprise development direction of both product management and capital management, give full play to the advantages of a listed company, base itself on both domestic and foreign markets, and rely on high-tech to further improve its main business. During the “Eleventh Five-Year Plan” period, the company will continue to expand and transform the three major series of polyvinyl alcohol, 1,4-butanediol and adhesives, expand the production scale, and rely on scientific and technological progress to accelerate the implementation of 200,000 tons of crude benzene refining project, adjust the industrial structure, expand and strengthen the coal chemical industry, and continuously improve the market competitiveness and comprehensive strength of Shanxi Sanwei.
Today, the company is actively promoting the share structure reform. This share structure reform will unify the interests of various shareholders of the company, create historic opportunities for the company’s further development, and is crucial to the company’s future. important. Sunway Winbond, as the controlling shareholder of Shanxi Sunway, has attached great importance to this shareholding reform. According to its own equity characteristics and the opinions of the State-owned Assets Supervision and Administration Commission, and comprehensively considering factors such as Shanxi Sunway’s profitability, development prospects, and market prices, it has focused on the company’s Based on the principles of sustainable development and taking into account the interests of both shareholders, a preliminary plan for the shareholding reform has been formulated.
Since the plan was announced on March 6 this year, it has attracted the attention of many investors. Judging from the information feedback we have recently communicated with some shareholders of tradable shares, investors have confidence in the company’s future development and understand and support the reform plan. As the chairman of the company, I know that the plan is related to the vital interests of every shareholder, and I sincerely hope to have the opportunity to fully communicate with every shareholder to listen to their opinions. Shanxi Sanwei has more than 60,000 tradable shareholders, and they are distributed all over the country. Therefore, we very much hope to use the platform of the network roadshow to directly discuss and communicate with the tradable shareholders to the maximum extent.
We sincerely hope that through this communication and exchange, we can gain the understanding, approval and support of all shareholders for Shanxi Sanwei’s share reform plan, so that Shanxi Sanwei’s shareholding reform can be smoothly promoted. We will, as always, operate through norms and be realistic.Fundamental indicators will not change, and the market value of listed companies will not change before and after the reform. Therefore, the basic principle of the consideration plan is the “principle of invariance of value”: after the reform, shareholders of non-tradable shares and shareholders of tradable shares will not suffer losses. That is, the value of non-tradable shares and tradable shares remains unchanged before and after the reform.
(3) Respect market laws and maintain market stability. It is conducive to the long-term development of the company and conforms to the long-term interests of all shareholders. A reasonable final plan is determined through full communication with shareholders.
(4) The plan should be simple, understandable, and realistic, so choose the way of bonus shares, and attach the price and time limit commitment of controlling shareholders to reduce their holdings.
Question: Why do you adopt the way of bonus shares? Instead of using stock reduction, cash distribution, one-way conversion to increase, and warrants and other programs?
Li Xueqiang: There are many forms of specific implementation of the share structure reform plan, but the inherent nature of all the methods is unique, that is, shareholders of non-tradable shares must arrange consideration for shareholders of tradable shares. Under the premise that the value is determined, various methods can be converted to each other. No matter which method is used, such as bonus shares, shrinking shares, cash distribution, or transfer to increase, the results are the same. Since different routes lead to the same goal, we believe that the simplest method should be chosen. The simpler and clearer the plan, the easier it is for investors to understand and the easier it is to be accepted.
Shanxi Sanwei adopts the simplest plan of bonus shares in the reform of share structure. After bonus shares, the cost of holding shares of tradable shareholders has been effectively reduced, the proportion of the company’s equity has increased significantly, and the interests have been protected. The company’s total share capital remains unchanged under the way of bonus shares, which will not affect the company’s consistent operating policy and business prospects.
Question: If the share structure reform plan is passed, at what price will non-tradable shareholders generally sell their stocks?
Tong Lixiang: The controlling shareholder Sanwei Winbond Group is in this
微信扫一扫打赏
