Tangshan aerospace intelligent energy co., LTD. (hereinafter referred to as tangshan aerospace), a wholly-owned subsidiary of China aerospace and mechanical and electrical co., LTD. (hereinafter referred to as tangshan aerospace) has been pre-disclosed recently. The deadline for pre-disclosure is October 17. According to the incomplete statistics of jiemian.com, this is the fifth subsidiary stock of the company to be sold or transferred publicly since this year.
According to the project information disclosed on the official website of the Beijing property rights exchange, tangshan aerospace has registered capital of 15 million yuan, and is mainly engaged in the development and investment of distributed photovoltaic projects, production and sales of the combined supply of cold and hot power. In the nearly three years since its establishment and operation, tangshan has almost failed to bring profits to the listed company.
According to financial data, the company had an operating income of 0 yuan from January to August this year and a net loss of about 254,800 yuan. Its total assets are 6870.17 million yuan, and the asset-liability ratio is 78.46%. In 2017, when the industry was booming, tangshan aerospace only achieved operating revenue of 494.3 million yuan and net loss of 43.58 million yuan, which became a burden for the listed company.
In fact, the operating condition of tangshan aerospace is a microcosm of the low profitability of the whole photovoltaic plate in recent years.
In the first half of this year, the company's operating revenue and net profit attributable to shareholders of listed companies were 3.341 billion yuan and -175 million yuan, respectively. Of this, the company's loss is mostly from the photovoltaic plate.
The photovoltaic business of aerospace mechanical and electrical is divided into photovoltaic manufacturing terminal and photovoltaic power station construction terminal. In the manufacturing sector, the company's revenue was 965 million yuan in the first half of this year, down 20.65 percent year-on-year. The business lost about 150 million yuan, about 16 million yuan more than the same period last year. At the construction end of the power station, the company's revenue was 128 million yuan in the first half of this year, down 36 percent year-on-year. The business lost about 38 million yuan, about 17 million yuan from the same period last year.
The photovoltaic products of aerospace machinery and electronics are faced with many difficulties. In terms of its own products, the conversion efficiency of its battery components is lower than that of its peers. In addition, its capacity scale is small, which further reduces its competitiveness. In terms of industrial environment, both demand and price of pv products have been hit. Therefore, the company's photovoltaic business is facing greater operating pressure.
In view of the large loss of the photovoltaic panel, the company had to transfer the shares of its photovoltaic subsidiary to shrink its business and try to recover the loss.
, according to the announcement before the public transfer of tangshan space for a 100% stake, spaceflight electromechanical have announced plans to transfer three other photovoltaic subsidiary equity -- shenzhou new energy development co., LTD. 100% stake in Shanghai (hereinafter referred to as the shenzhou new energy), Shanghai solar energy technology co., LTD. 70% stake in Shanghai airways co., LTD (hereinafter referred to as the solar energy science and technology), gansu power operations co., LTD. 25% stake (hereinafter referred to as Shanghai airlines power), three subsidiaries are involved in photovoltaic cells, photovoltaic (pv) EPC and power station construction, the operational domain.
Financial data showed that the registered capital of shenzhou new energy, solar energy technology and Shanghai airlines power was 1.291 billion yuan, 240 million yuan and 0.3 million yuan, respectively. As of the first half of this year, the three companies' net profits were -0.109 billion yuan, -0.48 billion yuan and 0.14 billion yuan, respectively.
It is worth mentioning that as early as last year, the company has transferred 100 percent of the shares of Shanghai aerospace intelligent energy technology co., LTD through the Shanghai united equity exchange. Shanghai aerospace industry (group) co., the controlling shareholder of the company, traded at about 18 million yuan. As of June 30 this year, Shanghai aerospace industry (group) co., ltd. held about 406 million shares in aerospace machinery and electronics, accounting for 28.34 percent of the company's total equity.
This transfer of 100% equity in tangshan aerospace, by calculation, can only bring about 160,000 yuan of pre-tax investment income. In the urgent need to close the deficit, the controlling shareholders of aerospace machinery will again play the role of "savior"?
Difficult! Difficult! Difficult!