I miss you: Selling Baicao Flavor to recover sufficient funds will not result in no specific business


Imissyou:SellingBaicaoFlavortorecoversufficientfundswillnotresultinnospecificbusiness
Afterthesaleofherbalflavorsraisedthequestionofemptyshells,ontheeveningofMarch6,Imissedyourreplytotheexchangeinquirylettersayingthatthroughthistransaction,thelistedcompanyrecoveredsufficientfundsandconcentrateditsmainbusinessontheadvantageousreddates+healthyfoodfield.Avoidingtheriskoflarge-scalegoodwillimpairmentduetofactorssuchaschangesinmacroeconomicprospectsandintensifiedindustrycompetition,whichwillhelpavoidtheriskofHammers’operationcausedbyadversefactorsinthedevelopmentoftheindustry.Theinterestsofallshareholders.Afterthecompletionofthistransaction,themainbusinessoflistedcompanieswillbefurtherconcentratedonhealthyfoods,adoptingadifferentiatedcompetitionmodeltoavoidmarketrisksbroughtbyhomogeneouscompetition.Asthecompanycontinuestoincreasetheexpansionandlayoutofthehealthindustry,thelistedcompany’sabilitytocontinuetooperateisenhanced,andthereisnolayoutthatmaycausethelistedcompany’smainassetstobecashornospecificbusinessafterthereorganization.ThisreorganizationcomplieswiththeprovisionsofArticle11,paragraph5ofthe”ReorganizationManagementMeasures”.However,accordingtoanotherannouncement,afterthecompletionofthistransaction,theoperatingincomeoflistedcompaniesdroppedsignificantly.In2019,theoperatingincomeoflistedcompaniesdecreasedby490,634comparedwithbeforethetransaction.900,000yuan,adecreaseof82.31%;butthenetprofitattributabletotheowneroftheparentcompanyisaffectedbytheinvestmentincomegeneratedbythistransaction,andthemarginofdeviationhasincreased,increasingby1355earlierthanthetransaction.40%;excludingtheimpactofinvestmentincomeonnetprofit,becausethelistedcompanyhasobtainedsufficientcash,whichcanbeusedtorepaydebtsandinvestments,underrelativelyconservativecalculationassumptions(investmentreturnisbasedonthecurrentlistedcompanywithin3monthsReturnonfinancialproducts(3.86%)Estimated),thelistedcompany’snetprofitfor2019is14,123.420,000yuan,comparedwith26beforethereorganization.68%,afterremovingthenon-recurringgainsandlossesafterthetransaction,thenetprofitattributabletotheowneroftheparentcompanywasreplacedby43beforethetransaction.77%,butthecompany’sgrossprofitmarginincreasedby2.80%isinitiallyduetothegrossprofitmarginoflistedcompanies(exceptforHolmes)exceedingthegrossprofitmarginofthetargetcompany.EditorYueCaizhoureadmore.Imissyousellingtheherbalflavor,earning3.6billionandlosing80%oftherevenue