Meijin Group’s borrowings have reached 20.3 billion, and a high proportion of its equity holdings in Meijin Energy are pledged
Meijin Energy announced that Meijin Group, the company’s largest shareholder, notified that the company’s shares held by Meijin Group were lifted and pledged.
Beijing News (Reporter Lin Zi) The financial data of Meijin Group was made public.
On January 16, Meijin Energy announced that Meijin Energy Group Co., Ltd., the largest shareholder of the company (hereinafter referred to as “Meijin Group”), notified that the company’s shares held by Meijin Group were lifted and pledged.
The Beijing News reporter combed and saw that Meijin Group achieved operating revenue of 22.442 billion yuan, net profit of 6.576 billion yuan at the end of 2018, and cash flow from operating activities of 1.400 billion yuan.
In the first three quarters of 2019, Meijin Group achieved operating income of 17.242 billion yuan, net profit of 1.046 billion yuan, and cash flow from operating activities of 1.349 billion yuan.
As of the end of the third quarter of 2019, the total balance of various types of loans of Meijin Group was 20.345 billion yuan, and the above-mentioned debt amount to be repaid within the next year was 12.318 billion yuan.
At present, the shares of listed companies held by Meijin Group are still pledged at a high proportion.
The announcement shows that the number of shares pledged by Meijin Group this time was 36 million shares, accounting for 1.54% of the shares held by it. The pledgee was Shenzhen Branch of Baoshang Bank Co., Ltd. The date of release was January 10, 2020. , Meijin Group pledged 36 million shares, accounting for 1.54% of the shares it held. The starting date of the pledge was January 10, 2020, the expiry date of the pledge was 9999-01-01, and the pledgee was still a contractor bank. Shenzhen Branch Co., Ltd. The purpose of pledge is to supplement working capital.
As of January 10, Meijin Group held 2.345 billion shares of Meijin Energy, accounting for 57.21% of its shareholding, and pledged 2.243 billion shares, accounting for 95.67% of the shares held, and 54.73% of the company’s total share capital.
The Meijin Energy announcement does not rule out that the first largest shareholder will have new partial stock pledges and partial stock pledges when the stock pledges expire, and it is expected that the proportion of pledges will decrease by the end of 2020. The capital of the Meijin Group’s share pledge financing was used to supplement working capital, and the source of repayment was operating income.
Meijin Energy said that the largest shareholder’s stock pledge is mainly to meet its own production and operation needs. At present, the overall pledge risk is controllable, and there is no risk of liquidation of stock pledge.
Beijing News reporter Lin Zi
Editor Chen Shiyi Proofreading He Yan
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