What are the reform lists of state-owned enterprises in Shanghai?
Shanghai Airport (600009), Aerospace Electromechanical (600 15 1), Shanghai Construction Engineering (600 170), Shanghai Belling (600 17 1), and Oriental Venture (60000) No.100 Holdings (600640), Le Fei Audio (60065 1), Le Fei, Johnson & Johnson Holdings (600662), China Enterprise (600675), Transportation (600676), Yatong (600692), Huayu Automobile (6007466).
Analysis of Leading Shares in Shanghai State-owned Enterprise Reform Concept Stock
China enterprises: major shareholder groups inject relevant assets.
This company is a well-known real estate enterprise in Shanghai. In the early stage, the company launched a non-public offering plan, and the major shareholder real estate group injected the assets of three affiliated companies. This capital injection once again shows that the Group attaches importance to the company platform. With the acceleration of the reform of state-owned enterprises in Shanghai, the company will play an increasingly important role in the reform of state-owned enterprises in the real estate field and will be an important real estate integration platform for state-owned enterprises in Shanghai. Zhao Qiang, an analyst at Galaxy Securities, believes that the project land with increased shareholding will be acquired earlier and have better profitability, which will increase the company's profit ratio in existing projects and enhance the company's future performance; The newly-added project is located in the hotel sector in the western suburbs of Changning District, with a good geographical location, which is conducive to the company's business expansion, solving the bottleneck of land acquisition under the background of land scarcity and fluctuating prices in Shanghai, and providing resources for the company's sustainable development. This major shareholder asset injection will enhance the company's performance, increase the company's project reserves, and raise funds through non-public offering will further enhance the company's business competitiveness.
An Baili shares: the main push e-commerce covers offline stores.
The company is a high-quality commercial asset under the umbrella of Anbaili Group and undertakes the heavy responsibility of the Group's transformation and reform. The value of the company as a high-quality asset integration platform will gradually be recognized by the market. Liu, an analyst at Shen Yin Securities, pointed out that the company is a veteran business leader in Shanghai, and all its properties are located in the core business district, with extremely high property value and regional monopoly advantage. In recent years, the company has created a "traditional department store shopping center outlet" full-format department store operation through innovative formats, and steady expansion has ensured the company's stable performance in a low-consumption environment. At the same time, the newly appointed management of the Group on 20 13 mainly promotes e-commerce, and will use the platform to integrate resources and open up stores with strong offline coverage to help the company integrate and transform. We believe that An Baili Group is a high-quality competitive asset under the Shanghai State-owned Assets Supervision and Administration Commission, and it is bound to be the leader of this round of state-owned enterprise reform.
Shanghai Pharmaceutical: the only pharmaceutical enterprise in Shanghai's state-owned assets system.
The general election of the company's board of directors produced a new leading group headed by Lou, and the management achieved a smooth transition. The new management team has set a business target of over 100 billion yuan in three years, with a compound income growth rate of not less than 65,438+03.7%, and stable growth is expected. The new management attaches importance to the integration of drug marketing and internal industrial resources, which is conducive to exerting internal potential in the medium and long term. Luo, an analyst at Shen Yin Wanguo Securities, believes that the reform of state-owned enterprises, the extension of mergers and acquisitions, and the increase in holdings of senior executives or controlling shareholders will become catalysts for the company's share price. The reform of incentive system of state-owned enterprises is the focus of this round of state-owned assets reform. The company is the only pharmaceutical enterprise in Shanghai's state-owned assets system, and the reform of state-owned enterprises in Shanghai deserves special attention. There are still some funds raised by Hong Kong stocks in the company account, and the extension of M&A is worth looking forward to. Since the second half of 20 13, the company's senior managers and controlling shareholders have increased their holdings many times, among which the controlling shareholders will increase their holdings by no more than 2% in the next 12 months from May 2.
New World: Commercial Assets or State-owned Nanjing East Road
Shanghai New World Plaza is located in the core area of Nanjing East Road, with a high-end positioning. We hope to start business as soon as possible before the end of the year. Shanghai New World Plaza is expected to promote high-end consumption in the east section of Nanjing Road together with the "Bund Central" project launched in early 20 13, and build a high-end group-like commercial complex. Meng Qian, an analyst with Guotai Junan Securities, said that Shanghai's state-owned assets reform will start from competitive industries, and the integration of similar commercial assets in the same location will be strengthened. Promoting the overall listing of the Group and the listing of core assets will be the focus, and substantial progress will be made in developing the mixed ownership economy. The competitive field is expected to take the lead in starting the reform, and the integration of similar assets in the same lot will be intensified. It is expected that some commercial assets of Nanjing East Road will be injected into the company in the future.
Lao Fengxiang: The B-share problem is expected to be solved.
The company's "brand power and channel power" is expected to achieve an increase in market share. At present, the per capita consumption and possession of gold jewelry in China is obviously lower than the international average, and the wedding market is about to peak. There is room for improvement in the domestic gold jewelry market for a long time, and Lao Fengxiang (6006 12), who has brand power and bargaining power at the same time, may enhance the industry concentration through mergers and acquisitions. Liu, an analyst at Shen Yin Securities, believes that the company is the leader in the domestic gold and jewelry industry, with outstanding advantages in brand power and channel power, and has the ability of industry integration. In the reform of state-owned enterprises, first of all, Shi Lihua, the soul of Lao Fengxiang brand, is the chairman of a listed company and is expected to lead the company to become bigger and stronger; Secondly, the problems of minority equity and B shares are expected to be effectively solved through the reform of state-owned enterprises; Finally, in the future, it is expected to leverage the capital market to open financing channels and carry out industry integration. We judge that under the dual promotion of business optimization and state-owned enterprise reform, the company is expected to drive the century-old brand to create greater glory.
Shanghai Meilin: Shanghai veteran state-owned enterprise
The company's main business is closely related to the daily consumption of residents, and various businesses will maintain steady growth in the future. Wang Junjie, an analyst at Huaan Securities, pointed out that the company is a veteran state-owned enterprise in Shanghai, with low profitability and unclear strategic thinking for a long time. 20 1 1 With the injection of high-quality assets such as Guanshengyuan, Aisen and Zhengguanghe under Guangming Group, the management of the company changed in 20 12, and the company launched an equity incentive plan in 20 13. These measures show that the management of the company is improving. With the continuous reform of state-owned enterprises, there is a huge room for improving the profitability of the company. At present, the company's net profit margin is only 1.6%, which is far from other meat production enterprises and mass food production enterprises, and there is room for substantial improvement. In the first half of this year, the company achieved a year-on-year increase of 8.96% in operating income, a year-on-year increase of 1 1. 17% in net profit, and an earnings per share of 0. 1 yuan. We believe that the current pork price is at an inflection point, and it is expected that the pork price will stabilize in the second half of the year, which will drive the company's pig slaughtering business to rebound.
Bright Dairy: the only dairy platform of Guangming Group
As the only dairy platform of Guangming Group, the reform of state-owned enterprises is still expected. Huang Wei, an analyst at CITIC Securities (600030), believes that on August 29, Guangming Group and Milk Group signed the Agreement on Free Transfer of Shares of Bright Dairy (600597) Co., Ltd., intending to transfer 366 million state-owned shares of Bright Dairy held by Milk Group, a wholly-owned subsidiary of Guangming Group, to Guangming Group for free. After the free transfer, Guangming Group will increase its direct shareholding from 24.69% to 54.62%. From the introduction of strategic investor RRJ at the beginning of the year to the implementation of the second round of equity incentives, Bright Dairy has been actively and steadily promoting the reform of state-owned enterprises. As the only dairy platform and high-quality listed company of Guangming Group, it is worth looking forward to further integrating the related resources of the Group's high-quality dairy industry in the future, and it is also expected to promote the overall benefit and usher in the turning point of profit margin.