The hottest ZTE sold its subsidiary's equity to sa

2022-10-01
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On October 15, according to the information disclosed in the announcement of ZTE's third quarter pre loss results, the equity of ZTE special equipment, a subsidiary of ZTE, to be sold, has been confirmed, which can also be regarded as saving face for ZTE's poor performance

the sale of the equity of subsidiaries can benefit hundreds of millions of Yuan

ZTE special equipment is a holding enterprise of ZTE. Its business scope includes new chemical materials. The main fields of the new material industry are the technology development, service, consultation, purchase and sale of broadband ATM, communication radar and other communication products involved in the production of communications. And engaged in the import and export of goods and technology. In 2011, the operating revenue was 151 million yuan, and the net profit was 56.24 million yuan; In the first half of 2012, the revenue was 108.6 million yuan and the net profit was 35.79 million yuan

ZTE previously announced in the evening of September 21 that the company signed the equity transfer agreement on transferring 68% equity of Shenzhen ZTE special equipment Co., Ltd. with 10 investors including Shenzhen Innovation Investment Group Co., Ltd., Guangdong laterite Venture Capital Co., Ltd. and Nanjing laterite Venture Capital Co., Ltd. on September 21, 2012. The company plans to sell the 68% equity of Shenzhen ZTE special equipment Co., Ltd. held by the company, and ZTE will no longer hold the equity of the company after the sale

according to the agreement, the total estimated transaction price of this equity transfer is 528million yuan, which can better take care of the problems of women, the elderly, teenagers and other groups; Within 5 working days from the signing date of the equity transfer agreement, the buyer shall pay 50% of the estimated price to ZTE, that is, RMB 264 million, and the buyer shall pay the remaining 50% of the estimated price to ZTE within 5 working days from the closing date or 45 days from the signing date of the equity transfer agreement (no later than the 45th day of the signing date of the equity transfer agreement at the latest)

according to the announcement issued by ZTE on the evening of October 14, it said that it is expected that this equity transaction will increase ZTE's investment income by 360million yuan to 440million yuan. During the reporting period, ZTE has confirmed the investment income of 365million yuan, and the remaining part of the investment income will be confirmed after this equity transaction. Experiments will be carried out on three different materials 16MnR, Q235 and 304 stainless steel respectively

confirmed to be under investigation by the U.S. government

in addition, ZTE predicted that its net profit in the first three quarters of 2012 fell by 254.42%-263.78% year-on-year, with a loss of 1.65 billion yuan to 1.75 billion yuan

ZTE said that the operating revenue in 2012 decreased by about 13% compared with the same period last year, mainly due to the delay in the progress of some international projects and the comprehensive impact of the centralized purchase mode of domestic operators on ZTE's revenue recognition; With the further development of the domestic new energy vehicle market, the overall gross profit margin of ZTE in 2012 decreased by about 13 percentage points compared with the same period last year, mainly because a large number of low gross profit contracts in Europe, Asia and China confirmed their performance in the reporting period. Affected by this, the overall gross profit margin of ZTE decreased compared with the same period last year

in addition, the US Department of Commerce and the US Department of justice are investigating the transactions between ZTE and its holding subsidiaries and Iran. ZTE said it was cooperating with the investigation. During the reporting period, the Iranian market had an adverse impact on the operating performance of ZTE

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