Ziguang Group's reorganization of dust settled down the "new owner"

Our reporter Zhang Xiaoyu

On July 14, Ziguang Guowei issued an announcement that the manager of Ziguang Group received the Civil Ruling on July 13, and the Beijing First Intermediate People's Court ruled that 7 companies including Ziguang Group Co., Ltd., including 7 companies, The reorganization plan is completed and the reorganization procedures such as Ziguang Group Co., Ltd. will end.

Affected by the news, as of July 14, Ziguang Guo's micro -stock price rose 4.00%to close at 207.18 yuan/share.

Hu Qimu, chief researcher at the Sinosteel Economic Research Institute, said in an interview with the Securities Daily reporter: "Ziguang Group has rich semiconductor industry resources. After this reorganization, Ziguang Group will be pretended to be on the road. To relieve, the operations of Ziguang Guowei and other listed companies under Ziguang Group are expected to reach a new level. "

Back to the road of Ziguang Group's reorganization, the "17 Ziguang PPN005" bonds failed to pay on November 16, 2020, constituting a substantial breach of contract, the debt problem of Ziguang Group broke out; The reorganization of Ziguang Group; on December 13, 2021, Ziguang Group determined that Beijing Zhilu Assets and Beijing Jianguang Assets were composed of 7 companies including Ziguang Group. On the 17th, the Beijing First Intermediate People's Court ruled that the reorganization plan of 7 companies including Ziguang Group, including Ziguang Group.

On July 11 this year, Ziguang Guowei issued an announcement that Ziguang Group has completed the registration procedures for business change, and its 100%equity has been registered under the name of Beijing Zhiguangxin Holdings Co., Ltd. (hereinafter referred to as "Zhiguangxin"). The core has paid 54.9 billion yuan of investment funds to Ziguang Group's administrator to designate the equity change, and changed to a listed company indirect controlling shareholder.

CITIC Securities Research reports that with the completion of the group's equity delivery, the company's indirect shareholders have changed to Zhiguangxin. Due to the no controlling shareholder and actual controller of Zhiguangxin, Ziguang Kingdom has changed to a state of no actual controller. With the release of the debt risk of Ziguang Group, the market's doubts about the company are expected to be lifted. After the new shareholders take over the company's controlling stake, the company's capital operation is also expected to carry out in an orderly manner.

From the perspective of changes in the equity structure, the actual control of the Ziguang Group's actual control of the Ministry of Education of the People's Republic of China before the change. After this change, the equity was allocated by the ten companies to be funded by subscribing to the funding. The equity structure shows that the largest shareholder of Zhiguangxin, which undertakes the equity, is Jianguang Guangming, holding 20.22%; Hebei United Electronics holds 9.11%, and Chongqing Liangjiang Jianguang holds 7.10%. The remaining shareholders include Zhuhai Zhiguanghua, Zhitou Huiyi, and Zhiguangchang.

Minsheng Securities analyst Ma Tianye said that "the decentralized equity structure of Zhi and Guangxin is similar to that of international technology companies such as Microsoft and Apple, which is conducive to absorb more resources in Ziguang Group in the future development, and always maintain innovation and stable development. "

On the occasion of reorganization, at noon on July 13, the official of Ziguang Group microly issued a letter from the chairman Li Bin to all employees. In the letter, Li Bin talked about several important matters that need to be promoted in the near future. One is to solve the current debt and capital issues; the other is to carefully study the group's long -term development strategy, core technology and competitiveness; the third is to pay attention to the issue of science and technology research and development investment issues , Vigorously invest in research and development, layout in core IP, design, technology, tool software, etc. Fourth, adhere to the encouragement of enterprises to increase research and development efforts, cultivate talents, and stabilize talents.

According to Ziguang Kingdom Wechat's report, Ziguang Guowei achieved operating income of 5.342 billion yuan in 2021, an increase of 63.35%year -on -year; net profit attributable to mothers was 1.954 billion yuan, an increase of 142.28%year -on -year. In the first quarter of 2022, the company achieved total operating income of 1.34 billion yuan, an increase of 40.8%year -on -year; the net profit of 530 million yuan was achieved, an increase of 63.9%year -on -year.

Zhang Xiaorong, dean of the In -depth Science and Technology Research Institute, told the Securities Daily that Ziguang Group will enter the stage of steady development. "New Ziguang" integrates industrial resources and focuses on the intelligent high -tech industry chain with integrated circuits as its core. The operating performance of the group and subordinate industry companies is expected to reach a new high.

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