Foshan Lighting (000541.SZ) recently announced that due to poor management, it plans to transfer its shares in Foshan Gaoming Fuwan Lake Hotel and Foshan Gaomingfuwan Shanshui Leisure Resort Co., Ltd., officially proclaiming diversification in hotels and resorts. The investment has completely failed.
Foshan Lighting also emphasizes putting energy and capital into the main business. At present, the company is in the period of industrial upgrading and transformation, and needs to concentrate on the development of electric light source business, new LED light source and new energy business of lithium battery.
The announcement shows that Foshan Lighting invested in the construction of the Gaomingfuwan Lake Hotel project in June 2005 and was completed in November 2006. The hotel is not a legal entity and belongs to the company's assets. In order to cooperate with the hotel, the company established a wholly-owned subsidiary Foshan Gaoming Fuwan Shanshui Leisure Resort Co., Ltd. with a registered capital of 4.8 million yuan, specializing in the management of the hotel.
Foshan Lighting said that due to the non-company main business of the hotel industry, it has been lacking corresponding professional management capabilities and has been in a state of loss for a long time. At the same time, there are still many plots of land in Fuwan Lake Hotel that have been idle for many years and have not been developed, facing the risk of the government recovering the land idle fees or even recovering the idle land without compensation.
Therefore, Foshan Lighting intends to use Foshan Gaomingfuwan Shanshui Leisure Resort Co., Ltd. and all the land, real estate and property (including attachments, equipment and facilities) related to Foshan Gaoming Fuwan Lake Hotel Project at the government property exchange. Or the property auction institution shall be transferred in the form of public listing, and the transfer price of all the transferred land and real estate properties shall be the reserve price and the transfer transaction shall be conducted according to the auction rules.
It is reported that Foshan Lighting achieved operating revenue of 1.723 billion yuan in the first three quarters of 2011, an increase of 30.36% over the same period of the previous year; net profit attributable to owners of the parent company was 219 million yuan, an increase of 34.19% over the same period of the previous year, and the gross profit margin was 26.99%. The net interest rate is 13.02%.
Although profits have increased substantially, in the first three quarters of last year, the domestic electric light source industry was fiercely competitive, including raw materials such as phosphors, lamp holders and LPG, which all rose sharply, while labor costs also increased. These factors have brought Foshan lighting profits. pressure.
Foshan Lighting also emphasizes putting energy and capital into the main business. At present, the company is in the period of industrial upgrading and transformation, and needs to concentrate on the development of electric light source business, new LED light source and new energy business of lithium battery.
The announcement shows that Foshan Lighting invested in the construction of the Gaomingfuwan Lake Hotel project in June 2005 and was completed in November 2006. The hotel is not a legal entity and belongs to the company's assets. In order to cooperate with the hotel, the company established a wholly-owned subsidiary Foshan Gaoming Fuwan Shanshui Leisure Resort Co., Ltd. with a registered capital of 4.8 million yuan, specializing in the management of the hotel.
Foshan Lighting said that due to the non-company main business of the hotel industry, it has been lacking corresponding professional management capabilities and has been in a state of loss for a long time. At the same time, there are still many plots of land in Fuwan Lake Hotel that have been idle for many years and have not been developed, facing the risk of the government recovering the land idle fees or even recovering the idle land without compensation.
Therefore, Foshan Lighting intends to use Foshan Gaomingfuwan Shanshui Leisure Resort Co., Ltd. and all the land, real estate and property (including attachments, equipment and facilities) related to Foshan Gaoming Fuwan Lake Hotel Project at the government property exchange. Or the property auction institution shall be transferred in the form of public listing, and the transfer price of all the transferred land and real estate properties shall be the reserve price and the transfer transaction shall be conducted according to the auction rules.
It is reported that Foshan Lighting achieved operating revenue of 1.723 billion yuan in the first three quarters of 2011, an increase of 30.36% over the same period of the previous year; net profit attributable to owners of the parent company was 219 million yuan, an increase of 34.19% over the same period of the previous year, and the gross profit margin was 26.99%. The net interest rate is 13.02%.
Although profits have increased substantially, in the first three quarters of last year, the domestic electric light source industry was fiercely competitive, including raw materials such as phosphors, lamp holders and LPG, which all rose sharply, while labor costs also increased. These factors have brought Foshan lighting profits. pressure.
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