"Ocean Fishery" is a listed company controlled by Dalian Ocean Fishery Group Company of Liaoning Province, which is mainly engaged in the fishing of marine aquatic products, and is one of the large-scale ocean fishery backbone enterprises in China. The profits of 1995 and 1996 reached several hundred million yuan. Since 1998, the external environment and management situation of offshore fishery production and operation have become increasingly severe: overfishing has caused the decline of main operating resources, the management of national resources in relevant sea areas has been strengthened, and the international aquatic products market is fiercely competitive and the price is low. Due to the depression of the whole industry, the company's profitability has declined, which can not give shareholders a good return, and the company's right to raise shares has also been threatened. Under the situation that the internal resource reorganization alone can't solve the fundamental problem of enterprise development, "offshore fishing" has determined the development idea of introducing excellent enterprises in high-tech industries through equity transfer and strategic reorganization. The company has set five standards for its partners: first, the industry has bright prospects; Second, it belongs to high-tech enterprises; Third, the company's products are first-class and have a high market share; Fourth, it has sustained and stable good business performance; Fifth, the enterprise has an enterprising, united and excellent management team.
Xintai Technology is a private high-tech enterprise founded by many former engineers of Sun Yat-sen University with a registered capital of 654.38 billion yuan. The company's main business is computer communication platform software, application software development and system integration, and provides comprehensive solutions such as information systems, information products and information services for customers in domestic telecommunications, postal services, government and finance industries. It is one of the largest private high-tech enterprises in Guangzhou. With the separation of telecom, postal and mobile industries and the rapid development of information industry and network economy in China, the company began to vigorously develop new projects such as unified information platform, e-commerce application platform, multimedia call center and voice Internet. Good development prospects need more capital investment, but due to lack of funds, many big projects can't be done and big contracts can't be signed. The contradiction between capital and development seriously restricts the rapid development of enterprises. After many comparisons and explorations, the company chose the backdoor listing method and determined three conditions: first, the "shell" must have profitability and good performance; Second, the management of the other party can form an understanding with itself on some major issues; Third, the scale of the "shell" is moderate, and the cost of obtaining a controlling stake cannot be too large. After many contacts, I finally chose "offshore fishing".
"Xintai Technology" and "offshore fishing" basically meet each other's cooperation conditions and hit it off. Since the second half of 1999, the major shareholders of Xintai Technology and Ocean Fishery began to transfer and purchase their shares after many consultations. In the first step, Xintai Technology and Ocean Fishing formally signed an equity transfer agreement, and Ocean Fishing acquired 95 1 12% equity of Xintai Technology at a transfer price of 654,380+050 million yuan, becoming the controlling shareholder of Xintai Technology. In the second step, Xintai New Technology, a subsidiary of Xintai Technology, formally signed an equity transfer agreement with Liao Yu Group, the parent company of Ocean Fishery Holdings, and acquired 29.9% of the equity of Ocean Fishery at one time in the form of repurchase. The transfer price is determined to be 65,438+00% of the net assets, becoming the second largest shareholder of the listed company and obtaining the right to appoint senior personnel to the board of directors of the listed company. The reorganization of the company's board of directors and the change of the company's name were completed according to legal procedures. "Ocean Fishing" was renamed Liaoning Xintai Science and Technology Co., Ltd., the company's stock name was changed to "Xintai Science and Technology", and the business scope was revised in the company's articles of association.
Due to the replacement of assets of listed companies, listed companies realized capital increase and allotment in 2000, and actually allotted18.72 million shares. In February 2000, the funds raised by the rights issue were put in place, all of which were used for the development of Guangzhou Xintai Science and Technology Information System. 200 1, continuously stripping off the non-performing assets of offshore fishing, and finally setting up the assets of the original offshore fishing as a subsidiary and registering it locally; At the same time, Liaoning Xintai Technology continued to acquire 4.888% equity of Guangzhou Xintai Technology and injected all assets of Guangzhou Xintai Technology into listed companies. Since then, the company moved to Guangzhou and was further renamed as "Xintai Technology Co., Ltd.". At this point, listed companies have completed the transformation from fishery to high technology and from state-owned to diversified investment. Since 1999, the annual R&D expenses of "Xintai Technology" accounted for more than 10% of the sales, and the investment in 2000 was nearly 30 million yuan, which was far from meeting the needs of development. By the end of March, 2002, the reorganized "Xintai Technology" will use all the 300 million yuan raised by the rights issue for the research and development of new computer products in the next two to three years. Therefore, the company invested in Xintai e-commerce platform and Xintai multimedia call center, unified the information service platform, and established Xintai IT industry research and development center. Due to the abundant investment and the smooth development of science and technology, the company has made a number of new achievements in soft switching system, information integration and data analysis system, broadband IP network management system, WEB access technology products and so on. To further increase market share and push enterprises to a new level.
Reincarnation+light travel ST Xintai (600728) ushered in the era of performance explosion.
The 20 10 annual report released by ST Xintai recently was eye-catching, and the company achieved operating income of 538 million yuan, up 58.89% year-on-year; The net profit was 247 million yuan, a year-on-year increase of 1432.08%. The company also said that it will apply to the Shanghai Stock Exchange for cancellation of special treatment after the publication of the annual report. This means that after the success of "Star Picking" last year, the company will also throw away the hat worn on its head for six years.
In 20 10, the company completed the share reform and debt restructuring successively, and the business operation was on the right track. On September 8 last year, st Xintai announced the completion of the restructuring plan. The annual report shows that the net income of debt restructuring is 325 million yuan, and the debt exemption income of creditors after sharing the debt restructuring costs is 206 million yuan. It is worth mentioning that the company completed the share reform last year, and the injection of fresh blood laid the foundation for the company's performance growth. According to the share reform plan, Du Jia Group, the largest shareholder of the company, presented Guangzhou High-tech Supply Chain Company and Panyu Communication Pipeline Construction Investment Co., Ltd., the second largest shareholder, presented 60 million yuan in cash. On June 9, 20 10, the share reform plan was implemented. Based on the total share capital of 208 million shares, 5.5 shares will be transferred to Du Jia Group, Panyu Communication and Du Jia Information, the second largest shareholder of the company, for every 10 share, and 9 shares will be transferred to all tradable shareholders registered on the implementation date of the share reform plan.
Completely transformed and packed, the company's net assets and financial indicators reached the highest level in the past seven years at the end of 20 10.
20 10 company's technology, products, market investment and competitive advantages in the field of ICT value-added services for many years began to be released and rewarded. At the same time, the company's main business has expanded from a single telecom value-added service industry to three major areas of modern information service industry, such as communication value-added field, public safety field and ICT service field, which has greatly increased the company's performance and the sustainability of business scale.
In the field of telecom value-added services, the company actively integrates new technologies into 3G value-added services. The partners include the three giants in the telecommunications industry. Last year, the contract value of software and services exceeded 1 100 million yuan. The new generation of value-added services based on 3G/NGN has brought new growth points to the company's traditional superior business.
In the field of public safety, the company took the Guangzhou Asian Games as an opportunity to expand in the field of new products such as video security systems and achieved certain benefits. With the outbreak of market demand in China's security industry, the rapid growth of security companies is worthy of attention.
In the field of ICT services, the company has made great progress in software outsourcing service, cloud computing product application service, Internet of Things technology research and development and operation service in the field of new generation information service technology, and has formed strategic cooperative relations with many leading manufacturers in the world. Guangzhou Xintai Technology Co., Ltd., a wholly-owned subsidiary, and high-tech supply chain companies have achieved good performance and development in the application service solutions business of ICT high-end value-added products and one-stop global ICT products, logistics and financial supply chain services.
The business returned to the right track and the company began to accelerate the pace of business expansion. 20 1 1, 1, ST Xintai announced that IT intends to raise more than 400 million yuan in private placement, which is mainly used for investing in research and development of mobile internet business platform and industry application promotion projects, overall solutions for a new generation of integrated intelligent security platform, cloud computing IT service outsourcing projects and intelligent transportation systems and industry solutions projects.