Forex Tianyan APP News: Liquor Kweichow Moutai is famous, and even its classic wine bottles are also familiar, and the ceramic wine bottle production behind it is Hunan Hualian Porcelain Co., Ltd.
Recently, Hualian Porcelain Co., Ltd. submitted a prospectus, intending to be listed on the small and medium-sized board, with a public offering of no more than 62,966,700 shares, accounting for no less than 25% of the total equity after the issuance. The
reporter found that the actual controller of Hualian Porcelain Industry is a proper boss. This boss controls a company with more than 50 billion assets and has repeatedly appeared on the list of China's richest people.
So, who is this big guy? It is understood that Hualian Porcelain was established in 1994, funded by Jiashu Factory and Malaysia Xinhualian.
has experienced more than 20 years of development. As of the signing date of the prospectus, Zhiyu Investment holds 45% of the equity of Hualian Porcelain Industry and is its largest shareholder.
needs to point out that although Xu Junqi holds 100% of the equity of Zhiyu Investment, he is the actual controller of Hualian Porcelain.
But in addition to Xu Junqi, Hualian Porcelain also has a real controller, Fu Jun. This Fu Jun is the "big brother" mentioned above. According to the prospectus, Fu Jun controls 45% of Hualian Porcelain by controlling Xinhualian Asia (holding 29.65% of Hualian Porcelain) and Feldstone Investment (holding 15.35% of Hualian Porcelain), and Xu Junqi and Fu Jun signed the "Agreement" of relevant persons acting in concert, so both of the above are the actual controllers of Hualian Porcelain Industry.
So, who is Fu Jun? According to data from
, Fu Jun was born in October 1957 in Liling, Hunan. He is currently the vice chairman of the China Civil Chamber of Commerce, a member of the 13th National Committee of the Chinese People's Political Consultative Conference, a member of the Social and Legal Committee, and the vice chairman of the 10th All-China Federation of Industry and Commerce.
In the "2019 Forbes China 400 Rich List", Fu Jun ranked 238th with a wealth of 10.96 billion yuan.
On February 26, 2020, Fu Jun ranked 524th in the "2020 Shimao Shenzhen-Hong Kong International Center·Hurun Global Rich List" with a fortune of 33 billion yuan.
At the same time, Fu Jun is also the actual controller of Xinhualian Holdings. The prospectus shows that as of the end of 2019, Xinhualian Holdings' total assets reached 55.7 billion yuan and net assets were 15.7 billion yuan. What is the concept of
557 billion yuan in total assets?
Looking at the A-share listed companies on September 30, 2019, the total assets of 55.7 billion yuan can easily be ranked in the top 300, and well-known companies close to it have new hope, Wen's shares, Baiyunshan, and Eastern Fortune. The total assets of Yili, the leader in the dairy industry, are only more than 53 billion yuan.
In addition, according to reporter statistics, as of March 10, Xinhualian Holdings holds 14.72% of the shares of the listed company Sailun Tire and 61.17% of the shares of the listed company Xinhualian, both of which are the largest shareholders of both.
If Hualian Porcelain successfully goes public, Fu Jun will again control a listed company, and its wealth is expected to surge again.
Moutai Wuliangye for customers
So, what is the quality of Hualian Porcelain?
It is understood that since its establishment, Hualian Porcelain has been engaged in the research and development, design, production and sales of ceramic products, and based on the personalized and creative color glaze ceramics.
From 2017 to 2019 (hereinafter referred to as the "reporting period"), Hualian Porcelain achieved operating income of 727.5404 million yuan, 844.7349 million yuan, and 945.7707 million yuan, and net profits attributable to the parent were 60.6982 million yuan, 10.840.5 million yuan and 110.7553 million yuan. Yuan, it can be seen that the performance of Hualian Porcelain Industry has shown a continuous upward trend.
From the product point of view, Hualian Porcelain mainly sells colored glaze ceramics. During the reporting period, Hualian Porcelain's colored glaze ceramics generated sales revenues of 62.541 million yuan, 728.875 million yuan, and 849,422,300 yuan, respectively, accounting for 86.76%, 86.73%, and 89.83% of the current main business revenue.
It should be pointed out that Hualian Porcelain is currently an important ceramic bottle supplier for well-known wine companies such as Kweichow Moutai and Wuliangye. Although
has two well-known customers in Kweichow Moutai and Wuliangye, the reporter noticed that Hualian Porcelain's products are mainly sold overseas.
During the reporting period, Hualian Porcelain’s export sales revenues were RMB 418,232,600, 555.6314 million yuan and 604.065 million yuan, respectively accounting for 58.02%, 66.12%, and 63.89% of the current main business income.
In addition, the overseas sales of Hualian Porcelain are mainly developed countries or regions such as North America and Europe. The sales income from exports to the United States is 176,948,900 yuan, 243,379,400 yuan, and 235,512,200 yuan respectively, accounting for the proportion of main business income in the same period. They are 24.55%, 28.96% and 25.12% respectively.
In this regard, Hualian Porcelain Co., Ltd. warns of the risk that if the overseas market fluctuates, resulting in a substantial decrease in demand, or major adverse changes in the import policies and economic and trade environments of some product importing countries, it may have a certain impact on the company’s operating results. Impact. In addition, if Sino-US trade frictions escalate again in the future, the United States continues to expand the scope of tariff-imposed products, which may involve household ceramic products. American customers may require the company to reduce prices appropriately to pass on costs, which will result in the company’s sales revenue from the United States. And the profitability declines, which adversely affects the company’s operating performance.
