Abstract After six months of brewing, Jiangnan Hongjian (000519) major asset restructuring plan finally surfaced. The major asset restructuring plan announced by Jiangnan Red Arrow shows that Jiangnan Red Arrow intends to acquire the asset business of intelligent ammunition in the weapons industry group and related high-quality civilian products business...
After six months of brewing, Jiangnan Red Arrow (000519) major asset restructuring plan finally surfaced. The major asset restructuring plan announced by Jiangnan Red Arrow shows that Jiangnan Red Arrow intends to acquire the asset business of intelligent ammunition in the weapons industry group and related high-quality civilian products business. After the completion of this reorganization, Jiangnan Red Arrow's main business will also expand from the pure civilian products business of super hard materials and internal combustion engine parts development to a diversified business line including core military products and high-quality civilian products. Capital market participants generally believe that this reorganization will be an important attempt by Jiangnan Red Arrow to reshape and enhance its brand image, consolidate its core competitiveness, focus on key resources, and implement a military-civilian integration strategy. In fact, this is the second major asset restructuring of Jiangnan Red Arrow in three years. In 2013, Jiangnan Red Arrow reorganized its major assets and realized the backdoor listing of Zhongnan Diamond. The main business of listed companies increased the R&D, production and sales of superhard materials. Zhongnan Diamond is a leading company in the domestic superhard materials industry and the world's largest manufacturer of synthetic diamond and cubic boron nitride single crystal. The major asset restructuring in 2013 has greatly improved the operating conditions of listed companies. Jiangnan Hongjian has maintained a high level of operating income and net profit in recent years. In 2013 and 2014, net profit reached 380 million yuan and 400 million yuan. Prior to this reorganization, Jiangnan Red Arrow was already the world's largest manufacturer of synthetic diamonds, with significant scale, industry chain, technology and brand advantages. Jiangnan Red Arrow is the industry leader, with a market share of about 45%, and its scale far exceeds that of other companies. Therefore, through asset injection to achieve its own profitability and value branding, Jiangnan Red Arrow has a successful experience.
The plan shows that the target companies to be injected are the benchmark enterprises in various segments of smart ammunition. The relevant products of the target company have already covered the arms, such as land, sea, air, land, second artillery, and armed police. The supporting industries cover many fields such as weapons, aviation, aerospace and ships. After the completion of this reorganization, Jiangnan Red Arrow's business field will be expanded in multiple dimensions. It will increase the number of military artillery shells, rockets, missiles, submunitions and other military products and modified vehicles, special vehicles, chassis components and other accessories. For civilian products, the profitability of listed companies will be enhanced and the overall value will be effectively improved.
After the completion of this reorganization, Jiangnan Red Arrow will become the first highly specialized and product-related intelligent ammunition concept stock in the domestic capital market. The successful creation of the intelligent ammunition platform will fill the gap in the domestic capital market and become a well-deserved The "new ammunition first stock". Faced with the complicated and ever-changing international situation of the year, the scale and frequency of various live-fire exercises have been increasing, and the consumable properties of the ammunition products themselves will undoubtedly provide a huge imagination for the future development of listed companies.
Practicing the integration of the military and the people is not only a response to the national call, but also an inevitable choice for the transformation and upgrading of military enterprises. The integration of military and civilian includes the parallel co-ordination of R&D technology and the production capacity in the two fields of military and civilian products, as well as the mutual learning of management models and the smoothing of the industrial cycle. According to public information, after experiencing rapid growth for several consecutive years, Jiangnan Red Arrow's super-hard materials business grew slightly faster than expected this year. The injection of military assets will smooth the cyclical downturn of the civilian products business in the future, thereby improving the overall risk resistance of listed companies and the ability to respond to market segment changes. At the same time, the injection of military assets and business will help the listed companies to enter the military supporting field in the future, and reshape and continuously enhance the company's core competitiveness by undertaking military tasks and national funds projects. This will have a positive impact on the profitability of listed companies.
In the future, Jiangnan Red Arrow will continue to maintain its leading position in the “single-player†of super-hard materials, and continue to strengthen and consolidate the market competitiveness of related civilian products business through endogenous and external links. The full-spectrum, multi-specialized and specialized intelligent ammunition products injected through this reorganization will make it an "all-round player" in this field, and firmly establish Jiangnan Red Arrow's brand image and industry status in the field of intelligent ammunition.
The future profitability of Jiangnan Red Arrow, which has two gold business cards, “Super Hard Material Singles Strong†and “Smart Ammunition Almighty Playerâ€, is fascinating, and the stock price prospect has enough imagination. (CIS)
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