The main business of aging products is sluggish.
Tiqi Guhan is a state-owned listed company controlled by Tiqi and Hengyang State-owned Assets Supervision and Administration Commission. Founded in 1956, its products include ancient Chinese health care essence. It is a national high-tech enterprise and a key industrial enterprise in Hengyang.
However, times have changed and the company failed to innovate in the market competition. As a fist product, the essence of ancient Chinese health has not yet left Hunan. Lack of core competitiveness drags down the company's main business. In 20 18, Tiqi Guhan realized operating income of1850,000 yuan, down 459 1% year-on-year, and realized net profit attributable to shareholders of listed companies of-38180,000 yuan, down 299 13% year-on-year. However, Ming explained to shareholders: "Due to the intensified competition in the pharmaceutical industry and the adjustment of the company's marketing channels, the company's performance has declined." He admits that this situation is difficult to reverse in the short term.
The minority shareholders from Changsha fired directly at the company's management at the meeting: "The company's products lack new ideas, the products are limited to the ancient Han health essence, the market is limited to Hunan, and consumers are limited to the elderly over 50 years old. You are so backward, you waste too much time! Live up to the expectations of investors! "
Faced with this accusation, Ming explained: "it is risky to take a lot of advertising promotion." Once the market expectations are not met, the company's performance will drop sharply. "
M&A died twice.
In order to reverse the embarrassing situation, the ancients in China were inspired to try. 18,16 In July, Tiqi Guhan announced the planning of major events and planned to acquire 0/00% equity of Chengzhi Yongfeng/kloc, a pharmaceutical company affiliated to Tiqi Foucault, the controlling shareholder of Tiqi Guhan. Only a few months later, on 10 year 10 30, Tiki Guhan said that the acquisition opportunity and conditions were not mature enough, and the asset purchase was terminated soon.
On February 25th, 20 19, Tiki Guhan said that he was going to restructure the assets of Beijing Meizhongyihe Medical Management Co., Ltd. in Beijing. On March 1 1, Tiki Guhan also said that he decided to terminate the reorganization because he could not reach an agreement on the core terms of the transaction plan. In just two years, Tiki Guhan's two reorganizations failed, which was called the first short-lived reorganization by the media.
Some media reported that the reorganization of Tiqi Guhan was under the pressure of unified supervision of university assets. On May, 2065438+2008 1 1, the Central Committee for Comprehensively Deepening Reform deliberated and adopted the Guiding Opinions on the System Reform of Enterprises Affiliated to Colleges and Universities, requiring enterprises affiliated to colleges and universities to comprehensively clean up the relationship between property rights and responsibilities and implement the reform work in different categories.
Some shareholders mentioned capital injection by major shareholders, but Ming said: "As a major shareholder, Tsinghua Group still has some assets, but some assets are in the incubation stage, and some assets belong to venture capital projects. At present, there are no suitable assets injected into listed companies. " He added: "We have seen many projects, and the current projects are not only high in price, but also debatable in quality. From 20 15 to 20 16, many projects were sold at very high prices, and now the risks are exposed one after another, and we have not participated. "
Investors can't see the future? 20 19, 21March 20th, Tiki Guhan said that Hebei xiong'an new area Management Committee, China Xiongan Group Co., Ltd., Tsinghua University, Tsinghua Holdings Co., Ltd. and Tiki Holdings signed the Cooperation Framework Agreement. After the five parties agreed to this cooperation, the funds controlled by Xiongan Group and/or xiong'an new area Management Committee will become the largest shareholder of Tiki Holdings together with Tsinghua Holdings.
Affected by this good news, Tiki Guhan's share price rose from the lowest point of 6.35 yuan to 20.65 yuan in just seven weeks. At that time, some analysts pointed out that this round of rise belongs to the theme of first-line hot money speculation, and it is expected that the rising market will be difficult to last. At present, Tiki Guhan's share price has fallen to around 1 1 yuan, which is close to 20.65 yuan.
In the case of sluggish main business, failed restructuring and hopeless merger, Xiong 'an theme became the last hot topic at the shareholders' meeting. Secretary Cao Dingxing told shareholders: "At present, we are also waiting for news. Sorry, there is no new news for you. Everything we know is written in the announcement. The progress of Xiong 'an Group is similar to that when we made the announcement. "
(Editor Bai Baoyu)