Appliances Wonderful Event Commentary Week In And Week (fourth Week Of April) - Konka, Changling -

< BR> home appliances

< BR> home appliances

2008 Annual Report and giant reported first quarter baked.


Incident: Recently,

Konka

, Xiamen Overseas Chinese,

Amoi

, Midea,

Triple Trading Company

And many other home appliance companies announced the 2008 annual report and 2009 first quarter report.


Comments: Konka fiscal 2009 first quarter filing shows the company in the first quarter

Sell

Income of 2.6 billion, down 15% year on year profit of 40.23 million yuan, up down 14.5%; * ST Amoi 2008 full-year results, 2008 * ST Amoi revenue 1.68 billion yuan, down 51% net loss of 750 million yuan; "* ST Xoceco also issued a 2008 report, the loss of one billion yuan last year; Guangzhou Midea first quarter 2009 earnings release on the 29th, the U.S. filing shows the realization of revenue 8.82 billion , down 29.44 percent year on year, net profit of 180 million, down 43.15 percent year on year; triple Trading Company 29, released "2008 Annual Report," said the trading companies last year, triple net loss of 94.3221 million yuan. triple trading company's turnover last year was 14.55 billion yuan, 2.033 billion yuan to 71.57% planned, down 243000000 yuan ... ... from this side of the recent and appliances listed companies issued annual reports and on reports from the first quarter, earnings are not beautiful, falling profits and losses Many businesses, we expect home appliance companies in the future to have more excellent performance.


S * ST Changling is significant progress in restructuring.


Event: S * ST Changling notice significant progress in restructuring announcement listed companies, decided to price 100 000 000 25.7578 million yuan to Shaanxi

Electronic

Information Group Limited to sell addition to monetary funds, notes receivable, and in December 2008 the assets had been sold outside of all the assets and liabilities are not reported; while the price of 2.8 yuan per share, to re-side? War groups 5208.58 200 million private placement million, financing 700 million 5.84 million yuan.


Comments: Since the 2003 "Prix star cap" Start, S * ST Changling began restructuring its rocky road. Had conducted substantial business contacts with the Changling, eventually billions of dollars in debt and discouraged before loss of 800 million yuan, has all kinds of backdoor endless rumors, all kinds of mass incidents have occurred; 5, 2007 month beginning, S * ST Changling beginning the bankruptcy reorganization of large-screen, September 16, 2008, the company adopted the second meeting of creditors reorganization plan. October 25, 2008, Baoji City Intermediate People's Court ruled that approved the reorganization plan Changling shares, as of now, the debt restructuring plan is being implemented. In S * ST Changling restructuring process, Baoji City, paid a staggering cost of the SASAC, the S * ST Changling, the reorganization has not completely successful, it needs joint efforts of all.


Panasonic

Sanyo plans for the acquisition is to delay the antitrust review.


Events: acquisition of the Japanese Matsushita

Sanyo Electric

Plan, the two companies on the 28th news release, United States, anti-monopoly law as it involves procedures also need to take time, still can not predict when to start tender offer Panasonic Sanyo shares.


Comments: acquisition has always been a more cumbersome and complex process, need to go through a series of legal procedures, and the industry between the acquisition of the company will not only remain in the acquisition phase, after the success of mergers and acquisitions, M & A integration of the two sides also will be the market focus of attention. Panasonic original plan by the end of March to complete the acquisition on the Sanyo, but for now, the acquisition will undoubtedly be postponed until after the summer, by the end of June to complete the acquisition before the general meeting of shareholders seems to have become more difficult to buy on the Panasonic Sanyo, will the home network will to continue to pay attention.

by: gaga

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