Jinlitai continues to suspend trading in major asset restructuring "confusing"

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As for the reasons for the decline in profits, the company’s explanation in the report is: product gross profit rate decreased by 0.
55 percentage points year-on-year, labor costs and financial expenses increased, and government subsidies received by the company decreased.
As can be seen in the breakdown of financial statements, The company's annual sales expenses increased by 11.
15%, and management expenses increased by 18.
38%.
In addition, with the main business income basically unchanged, the company's business tax and additional costs increased by 105.
8% year-on-year, or about 2.
31 million yuan.
The company pointed out that this Mainly from the consumption tax paid.

On April 26, 2016, Jinlitai released the 2016 first quarter report.
During the reporting period, the company achieved total operating income of 162,783,700 yuan, an increase of 11.
21% year-on-year; net profit attributable to shareholders of listed companies was 17,110,900 yuan, an increase of 5.
48% year-on-year , The company’s basic earnings per share was 0.
0364 yuan, an increase of 5.
51% from 0.
0345 yuan in the same period last year, and the weighted average return on equity was 2.
04%, an increase of 0.
04 percentage points from the same period last year.

Jinlitai Report for the First Quarter of 2016

As of the reporting period, Wu Guozheng held 138,959,442 shares of Jinlitai Company, holding 29.
54% of the shares, and still ranked as the largest shareholder of the company.
Nalu Holdings (Hong Kong) Co.
, Ltd.
held 40,950,000 shares of Jinlitai Company, holding 8.
71% of the shares.
, Ranking the second largest shareholder.
   

The number of ordinary shareholders and preferred shareholders whose voting rights have been restored and the shareholding status of the top 10 shareholders

On March 16, 2016, the Seventeenth Meeting of the Sixth Board of Directors of Jinlitai Company reviewed and approved the 2015 Profit Distribution Plan.
The profit distribution plan for 2015 is: based on the total number of shares of the company as of December 31, 2015, 470,340,000 shares, a cash dividend of RMB 0.
70 (tax included) for every 10 shares, and a total cash dividend of RMB 32,923,800 (including tax) will be distributed to all shareholders.
Tax), no capital reserve will be converted to share capital, and no bonus shares will be given.

On April 8, 2016, the company’s 2015 Annual General Meeting of Shareholders reviewed and approved the 2015 Profit Distribution Plan.
As of the date of this report, the above profit distribution plan has not been implemented.

The reason why Jinlitai affects the sensitive nerves of the Chinese paint industry is that in the past 30 years, China Paint has developed rapidly.
There were as many as 11 paint-related companies listed on the market, but now, only 3 companies are completely committed to paint as their main business.
The listed companies in the business are Jinlitai (300225), Yu Sanxia A (000565), and Dongfang Yuhong (002271).

However, Rainbow Refining (002256), Beijing New Building Materials (000786), Northwest Chemical Industry (000791) renamed Gansu Power Investment (000791), Red Sun (000525), Linuo Industry (600885) formerly known as Wuhan Shuanghu, and Chongqing Titanium White (000515) ), Fenghua Co.
, Ltd.
(600615) and other listed companies' main business and coatings no longer have the slightest relationship.

History has proved that after the listing of paint companies, few companies can persist in doing a good job in the paint business.
The paint stocks in the past have been selling shells and transformation.
Today, the major asset restructuring of Jinlitai is still not seen.
What is the final result of Jinlitai's restructuring? , We will wait and see, looking forward to the final outcome.

(Source: Global Coatings Network) (For more information, please log in: Global Coatings Network http:// )