界面新闻记者 |
jizhuanrangqixia13jiayoujingyingmendianzi(sun)gongsihou,liansuoshangchaoshangshigongsirenrenle(*strenle,002336.sz)zaicichuzhizichan。
本次*ST人乐将旗下业绩亏损的西安高隆盛商业运营管理有限公司(下称:西安高隆盛)和西安市人人乐商品配销有限公司(下称:西安配销)100%guquanguapaichushou,zuojiaheji8.84yiyuan。
jiepanfangweixianbendiliangjiatouzigongsi,*strenleliangjiakuisungongsiweihezhuanrangjiagerucizhigao?jiepanfangyituweihe?*strenlelvjingshanxiguozichushoushukun,zuizhongnengfoushixianbaojirengweikezhi。
*ST人乐再处置亏损资产
12yue13riwanjian,*strenlegonggao,gongsijiangtongguoxianwenhuachanquanjiaoyizhongxingongkaiguapaichushouxiangaolongshenghexianpeixiao100%guquan。bencijiaoyigouchengzhongdazichanzhongzu。jiaoyiduifangweishanxihanjianxinchengtouzihehuoqiye(youxianhehuo)(yixiajiancheng“hanjianxincheng”)、xiandonghechenshengshangyeyunyingguanlihehuoqiye(youxianhehuo)(yixiajiancheng“donghechensheng”)。jiaoyijiagefenbiewei6.05yiyuanhe2.79yiyuan,zhifufangshiweixianjinzhifu。gonggaocheng,bencijiaoyiyouzhuyushangshigongsipanhuocunliangzichan、chongshixianjinliujibuchongyingyunzijin,gaishanjingyingyeji。
shangshujiaoyihou,*strenle2024nianbannianduyingshoujiangyou9.7yiyuanjiangzhi7yiyuan,jinglikuisunejiangyou2.84yiyuanjiangzhi1.2yiyuan,zichanfuzhailvyou121.07%jiangzhi91.67%。
值得一提的是,标的西安高隆盛和西安配销两家公司2022年至今均为亏损状态。2022nianzhi2024nianshangbannianxiangaolongshengfenbiejingkuisun366.91wanyuan、256.49wanyuan、118.27wanyuan;xianpeixiaofenbiejingkuisun330.44wanyuan、356.29wanyuan、298.17wanyuan。liangjiagongsizaibencijiaoyizhongdeyijialvfenbiewei80.92%、77.11%。
- 西安高隆盛主营房产租赁业务,主要资产为位于西安市雁塔区世家星城的一幢房产,房产总共4层,合计面积3.98万平方米。
- 西安配销主营业务为超市商品配送,拥有配送车辆,司机、人员,主要从事对*ST人乐西北区门店和大型购物广场的商品物流配送业务,收取配送服务费等,是一家正常经营的物流公司。西安配销股权出售后,*ST人乐三大自有物流中心仅剩一家。
接盘方什么背景?
拟接手西安高隆盛的陕西韩建信诚投资合伙企业(有限合伙),是君研投资旗下的投资平台。
公开资料显示,韩建信诚于2017年成立,主营业务系以自有资金从事投资活动,旗下管理基金10个。hanjianxinchengdeshouyirenlibozhenglirenshanxiguantianxixianguquantouziguanliyouxiangongsizongcaizhuli、shanxijunyantouziguanliyouxiangongsizongjingli、shanxiguantianxixianguquantouziguanliyouxiangongsifuzongcai。
公开资料显示, 陕西君研投资管理有限公司是以陕西关天资本管理有限公司为核心设立的专业从事资本运营及投资管理业务的投资管理公司。
陕西关天私募基金管理有限公司(以下简称“关天资本”)系西安本地知名私募,对外投资版图覆盖全国,涵盖金融、批发零售、租赁和商务服务业等领域。
xianbendiyimingquanshangrenshixiangjiemianxinwenjizhebiaoshi,guantianzibenhenduoxiangmudouzaiqujiang,yezaibendixiangmuzhonghuolipofeng。zheicichushoushukunyehenzhengchang,houmianguantianzibenkeyibazheichuzichanhezijitouzidexiangmuzhuangyikuai,yeyoukenengtongguoshangshidengtujinghuoli。
zhiyujiepanfangdonghechensheng,jiemianxinwenjizhetoushiqiguquanjiegoufaxian,“guanjianxiansheng”huoshiyijialaopaisimushenzhenzhongjintouziguanliyouxiangongsi(yixiajiancheng“shenzhenzhongjin”)。
tianyanchaappxianshi,donghechenshengyujinnian12yue5riganggangchengli,shiyijiacongshishuiliguanliyeweizhudeqiye,zhuceziben3yiyuan。donghechenshengyouxianruipengzichanguanliyouxiangongsichuzi99.9%,erhouzheyoushenzhenzhongjinchigu59.87%。
shangshuquanshangrenshixiangjizhebiaoshi,“shenzhenzhongjindegudongzhiyifengtaoyeshixianzibenquandelaoshuren,cengrenyuanshanxicaijingxueyuanxizhurendengzhi。”“zheicishougouwuliugongsi,shenzhenzhongjinkeyibazijixiangpipeidexiangmuhewuliugongsihebing,zuihouyekeyimouqiushangshi。”
chuantoushenzhenzhongjindeguquanjiegoukeyifaxian,shenzhenzhongjindegudongfengtao、tianyuchendengrendezibenbantushifenpangda,hangaifangzhifuzhuang、jiudianguanli、shangwufuwu、wenhuayishudenglingyu,zaishanxidangditouziqiyebaokuoxianguanlanshanjiudianguanliyouxiangongsi、xiangaoxinjishuchanyefengxiantouziyouxianzerengongsideng。
“民营超市第一股”陷关店潮
zuoweilaopaichaoshijutou,*strenletoudingzhe“minyingchaoshidiyigu”deguanghuanshangshi,zaiguoneimouxiechengshidemendianshuliangcengyiduchaoguojialefu、woermahehuarunwanjiadengzhuyaojingzhengduishou。dianfengshiqi,*strenlezaiquanguokaishemendianchaoguo130jia,wangdianbianbuguangdong、shanxi、sichuandengdi。
raner,zailingshouyekuaisubianhuadeshiqi,*strenlejinglilemanzhangdezhuanxingqiqueweijianchengxiao,shenxiankuisun、guandiannizhao。
jinnian5yue,*strenlexibeiquweixingongzhonghaocengfabutishicheng,renrenlesuoyoumendianjunzhengchangyingye。caibaoxianshi,jiezhi2024nianshangbannianmo,gongsiyongyoumendian83jia,qizhongxibeiqumendianshuliang31jia。
buguo,jiemianxinwenjizhetongguozoufangfaxian,xianrenrenlenanjiaodianmuqiansuiranrengzaizhengchangyingye,danchaoshineideduoshuhuojiakongkongdangdang,jinyoushaoshuhuojiafangzheguigebuquandehuopin。jizhexiangchaoshikadexiaoshouyuangongxunwennengfouzhengchangbanka,gaimingyuangongcheng,“chaoshikakeyizhengchangban,dianliyoudehuodoukeyimai”,“10yuefendeshihouchaoshihuogengshao,xianzaibizhiqianhaiduolexie。”bingfourenlejijiangguandiandechuanwen。
“壮士断腕”的同时,*ST人乐作为连锁商超的营收规模也在持续萎缩,已戴帽的*ST人乐又要用何种方式自救?
wanlianzhengquanzishentouguqufangxiangjiemianxinwenjizhebiaoshi,genju*strenlegonggao,bencichuzhixiangaolongshenghexianpeixiaohou,*strenlejinglirunjiankuidao1.2yiyuan,rengranchuyukuisunzhuangtai。danguishuyumugongsidesuoyouzhequanyizhuanzhengwei2.27yiyuan。tongshigongsiyingshouxiajiangzhi7yiyuan,yincigongsiweilaizaibaoqiaodelushanghaiyouhenduoshiyaozuo。youyujinnianlaigongsiguanbiduojiamendian,suiranjianshaokuisun,danshiyingshoufangmianyechuxianxiahua。weilaigongsixuyaozaiyewushangyouxinzengshouru,qiebaozhengyidingdelirun。conggongsimuqianxianjinliufenxirengranyouzugoudexianjinchubei,bupaichuweilaigoumaixinzichandekenengxing。
jiemianxinwenjiuguandianqingkuangjibaoqiaocuoshidengcaifang*strenle,jiezhifagaoweihuohuiying。
“生死线”前国资多次纾困
shishishang,zai2019nianshanxiguozijieshou*strenledekongzhiquanhou,cengduocichushoujiejueqicunzaidezijinwenti。
*strenle2010nianzaishenjiaosuoshangshi,faxingjiawei26.98yuan/gu。windshujuxianshi,shangshishouri,*strenlegujiazuigaochuji29.67yuan/gu,dangrishoupanzongshizhiyuewei130.52yiyuan,cihougongsigujiazaiweidaodarucigaodu。jiezhi12yue17rishoupan,*strenlebao6.36yuan/gu,jiaonianchugujiayiyaozhan。
*ST人乐业绩峰值也停留在了2010年。gongsigainianneishixianyingshoushoucitupo100yiyuan,guimujinglirun2.37yiyuan。daole2011nian,gongsique“zengshoubuzengli”,yingshouguimotupo120yiyuan,guimujinglirunquejiangzhi1.69yiyuan。2012nian,jishangshihoudiernian,gongsiyejikaishipinxiankuisun。
2014年至2023年,*ST人乐扣非后的归母净利润均为负数,这意味着公司主营业务持续亏损。
yejiweimidetongshi,qianshikongrenhejinmingjiazucengshucichouhuajianchi,danzuizhongweinengshishi,tongshihejinmingyepinfanjinxingguquanzhiya。2019nian,hejinmingjiangshangshigongsidekongzhiquanmaijileshanxiguozi。2019nian11yue,xianqujiangwenhuachanyetouzi(jituan)youxiangongsizhengshichengwei*strenlekonggugudong,shikongrenweixianqujiangxinquguanweihui。
2021年至2024年,*ST人乐连续三年业绩亏损并因此“披星戴帽”,2023年末公司净资产为负3.87亿元,是其上市以来净资产首次出现负值,公司2023年年报被出具非标意见。若2024年末净资产不能为正,公司股票将被实施强制退市。2024nianshangbannianmozibudizhaiwentichixufangda,jingzichanfuzhikuodazhi6.71yiyuan。
究其根本,是因为自2016年开始,连连亏损的*ST人乐出现了全资子公司对上市公司的非经营性资金占用问题。
shangshigongsihebingzichanfuzhaibiaokoujingxiazhanjufuzhaidatoudexiangmushi“zigongsicengmian”deyingfuzhangkuanyuhetongfuzhai,jinnianbannianbaozhongfenbiewei9.16yiyuanhe6.53yiyuan,zhanjugongsiliudongfuzhaide39%yu28%,zheiduiyuliansuoshangchaoqiyelaishuoduiyingdezhengshigongyingshangqiankuanyukehuyufuka。erzaimugongsizichanfuzhaibiaokoujingxia,yishangliangdakemujinejinwei49.84wanyuanyu1397.35wanyuan。
- *ST人乐披露今年上半年其他应收款期末余额为11.36亿元,其中11.23亿元为应收子公司往来款,欠款金额最大的子公司即为天津人人乐,金额达到3.42亿元。
近年来,*ST人乐曾多次向子公司增资,用于偿还其欠付母公司的内部资金款项。仅在2019年底,即完成控制权变更登记的第二个月,曲江文化控制的董事会通过增资方案,向深圳人人乐、成都人人乐、长沙人人乐和重庆人人乐四家全资子公司通过现金增资共计增资20.6亿元,意图直接解决子公司对母公司内部资金欠款长期挂账的历史问题。buguo,xianzaikanlai*strenledeshencengwentirengweidedaojiejue。
为实现保壳,*ST人乐正在加快其不良资产剥离步伐。jinnian5yue,*strenlejiangqichiyoudetianjinshirenrenleshangpinpeixiaoyouxiangongsi100%guquanyi2.39yiyuandejiagezhuanrangjitianjinyoudajituan,haiyi13yuandejiagebolile13jiayoujingyingmendiandezi(sun)gongsijixiangyingzhaiquan。
shangshuquanshangrenshixiangjizhebiaoshi,“xianzaiyinggaishipinsiyaobaozhuxianbimiantuishi,fouzejiubushijiandanpeihezhuandeshile。”
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