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Petrochina cut off bad assets paves the way for mix change and specialized restructuring
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- Time of issue:2020-03-31 14:57
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Petrochina cut off bad assets paves the way for mix change and specialized restructuring
- Categories:Industry News
- Author:
- Origin:
- Time of issue:2020-03-31 14:57
- Views:
In the state change under the background of accelerating, oil began to frequent stripping non-performing assets.
On March 15, petrochina again for transfer of the two companies, this is the second time this year the transfer of assets.
Since last year, petrochina has to sell its loss-making companies to slim down. At the same time, petrochina will also finance and engineering construction of two pieces of high quality assets into the listed companies.
The industry believes that the oil is clean up toxic assets, is in order to optimize the assets structure and mixed to prepare for the next stage, to carry on specialized high-quality assets reorganization and change will be a swimmer in oil this year.
Frequent stripping non-performing assets
The reporter understands, on March 15, the oil in the China Beijing equity exchange listed two subsidiaries all the transfer of equity.
Can the two listed companies respectively in chengdu, the development of science and technology co., LTD. (hereinafter referred to as can chengdu science and technology), chengdu day oil and gas engineering co., LTD. (hereinafter referred to as the chengdu day).
Listed on the data shows, can chengdu science and technology was founded in 2002, mainly engaged in production and sales of chemical products and provide technical services. Company 2015 annual business income is 176 million yuan, net profit of 12.9559 million yuan, with a net worth of $107 million.
In addition, the day of chengdu branch was established in 1993, oil and gas (offshore oil industry (oil and gas processing, field ground, pipeline) professional serie b, can be engaged in the corresponding construction engineering general contracting business and project management, etc. Company in 2015 operating income of 23.6722 million yuan, net profit of 1.6173 million yuan.
This is not the oil for the first time this year on transfer of assets.
In early February, petrochina subsidiary in Beijing property right transaction so the price of 150 million yuan for transfer energy technology co., LTD. 48% stake in Beijing central Asian era.
Learned, central Asia times energy company was established in 2009, the registered capital of 40 million yuan, mainly engaged in technology development, technology consulting, etc.
Era of financial data, according to central Asian energy in 2015 operating income of 299 million yuan, net profit of 10.7804 million yuan, total assets of 211 million yuan. As of October 31, 2016, the company's operating income of 133 million yuan, net profit of 2.366 million yuan, total assets of 224 million yuan, 74.9727 million yuan of the owner's equities.
Is not hard to find, in the oil transfer of the above three companies are more general profitability.
, according to the announcement of the oil transfer the assets of the main basis for its "on daqing oilfield co., LTD. 49 units such as compression scheme for layers of management to reduce legal number of approval".
According to reporter understanding, in October 2016, petrochina reform package, the general headquarters/departments, and adjust in the early foreign cooperation, on the basis of 1 can be reduce, cancel the professional branch 1, amount of authority personnel and office synchronous reduce 20%, that is reduced and the reduction of institutions simultaneously.
Including the loss of business special projects, "zombie" companies disposal and strands enterprise special projects, compressed layers of management to reduce corporate number three specific work.
Oil and gas mainly concentrated to mix to pave the way
In fact, since last year, petrochina has been frequently sell toxic assets.
In march of last year, petrochina specifically introduced the in-depth development of continuous open source throttling authors work efficiency measures of opinions ", the rein to the losses of enterprises "blood transfusion" invalid, exit, shut down all the year round loss, turnround hopeless, business of global resource allocation cannot produce benefits, speed up the "zombie" companies restructuring integration or withdraw from the market.
Then, petrochina began to intense activity, clear its profit ability is not strong.
On April 6, 2016, petrochina will held by nanjing kunlun gas co., LTD. 51% of shares traded, listed price 15.3 million yuan. On May 12, petrochina will transfer of zhuzhou kunlun gas co., LTD. 51% stake, listed price 10.2 million yuan; On May 30, 51% stake in oil and listing transfer yueyang gas company, listed price 10.2 million yuan.
Among them, the nanjing kunlun gas company business basically stopped, but it is still at a loss, its operating income in 2015 to zero, the profit for the loss of 32700 yuan; Zhuzhou kunlun gas company revenue of 1.2531 million yuan in 2015, a net loss of 6.5983 million yuan. Yueyang gas company operating income in 2015 was only 2015 yuan, net loss of 1.3852 million yuan.
Since 2014, due to the upstream oil and gas in the oil business is concentrated, and therefore are greatly influenced by low oil prices, it also reversed transmission oil constantly selling bad assets in thin body, in order to improve efficiency.
At the same time, it is worth noting that this year the focus of the reform of state-owned enterprises should continue to promote mergers and reorganization of central enterprises, further prominent main business, develop and expand its main business. Strongly compressed management level, reduce legal entity number, and constantly improve the quality of enterprise operation and efficiency.
Chansons capital executive director Shen Meng told reporters that petrochina previously due to the problem of individual leadership, hides a lot of problems. Now it is constantly clean up toxic assets, optimize the assets structure, mixed to prepare for the next stage. As the big four Banks for overseas listing, stripping bad debts.
"Oil mix change in focus or the introduction of social capital as a small shareholders." Shen Meng said said.
In January this year, the national development and reform commission issued the "oil development much starker choices-and graver consequences-in planning", points out that has the condition of oil and gas companies are encouraged to develop diversified equity and various kinds of mixed ownership, to promote state-owned oil and gas enterprise engineering technology, engineering, construction and equipment manufacturing and other professional restructuring their business.
Petrochina had already to the financial sector and construction sectors respectively injected medium oil capital and medium oil projects.
The industry believes that the government work report last week again to deepen the mixed change, make substantive progress in the oil industry, to carry on specialized high-quality assets reorganization and change will be a swimmer in oil this year.
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