13. 0. 5 billion sell lighting business! Is qinshang's full-scale transformation education satisfactory?1

Qinshang shares announced on the evening of October 25 that the company plans to sell 90 shares of xinqinshang, a holding subsidiary, 1350 million shares of qinshang semiconductor and 30 shares of Jiangxi qinshang, 30 shares of Anhui qinshang and raffles to related party Huang Zhiyong at a preliminary price of 100 yuan. optoelectronics 30 equity, Anhui bangdaqin 25 equity, Fujian qinshang shares announced on the evening of October 25, the company plans to sell 90 shares of xinqinshang, a holding subsidiary, 1350 million shares of qinshang semiconductor and 30 shares of Jiangxi qinshang, 30 shares of Anhui qinshang and raffles to related party Huang Zhiyong at a preliminary price of 100 yuan. optoelectronics 30 equity, Anhui bangdaqin 25 equity, Fujian guoce Optoelectronics 20 equity, Jiangsu Shangming 13. 33 equity, Hui Yu Tongxin 4. 67 equity, Zhongke semiconductor 3. 75 equity, Huang Zhiyong paid the transaction consideration in cash. Gao Gong LED was informed that this transaction constitutes a major asset restructuring. The relevant indicators of this transaction are calculated as follows: Note: When calculating the proportion of financial indicators, the total assets, net assets and operating income of qinshang shares are all taken from the audited consolidated financial statements of listed companies in 2016. the total assets, net assets and operating income of the assets to be sold are all taken from the unaudited financial statements of Xinqin and qinshang Semiconductor in 2016, and the net assets are the net assets attributable to the shareholders of the parent company. It is understood that the transaction partner of this asset sale is Mr. Huang Zhiyong. Mr. Huang Zhiyong is the person in charge of a branch. He is the brother-in-law of Mr. Li Xuliang, the actual controller of the company. His spouse, Ms. Li Shuxian, holds a listed company. 65 shares. Before this transaction, qinshang shares were transferred to internal assets, and Xinqin undertook the company's semiconductor lighting business. In recent years, due to the influence of macro-economy and weak growth of semiconductor lighting industry, the operating income, operating gross profit and operating profit of qinshang semiconductor lighting business have all shown a downward trend. According to the unaudited simulated consolidated financial statements of the first phase of the last two years, 2015, 2016 and 2017 1- In April, the operating income of semiconductor lighting business was 73,292 respectively. 620 thousand yuan, 58,332. 250 thousand yuan, 18,411. 950 thousand yuan, with operating gross profit of 20,876 respectively. 440 thousand yuan, 17,734. 360 thousand yuan, 6,693. 20 thousand yuan, operating profit was 9. 450 thousand yuan, 804. 620 thousand yuan,-1,663. RMB 830 thousand. The continuous decline in the operating performance of qinshang semiconductor lighting business has seriously affected the company's profitability and restricted the future development space. Through this transaction, qinshang shares will withdraw from the semiconductor lighting business, and the main business will change greatly. In the future, qinshang shares will further increase the layout of education business, realize business transformation, and enhance the industry competitiveness, profitability and corporate value of listed companies through the acquisition of high-quality assets related to the education service industry. Before this transaction, qinshang stock has entered the field of education through a series of investment mergers and acquisitions such as the acquisition of 100 equity of Guangzhou Longwen, and further increased the strategic deployment in the field of private education. launched a series of acquisitions: signed the Framework Agreement of asset transfer with the shareholders of Liuzhou Little Red Riding Hood education Investment Consulting Co. , Ltd. signed the Memorandum of capital increase/acquisition with shareholders of Beijing Aotu Education Consulting Co. , Ltd. and Changsha Siqi Education Consulting Co. , Ltd. , and signed relevant investment agreements with relevant parties of Aidi education group. at the beginning of 2017, it completed the acquisition of Shenzhen Yinglun Education Industry Co. , Ltd. Qinshang shares said that this transaction is an important strategic measure for the company to further deepen the adjustment of industrial structure and accelerate the pace of transforming education business. Industry insiders hold different views and attitudes on the withdrawal of qinshang shares from the semiconductor lighting business and the transformation of education. Chen Hao, R & D director of the Foshan branch of Jiuyu group, told Gao Gong LED that due to the macro economy and the weak growth of the semiconductor lighting industry, the operating gross profit and operating profit of the lighting industry showed a downward trend. The prospect of lighting enterprises that do not master core technologies will become narrower and narrower, which will also restrict the company's future development space. Only by mastering core technologies, focusing, relying on core technologies and carrying out subversive innovations can enterprises be made bigger and stronger. The industries with money are medical treatment and education, and the field of education should be laid out frequently at the right time to gain more profit growth points for enterprises. Chen Hao said. However, some people in the industry have questioned the move. An industry insider who did not want to be named said: the sale of semiconductor lighting business by qinshang shares reflects the company's lack of competitiveness in this field. The lighting industry stocks are transformed into education and are involved in completely unfamiliar Fields. The pressure and challenges in the future will not be smaller than those in the LED industry. The prospect is worrying!