What is the impact of Farson's asset replacement on the company?

There are many speculations about the poor profitability of pipe companies. Among them, because Zhongtian Technology, Hengtong Optoelectronics, Fiberhome Communications and other domestic listed companies have been producing optical fiber preforms (including optical fibers) on a large scale, the market competition is fierce, so the profitability of the industry is relatively lacking. The asset replacement of Falsheng's major shareholders is considered by many analysts as a good capital operation.

The replaced BBAP Company (Bekaert) was established in June 2008, and Jiangsu Farsheng Hongsheng Group Co., Ltd. holds 10% equity, and Bekaert Special Wire Products Hong Kong Co., Ltd. holds 90% equity. The main business scope is to produce, develop and process superhard composite wear-resistant cutting wires, semi-finished tire steel cords and bead wires for rubber tire reinforcement, and provide related technologies and supporting services. 20 10 has an operating income of 9 184 19700 yuan and a net profit of 402,702,800 yuan. As of September 30, 20 1 1 year, the company's total assets were1478,985,700 yuan and its net assets were 563,753,400 yuan. 20 1 1 1 By September, the company had achieved an operating income of 962.5754 million yuan and a net profit of 299.4653 million yuan.

In addition, Guangtong Company has related transactions with Jiangsu Farsheng Photonics Co., Ltd., a subsidiary of Farsheng Hongsheng Group. After asset replacement, related party transactions will be solved, which is very beneficial to the development of Falsheng.

Farsheng signed the Letter of Intent for Asset Replacement with the controlling shareholder Jiangsu Farsheng Hongsheng Group Co., Ltd., and it is expected that the asset restructuring will be carried out in an orderly manner in the near future. At present, Fasen's share price in the secondary market is around 5.2 yuan. Many analysts predict that Fasen's income at the end of the year is ideal, and the target price can reach above 6 yuan.

Personally, I am more optimistic about this purchase replacement. I will buy Falsheng in the whole warehouse below 6 yuan. Trust me, hehe.