Kwimarike yemali, iinkampani ezidweliswe zithemba ukuvelisa umphumo we-1 + 1> 2 ngokufumana iimpahla eziphezulu.

Kutshanje, inkokeli ye-aluminiyam yeetoti zokuvelisa i-org yenza inyathelo elikhulu lokuthenga ukuthenga i-COFCO yolawulo lokupakisha malunga ne-5.5 yeebhiliyoni zeeyuan. Kwimeko ye-China Baowu, inkampani engumzali ye-Baosteel Packaging, umntu okhuphisana naye, la macala mabini enze uqhushululu. Ngubani onokwenza ngcono? Iziphumo azikaziwa.

Kumboniso weziphumo zonyaka ka-2023, i-org iphendule kubatyali-mali malunga nezibonelelo zebhidi, isithi, “Inkampani inamava atyebileyo kwicandelo lokudityaniswa kokupakishwa kwesinyithi kunye nokudityaniswa kokufunyanwa, ukusukela oko yaba ngumnini sabelo kwi-CoFCO Packaging, la macala mabini agcinile. intsebenziswano entle kwezoshishino.”

Kuyafaneleka ukuba uqaphele ukuba emva kwemfazwe yokuthatha i-org, ingaba kukho inkxaso yemali kunye nokuba kukho amandla okuhlawula amatyala aphezulu nawo achaphazelekayo kwihlabathi langaphandle.

Ukusukela ekupheleni korhwebo ngoJuni 11, ixabiso lesabelo se-Aoruijin laliyi-4.5 yuan, kwaye ixabiso lemarike lilonke laliyi-11.58 yeebhiliyoni zeeyuan.

Kutheni kukho idabi lokuthatha?

Ishishini lethu eliphambili kukubonelela ngezisombululo zokupakisha ezibanzi kuzo zonke iintlobo zabathengi be-FMCG. Ekupheleni kuka-2023, iimveliso zokupakisha zetsimbi kunye neenkonzo zibalelwa kwi-86.97% yengeniso yenkampani.

Ukuze udibanise ishishini eliphambili, ukwandisa abathengi abanobuchule, njl., NgoJuni 7 kulo nyaka, i-Ao Ruijin ikhuphe isicwangciso esikhulu sokuthenga i-asethi, inkampani izimisele ukubonelela ngezabelo ngexabiso lentengo ye-7.21 yeedola zaseHong Kong, kubo bonke abanini-zabelo be-CoFCO. ukupakisha umnikelo obanzi wokuzithandela onemiqathango.

Intengiselwano ifakwe kwi-6.06 yeebhiliyoni zeedola zaseHong Kong (malunga ne-5.57 yebhiliyoni ye-yuan kwinqanaba lotshintshiselwano lwamva nje). Ukuba intengiselwano igqitywe ngempumelelo, i-Oregin iya kuthatha ulawulo lokupakishwa kwe-CofCO.

Kuyaqondwa ukuba le ntengiselwano ingentla sisinikezelo sethenda yemarike, kukho ababoneleli abakhuphisanayo. Ngomhla we-6 kaDisemba, i-2023, i-China Baowu, inkampani engumzali ye-Baosteel Packaging, yasungula isithembiso esibanzi sokuthenga i-CoFCO Packaging kunye notyalo-mali olutsha lweZizwe eziManyeneyo. Ngoku, ziingcuka ezimbini ezileqa iqhekeza lenyama.
Kutheni ukupakishwa kwe-COFCO kufunwa kangaka? Isizathu esisisiseko kukuba nabani na ophumelele ulawulo uya kuba ne-advanteji yesabelo semarike kwelinye icala.

Ngokweenkcukacha ezidizwe liZiko loPhando loShishino olulindelekileyo, kwimarike yetanki eneziqwenga ezibini, isabelo semarike ye-ORG Baosteel yokupakisha, iCoFCO yokupakisha kunye neSheng Xing Holding yi-20%, 18%, 17% kunye ne-12% ngokulandelelanayo. Enye isethi yedatha ibonisa ukuba isikali sengeniso ye-org , i-CoFCO Packaging kunye ne-Baosteel packaging ngo-2023 yi-13.84 yeebhiliyoni zeeyuan, i-10.27 yeebhiliyoni zeeyuan kunye ne-7.76 yebhiliyoni ye-yuan ngokulandelelana.

China Galaxy Securities abahlalutyi baye bakhankanywa kwingxelo yophando ukuba ukuba org ngempumelelo kuzuzwe ukufunyanwa, isabelo semarike iinkonkxa ezimbini kulindeleke ukuba sisondele 40%, kwaye isabelo semarike iinkonkxa ezintathu kulindeleke ukuba kuphuculwe kakhulu, kunye nesikali. Isiphumo senkampani siya komelezwa ngakumbi.

Okwangoku, umlinganiselo wezabelo wabaninizabelo kwiCOFCO wokupakisha uthe saa, kwaye akukho mlawuli wokwenene. Ukuze kugcinwe inzuzo yesabelo semarike kwaye ugweme ukugqithiswa ngabakhuphisana nabo, i-org yakhetha ukulwa nentloko kwaye yagxininisa kwibhidi yokulawula ukupakishwa kweCoFCO.

Okulandelayo, musa ukukhupha "imfazwe yokuthatha" iqinisiwe.

Amanqaku omngcipheko emva kokufunyanwa

Kwisibhengezo, i-org ilumkise "ngomngcipheko wokupheliswa ngenxa yokusilela ukufumana imvume", "umngcipheko wokhuphiswano", "umngcipheko wokunyuka kwamatyala kwiinkampani ezidwelisiweyo" njalo njalo.

Phakathi kwabo, ilizwe langaphandle lixhalabele ngakumbi "ngemithombo yezemali" kunye "nokupheliswa" kwe-Org.

Ekupheleni kwekota yokuqala yalo nyaka, imali ye-Org yayiyi-1.427 yeebhiliyoni zeeyuan. I-cap yokurhweba malunga ne-5.57 yeebhiliyoni zeebhiliyoni, kunokubonwa ukuba inani lemali ekufuneka i-Orj ikhulise ayikho imali encinci.

I-Org ikhethe ukufumana imali kwaye ijonge ukuhlawula ixabiso letransekshini ngeemali zayo kunye neemali ezizikhulisele yona (kubandakanywa nokwenza isicelo semali-mboleko kwiibhanki).

Ngokwembono yomlinganiselo we-asethi-liability ratio, ukusuka ku-2021 ukuya ku-2023, umlinganiselo we-asethi-liability ratio yayingu-53.47%, 50.47 kunye ne-45.66%, ngokulandelanayo, ehle ngepesenti ye-7.81 yeepesenti kwiminyaka emithathu edlulileyo. Kwikota yokuqala ka-2024, i-asethi-liability ratio yayingu-44.48%, ihle nge-4.34 yepesenti yamanqaku unyaka nonyaka.
Ukusuka kwimbono yezalathi zokuhlawula ityala lexesha elifutshane, ukusuka ku-2021 ukuya ku-2023, umlinganiselo wangoku we-Oregold yi-1.069, 1.160 kunye ne-1.109, kunye nomlinganiselo okhawulezayo ngu-0.740, 0.839 kunye no-0.835, ngokulandelelana, ebonisa ukuhla kokunyuka kokuqala kunye nokuwa . Kwikota yokuqala ka-2024, umlinganiselo wangoku we-org kunye nomlinganiselo okhawulezayo wawuyi-1.137 kunye ne-0.896, kunye namaxabiso kwikota yokuqala ye-2023 yayiyi-1.227 kunye ne-0.876, ngokulandelanayo.

Ulwazi lukawonke-wonke lubonisa ukuba umlinganiselo wangoku udla ngokuthathwa ngokuba yi-2:1, kwaye umlinganiselo okhawulezayo udla ngokuthathwa ngokuba yi-1:1.

Ngaphaya koko, ekupheleni kwekota yokuqala yalo nyaka, isixa sisonke semali ebolekwayo yexesha elifutshane + amatyala angengawo angoku afanele ukuhlawulwa kunyaka omnye we-org ibe malunga ne-3.087 yeebhiliyoni zeeyuan, malunga ne-1.66 yeebhiliyoni zeeyuan ngaphezulu kweemali zemali.

Ngaphambili, i-org yayilumkisa ngomngcipheko wokuba "indlela yenkampani yokuzixhasa ngemali yokunyusa imali yentengiselwano iya kwandisa iindleko zezimali, kwaye isikali setyala lenkampani kunye nomlinganiselo we-asethi-liability uya konyuka." Ukuba intengiselwano ayikwazi ukufikelela kwintsebenziswano kunye nokuphucula ubume bemali kwixesha elikufuphi, kukho umngcipheko wokuba ukuhlawula iNkampani okwethutyana kunye nokukwazi ukuhlawula amatyala kuya kuchaphazeleka kakubi.

Siza kuqhubeka nokubukela ukuba le ntengiselwano ye-org ingaphunyezwa ngempumelelo na.

Erjin Packagingibisoloko igcina intsebenziswano kunye neefektri ezintathu ezinkulu zesinyithi eTshayina iminyaka eli-15, ibonelela abathengi kwihlabathi liphela ngesinyithi inokupakisha uyilo kunye neenkonzo zemveliso, iinkqubo ezahlukeneyo zoshicilelo, kunye neenkonzo zesampulu zenkxaso.