On-site event on the theme “The problem of small areas of the physical industry is resolved with heart and mind”

Over 50 delegates went to the 12345 hotline platform

Hearing with 12345 helpline platform, real-time telephony experience … During this immersion experience, more than 50 representatives, including heads of government departments, staff and property companies, went to the 12345 hotline listening centre to gain insight into the exploration and practice of the 12345 hotline platform.

“After more than 30 years of development, the 12345 hotline has been integrated by a single telephone listening centre into social claim centres, disposal control centres, data analysis centres and real-time knowledge early warning centres.” Representatives were briefed by the staff of the Office of Networking Services on the implementation of the hotline system integration reform since September 2021 in all 12345 hotlines, exploring the establishment of a call for quick disposal programme, the innovative integrated business service platform, “12345 off-line”, a key to the people.

“What questions the owner has reflected?” At the site of the event, staff demonstrated to delegates a 12345 hotline data analysis platform, and a number of heads of property companies offered to look at complaints involving their own businesses and the small areas they served. It is clear that the keywords are opened and that the claimant, the classification of claims, the addressee and the telephone content are well known.

The Secretary-General of the Association for the Management of Urban Property told the press strongly that “The Association will then be proactive in linking the 12345 hotline platform, establishing mechanisms for information-sharing and problem-sharing, and conducting information counselling and business training links. The Association will also make full use of the industry self-regulatory work mechanism to conduct industry interviews with property enterprises with more complaints from the 12345 hotline, less timely and low popular satisfaction.”

Hearing hotline

Department of Housing: periodic review of complaints data will be conducted

“However, please ask whether your staff have approached you in connection with the issues that you have previously reflected?” At the 12345 Hotline listening centre, wiretakers wear wires and ask questions carefully.

On the other hand, delegates drew their ears to listen carefully. The “Disability Grant” section 80, “The cost of the courses is not met, requests are processed”, and delegates write the next keyword in the note, and they listen to the site by telephone to gain further insight into the work of the hotline 12345.

“The organization’s business enterprises are moving into 12345 hotlines for listening, which can further help industry businesses to resolve the small areas that are reflected by the population within the shortest time frame of discovery, early warning, disposal, feedback and responsibility.” The Chief of the Property Management Service of the Department of Urban Settlements informed journalists that, at present, the Bureau of Urbanization had set up two types of complaints over the line, establishing a permanent mechanism for dealing with the small areas of property in a deliberate and immediate manner and dealing with the small areas reflected by the population.

“In the next step, the Urban Institute will also set up a channel for information-sharing with the 12345 hotline, and the Urban Centre platform will regularly conduct a round-up analysis of complaints data from all 12345 hotlines, messenger visits etc.”.

Field of antitrust activities

In addition, the event organized a thematic sharing and symposia on the theme “Pall-and-thinking solutions to small areas”. At the Colloquium, the Officer-in-Charge of the Urban Institute presented the development of a long-lasting mechanism to resolve the problem of small areas with care and urgency, while the representatives of the relevant property companies took part in a learning repair on the AP 12345 platform.

The Officer-in-Charge of the Inter-Parliamentary Network indicated that “a 12345 hotline, linking public claims and business claims, has two special classes. This year, 12345 home-lines have been launched in urban areas to better serve businesses and stimulate market dynamics through precision services, proactive services, front-line services. In the future, we will further provide power- and temperature-based services for entrepreneurship.”

Mangrove journalists

On the evening of May 10, Luchang Technology (002813. SZ) issued three announcements in a row, and seven directors, supervisors and senior executives resigned. According to the announcement, chairman Zhang zongtao, directors Zhu junbing and Peng Nan, chairman Chen Shoufeng of the board of supervisors, supervisor Yang Chengsong, senior executives Zhu Yuguang and Jiang Fucai all resigned. Among them, Zhang zongtao, Peng Nan, Chen Shoufeng, Yang Chengsong, Zhu Yuguang and Jiang Fucai still hold Luchang technology shares.

In February this year, Guo Xiumei, the former controlling shareholder and actual controller of Luchang technology, and his spouse Zhu Shucheng reached a transaction with Zoomlion. Zoomlion transferred 35.988 million shares of Luchang technology held by Guo Xiumei, accounting for 29.99% of the total share capital. The transfer price per share is 21.67 yuan, and the total transfer price is about 780 million yuan. Meanwhile, Guo Xiumei gave up the voting rights of the remaining 42999690 shares. Zoomlion has become the controlling shareholder of Luchang technology with the largest single share of voting rights.

At the end of March, Zoomlion wanted to go further and issued a tender offer. Finally, there were 6 accounts, with a total of 28596750 shares, which accepted the offer of the acquirer Zoomlion. After the completion of the tender offer, Zoomlion held 6458.40 shares in total, accounting for 53.82% of the total share capital, becoming the absolute controlling shareholder.

The reporter of times weekly sent a letter to the Board Secretary Office of circuit Chang Technology. The relevant staff said, “Dong Jiangao resigned partly because of work adjustment and partly for personal reasons. The company will arrange by election as soon as possible within the specified time.”

Luchang technology said on the interactive platform that according to the needs of major shareholders for the company’s future development plan and the actual situation of the company’s operation and management, the original directors, supervisors and senior management will be re nominated and adjusted, which is the normal procedure after the change of major shareholders of most listed companies. Most of the adjustments of directors, supervisors and senior managers are changes in positions, which will not affect the company’s daily operation and management. The company’s team is stable and the operation is normal.

Hao threw 780 million yuan to buy a shell?

Due to the small circulation market value and low degree of attention, Luchang technology once became a demon stock and was attracted by all kinds of hot money.

Zoomlion is mainly engaged in the R & D, manufacturing, sales and service of construction machinery and agricultural machinery. Construction machinery is a high-tech barrier, capital and labor-intensive industry. Coupled with the acceleration of domestic substitution and the easing of Industrial Cycle Volatility in recent years, Zoomlion’s performance remains stable.

In 2021, Zoomlion achieved a revenue of 67.131 billion yuan, a year-on-year increase of 3.11%; The net profit attributable to the parent company was 6.270 billion yuan, a year-on-year decrease of 13.88%. Among them, the annual sales revenue of construction machinery products was 63.523 billion yuan, a year-on-year increase of 3.49%.

Luchang technology has been listed for only three times in six years. It is mainly engaged in the development, production, sales and services of automotive informatization, intellectualization and intelligent travel related products. At the same time, the company’s subsidiaries have also invested in the research and development of intelligent driving and driverless solutions, intelligent travel solutions and other products, and invested and carried out business in the field of new materials.

In 2021, Luchang technology achieved a revenue of 410 million yuan, a year-on-year decrease of 16.71%; The net profit attributable to the parent company was 5.2441 million yuan, a year-on-year decrease of 93.38%; The net profit deducted from non parent company is -5.8115 million yuan, less than the loss of 90.41 million yuan in 2020.

Photo source: Luchang technology official website

Zoomlion said in the acquisition announcement that this transaction will help give full play to the business synergy between the company and Luchang technology in the future and improve the business expansion ability and competitive strength of both sides. Zoomlion also said that the purpose of the transaction is not to terminate the listing status of Luchang technology.

The reporter of times weekly combed the financial report of Luchang technology and found that since its listing in October 2016, Luchang technology has realized the deduction of non net profit of 15.67 million yuan in 2017 only, and the deduction of non net profit in other years is a loss.

Market participants believe that Zoomlion’s business collaboration is only a representation, and perhaps buying a shell is the purpose. On the acquisition of Luchang technology, the reporter of times weekly also called the board secretary office and relevant senior management of Zoomlion, and no one answered as of press time.

The purpose of the acquisition is different

According to the 2021 annual report of Luchang technology, in 2022, the company introduced the new shareholder Zoomlion, which has the ability to increase the investment in technological innovation and application innovation, increase the new business direction of commercial vehicle intelligence, and focus on the sub products of image intelligent electric vehicles.

However, the reporter of the times weekly found that the performance of both sides is betting on Nanyang Changfeng New Material Technology Co., Ltd. (hereinafter referred to as “Nanyang Changfeng”), a wholly-owned subsidiary of Luchang technology.

The acquisition announcement shows that Nanyang Changfeng needs the audited consolidated statements in 2022, 2023 and 2024, and the total net profit attributable to the owner of the parent company shall not be less than 25 million yuan to complete the performance assessment.

Nanyang Changfeng was established in 2018 and invested nearly 100 million yuan to build a new environmental protection material project of ultra-fine powder of metallurgical waste residue. The main product is ultra-fine slag powder. Although Nanyang Changfeng is not closely related to the main business of Luchang technology, it does not prevent Nanyang Changfeng from becoming a “cash cow” of Luchang technology.

Since 2019, Luyang technology has become the only profitable subsidiary of Luyang technology. From 2019 to 2021, Nanyang Changfeng achieved net profits of 11.4923 million yuan, 35.7813 million yuan and 38.9754 million yuan respectively. According to this development trend, Nanyang Changfeng can easily pass the performance appraisal.

The acquisition announcement also sets performance targets for Luchang technology’s automotive electronics business. All parties promise to promote the total audited revenue of Luchang technology’s automotive electronics business in each year during the performance evaluation period to be no less than 150 million yuan, and the total net profit attributable to the owner of the parent company in the audited consolidated statements is no less than the total net profit attributable to the parent company in the audited consolidated statements of the target company in 2021.

Since Luchang technology’s business is divided into automobile intelligent business and metallurgical waste slag ultra-fine powder environmental protection new material business, according to Luchang technology’s total operating revenue of 410 million yuan in 2021 and Nanyang Changfeng’s operating revenue of 204 million yuan in 2021, Luchang technology’s automobile intelligent business revenue is about 206 million yuan. This means that the performance target can be easily achieved as long as the revenue of Luchang technology’s automobile intelligent business does not decline significantly in the next three years.

Zoomlion said in the announcement that