the second steelmaking plant

Wen Liang Yu Shenzhen reported to suspend business for over a year of Shougang shares (000959 valuation, assessment, quotes swtor power leveling, news, the major trading), finally achieved success in the week to restructure and resume trading. However, the resumption of trading of Shougang shares not only failed to usher after rose, but mired in the crazy fled to decrease in many bodies, as well as in the top ten brokers collective head of State。 Main production forced to restructure as old iron and steel enterprises, Shougang shares was afraid to compliment of business in recent years. In the period from 2008 to 2010, the company first to ensure that the environmental quality in Beijing, commitments honoured during the Olympic Games limited production, and at the end of last year, located in the Shijingshan district of Beijing's production systems such as smelting, hot-rolling capacity of the factory suffered a comprehensiveDiscontinued, leaving only the first cold-rolled wire rod plant of Shougang company. In addition, according to the State Council issued by the Beijing municipal urban master plan (2004-2020), as well as the relocation of Shougang implementation, of national development and Reform Commission, structural adjustment and the reply of the relevant provisions of the environmental governance programme, Shougang shares retained by the first wire mill in 2012 will also stop production. As of 2010, December 31, Shijingshan plant of Shougang shares has been discontinued and the forthcoming discontinuation of the first wire rod plant of iron and steel production system, its annual production capacity to 3.19 million tons of pig iron, steel, 3.3 million tons of 2.4 million tons of steel. At the same time, investment holding and shares other than the main business of Shougang shares 7 companies, Shougang Ka Wah Fu Road, Homestead and Shougang had been previously discontinued shadowRing. Since 2008, events, such as the Olympic and environmental protection policy under the influence of, performance of Shougang shares continued to drop. Period from 2008 to 2010, the company revenues to $ 24.513 billion, respectively $ 22.788 billion and $ the old republic power leveling, net earnings of $ 354 million, $ 304 million respectively and 2. $ 3.2 billion. Main business comprehensive subject, desperation Shougang shares was announced in late October last year of business for planned restructuring. However, many investors did not expect is that they hold is exactly one year's time. Successful restructuring agency flight on November 19, Shougang shares announced a restructuring plan. Subsidiary of the company for the assets of oil refiningIron factory, coke plant, the second steelmaking plant, high speed wire rod plant, the first wire rod plant of all assets and liabilities, and the company held by Beijing Shougang Ka Wah Fu Road, building materials Co Ltd, Beijing Shougang company limited color-coated plate all buy their shares as assets, and Shougang Corporation subsidiary Shougang Qian ' an iron and steel co, Ltd in Hebei province to exchange all relevant asset. In accordance with the relevantStructure assessment, Shougang shares placed the assets section at the end of last year, estimates about $ 5.3 billion provided in accordance with the going concern, and this reorganization involves disarmament in advance of the land-lease contracts Shougang Shougang shares in the amount of compensation is expected to be about $ 1 billion, Qian ' an iron and steel into assets valued at about $ 18 billion, the difference will be in Shougang shares to 4.29Yuan/unit price to the Shougang Corporation expects no more than 3 billion shares shares issued as consideration. Shougang shares also promised that within 3 years after completion of the reorganization of the injected Shougang subsidiaries Shougang mining company shares will be driven. Is the 3-year period into mining company's commitment, expressed serious dissatisfaction for many investors. Last Monday, a successful reorganisation of Shougang shares, in compoundShares suffered after continuous tumbling. First day of the resumption of the "a" glyph fell, fell again in the next day, final or 9.77%. From the Shenzhen Stock Exchange announced trading one spy too many circumstances, many institutions in Shougang shares resume trading began after mad ran away, first day of the resumption of 3 institutions among the top three selling amount total amount sold for 8373.55Million; Tuesday, more institutions joined the ranks of flight, a total of 4 institutions selling list, together sold amounting to $ 62.5891 million. Reporters learned from a securities company, Shougang suspension of trading this year, listed companies related to the overall performance of iron and steel plates are in decline, iron and steel sector's performance on the secondary market are falling fastestOne of the "book has severe atrophy of many companies, on average about 1 time times, even up to 8 times, Shougang shares cannot always stronger than the LF, and make up fall is inevitable. "Future prospects are not good in Shougang shares after the announced restructuring plans, other than a massive flight of the institutions, brokerages are collectively gave poor reviews. Includes EMC Corporation, Cathay Pacific monarchAnn, United 10, huatai securities without exception are given "neutral" rating. Even brokerages admits, "the report is still in fact written by a more moderate, did not actually predict their share prices. "Shougang shares the restructuring successful company, but is now in a" push the wall is not, first of all "embarrassment, investors said Shougang shares suspendedIn the course of constant commitment, eventually iron mine injection is not coming in, could the confidence in his commitment to wait 3 years? After multiple analysts interviewed by reporter learned that, Qian ' an iron and steel as the place of reorganizing assets, its main business is not to be optimistic about in the industry. Qian ' an iron and steel production is class of sheet products, most of these products are used in machinery, appliances and vehiclesThey now are shrinking, and that this shrinking trend is global. Far more promising building materials products, although shrinking, but is better than Qian ' an iron and steel. Even a small number of analysts also believe that the mineral class suffered a stir on the secondary market this year, if the Shougang can directly into iron ore may also be some interesting, but onto the 3Years later completely hopeless. On the current trends of the global economy as a whole, the industry generally believe that iron ore will decline next year $ 20-25, and next 3-5 year as a whole are in a downward trend, can really do so even Shougang shares as promised, the successful injection of iron ore in 3 years, the hype themes are far from, coupled with the market downturn, decliningHas become inevitable. QA Q= A= of the Huaxia finance sinolink securities analyst Q Wang China iron and steel industry: restructuring success do you think the Shougang shares suffered what is the root cause of the fall? A: there are two main areas, a mend fell, other mining assets failed to inject project worse than expected. Shougang steel assets continued nearly two years to earn, moveAnyang iron and steel is the rare company, injected Qian ' an iron and steel is within the expected, but as today's profits more lucrative ore assets, but 3 years later another injection, lag too serious, also contributed to the investors are not the main reason for paying. Q: Qian ' an iron and steel of the qualification of what do you think? A: asset of this place and put out estimates were 53Million and $ 18 billion, and late in the middle of 2011 has a net worth of $ 4.667 billion and $ respectively, equivalent to the net assets valued at $ 12.7 billion injections, 2011 medium term end net assets of $ 125.89, corresponding to book value at 1.009 times times, taking into account the State-owned enterprise assets into PB cannot be less than 1, So the book close to the valuation of the assets into the lower limit, but compared to the present Hebei iron and steel, Baosteel, shares, angang steel in WISCO 0.69 per cent times the book value, the company's asset/book valuations placed NET doesn't come cheap. Q: injected iron ore companies have committed to the future, what do you think about the future? A:3 years is too long,Who's to say clearly. If I have to ask whether it has investment value, I would say so, but there is still only a. 　　More than 3 years in the investment value of listed companies, and certainly better than Shougang shares, no less, does not necessarily have to iron ore choose 3 years of waiting. Gold-line statement: Gold-line reproduced above, does not indicate that confirm the description for investor use only, andDoes not constitute investment advice. Investor actions accordingly, and at your own risk.