What does Wuliangye, which has a market value of more than one trillion yuan, do besides selling alcohol?

  A few days ago, Sichuan Yibin City Commercial Bank (hereinafter referred to as "Yibin Commercial Bank") completed the industrial and commercial change, and its registered capital increased significantly from 1.386 billion yuan to 2.822 billion yuan.

Among them, Wuliangye Group (000858) increased its shareholding to 564 million shares through participation in capital increase and transfer, accounting for 19.99% of the bank's total share capital, and was promoted to the largest shareholder.

Prior to this, the bank's largest shareholder was Tianfeng Securities.

In addition, Wuliangye Group is also the fourth largest shareholder of Bank of Sichuan.

  In addition to entering the financial field, the "not bad" Wuliangye Group not only spent 2.5 billion yuan to build cars, but also the controlling shareholder and actual controller of Yibin Paper (600793.SH).

The stock has enjoyed great success in the secondary market recently. Since January 6, it has closed 9 consecutive daily limit.

On January 18, Yibin Paper closed at 19.33 yuan, the daily limit again, and the stock price more than doubled.

  Owned Yibin City Commercial Bank

  Still the fourth largest shareholder of Sichuan Bank

  It is understood that the Yibin City Finance Bureau, Yibin City’s Cuiping District Finance Bureau, and Yibin City’s Nanxi District Finance Bureau have increased their holdings of approximately 1.437 billion additional shares this time, obtaining 82% of the capital increase of Yibin Commercial Bank. %, Yibin City Finance Bureau also individually transferred about 94.22 million shares of the bank.

In addition to the original holdings, after the completion of the increase and transfer, the aforementioned three local financial shareholders respectively hold 19.98%, 19.24% and 8.12% of the total share capital of Yibin Commercial Bank after the capital increase and share expansion.

  Wuliangye Group, the bank’s second-largest shareholder, bought approximately 152 million shares this time and received approximately 230 million shares from the bank.

After the increase and transfer, Wuliangye Group holds a total of 564 million shares of Yibin Commercial Bank, accounting for 19.99% of the bank's latest total share capital, and is promoted to the largest shareholder.

  Tianfeng Securities, the bank's former largest shareholder, did not participate in the capital increase.

However, the company's related party Wuhan Tianying Investment Group won about 107 million capital increase shares. Together with the shares held by Tianfeng Securities, the two combined hold about 309 million shares of Yibin Commercial Bank, accounting for 10.95% of the bank's total equity.

  Public information shows that Yibin City Commercial Bank was established in December 2006 and is a local city commercial bank restructured and established by Yibin City Credit Cooperative.

The bank’s assets are relatively small. As of the end of the first quarter of 2020, the total assets of Yibin City Commercial Bank are only 38.442 billion yuan.

  In addition to Yibin City Commercial Bank, Wuliangye Group also appeared in the shareholder lineup of Bank of Sichuan that opened in November last year.

According to the recent approval by the Sichuan Banking and Insurance Regulatory Bureau on the qualifications of shareholders of Sichuan Bank, Wuliangye Group holds 5.5% of the shares of Sichuan Bank and is the bank's fourth largest shareholder.

  Holding Yibin Paper

  The stock has recently "unlimited scenery"

  In addition to Yibin Commercial Bank, Wuliangye Group is also the controlling shareholder and actual controller of Yibin Paper.

In 1998, Wuliangye Group became a shareholder of Yibin Paper, and it has been 23 years.

However, since its listing, Yibin Paper's cumulative cash dividend has only been 5.27 million yuan.

  Yibin Paper's main business is pulp and paper, involving the production and sales of food packaging base paper, household paper base paper and deep processing. It is one of the large domestic food packaging base paper and household paper manufacturers and a packaging manufacturer of Wuliangye.

  In October 2017, Yibin State-owned Company transferred all shares of Yibin Paper held by it to Wuliangye Group for free.

Wuliangye Group holds 53.84% of the shares and becomes the controlling shareholder of Yibin Paper.

At that time, market analysis believed that Wuliangye could not rule out the possibility of reorganizing Yibin Paper's assets, injecting some unlisted assets into it, or acquiring and integrating other companies with Yibin Paper.

  However, Wuliangye Group has not conducted any substantial restructuring of Yibin Paper.

In an interview with "21st Century Business Herald", Mr. Xiao, the office of the board of directors of Wuliangye Group, said that the reorganization was only the original intention, and the reorganization has not been carried out because Wuliangye’s own development needs are already many. First of all, we must do our own business. Energy to reorganize Yibin Paper."

  Since January 6, Yibin Paper has closed 9 consecutive daily limit.

On January 18, Yibin Paper closed at 19.33 yuan, the daily limit again, and the stock price more than doubled from 8.2 yuan on January 5.

However, the Red Star Capital Bureau noted that there is no actual performance support behind this, and the company does not have any positive major events.

  On the evening of January 12, Yibin Paper's performance forecast showed that it is expected to lose 98 million yuan in 2020.

This is the company's second loss after the loss of 90.21 million yuan after the deduction of non-profits in 2019.

  On the evening of January 13, Yibin Paper announced that its controlling shareholder Wuliangye Group stated in its reply to the "Stock Transition Inquiry Letter" that the group had not planned mergers and acquisitions, share issuances, debt restructuring, business restructuring, etc. related to Yibin Paper. Major issues such as asset divestiture and asset injection.

  "Not bad money"

  I bought a BMW engine and built a car

  On January 8, Wuliangye disclosed its main performance data for 2020.

The company not only achieved the double-digit revenue growth target set at the beginning of the year, but also successfully exceeded one trillion yuan in total market value.

  As of January 18, Wuliangye closed at 284.55 yuan per share, with a total market value of 11.04.51 billion yuan.

  According to the announcement, in 2020, Wuliangye expects its operating income to be approximately 57.2 billion yuan, a year-on-year increase of 14%; net profit attributable to shareholders of listed companies is approximately 19.9 billion yuan, a year-on-year increase of 14%.

  In recent years, Wuliangye's revenue and profits have maintained sustained and rapid growth.

From 2017 to 2019, the company's operating income was 30.187 billion yuan, 40.03 billion yuan, and 50.118 billion yuan; net profits were 9.674 billion yuan, 13.384 billion yuan, and 17.402 billion yuan.

  Wuliangye, which is "not bad for money", is still trying to build a car.

  In 2017, Wuliangye Group participated in the purchase of BMW's three-cylinder engine technology and production equipment through Xinchen Power.

  In 2018, Wuliangye invested about 2.5 billion yuan in a stake in Kaiyi Automobile, accounting for 51% of the shares and became the largest shareholder of Kaiyi Automobile. Kaiyi Automobile was renamed from Wuhu Kaiyi Automobile Co., Ltd. to Yibin Kaiyi Automobile Co., Ltd.

In order to develop new models, Wuliangye Group rebuilt the Kaiyi Smart Factory in Yibin City, Sichuan Province.

  In 2020, Wuliangye launched its first new car after entering Kaiyi Automobile. This is a compact SUV named "Xuanjie" with a price range of 53,900-79,900.

  Chengdu Commercial Daily-Red Star News reporter Wu Danruo