Midea Electric announced a notice tonight that Midea Group intends to use the exchange of shares to absorb the United States' electrical appliances to achieve the overall listing. Midea Group issued A shares, and the shares were exchanged to absorb the United States' electrical appliances. Midea’s legal person qualification will be written off, and Midea Group will be the surviving company. Midea Electric announced a notice tonight that Midea Group intends to use the exchange of shares to absorb the United States' electrical appliances to achieve the overall listing. Midea Group issued A shares, and the shares were exchanged to absorb the United States' electrical appliances. Midea’s legal person qualification will be written off, and Midea Group will be the surviving company. Extraction non return valve also named as quick close non return valve which installed on the pipeline of steam turbine hgih pressure cylinder exhaust or each exhaust ID to protect turbine set from load shedding or opertaion failure. Extraction quick closing Check Valve installed in the main turbine extraction steam piping, steam turbine emergency shut-off when this valve to prevent steam and condensate piping systems back cause damage to the turbine . Reliable cutoff pipeline protection system security. Extraction non return valve we provided with swing disc check valve type and operated by pneumatic actuator. The valve will be quick colsed by pneumtic actuator when emergency happened within 0.5 second. Valve size is from 4" to 48" matching with pressure from class 150 to class 2500. Extraction Non Return Valve,Non Return Valve,Extraction Check Valve,Lift Check Valve Yongjia South Trading Co.,Ltd , https://www.n-lvalve.com
The plan shows that Midea Group's issue price is 44.56 yuan / share. Midea's electric appliance conversion price is 15.96 yuan / share, based on the average transaction price of 9.46 yuan / share on the announcement date, a premium of 68.71%. The conversion ratio is 0.3582:1, that is, each share of Midea Electric Appliances can be exchanged for 0.3582 US Midea Group issued shares.
It is reported that Midea Group intends to list assets including small household appliances business, motor business and logistics business, among which the market calls for small household appliances business for many years is the focus of this program. In 2012, Midea Group's total operating income was 102.7 billion, operating profit was 7 billion, net profit was 6.14 billion, and net assets yield was 24%. Midea's small household appliance business revenue is 25.8 billion yuan. It is the most complete small household appliance product group in China. It has been the absolute leader of the domestic small household appliance industry for many years. The market share of many products has been absolutely leading for a long time, and it has strong channels and research and development advantages. Seize the market opportunity and reach the lead.
Wang Xiaoying, chief appliance researcher of Guojin Securities, analyzed that the US group's share swap absorbed the US-connected electrical appliances. The price of the electric appliance was changed to 15.96 yuan, which was nearly 70% higher than the average transaction price. The interests of the shareholders of circulation were fully considered. At the same time, the company has strengthened its technology investment and product innovation, and has firmly implemented the “de-stocking†strategy, which has significantly enhanced its profitability in the future. Such as "one night, one power" full DC inverter air conditioner series products, automatic washing machine, IH smart rice cooker, steam cube and other high-margin products continue to increase, profitability continues to increase.
Midea has always been an A-share blue chip company, paying attention to the interests of small and medium-sized shareholders. Since the listing, the annual cash dividend has been paid. After the distribution of 4.5 yuan for every 10 shares in 2011, a total of 1.5 billion will be distributed. In 2012, the proportion of cash dividends will continue to increase. At present, the total amount of 6 yuan is now over 2 billion, and the dividend yield is over 6%. In addition, after the listing of Midea Group, it will continue the fine tradition of the past, pay attention to the return of small and medium shareholders, and continue to increase the dividend ratio. The annual cash dividend for three years is not less than one third of the distributable profit of the year. It is believed that the Midea Group should be sought after by the capital market, both in terms of investment value and industrial management.
The announced 2012 annual report of Midea Electric showed a revenue of 68.1 billion and a net profit of 3.5 billion attributable to shareholders of the parent company. Gross profit margin increased significantly and profitability increased. The comprehensive gross profit margin for the year was 23%, up 4%. The annual operating profit margin was nearly 7%, up 1.6 percentage points. Http://news.chinawj.com.cn 
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