More and more examples show that the leaders who have a place in this industry are also facing the challenge of "survival and destruction".
   On August 17, Jielong Industry announced that Shanghai Jielong Group Co., Ltd. (hereinafter referred to as "Jielong group"), the largest shareholder of the company, had signed the equity transfer intention agreement, intending to transfer 180 million shares of the listed company to Shanghai huanguan New Material Technology Co., Ltd. (hereinafter referred to as "huanguan new material").
   As of August 19, Jielong group held 180 million shares of Jielong Industry, accounting for 100% of the total share capital of the listed company. Moreover, Jielong group has pledged 100% of its share capital, accounting for 27.23% of the total share capital of the listed company.
   As one of the top 100 printing (comprehensive) companies in China, Jielong has developed into a modern group enterprise with 18 subsidiaries (branches), more than 2000 employees and total assets of more than 5 billion yuan by relying on two main businesses of printing, packaging and real estate development, as well as diversified industries such as food and beverage, hotel and leisure, cultural and creative industries.
   In recent years, Jielong Industry is committed to the transformation and upgrading of printing products, focusing on the development trend of green economy, and has made a large number of layout in the field of green printing. The company has invested nearly 300 million yuan in the project of pulp molded packaging products and dry pressed paper mold products, and developed green environmental protection printing products such as paper molded packaging products and new environmental protection paper holders. Relevant persons of Jielong Industry once disclosed in public that the above two projects have the technical support of mature enterprises, wide sources of raw materials and broad market prospects. If the project operation output reaches the expected goal, it will open up new packaging product business for the company, not only enrich the product direction of the company, but also bring better economic benefits. Up to now, the above projects are still in the loss, dragging down the performance of listed companies. From the preliminary results, in the first half of 2019, due to the loss of 26 million yuan of new investment business, the company deducted non net profit loss of 30 million yuan to 34 million yuan. In the past three years, Jielong Industry, which is seeking transformation, has been in a loss. From 2016 to 2018, Jielong Industry realized operating revenue of 1.733 billion yuan, 1.334 billion yuan and 1.362 billion yuan, net profit of - 10.9834 million yuan, 32.2821 million yuan and - 11.8093 million yuan, net profit of - 23.6136 million yuan, - 23.7274 million yuan and - 1989.55 million yuan respectively. For the reason of the loss, Jielong Industry claims that it is mainly due to the loss of about 23 million yuan generated by the newly invested pulp molding and packaging product project and dry pressing paper mold product project in the early stage of development and business introduction, as well as the loss of about 6.6 million yuan generated by the reduction of project income in the real estate sector of the company in the current period. Jielong Industry, which has deducted non net profit for three years in a row, now has to open the road of "selling shell" to save itself.
   On May 9 this year, Hongbo issued a notice that the actual controller of the company, you family, signed the share transfer agreement with Henan Yutai Holding Co., Ltd., which transferred 71.2638 million shares of the company to Yutai Holding Co., Ltd., accounting for 14.26% of the total share capital of the company. After the transfer, Yutai holdings will become the controlling shareholder of the company, and the actual controller of the company will be changed to Mao Wei.
   It is one of the leading enterprises in China's lottery printing industry. In 1995, you Yuxian took over the scepter of the family business from his father. In June 1999, you Yuxian moved the enterprise from Zhejiang to Fujian and founded Fujian Hongbo Printing Co., Ltd., which became the later Hongbo stock and was called "the first stock of Internet lottery" after listing. The main business is the production and sales of thermal paper tickets, general tax, invoices, certificates and other ticket products, as well as the production and sales of office paper and other products. Hongbo shares is involved in the industry development in a mature stage, with relatively stable growth, and the lottery has been under the high-pressure supervision of the management in recent years. In this context, the industry concentration should be increased, and the market share should be concentrated to the leader to fully benefit. But in the past, the company, known as "the first stock of Internet lottery", has seen a continuous decline in performance since it went public in 2010, with no outstanding performance. Moreover, in the seven years after 2011, except for the positive growth rate of net profit in 2016, the other six years saw a significant decline in each year. In particular, according to the recently released 2018 annual performance report, the annual revenue reached 706 million yuan, an increase of 1.53% year on year, and the loss of non attributable net profit was 7 million yuan, a significant decrease of 206.41% year on year. In addition to poor performance, there are also problems of high pledge and frequent reduction of shareholders. There are five members of the yous family, the top ten shareholders of the company. However, they basically pledge most of their shares, and the second largest shareholder youyuxian pledges 100%. In addition, the management frequently reduced their holdings at a high level. According to the data, there have been 67 times of trading of important shareholders since the listing, and the number of reducing Holdings has reached 48 times. Therefore, it is not surprising that "Jiepan Xia" appeared.
   Although the transfer of shares and the change of actual controller by leading printing enterprises is the highlight of the current difficulties, from another perspective, exit does not mean failure, and the free and easy of "waving one's sleeve without leaving a cloud" is also a symbol of strength. On the contrary, those printing enterprises that are still struggling to support their dilemma can only feel their own blood and tears.