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The latest announcement of Guangzhou Restaurant: Guangzhou Municipal State-owned Assets Supervision and Administration Commission intends to transfer 51% of its equity to Guangzhou City Investment without compensation

author:Securities Star

Guangzhou Restaurant announced that on November 18, 2021, the Company received the Notice of guangzhou Sasacy And Administration Commission on Transferring 51% of the Equity of Guangzhou Restaurant Group Co., Ltd. to Guangzhou Urban Construction Investment Group Co., Ltd. without Compensation and the Agreement on the Gratuitous Transfer of State-owned Property Rights signed by the Guangzhou Sasconomy and Guangzhou Chengtou, and the Guangzhou Saq-owned Assets Supervision and Administration Commission transferred 51% of the company's equity (288,453,276 shares) held by the Guangzhou Saq-owned Assets Supervision and Administration Commission to Guangzhou Chengtou without compensation, and has signed an agreement. After the change of state-owned shares, the actual controller of the company is still the Guangzhou Municipal State-owned Assets Supervision and Administration Commission. The controlling shareholder of the company was changed to Guangzhou City Investment.

Guangzhou Restaurant's 2021 third quarter report shows that the company's main revenue was 3.016 billion yuan, up 17.69% year-on-year; net profit attributable to the mother was 444 million yuan, up 23.41% year-on-year; deducted non-net profit was 431 million yuan, up 19.78% year-on-year; among them, in the third quarter of 2021, the company's single-quarter main revenue was 1.784 billion yuan, up 10.15% year-on-year; single-quarter net profit attributable to the mother was 406 million yuan, up 16.68% year-on-year. In a single quarter, the non-net profit was 401 million yuan, up 16.45% year-on-year; the debt ratio was 42.03%, the investment income was 6.0672 million yuan, the financial expense was -18.2083 million yuan, and the gross profit margin was 38.26%.

A total of 26 institutions have given ratings in the last 90 days, with 17 buy ratings and 9 overweight ratings; the average target price of institutions in the past 90 days is 29.34; the Securities Star Valuation Analysis Tool shows that Guangzhou Restaurant (603043) good company rating is 3.5 stars, good price rating is 3.5 stars, and valuation comprehensive rating is 3.5 stars. (Rating Range: 1 ~ 5 stars, maximum 5 stars)

The chairman of the company is Xu Weibing. Mr. Xu Weibing: Born in November 1970, Han ethnicity, CPC member, Chinese nationality, no right of permanent residence abroad, master's degree, once served as deputy secretary of the party committee, vice chairman and general manager of the company, and is currently the secretary of the party committee and chairman of the board of directors of the company.

This article is compiled by the Securities Star Data Center based on publicly available data and does not constitute investment opinions or suggestions, if you have any questions, please contact us.

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