Suning Tesco announced that the shareholders' meeting agreed to authorize the company's management layer to sell a total of 131,647 million shares of the Alibaba Group.from
At the announcement date, the company's shares were sold for a total of 1,862.7 million US dollars, and it is estimated that the net profit will be around RMB 5,205 billion. After the sale of shares, Suning Tesco has vacated its ownership of Ali's shares, garnering net income of up to 14.1 billion yuan. At the same time, Ali has a loss of more than 9 billion.
Suning accumulated a net profit of 14.1 billion yuan
On November 14, 2017, Suning announced that it plans to reduce its ownership of Alibaba's 5.5 million shares in the next three months. On December 4 last year, the company announced that a general meeting of shareholders approved the plan, and only seven days later, Suning completed the reduction. After the above sale is complete, Suning Yunshang will still have a total of 20,824,700 shares in Alibaba Group, which constitutes 0.81% of the total shares issued by Ali.
Last year, Suning sold Ali's shares to a net profit of 3.25 billion yuan, which was a large amount for Suning. According to Suning 2017's financial report published in March this year, the company's net income for 2013, 2014, 2015 and 2016 was 372 million yuan, 861 million yuan, 873 million yuan, and 704 million yuan respectively, namely Suning selling Ali . Earnings from shares exceed the total net income of the four years of operation.
On July 7, Suning Tesco announced that it would improve its mid-year performance estimate of 2018. Estimated net income attributable to shareholders of listed companies was RMB 596,223,700 – RMB 606,223,700, an increase of 1945.39% -1979.70% compared to the same period the previous year.
Reason for performance correction: Alibaba Group company shares are sold for sale. The total size of shares sold is not expected to exceed 7.66 million shares, accounting for only 0.30% of Alibaba Group's shares, and specific sales arrangements are carried out in accordance with investment agreements. As of May 31, 2018, the company completed the sale of shares through the New York Stock Exchange, the company received a total of around 1.504 billion US dollars in the selling price of the stock. The transaction is expected to reach a net profit of around RMB 5,601 billion (calculated based on the exchange rate of the RMB against the US dollar on the date of sale of shares).
This time, Suning Tesco cleared its ownership of Ali's shares, and collected net income of up to 14.1 billion yuan.
Ali Buy Suning Equity continues to lose money
According to public information, in August 2015, Suning and Alibaba worked together strategically, Alibaba's subsidiary subscribed to Suning's non-public share offerings, and the share ownership ratio was 19.99% of the total shares after non-public offerings, at the same time, Suning passes through the entire region. The subsidiary invests strategically in Alibaba's newly issued shares, holding 1.04%.
At that time, Ali became Suning's second largest shareholder, holding second share after Zhang Jindong, where Taobao spent 28.233 billion yuan.
The price of non-public offerings from Suning Yunshang was 15.17 yuan / share, and Taobao subscribed to 1.861 billion shares. However, this investment was in a loss, with losses of more than 6 billion yuan. As of December 31, 2018, the closing price of Suning Tesco was 9.85 yuan, and Ali's loss was more than 9 billion.