Huicong Group Goes To Battle Light And Accelerates Transformation And Upgrading In An All-Round Way
On the evening of October 23, Huicong group announced that the company had redeemed the HK $100 million notes and HK $100 million convertible bonds which would be due by December 2021 in advance. In addition, the notes of HK $250 million were redeemed in advance on August 31. So far, Huicong group has redeemed all the notes and convertible bonds in advance, and paid about RMB 450 million in principal and interest.
According to the announcement, both repayment funds were appropriated by the group's existing internal resources. Under the pressure of overall operation this year, it shows the good credit and capital improvement of Huicong and the management team. For Huicong, the further reduction of debt means the optimization of capital structure and profit space. This year's outbreak has hindered the development of many industries, but it has also accelerated the trend of digital penetration of traditional industries, and the development of industrial Internet has also ushered in unprecedented opportunities. It is understood that "Huicong Network + Zhongguancun Online (ZOL) + Zhaoxin shares", as the three core business sectors of Huicong group, continue to expand and add value. First, after the Q1 epidemic, huicong.com is in full recovery. According to the public data, in 2020, Huicong will realize the growth rate of PV and UV by more than 50%, the number of registrations will increase by 81%, the number of Suk releases in the month will increase by 92%, and the volume of real name certification will increase by 75%. Second, after the restructuring of Zhongguancun Online, make full use of the new way of live marketing to accelerate the realization of the new retail model. In the first half of the year, more than 10000 retailers, over 300000 orders and more than one million goods were sold through the live broadcast of first-line household appliances brands. Among them, the "618 promotion" Gmv exceeded 200 million yuan, nearly tripled year-on-year. Thirdly, as a commodity data identity management service provider of China, Zhaoxin shares also performs well in the capital market. In May this year, Zhaoxin shares (430073. OC) successfully entered the innovation layer of the new third board, which indicates that the expected temperature of entering A-share to improve liquidity is expected. In addition, the vertical track layout of Huicong group in recent years has also been recognized by capital. Its China model international has obtained ten million level investment from SDIC logistics and supply chain fund and entered the preparation period of A-share IPO, and Shen wanhongyuan acted as the guidance broker; its home appliance world (pick up mall) has obtained the strategic equity of Stella group; its Shanghai cotton Federation has also won the favor of many institutional investors. Now, under the background of more rational overall financing environment, Huicong group has paid back the previous financing in 2018 ahead of schedule, and has paid a total of RMB 450 million in principal and interest. The signal behind is that the management of Huicong group has good credit to its partners, which also releases the company's confidence in the future development. In the gold mining period of industrial Internet, in 2021, Huicong group (2280. HK) stepped into the battle with light equipment, relying on its profound industrial accumulation, comprehensively accelerated the transformation and upgrading.
About Huicong group
Huicong Group Co., Ltd. (02280. HK), founded in 1992, is committed to becoming China's leading industrial Internet Group, enabling traditional industries with Internet and big data, and listed on the main board of Hong Kong.
As the earliest b-end enterprise service provider in China, in order to meet the multi-level needs of market development and national strategy, in January 2018, Huicong group took the lead in proposing a comprehensive layout of industrial Internet. In practice, Huicong found that China's traditional industries have a market scale of 100 billion and trillions, with huge development space. In 2019, it has formed three business groups of new scientific and technological retail, intelligent industry, platform and enterprise service, and six vertical runways for investment and incubation, and established a complete industrial Internet Ecology.
Huicong group is willing to keep running, iteration, innovation and empowerment, seize the opportunities given by the times, create more value for customers, focus on the transformation of traditional industries, and be the booster of China's industrial transformation and upgrading.
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