King Northwest earns 2 billion a year! Put oil assets into Shaanxi natural gas to prolong the birth of natural gas.

The previous article "Heavy! In addition to PetroChina, the first giant in China to open up the whole industrial chain of natural gas was officially born, looking at Sirius in the northwest! It is mentioned that on June 25, 20 19, Shaanxi Natural Gas issued a heavy announcement. According to the requirements of State-owned Assets Supervision and Administration Commission of Shaanxi Province, Yanchang Group plans to increase capital and share. After capital increase and share expansion, the equity of Yanchang Group may exceed 5 1% and become the largest shareholder of Shaanxi Natural Gas Group, thus indirectly controlling Shaanxi Natural Gas, a listed company.

The State-owned Assets Supervision and Administration Commission of Shaanxi Province made such a big move to build the first local natural gas industrial chain giant in China except PetroChina.

Recently, Shaanxi Natural Gas released a report on the extension of oil acquisition, which officially disclosed the details of the extension of oil assets to holding. However, the financial situation of the fourth barrel of oil in China, which was slightly mysterious because it was not listed as a whole, also surfaced. Although the profit is not as high as the third barrel of oil on the chart, it is still considerable.

Accompanied by it, it is obvious that the giant of the natural gas industry chain-Yanchang Gas was officially born!

Yanchang Petroleum increased its capital and shares to Shaanxi Gas Group through asset placement. After the completion of capital increase and share expansion, Yanchang Petroleum held 52.45% of the shares of Shaanxi Gas Group and became its controlling shareholder. At the same time, it formed an indirect acquisition of natural gas in Shaanxi.

The assets of Yanchang Petroleum are naturally put into its upstream pipeline transportation company, namely the pipeline transportation company of Shaanxi Yanchang Petroleum (Group) Co., Ltd. under Yanchang Petroleum.

The main business of this pipeline transportation company is oil and gas pipeline transportation. The main business model of natural gas pipeline transportation business is to transport the natural gas mined in the mining area to the city gas company through the natural gas pipeline and directly supply it to industrial users. Before the acquisition, Shaanxi natural gas was one of the largest users of the pipeline transportation company.

Before this capital increase and share expansion, the registered capital of Shaanxi Gas Group was 26,543.8+0.2 billion yuan, and it was a wholly state-owned company funded by the State-owned Assets Supervision and Administration Commission of Shaanxi Province. According to the evaluation results, the book value of net assets is 2.44 billion yuan, and the evaluation value of all shareholders' equity is 5.49 billion yuan.

Yanchang Oil Company increased its capital and shares by pricing the assets of the pipeline transportation company. After assessment, the book value of the assets and net assets to be used for capital increase is 4.65 billion yuan, and the assessed value of all shareholders' equity is 6.06 billion yuan.

After the completion of the capital increase, Yanchang Petroleum became the largest shareholder of Shaanxi Gas Group, which was managed as a holding subsidiary of Yanchang Petroleum and renamed as Shaanxi Yanchang Oil and Gas Group Co., Ltd.

Although industrial and commercial registration is the final standard, the abbreviation of "Yanchang Gas" has been finalized, and Yanchang Gas is bound to become a colorful name in China's natural gas industry.

After the capital increase and share expansion, the ownership structure of Shaanxi Gas Group is changed to:

In addition, the most interesting issue is the extension of natural gas company governance and personnel arrangement.

On the whole, after this adjustment, the State-owned Assets Supervision and Administration Commission of Shaanxi Province basically completely decentralized the extension of oil.

Yanchang Gas set up a board of directors, consisting of 7 directors, 2 recommended by Shaanxi SASAC and 4 recommended by Yanchang Petroleum; There are 1 employee directors elected by the employee congress. The chairman is clearly elected by the board of directors from the directors recommended by Yanchang Petroleum.

In terms of personnel arrangement, the members of the existing leadership team of Shaanxi Gas Group are arranged by the Organization Department of the Provincial Party Committee of Shaanxi Provincial State-owned Assets Supervision and Administration Commission, and the management of other leading cadres is implemented with reference to the Measures for the Extension of Petroleum-related Leading Cadres.

In terms of enterprise management, Yanchang Gas, as a secondary enterprise of Yanchang Petroleum, is controlled according to the strategic control enterprise. Extending petroleum management and extending gas development strategy, major issues, important personnel appointment and dismissal, and key business links, the aforementioned matters involving the interests of SASAC in Shaanxi shall be decided according to the procedures of the board of directors.

In the acquisition report, Yanchang Petroleum's self-introduction was deeply branded as the fourth barrel of oil!

Yanchang Petroleum is one of the four enterprises with oil and gas exploration and development qualifications in China. Now it has developed into a large-scale petrochemical comprehensive group company integrating oil and gas exploration, development, refining, chemical industry, storage and transportation, sales, engineering construction and machinery manufacturing. It is the largest enterprise in Shaanxi Province and the top 500 enterprises in the west of China.

As Yanchang Petroleum, which was born in 1905 and opened the door of China's petroleum industry in one fell swoop, it has become the only local enterprise in China with the qualification of oil and gas exploration and development and supporting facilities by virtue of its favorable weather, favorable geographical conditions and favorable people.

Yanchang Petroleum is not wholly owned by Shaanxi state-owned, but 5 1% in Shaanxi, 44% in Yan 'an and 5% in Yulin.

Although Yanchang Petroleum is not listed as a whole as PetroChina Sinopec, it has successfully established three listed companies, including Yanchang Petroleum International listed in Hong Kong, Shaanxi Xinghua Chemical listed in Shenzhen and Yanchang Petrochemical Construction listed in Shanghai.

At the same time, with the first position of state-owned assets and superior resource advantages in Shaanxi Province, extending the distribution of oil in the financial chain is actually relatively complete. It owns a bank, an insurance company and an insurance brokerage company. Including Yong 'an Property Insurance Co., Ltd., Chang 'an Bank Co., Ltd. and Shaanxi Yanchang Insurance Brokerage Co., Ltd. ..

According to the disclosed financial data, in 20 18, the operating income of Yanchang petroleum has exceeded 300 billion yuan, and the net profit has exceeded 2 billion yuan.

Although this profit data may only be a fraction of three barrels of oil, it is actually quite considerable.

If all listed companies in A-shares in 20 18 are compared, this profit of Yanchang Petroleum can easily rank 277th among 3,853 listed companies in A-shares, that is, it can easily surpass 93% listed companies!

In fact, in the acquisition report, the significance of extending oil for this acquisition is very clear.

The acquisition will promote the complementary advantages and coordinated development of petroleum, Shaanxi Gas Group and listed company Shaanxi Natural Gas in the fields of natural gas exploitation, pipeline transportation and sales, realize the complementary advantages of industrial gas supply, processing and residential gas sales, improve the pipeline network layout of Shaanxi Gas Group and Shaanxi Natural Gas, increase market share, enhance enterprise efficiency and lay a solid foundation for high-quality development of enterprises.

At the same time, this acquisition can optimize the resource allocation efficiency of natural gas exploitation, pipeline transportation and sales in Shaanxi Province to a certain extent, improve the stability and reliability of natural gas supply in Shaanxi Province, and has positive significance for the economic development of Shaanxi Province and meeting the living needs of residents.

By the end of 20 18, the natural gas consumption in Shaanxi reached 6 1.0 1 100 million cubic meters, up 9.24% year-on-year. Shaanxi Natural Gas engages in urban gas business in the province through its holding subsidiaries, and conducts urban gas business in 5 districts and 26 counties, covering Hanzhong City, Ankang City, Shangluo City, Xianyang City and some districts and counties in the province, with a market coverage rate of 28.97% in 107 districts and counties in the province.

After Yanchang Group controlled Shaanxi Gas Group, it opened up the whole industrial chain of natural gas in the upper, middle and lower reaches in one fell swoop, including the exploitation of upstream gas fields, long-distance pipelines in the middle reaches of the province and downstream city gas, which was also the hero of Shaanxi SASAC.

The previous article "Strange! The third natural gas trading center in China settled in Xi 'an. How to play without extending oil participation? It is mentioned that at the 20 19 International Clean Energy Investment and Financing Conference held in Angola, the Management Committee of the National Civil Aerospace Industry Base of Angola, the Energy Investment Committee of China Investment Association, the German Future Natural Gas Association and Sanya Changfeng New Energy Investment Co., Ltd. signed a strategic cooperation agreement to jointly set up an oil and gas trading center in Angola, which is called the third natural gas trading center in China.

Just on the border of Xi 'an, it is not clear whether the oil and gas trading center didn't bring the big boss of Yanchang Oil, or whether the big boss didn't notice it at all.

What new actions will be taken after the birth of Northwest Wang Yanchang Gas, which is worth looking forward to, alas!