"Weichai line" investment 920 million yuan to build platform for finan
Weichai Power Weichai heavy machinery, Shantui Shares issued on February 6 while connected transaction announcement said, Shandong Heavy Industry Group, Weifang Diesel, heavy machine Weichai, Shaanxi Heavy Duty Truck will be pushed together, the mountain Construction Machinery Co., Ltd. a wholly owned subsidiary Shantui Lease Limited capital increase 740 million yuan. After the capital increase to be renamed the mountain push for the same rental Xin Finance leases Co., Ltd., registered capital from 180 million yuan to 9.2 billion, thus becoming the "Weichai line" as the core of the Shandong Heavy Industry's financial leasing business platform.
In December 2009, at the "2009 Annual China Financial Leasing", China Leasing Association, Convenor of the Preparatory Group on National Yang Haitian expected to finance leasing business in 2009 will total more than 350 billion yuan, the face of such a huge piece of Industry cake, "Weichai line" 920 million to build a finance lease, it is extremely obvious intention of the platform.
It is understood that in economically developed countries, financial leasing industry is second only to the banking industry's second-largest funding sources. In response to Financial Crisis, the functions of finance leases has been shown, various types of financial leasing companies to solve the problem of financing small and medium enterprises play a growing role, while a number of banks also finance leasing companies through to large state-owned enterprises, private enterprises financial support.
Currently, domestic manufacturers the majority of large construction machinery set up financial leasing company to finance lease means to promote its equipment Sell To ensure the adequacy of its cash flow. The obtained "Weichai line" injection of the mountain push lease was established in March 2009, is by the approval of the Ministry of Commerce and State Administration of Taxation of financial lease experimental enterprises. As of December 31, 2009, the net assets of 1.8 billion, 2009 net profit of 106,500 yuan.
"The affiliates to promote co-lease to the mountain capital increase, to solve the company's financial problems unilaterally funded, will help finance leases potential platform play, effectively widening the marketing channels, to improve their core competitiveness, consistent with the company overall development strategy is conducive to sustained and healthy development of the company. "clear" Weichai Line "huge amounts of money to build a finance lease platform, not just to solve their own equipment sales and cash flow, but based on long-term financial leasing optimistic.
data link Finance leases Finance lease the lessee is the lessor under the lease and the vendor selection or recognition it from the supplier (manufacturer) by obtaining the lease contract, rent to the lessee possession, use, the rent charged to the tenant transactions.
And operating leases is different from one of the following conditions is a finance lease: lease transfer ownership of maturity; rental equipment depreciation period of greater than 75% of life; rental payments greater than the acquisition cost of the present value of 90%; lessee a low-cost purchase option.
Basic functions, financial leasing can play to increase financing channels, and optimize financial structure, stability, income indicators, the role of a balanced tax burden; also finance leases also avoids the technical depreciation, the full enjoyment of scientific and technological progress, productivity gains benefits.
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