Paperless era impacts the paper industry, Tianjin China Banknote Paper Industry is about to dissolve and liquidate

It is understood that Tianjin Banknote Paper Co., Ltd., which mainly produces banknote paper and check paper, has been deliberated and approved by the 4th Extraordinary Shareholders' Meeting in 2018 , and decided to set up a liquidation group to dissolve Tianjin Banknotes according to law. Up to now, the seal formalities of all shareholders have been fulfilled, and the liquidation team will promote the liquidation of Tianjin Banknote.

According to company data, Tianjin Banknote is a member of the China National Defense Industry Association and a drafting unit for national anti-counterfeiting materials. Specializing in the production of banknote paper, check paper and special advanced anti-counterfeit watermark paper and non-anti-counterfeit special paper.

Since its establishment, the company has always been the only fixed-point production enterprise for domestic check and clearing machine paper. In addition to the main business tasks such as banknote paper, check paper, anti- painting and clearing machine paper, it can also produce 40-300g/ m2 of various anti-counterfeit security paper, anti-counterfeit watermark paper, anti-counterfeit fiber paper, anti-adhesive paper (chemically sensitive paper). ), open windows or full-buried security line anti-counterfeiting paper and cardboard and other advanced security paper, neutral watercolor paper, water-pattern paper and other civilian special paper. Among them, the advent of anti-counterfeit cardboard has filled the domestic gap and obtained national patents. The company's products are diversified and can be used in financial systems, insurance, etc. to provide special security papers such as securities, bank notes and vouchers.

The company currently has a 1575mm safe line garden paper machine, a 1760mm can be used to deploy a safety line garden paper machine , a 1760 long net production line, the above three production lines can produce check paper, clearing machine paper, advanced security watermark paper.

Each shareholder is a "big gold master"

Established in 2002 , Tianjin Zhongcai Paper Co. , Ltd. is a holding company of China Banknote Printing and Minting Co., Ltd., which is owned by China Banknote Printing and Minting Corporation. It also has Guangdong Guanhao High-tech Co., Ltd., Tianjin Global Magnetic Card Co., Ltd. and Beijing People's Bank. Science, Industry and Trade Co., Ltd. and Kunlun Investment Co., Ltd.

The major shareholder Zhongcai Industrial Co., Ltd. holds 25.94% of the shares . The company is controlled by the China Banknote Printing and Minting Corporation, while the China Banknote Printing and Minting Corporation is a 100% -owned enterprise of the People's Bank of China .

The second shareholder of Guangdong Guanhao High-tech Co., Ltd. holds 24.93% of the shares . The company is a listed company and belongs to China Paper Investment Co., Ltd., backed by the large central enterprise China Chengtong Holding Group Co., Ltd.

The three shareholders Tianjin Global Magnetic Card Co., Ltd. holds 24.48% of the shares . The company is also a listed company. It is the national designated point of China’s “UnionPay” identification card, MasterCard International Organization, central state organs, central government agencies, financial ticket and civil air transport certificates. manufacturer. The company's major shareholder, Tianjin Global Magnetic Card Group Co., Ltd. is a 100% -owned state-owned enterprise of Tianjin SASAC .

The four shareholders Beijing People Yinke Industry and Trade Co., Ltd. holds 17.00% of the shares . The company is a corporate with legal person qualification approved by the Party Committee of the People's Bank of China and fully funded by the service center of the head office. Its main tasks are: adhere to the purpose of serving the head office, assume the duties of the head office and perform overall management duties for the subordinate enterprises.

The five shareholders Kunlun Investment Co., Ltd. holds 7.65% . The company's major shareholder Song Zhiping is closely related to Tianjin Global Magnetic Card. Ten years ago, Tianjin Global Magnetic Card and Song Zhiping's Yake Company jointly established Global Paper (Chongqing) Co., Ltd. It plans to build Chongqing Paper's giants to achieve an annual output of 500,000 tons of forestry pulp paper , with an output value of 3 billion yuan, but the project has not made any real progress.

From the point of view of shareholders, several mother-in-law of Tianjin Banknote can say that they are all “big money masters”, not central banks, central enterprises, or powerful investment companies.

Loss leads to dissolution

According to the announcement of the listed company Guanhao Gaoxin, Tianjin Zhongcai has a gap in its business development and its expected goals, and is affected by relevant policy factors, resulting in operational difficulties. In order to prevent the loss from further expanding, the shareholders of Tianjin Banknote will decide to set up a liquidation group and dissolve it according to law.

In 2017 , Tianjin Banknotes revenue was 437.985 million yuan, with a loss of 32.795 million yuan and a net interest rate of -74.88% . In the first half of this year, the company's revenue was 13.11 million yuan, with a loss of 18.5252 million yuan and a net interest rate of -216.11% . Revenue fell and losses continued to expand.


Paper currency has to disappear?

In 2017 , Tencent and Renmin University of China jointly released a “ 2017 Smart Life Index Report”, which shows that more than 70% of people will use cash when they can only pay in cash, and they can use 100 yuan of cash. More than a week; 84% said that “without money, only with a mobile phone to go out” can be very calm.

At a press conference in March this year , Zhou Xiaochuan, then president, proposed:

1, 2017, the People's Bank organized a research project of digital money and electronic payments, the State Council has formally approved, we are currently promoting.

2. The development of digital currency is technically inevitable. In the future, things like traditional banknotes and coins will gradually shrink, and may even disappear one day.

All kinds of signs indicate that the physical currency seems to ... have to withdraw from the historical arena?

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