The year of the Tiger is the first “thunder”, illegal guarantee was “wearing the hat”, the annual loss of more than 200 million

2022-08-01 0 By

The first day of the Year of the Tiger got off to A good start, with more than 3,400 stocks all rising. However, one stock was suddenly suspended from trading on A major issue, just as investors were expecting A major boost.But never expected, usher in the year of the tiger was the first “thunder”!In the evening of February 7, the unit issued a major event announcement, guarantee violations, will be other risk warning, ST wear a hat.This stock is chaoxun communications, so chaoxun communications become the year of the Tiger A shares of the first ST company.Illegal guarantee “wearing the hat” on February 7, the first day of the year of the tiger opened, super communication was suddenly suspended because of major matters, the same evening ushered in a major bad.According to the announcement, Shanghai Songrui Electronic Technology Co., LTD. (hereinafter referred to as Songrui Electronics), a holding subsidiary of Chaoxun Communications, and liaoning Minsheng Intelligent Instrument Co., LTD. (hereinafter referred to as liaoning Minsheng Intelligent Instrument Co., LTD.), a wholly-owned subsidiary of Liaoning Minsheng Intelligent Instrument Co., LTD. (hereinafter referred to as:Legal representative, chairman of the board of directors, the executive director of the intelligence of the people’s livelihood) Meng Fanding without authorization of the company any case, who in the name of the SangRui electronic and intelligence of the people’s livelihood is the control of adjustable pawn mountain city hong ding tai loose control of real estate development co., LTD and its affiliated parties pawn mountain shun tong coal co., LTD., provide the illegal guarantee total about $421 million,Accounting for about 100.09% of the company’s audited net assets in 2020.According to the relevant regulations of the Shanghai Stock Exchange, if Chaoxun Telecom fails to complete the repayment or rectification within 1 month due to the above violation of guarantee, the company’s stock transaction will be subject to other risk warnings.The company’s shares were suspended for one day on February 8 and resumed trading on February 9. The stock was referred to as “ST Super news”.After the implementation of other risk warnings, the company’s shares will be traded on the risk warning board, and the stock price will be limited to a 5 percent daily rise or fall.In this regard, Super communication said that the board of directors of the company on the withdrawal of risk warning opinions and main measures.The board of directors of the company is urging meng Fanding, the person in charge, to remove the bank freeze and guarantee status as soon as possible, so as to safeguard the rights and interests of all shareholders.At the same time, the company requires Meng Fanding to raise funds as soon as possible to fulfill the obligation of repurchasing the company’s 50.01% equity of Sanrui Electronics. Up to now, the plan is still in progress.Never thought, the year of the tiger so quickly stepped on the first thunder, in the face of the sudden ST hat, super message communication in the stock also fried pot.The number of shareholder households was 14,955 at the end of the third quarter of last year, according to financial reports.Pre-loss of more than 200 million yuan of super communication thunder may have early signs.Xiaobian noted that the company disclosed the pre-loss announcement of 2021 results on January 28.The announcement shows that the preliminary calculation of the financial department is expected to realize the net profit attributable to the shareholders of the listed company in 2021 compared with the same period last year (statutory disclosure data), there will be a loss, is expected to realize the net profit attributable to the shareholders of the listed company -21 million yuan to -25 million yuan.It is estimated that the net profit attributable to shareholders of listed companies in 2021 after deducting non-recurring gains and losses will be between RMB 24,000.00 and RMB 28,000.00.Chaoxun communications points out that the main reason for the pre-loss is the company’s provision of asset impairment loss, the details of the impairment are as follows:1. During the reporting period, the holding subsidiary Shanghai Sanrui Electronic Technology Co., LTD. (hereinafter referred to as “Sanrui Electronics”) suffered losses due to the sharp decline in revenue. The company preliminarily judged that the goodwill and intangible assets of Sanrui Electronics were impaired, and it is estimated that the allowance for the impairment of goodwill and intangible assets in the reporting period is about 120 million yuan;During the reporting period, the company received performance compensation of 14.8 million yuan from the performance commitee of Sanrui Electronics in 2020, and the remaining unpaid performance compensation is expected to draw credit impairment reserve of about 10 million yuan.2. During the reporting period, the performance of its holding subsidiary, Guangdong Kanglida WUlian Technology Co., LTD. (hereinafter referred to as “Kangli Wulian”), declined, and the company judged that goodwill of Kangli Wulian had been impaired. It is estimated that the allowance for goodwill impairment in the reporting period will be 2,000.00 to 3,000.00 yuan.3. During the reporting period, the equity repurchase party of Chengdu Haopu Environmental Protection Technology Co., Ltd. failed to pay the equity repurchase price as agreed in the agreement, and the company judged that part of the equity repurchase price could not be recovered. The estimated amount of asset impairment reserve is about 14.00,000,000 yuan.4. During the reporting period, the company found that Hu Qingtao was involved in contract fraud and reported the case to Tianhe District Branch of Guangzhou Public Security Bureau. The company initially judged that the prepayment related to Hu Qingtao had been impaired, and it is estimated that the reserve amount of credit impairment was about 16.00,000,000 yuan during the reporting period.In fact, super communication in the first three quarters of last year has appeared to increase income does not increase the situation.In the first three quarters of 2021, the company’s operating revenue was 1.055 billion yuan, up 13% year-on-year.The net profit of the mother was only 1.9586 million yuan, down 93.99% year-on-year.Public information shows that Chaoxun Communication is a high-tech enterprise that has been deeply engaged in the field of communication industry for many years. Guided by the two core strategies of “communication + Internet of Things”, the company has laid out business in the field of Internet of Things utilities, smart logistics and smart city.The company maintains competitive advantages in communication network construction, maintenance, optimization services, communication software and hardware development, and deep layout in the Internet of Things, new energy, edge computing, cloud computing, AI and other fields, is committed to providing customers with professional communication technology services and refined, high-quality integrated solutions for the Internet of things.The company was listed in the A-share market in 2016. Riding the fast train of the capital market, the company’s asset scale continues to grow, and it has carried out four mergers and acquisitions. The industry continues to expand, but the company’s business performance is still poor.In 2016, Super Communication realized operating revenue of 776 million yuan, with a year-on-year growth of 11.78%, but net profit declined by nearly 30% to 30.2906 million yuan. In 2017, super communication performance continued to decline, once again reduced to 21.3793 million yuan.From 2018 to 2020, the operating revenue of the company is 1.395 billion yuan, 1.267 billion yuan and 1.478 billion yuan respectively, with year-on-year change ratios of 46.98%, -9.15% and 16.65%. The corresponding net profit of returning to mother is 0.25 million yuan, -0.93 million yuan and 0.40 million yuan respectively.The year-on-year changes were 16.20%, -475.73% and 142.43%, respectively.Performance has been inconsistent.It should be noted that in 2019, Super Communication fell into its first loss since it went public.In 2020, the company made great efforts to turn losses into profits, but cost reduction, disposal of assets and government subsidies are the main forces of the turnaround.As THE 5G sector continues to be hot in the capital market, as a 5G concept stock, the share price of Super Communication has repeatedly been capped by the limit.But at the same time, the company’s important shareholders and Dong Jian Gao have reduced their holdings, superimposed the company’s performance difficulties.In March 2019, guangzhou Chengxin Chuang, a shareholder of the company, issued a reduction plan to reduce its holdings by no more than 3.2308 million shares, and since then it has reduced its holdings by 2.0377 million shares.In June 2019, director Zhong Haihui reduced his holdings by 960,000 shares, executive Chen Guichen by 12,480 shares, supervisor Deng Guoping by 8,780 shares, and director Wan Jun by 1,205,800 shares successively.In December 2019, xiong Mingqin, Liang Jianzhong and Liang Gang, shareholders of the company, and Wan Jun and Zhong Haihui, directors and senior managers of the company, again announced plans to reduce their holdings.Among them, Xiong Mingqin, Liang Jianzhong and Liang Gang plan to reduce their holdings by no more than 3.12 million shares, while Wan Jun and Zhong Haihui plan to reduce their holdings by no more than 1.62448 million shares.On February 24, 2020, Chaoxun Communications announced that xiong Mingqin, the shareholder of the company, reduced the holding of 1,559,992 shares of the company through centralized bidding, accounting for 1.00% of the total share capital;It reduced 1.15 million shares of the company through block transaction, accounting for 0.73% of the total share capital of the company.Yingying international is a comprehensive collection of information from National Business News, Financial Investment News, Jiang Dongwen, Manager Magazine, China Fund News, 21st Century Business Report, etc