On January 18, “the first share of children’s wear” Qibu Corporation Limited(603557) (603557. SH) released its performance forecast for 2021. After a loss of 280 million yuan in 2020, it continued to suffer losses.
According to the announcement, according to the preliminary calculation of the financial department, the net profit loss attributable to the shareholders of the listed company is expected to reach 180 million yuan to 270 million yuan in 2021. It is estimated that the net profit attributable to the shareholders of the listed company after deducting non recurring profits and losses will be a loss of 190 million yuan to 280 million yuan.
The interface news reporter noted that as of the third quarter of 2021, the company’s revenue was 850 million yuan, with only a slight decline of 4.47%. The net profit attributable to the listed company and the net profit after deduction were -28.9888 million yuan and -38.201 million yuan respectively, while the sudden large losses in the whole year came from various impairment losses.
In the performance description, Qibu Corporation Limited(603557) said that in 2021, the company accrued large asset impairment losses, mainly because the company received large amount of commodity returns due to the epidemic and the sales channels of traditional physical stores were less than expected, resulting in the increase of the inventory amount and longer inventory age of the company’s “ABC kids” brand, resulting in more inventory impairment in 2021. At the same time, due to the continuous impact of covid-19 epidemic in 2021, the prosperity of traditional physical stores is poor, the payment collection of downstream dealers is not timely, the aging of accounts receivable becomes longer, and there are more bad debt losses accrued from accounts receivable.
In addition, based on the impact of the epidemic on the physical clothing stores, in order to maintain the stability of the existing channels, the company gave relevant expenses to the downstream sales channels, which had a great impact on the company’s performance in the current period.
In 2021, Qibu Corporation Limited(603557) which was once popular due to its cooperation with online celebrity anchor “Simba” suffered “Waterloo” continuously.
First, the 2020 performance report suffered a huge loss of 280 million. At the same time, it also exposed the announcement that the 2020 annual report was issued with qualified opinions, the announcement of early error correction, the occupation of non operating funds by related parties, illegal guarantee matters and rectification, etc. The company’s shares have been subject to other risk warnings since April 30, 2021.
The partner Xinxuan investment then urgently reduced its holdings and “fled”. In October 2021, under the situation of high stock pledge rate and intensified judicial risk, the controlling shareholder Hong Kong had no choice but to leave and planned to transfer 144 million shares to Huzhou Hongyu at a price of 1.040 billion yuan. The transaction was completed on December 20, 2021, and the actual controller was changed from Zhang Limin to Chen Lihong.
On December 17, 2021, the Shanghai Stock Exchange imposed disciplinary sanctions on Qibu Corporation Limited(603557) , the former controlling shareholder Hong Kong start, the actual controller and then chairman and general manager Zhang Limin and relevant responsible persons.
However, although the actual controller has also changed, the listed company is still at risk of punishment for a series of violations committed by the former actual controller during his term of office.
On December 17, 2021, the Shanghai Stock Exchange imposed disciplinary sanctions on Qibu Corporation Limited(603557) , the former controlling shareholder Hong Kong start, the actual controller and then chairman and general manager Zhang Limin and relevant responsible persons. According to the announcement of the Shanghai Stock Exchange, Qibu Corporation Limited(603557) and the actual controller were involved in six violations: failure to disclose the 2020 annual performance forecast in time, illegal lending of large amounts of funds to the then general manager, failure of related party guarantees to fulfill decision-making procedures and information disclosure obligations, errors in accounting treatment of regular reports, major defects in internal control The controlling shareholder fails to disclose and sign the loan agreement that may lead to uncertain risk of the company’s control.
On January 17, 2022, Qibu Corporation Limited(603557) received the notice of filing a case issued by the CSRC. Because the company is suspected of illegal information disclosure and other matters, the CSRC decided to file a case against the company.
On January 29, Qibu Corporation Limited(603557) closed at 4.73 yuan, more than 62% higher than the highest price of 12.59 yuan in recent years.
