In order to successfully "protect the shell", Boomsense Technology Co.Ltd(300312) (300312, SZ) has made great efforts, including debt exemption and donated assets. Therefore, it has frequently received letters of concern from Shenzhen Stock Exchange. But up to now, it may still be unable to get rid of the fate of delisting.
On January 28, Boomsense Technology Co.Ltd(300312) issued several announcements, on the one hand, to supplement the verification opinions of law firms on debt exemption, which put a question mark on the actual scale of debt exemption, and on the other hand, to predict the performance in 2021.
According to the performance forecast, Boomsense Technology Co.Ltd(300312) achieved a revenue of more than 100 million yuan in the fourth quarter of 2021, but the net profit and net assets in 2021 were negative. If the company's operation in 2021 touches the relevant circumstances in article 10.3.10 of the GEM Listing Rules of Shenzhen Stock Exchange, there is a risk of termination of listing and trading of the company's shares.
It is worth noting that only one hour after the release of the notice, the Shenzhen stock exchange sent a concern letter asking Boomsense Technology Co.Ltd(300312) to explain the relevant operation, business changes, main composition of operating revenue and previously undisclosed equity acquisition of the company.
nearly 60% of creditors have not obtained the internal audit document
On January 7 this year, Boomsense Technology Co.Ltd(300312) announced that it had obtained debt exemption from 48 creditors, with an amount of about 35 million yuan, and then received a letter of concern the next day.
After an extension, on January 17, Boomsense Technology Co.Ltd(300312) said in reply to the letter of concern of the Shenzhen stock exchange that the internal examination and approval procedures of creditor debt exemption and other related verification work were still in progress, and the specific verification opinions of the law firm shall prevail. In addition, because the audit fee of Boomsense Technology Co.Ltd(300312) 2020 was not settled, the annual audit accountant did not express an opinion.
According to the disclosure, the earliest debt forgiveness can be traced back to 2013, but most of them were formed around 2018. In the reply, Boomsense Technology Co.Ltd(300312) also quoted the content previously reported by the daily economic news, which seems to "implicitly" admit that there are undisclosed contents in the debt relief agreement.
In addition, according to the special verification opinions of the law firm disclosed on January 28, 28 of the 48 creditors have not obtained the internal approval documents for debt exemption. Among them, a creditor company entered bankruptcy liquidation, and its debt exemption of more than 600000 yuan failed to take effect. The remaining 20 creditors have obtained the internal approval documents on agreeing to exempt Boomsense Technology Co.Ltd(300312) from debt. The total amount of debt exemption is 8.47 million yuan, and their debt exemption behavior is "without any conditions".
According to the debt exemption agreement obtained by the reporter, Boomsense Technology Co.Ltd(300312) has a commitment to "debt to equity swap" for creditors, but the commitment will not be effective until the bankruptcy reorganization is successful.
It is worth noting that up to now, Boomsense Technology Co.Ltd(300312) independent director Chen Yu has not expressed a clear opinion on debt forgiveness. According to the disclosure, he will give corresponding opinions after the legal opinion is issued.
In addition, at the end of 2021, Boomsense Technology Co.Ltd(300312) increased its net assets by about 73 million yuan by receiving 49% equity of Chengdu nengdun Electronics Co., Ltd. (hereinafter referred to as Chengdu nengdun). It is disclosed that Chengdu nengdun currently has only 12 employees, including 6 with bachelor's degree and 6 with college degree. The products are used in "some scientific research institutes and their affiliated military industrial units". In 2020, Chengdu nengden's R & D expenses were 660000 yuan and 750000 yuan from January to October 2021, and "unconfirmed R & D achievements" supported business development through entrusted OEM. When the revenue in 2020 is less than 10 million yuan, Boomsense Technology Co.Ltd(300312) it is expected that the main business income of Chengdu nengdun will reach 21 million yuan in 2022.
in the fourth quarter of last year, the revenue increased by billion yuan, attracting the attention of regulators
The performance forecast for 2021 shows that Boomsense Technology Co.Ltd(300312) achieved a revenue of about 110 million yuan to 155 million yuan last year, with a net profit attributable to the parent company of about - 74 million to - 50 million yuan and a net profit deducted from non net profit of about - 120 million yuan to - 80 million yuan. As of the end of last year, the net assets are expected to be - 75 million yuan to - 30 million yuan. If the company's operation in 2021 touches the relevant circumstances in article 10.3.10 of the GEM Listing Rules of Shenzhen Stock Exchange, the company's shares are at risk of termination of listing and trading. However, the above performance forecast has not been audited by an accounting firm.
Image source: Boomsense Technology Co.Ltd(300312) screenshot of performance forecast announcement
The reporter noted that the first three quarters of Boomsense Technology Co.Ltd(300312) only achieved a revenue of 10 million yuan and a net profit attributable to the parent company of - 76 million yuan. It is not difficult to calculate that Boomsense Technology Co.Ltd(300312) achieved revenue of more than 100 million yuan in the fourth quarter, but the net profit attributable to the parent company did not increase in the same proportion as the revenue.
The performance forecast disclosed this time also adds a sun company that has never been disclosed.
According to the announcement, in 2021, the three subsidiaries of Boomsense Technology Co.Ltd(300312) Jiangxi hainatong Communication Technology Co., Ltd., tuskong Nanjing Technology Co., Ltd. (hereinafter referred to as tuskong) and Chengdu dianyi Technology Co., Ltd. (hereinafter referred to as Chengdu dianyi Technology) achieved revenue of about 68 million yuan, 51 million yuan and 29 million yuan respectively.
Among them, tuskong is a "new face". According to the performance forecast, tuskong mainly provides technical services for customers in the insurance industry and remote sensing image industry. On October 27, 2021, Boomsense Technology Co.Ltd(300312) subsidiary subscribed 51.22% shares of tuskong with 1.05 million yuan and obtained its control. According to the data of qixinbao, the company was founded in 2016, obtained the high-tech enterprise certification in 2018, and moved from Beijing to Nanjing in 2020. The number of people participating in Kongs social security in 2016 ~ 2020 is only zero, according to the report.
The revenue performance of Chengdu dianyi technology is also somewhat "surprising". In April last year, Boomsense Technology Co.Ltd(300312) also said that due to the lack of funds for game promotion, the mobile game business of Beijing dianyi Technology Co., Ltd., the controlling shareholder of Chengdu dianyi technology, was at a standstill and suffered losses from 2019 to the first half of 2021, Boomsense Technology Co.Ltd(300312) also did not announce its revenue in the 2020 annual report and the 2021 semi annual report. In addition, from its establishment in 2014 to the first half of 2021, Beijing dianyi Technology Co., Ltd. has only contributed 696700 yuan of net profit to listed companies in seven and a half years.
It is worth noting that the performance forecast does not mention the performance of the three newly established subsidiaries (two food trading companies and one online culture company) in the first half of 2021.
According to the disclosure of the announcement, Boomsense Technology Co.Ltd(300312) illegal guarantee and other accrued estimated liabilities are still large (about 118 million yuan). Boomsense Technology Co.Ltd(300312) said it would continue to communicate with creditors to obtain debt forgiveness. Today (January 29), the reporter of the daily economic news called Boomsense Technology Co.Ltd(300312) for disclosure on issues such as debt forgiveness, but was not connected.
