As soon as the front foot submitted the application to revoke the delisting risk warning and other risk warnings, the back foot received the supervision letter. The protagonist of this plot is Bus Online Co.Ltd(002188) .
peak turn
Assisted by the free gift of property assets from related parties and the receipt of compensation for expropriation and relocation, Bus Online Co.Ltd(002188) on the edge of delisting regained its vitality.
In 2020, the operating income of Bus Online Co.Ltd(002188) was 13.1861 million yuan, the net profit attributable to the parent was -114 million yuan, and the net profit deducted was -25.1101 million yuan. By the end of 2020, the company’s net assets attributable to shareholders of listed companies were -113 million yuan. According to relevant rules, Bus Online Co.Ltd(002188) shares are subject to delisting risk warning.
At the same time, due to the freezing of the company’s main bank accounts, the company’s losses after deducting non profits for three consecutive fiscal years (2018-2020), and the audit report in 2020 shows that there is uncertainty in the company’s sustainable operation ability, according to relevant rules, Bus Online Co.Ltd(002188) shares are subject to other risk warnings.
On the evening of January 28, Bus Online Co.Ltd(002188) released its annual report for 2021 and disclosed the announcement on applying for cancellation of delisting risk warning and other risk warnings
source: company announcement
Bus Online Co.Ltd(002188) said that the company’s operating revenue in 2021 was 274 million yuan, the net profit attributable to the parent was 149 million yuan, and the net profit deducted from non net profit was 6.1744 million yuan; At the end of 2021, the net assets attributable to the shareholders of the listed company were 51.5764 million yuan; The freezing of major bank accounts has been eliminated.
As for the sustainable operation ability, Bus Online Co.Ltd(002188) explanation: in order to solve the weak problem of the company’s main business and effectively enhance the company’s sustainable operation ability, the related party Zhongtian Meihao Group donated its 100% equity of Zhongtian Meihao service to the company free of charge. The main business of Zhongtian Meihao service is property management, which effectively improved the asset quality of the company, Enhanced the company’s ability to continue operating.
regulatory follow-up
On the morning of January 29, Shenzhen Stock Exchange issued a supervision letter to Bus Online Co.Ltd(002188)
source: company announcement
According to the supervision letter, it was found that as of December 30, 2021, Bus Online Co.Ltd(002188) had daily related party transactions with the related party Zhongtian holding group and its controlled companies in this year of about 101 million yuan, exceeding the estimated amount by about 23 million yuan, accounting for 20.31% of the company’s latest audited net assets. However, Bus Online Co.Ltd(002188) failed to timely perform the review procedures for daily connected transactions exceeding the expected amount, and the company did not perform the review procedures of the general meeting of shareholders until December 30, 2021.
Shenzhen Stock Exchange believes that the above-mentioned acts of Bus Online Co.Ltd(002188) violate relevant regulations. It is hoped that the company and all “directors, supervisors and senior managers” will learn lessons and make timely rectification to prevent the recurrence of the above-mentioned problems. At the same time, remind the company and all “directors, supervisors and senior managers” to strictly abide by relevant laws and regulations and prevent such incidents.
It should be noted that Tianyan inspection shows that the above-mentioned Bus Online Co.Ltd(002188) related party Zhongtian Meihao group is a subsidiary controlled by Zhongtian holding group, which is controlled by Lou Yongliang, the actual controller of Bus Online Co.Ltd(002188) . At present, the controlling shareholder of Bus Online Co.Ltd(002188) is Shanghai Tianji Investment Co., Ltd., which is wholly owned by Zhongtian holding group.
According to the official website, Zhongtian holding group is a large enterprise group with three main business sectors: engineering services, real estate and community services, and new material manufacturing. It is headquartered in Hangzhou. In 2020, Zhongtian holding group achieved an output value and sales revenue of 150 billion yuan, ranking 203 among the top 500 Chinese enterprises.
According to the latest closing price, Bus Online Co.Ltd(002188) has a total market value of 1.337 billion yuan, ranking the last 39 in the A-share market
source: choice
