Securities code: 600275 securities abbreviation: * ST Changyu Announcement No.: 2022-005 Hubei Wuchangyu Co.Ltd(600275)
Announcement of abnormal fluctuations in stock trading
The board of directors and all directors of the company guarantee that there are no false records, misleading statements or major omissions in the contents of this announcement, and bear individual and joint liabilities for the authenticity, accuracy and completeness of its contents.
Important content tips:
● Stock Trading (abnormal) fluctuation: the deviation of the closing price of the company’s shares from the value has exceeded 15% in three consecutive trading days.
● after self inspection and verification with Zhongrong International Trust Co., Ltd., the trustee of the controlling shareholder “Zhongrong rongya No. 35 collective fund trust plan”, there are no major matters that should be disclosed but not disclosed as of the disclosure date of this announcement, except for the disclosed matters.
● major risk tips:
The audited net profit attributable to the shareholders of the listed company in 2020 is negative, and the amount of operating income after deduction is less than RMB 100 million. The company has been warned of delisting risk. If the audited net profit of the company in 2021 (less than the lower one) is negative and the operating income is less than RMB 100 million, or in any case specified in article 9.3.11 of the Listing Rules of Shanghai Stock Exchange (revised in January 2022), the listing of the company’s shares will be terminated. Please pay attention to the relevant risks.
1、 Details of abnormal fluctuations in stock trading
Hubei Wuchangyu Co.Ltd(600275) (hereinafter referred to as “the company”) shares fell by more than 15% from the closing price on January 28, February 7 and February 8, 2022. According to the relevant provisions of the trading rules of Shanghai Stock Exchange and the measures for the administration of stock trading on the risk warning board of Shanghai Stock Exchange, it belongs to abnormal fluctuations in stock trading.
2、 Relevant information concerned and verified by the company
In view of the abnormal fluctuation of the company’s stock trading, the company checked the relevant matters and inquired the controlling shareholders, all directors, supervisors and senior managers by telephone and letter. The relevant information is described as follows:
(I) production and operation
Through self inspection, the production and operation order of the company and its holding subsidiaries is normal; The market environment and industrial policies of the company have not been significantly adjusted, and the production cost and sales have not fluctuated significantly; The company has not signed or negotiated major contracts recently.
(II) major events
After self-examination and inquiry and verification with the controlling shareholders, except for the disclosed matters, as of the disclosure date of this announcement, the company and the controlling shareholders have no other major matters that should be disclosed but not disclosed, including but not limited to major asset restructuring, share issuance, acquisition, debt restructuring, business restructuring, asset stripping, asset injection, share repurchase, equity incentive, bankruptcy reorganization Major business cooperation, introduction of strategic investors and other major issues. (III) media reports, market rumors and hot concepts
After verification, the company did not find any media reports or market rumors that may have a significant impact on the trading price of the company’s shares, nor did it involve the concept of market hot spots.
(IV) other stock price sensitive information.
After verification, except for the matters disclosed at the beginning, the company did not find any major events that may have a great impact on the stock price of the listed company. After self inspection and inquiry and verification with the controlling shareholders, the controlling shareholders, directors, supervisors and senior managers of the company did not buy or sell the company’s shares during the abnormal fluctuation of this stock trading.
3、 Relevant risk tips
(I) secondary market transaction risk
On January 28, February 7 and February 8, 2022, the daily closing price of the company’s shares fell by more than 15% in total. The actual fluctuation range of the share price after excluding the overall factors of the market is large. The company solemnly reminds the majority of investors that the relevant company information can be found on the website of Shanghai Stock Exchange (www.sse. Com. CN.) And the relevant announcements published by the designated information disclosure media such as China Securities Journal. Please pay attention to the trading risks in the secondary market, make rational decisions and invest prudently.
(II) risk of possible delisting
The audited net profit attributable to the shareholders of the listed company in 2020 is negative, and the amount of operating income after deduction is less than RMB 100 million. The company has been warned of delisting risk. If the audited net profit of the company in 2021 (less than the lower one) is negative and the operating income is less than RMB 100 million, or in any case specified in article 9.3.11 of the Listing Rules of Shanghai Stock Exchange (revised in January 2022), the listing of the company’s shares will be terminated. Please pay attention to the relevant risks.
See the details above on the website of Shanghai Stock Exchange (www.sse. Com. CN.) on January 29, 2022 Disclosure of the risk warning announcement on the possible delisting of shares (Announcement No.: 2022-003).
(III) other relevant instructions and risk tips
The company disclosed the performance forecast of 2021 on January 29, 2022. According to the preliminary calculation of the financial department, the net profit attributable to the shareholders of the listed company in 2021 is expected to be about – 28.5 million yuan; It is estimated that the net profit attributable to the shareholders of the listed company after deducting non recurring profits and losses is about – 34.5 million yuan; It is estimated that the company’s annual operating income in 2021 will be about 110 million yuan, and the operating income after deducting the business income irrelevant to the main business and the income without commercial substance is about 106 million yuan; It is estimated that the net assets attributable to the shareholders of the listed company will be about 8 million yuan by the end of 2021. This performance forecast is only preliminary accounting data, which has not been audited by certified public accountants. The final financial data shall be subject to the audited 2021 annual report officially disclosed by the company. As the company has not hired a new annual audit accountant up to now, and has not submitted the special statement on the elimination of delisting risk warning issued by the annual audit accounting firm, there is still uncertainty whether the audited final financial data of the company in 2021 meet the requirements of revoking the “delisting risk warning”, Assuming that after deducting the business income irrelevant to the main business and the income without commercial substance, the company’s operating income is less than 100 million yuan, the company’s shares may be delisted. Please pay attention to the relevant risks.
See the details above on the website of Shanghai Stock Exchange (www.sse. Com. CN.) on January 29, 2022 The announcement on the advance loss of annual performance in 2021 (Announcement No.: 2022-002) disclosed. The company attaches great importance to the preparation and disclosure of the 2021 annual report and is actively promoting relevant work in accordance with relevant regulations and requirements. In view of the resignation of the original annual audit accounting firm, the company is now fully demonstrating the professional competence of the proposed accounting firm in combination with the business scale, investor protection ability, independence, integrity and other information of the accounting firm. In the follow-up, the company will perform the necessary review procedures and complete the appointment of the annual audit accounting agency in accordance with the law as soon as possible, Timely disclose the annual report to the public and ensure that the information disclosure is true, accurate and complete.
4、 Statement of the board of directors and commitments of relevant parties
The board of directors of the company confirms that, except for the disclosed matters, the company does not have any matters that should be disclosed but not disclosed in accordance with the relevant provisions of the stock listing rules or the planning, negotiation, intention and agreement related to such matters, and the board of directors has not been informed of the matters that should be disclosed but not disclosed in accordance with the relevant provisions of the stock listing rules Information that may have a great impact on the trading price of the company’s shares and their derivatives; The information disclosed by the company in the early stage does not need to be corrected or supplemented.
5、 Annexes and documents for future reference
Written replies from controlling shareholders, actual controllers or other relevant parties
It is hereby announced.
Hubei Wuchangyu Co.Ltd(600275) board of directors February 9, 2002
