Pull two 20cm limit in a row! Here comes the regulatory concern letter

On February 9, the concept of digital currency continued to soar, with the sector rising by more than 8%, Shenzhen Emperor Technology Company Limited(300546) talked about digital RMB on the investor interaction platform, and the 20cm limit rose for two consecutive days. After the closing, the regulatory attention letter came.

Shenzhen stock exchange requires the company to explain the specific content, profit model, main customers and the income and profit generated in the last two years, combined with the R & D investment, development, core technology reserves and application scenarios, orders on hand, etc, Explain the basis for judging that "the future company will form the import business opportunities of digital currency through the aggregation of payment business, so as to reserve market opportunities for the further promotion of digital currency in the future".

As early as January 14, the company was interactive and easy to release the relevant information of current hot spots such as digital currency, electronic ID card, digital twin, blockchain and digital economy, and the next trading day also received a 20cm limit.

Subsequently, the controlling shareholder and actual controller of the company threw out the reduction plan and planned to sell shares accounting for 2% of the total share capital of the company through the secondary market from February 14, and cash out 107 million yuan according to the latest price. The Shenzhen stock exchange requires the company to check "whether there are situations such as actively catering to market hot spots, hyping the company's share price and cooperating with shareholders to reduce their holdings".

Shenzhen Emperor Technology Company Limited(300546) : some cities have been online

Shenzhen Stock Exchange: how much revenue and profit does it generate?

Due to the edge of digital currency, from February 7 to February 9, 2022, Shenzhen Emperor Technology Company Limited(300546) has increased by 55.43% in three days, and has increased by 20cm in recent two days. The cumulative increase in recent 60 days is 146.75%, and the cumulative increase since the beginning of the year is 121.30%.

Shenzhen Emperor Technology Company Limited(300546) said on the interactive platform in the early stage, "the company has been actively studying digital currency technology and participating in the pilot work of digital RMB. At present, our technical reserve and pilot application have been completed, and our terminal products can support the use of digital RMB in bus, subway and other application scenarios".

In addition, the company also said, "in terms of digital currency, the company has invested in research and development to open up the use scenario of digital RMB in the field of bus payment, which has been used online in Suzhou, Wujiang and other cities. In the future, the company will form the import business opportunities of digital currency through the aggregation of payment business, so as to reserve market opportunities for the further promotion of digital currency in the future".

The main business of Shenzhen Emperor Technology Company Limited(300546) is mainly divided into two directions: smart government and smart bus. Therefore, the Shenzhen Stock Exchange issued a concern letter after the closing of the 9th, asking the company to explain the relationship between the digital currency business and the company's current main business, the specific content, profit model, main customers and the income and profit generated in the last two years, and fully remind the risk.

At the same time, Shenzhen stock exchange requires the company to explain the basis for judging that "in the future, the company will form the import business opportunities of digital currency through aggregate payment business, so as to further promote the reserve market opportunities of digital currency in the future" in combination with the R & D investment, development, core technology reserves and application scenarios, on-hand orders, etc.

In addition, the Shenzhen Stock Exchange asked the company to conduct a comprehensive self-examination in combination with the answers to the above questions to see whether it objectively, truly, accurately and completely introduced and reflected the actual business conditions of the company in information disclosure, easy interaction, other investor relations management activities and media publicity, whether it truthfully disclosed the impact of relevant businesses on the company's performance, and whether it fully prompted the risks of relevant businesses.

the actual controller will open the reduction window next Monday

cash out more than 100 million yuan at the latest price

As early as January 14, the company answered seven questions at one go on the interactive platform of Shenzhen Stock Exchange. In addition to digital RMB, it also involves electronic ID card, digital twin, blockchain, digital economy, etc., which are the most popular concepts in the two cities recently.

With regard to digital RMB, the company said that it invested in research and development to open up the use scenario of digital RMB in the field of bus payment, and took the lead in online use in Wujiang, Suzhou in April 2021.

With regard to blockchain, the company said that it has many years of technical accumulation in the fields of e-election and e-government in the field of blockchain, and has established a joint laboratory with the blockchain research center of Peking University to jointly carry out research on blockchain technology and digital identity. The company has developed smart code identity authentication technology combined with blockchain, has a number of patents, and has good application cases in the field of digital city services and public security in Shenzhen, Shanghai, Xinjiang and other cities.

With regard to the digital economy, the company said that it is committed to becoming a "leading enterprise in the application of trusted digital identity and artificial intelligence industry". The company makes full use of trusted identity technology, artificial intelligence technology, digital security technology, blockchain and other technologies to provide integrated online services for users such as governments, institutions and enterprises The overall solution of identity recognition and intelligent management for offline multi scenario applications serves the fields of public security, foreign affairs, banking, social security, public transport and subway, as well as the application solutions for overseas security documents, election activities, public transport, smart government and other scenarios.

The next trading day (January 17) after answering these questions, the company's share price opened and went up sharply, and finally recorded a 20 cm limit at the close.

At this time, Gao Jing, the controlling shareholder and actual controller of the company, threw out the reduction plan.

Gaojing holds 51.0225 million shares of the company (accounting for 37.57% of the total share capital of the company), and plans to reduce 2.7163 million shares of the company by centralized bidding within 6 months after 15 trading days from the announcement date, accounting for 2% of the total share capital of the company. Based on the closing price on February 9, it is expected to cash out about 107 million yuan.

It is worth noting that the reduction announcement date is January 17, "within 6 months after 15 trading days from the announcement date", that is to say, the reduction window will be officially opened on February 18 (next Monday).

Explain whether the company actively meets the requirements of the market for speculation and reduction of stock price, and whether the company actively cooperates with the market.

deduction of non net profit loss of 26 million in 2020

only 500000 to 4.65 million are expected in 2021

What is extremely disproportionate to the soaring share price of Shenzhen Emperor Technology Company Limited(300546) is the company's performance.

On January 28, the company issued the performance forecast for 2021, which showed that the net profit attributable to the shareholders of the listed company was 8.35 million yuan to 12.5 million yuan. Among them, non recurring profit and loss contributed a large part. During the reporting period, the company expects the impact of non recurring profit and loss on the company's net profit to be about 7.85 million yuan, mainly due to government subsidy income. After deducting non recurring profits and losses, its net profit is only 500000 yuan to 4.65 million yuan.

The Shenzhen stock exchange requires the company to analyze and explain whether the company's fundamentals have changed significantly, whether the recent share price rise matches the company's fundamentals, whether the change range is consistent with that of Listed Companies in the same industry, and conclude the valuation, P / E ratio Fully prompt the risk of stock price fluctuation according to the change of stock price.

It is worth mentioning that Shenzhen Emperor Technology Company Limited(300546) recorded its first loss since listing in 2020, with a loss of 15.3008 million yuan and a loss deducting non net profit of 26.32 million yuan.

The company attributed the loss to the covid-19 epidemic, "the operation of the company has been greatly impacted. Due to the pressure of epidemic prevention and control, the project delay and project implementation have a great impact in China's public service intelligent business fields such as public security entry-exit and public transportation; at the same time, the overseas business has been blocked by traffic and personnel flow, and there are great difficulties in business expansion and project implementation".

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