Securities code: 600939 securities abbreviation: Chongqing Construction Engineering Group Co.Ltd(600939) Announcement No.: pro 2022-010 convertible bond Code: 110064 convertible bond abbreviation: Construction Engineering convertible bond
Chongqing Construction Engineering Group Co.Ltd(600939)
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:
Chongqing Construction Engineering Group Co.Ltd(600939) (hereinafter referred to as "the company" or "the company") shares have deviated from the closing price by more than 20% for three consecutive trading days from February 7 to February 9, 2022. According to the relevant provisions of the trading rules of Shanghai Stock Exchange, it belongs to abnormal fluctuations in stock trading.
As of the date of disclosure, there is no material information that should be disclosed by the controlling shareholders of the company but not confirmed in writing by the date of disclosure.
Secondary market transaction risk: according to the industry P / E ratio data of China Securities Index Co., Ltd., as of February 9, 2022, the latest static P / E ratio of e construction industry of the CSRC to which the company belongs is 8.41 times, and the latest P / E ratio of the company is 33.54 times, which is higher than the average level of Listed Companies in the same industry. Please invest rationally and pay attention to risks.
Impairment risk of accounts receivable: in the construction industry where the company is located, the construction period of general projects is relatively long, and there is a certain lag in the completion, acceptance, audit and final accounts of the project. Therefore, the balance of accounts receivable of the company is large, the turnover speed of accounts receivable is slow, and there is a certain risk of collection of accounts receivable. As of September 30, 2021, the company's accounts receivable were 15240323302.79 yuan and contract assets were 20583671850.61 yuan. The total value of the two was 35823995153.40 yuan, accounting for 47.65% of the total assets of the current period. The company will make provision for impairment of relevant receivables in accordance with the accounting standards, and timely and fully assess and disclose the impact of the above risks on the financial statements according to the audit.
1、 Details of abnormal fluctuations in stock trading
The company's stock was traded from February 7, 2022 to February 9, 2022. The cumulative deviation of the closing price increase from the value exceeded 20%. According to the relevant provisions of the trading rules of Shanghai Stock Exchange, it belongs to abnormal fluctuations in stock trading.
2、 Relevant information concerned and verified by the company
(I) production and operation
According to the company's self inspection, the company's current production and operation activities are normal, and there is no significant change in its daily operation.
(II) major events
Through self-examination, the company sent a letter to the controlling shareholders of the company for inquiry. As of the disclosure date of this announcement, the company, the controlling shareholders and the actual controllers have no major information 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 and hot spot concepts
Recently, the company has not found any media reports or market rumors that may have a significant impact on the trading price of the company's shares that need to be clarified or responded.
(IV) other stock price sensitive information
According to the company's self-examination, as of the disclosure date of the announcement, the company has not found any other major events that may have a great impact on the company's share price. The company's directors, supervisors, senior managers, controlling shareholders and actual controllers did not buy or sell the company's shares during the abnormal fluctuation of the company's shares.
3、 Board statement
The board of directors of the company confirmed that as of the disclosure date of the announcement, the company had no matters that should be disclosed but not disclosed in accordance with the relevant provisions of the Listing Rules of Shanghai Stock Exchange or the planning, negotiation, intention and agreement related to such matters, and the board of directors was not informed of the matters that should be disclosed but not disclosed in accordance with the relevant provisions of the Listing Rules of Shanghai Stock Exchange Information that may have a great impact on the trading price of the company's shares and derivatives; The information disclosed by the company in the early stage does not need to be corrected or supplemented.
4、 Relevant risk tips
Trading risk in the secondary market: the daily closing price of the company's stock price has deviated by more than 20% in three consecutive trading days. According to the industry P / E ratio data of China Securities Index Co., Ltd., as of February 9, 2022, the latest static P / E ratio of e construction industry of the CSRC to which the company belongs is 8.41 times, and the latest P / E ratio of the company is 33.54 times, which is higher than the average level of Listed Companies in the same industry. Please invest rationally and pay attention to risks.
Impairment risk of accounts receivable: in the construction industry where the company is located, the construction period of general projects is relatively long, and there is a certain lag in the completion, acceptance, audit and final accounts of the project. Therefore, the balance of accounts receivable of the company is large, the turnover speed of accounts receivable is slow, and there is a certain risk of collection of accounts receivable. As of September 30, 2021, the company's accounts receivable were 15240323302.79 yuan and contract assets were 20583671850.61 yuan. The total value of the two was 35823995153.40 yuan, accounting for 47.65% of the total assets of the current period. The company will make provision for impairment of relevant receivables in accordance with the accounting standards, and timely and fully assess and disclose the impact of the above risks on the financial statements according to the audit.
The information disclosure media designated by the company are China Securities News, Shanghai Securities News, securities times and the website of Shanghai Stock Exchange (www.sse. Com. CN), All information of the company shall be subject to the information disclosed by the above designated media and websites. The company will conscientiously perform the obligation of information disclosure and do a good job of information disclosure in a timely manner in strict accordance with the provisions and requirements of relevant laws and regulations. It is hereby announced.
Chongqing Construction Engineering Group Co.Ltd(600939) board of directors February 10, 2002
