Since the beginning of this year, the concept of digital currency has sprung up. Individual stocks such as Shenzhen Emperor Technology Company Limited(300546) (300546, SZ; yesterday's closing price of 38.67 yuan) and Hengbao Co.Ltd(002104) (002104, SZ; yesterday's closing price of 13.83 yuan) have soared, of which the market value of Shenzhen Emperor Technology Company Limited(300546) has doubled. On February 14, Shenzhen Emperor Technology Company Limited(300546) elaborated on its digital currency business in response to the attention letter of Shenzhen Stock Exchange. Since 2021, the contract amount of such business of the company is only 225000 yuan. "The digital RMB business has not had a significant impact on the company's operating performance." The company said so.
It is worth mentioning that under the soaring stock price, Shenzhen Emperor Technology Company Limited(300546) Gao Jing, the actual controller, is also difficult to resist the temptation. More than 35 million yuan of cash arbitrage was passed on August 9. According to the reduction plan released by Gaojing in January, it will also reduce its holdings through centralized bidding transactions.
the scale of digital RMB business is small
It is reported that the digital RMB ecosystem is divided into layer 1, layer 2, layer 2.5 and layer 3. Layer 3 is the specific application scenario. The business of Shenzhen Emperor Technology Company Limited(300546) does not involve chips, basic technologies and other fields related to the issuance and circulation of digital RMB. The company mainly carries out offline scene promotion based on the main business and in accordance with the promotion requirements of local digital RMB, mainly involving the third layer.
Specifically, Shenzhen Emperor Technology Company Limited(300546) provides the transformation and upgrading of the software and hardware of the acceptance environment for the urban public transport that has adopted the company's acceptance environment construction and services; In view of the blank acceptance environment of public transport payment or urban public transport that needs to be comprehensively updated, the company provides the owner with an overall solution to the acceptance environment through market increment, and realizes business growth through software and hardware product sales and system operation services.
Although the business looks very tall, the scale is very limited at present. In 2020, Shenzhen Emperor Technology Company Limited(300546) had no business income related to digital RMB. In 2021, the company's digital RMB related business realized an operating revenue of 141500 yuan, accounting for 0.05% of the company's operating revenue in the first three quarters of 2021. This income comes from the software development contract for digital RMB online payment transformation of Wujiang bus vehicle terminal signed by Shenzhen Emperor Technology Company Limited(300546) and Suzhou citizen card Co., Ltd., with a total contract amount of 150000 yuan. At the same time, Shenzhen Emperor Technology Company Limited(300546) said it planned to promote the digital RMB business of vehicle terminal to the payment application scenario of parking lot, with an order amount of 75000 yuan on hand.
In addition, the listed company disclosed that the intelligent coin operated all-in-one machine based on bus payment scenario application that it is putting into research and development fully supports payment methods such as cash and electronic payment (including digital RMB). After the product is mature and launched into the market, it will provide better technical means for the comprehensive digitization of urban bus operators in the field of public payment. Shenzhen Emperor Technology Company Limited(300546) believes that with the promotion of digital RMB in many cities in the application scenario of bus payment, it is more conducive to the company's market promotion in the cities covered by the company's aggregated payment terminals, but there is uncertainty about whether it can produce performance in the end.
Investors have different opinions on the development of Shenzhen Emperor Technology Company Limited(300546) digital RMB business. Some people think that the business is in the initial stage, and the small scale is normal. The key lies in the follow-up development; Others believe that too few orders can hardly be interpreted as good.
the actual controller of the company is busy cashing out
Since this year, investors have paid close attention to the concept of digital RMB involved in Shenzhen Emperor Technology Company Limited(300546) and continued to inquire about the layout of the company's digital RMB business through interactive platforms. At the same time, the concept of A-share digital RMB is booming, and the stock price of Shenzhen Emperor Technology Company Limited(300546) is also soaring. Since this year, the company's share price has risen from less than 18 yuan / share to the current 37.35 yuan / share (as of the closing on February 14), with a market value of 5.073 billion yuan and a cumulative increase of about 2.653 billion yuan.
"Up to now, the company's operation is normal and there has been no significant change in fundamentals. The increase of the company's share price is significantly higher than the change degree of the company's fundamentals, which does not match the company's current fundamentals." Shenzhen Emperor Technology Company Limited(300546) said in the reply announcement.
In the letter of concern, the regulators asked the company to explain whether it actively catered to market hot spots and hyped the company's share price. In this regard, Shenzhen Emperor Technology Company Limited(300546) believes that in the process of information disclosure and interaction, it responds prudently and objectively in accordance with the requirements of laws and regulations, introduces and reflects the actual business situation of the company objectively, truly, accurately and completely, and does not actively cater to market hot spots, hype the company's share price, cooperate with shareholders to reduce their holdings, etc.
It is worth mentioning that Gao Jing, the actual controller and chairman of Shenzhen Emperor Technology Company Limited(300546) has become one of the main beneficiaries of the rise of the company's share price. The listed company disclosed that Gaojing reduced 660000 shares and 617000 shares respectively through block trading on February 8 and 9, totaling 1277000 shares, accounting for 0.9403% of the total share capital of the company. The total amount of cash out in two days is about 35.3284 million yuan. From the disk, the share price of Shenzhen Emperor Technology Company Limited(300546) rose continuously on February 8 and 9, and the reduction price of Gaojing was more than 20% lower than the closing price of the company on that day.
In addition to the reduction already implemented above, Gaojing is still in the process of reducing its holdings. Shenzhen Emperor Technology Company Limited(300546) it was disclosed in mid January that Gaojing planned to reduce 2.7163 million shares of the company (accounting for 2% of the total share capital of the company) by means of centralized bidding within 6 months from the date of reduction. The reduction plan can be implemented only on February 15 and within six months thereafter. "Ms. Gao Jing's proposed reduction is due to her own capital needs, but she continues to be optimistic about the development and prospects of the company." Shenzhen Emperor Technology Company Limited(300546) scale.
