Egls Co.Ltd(002619) (002619) accelerated to the edge of delisting. The company announced that its performance was revised to RMB 6.2 billion last year, and its performance was significantly revised to RMB 6.2 billion in 2021-2025. According to the previous performance forecast of Egls Co.Ltd(002619) , the company expects the net profit range of 2021 to be a loss of 75.6688 million yuan – 114 million yuan, and the deduction of non net profit range to be a loss of 74.2175 million yuan – 92.7718 million yuan.
Egls Co.Ltd(002619) there were three main reasons for the loss of nearly 400 million yuan last year:
Before January 31, the company’s annual audit accountant sent a letter to the relevant parties of game revenue from January to June 2021. Up to now, the confirmation reply of the other party to the revenue has not been received. After preliminary negotiation, the game revenue of about 20 million yuan is uncertain.
Before January 31, the annual audit accountant sent a letter to the accounts receivable Party of the previous year. Up to now, the reply from the accounts receivable party has not been received. After preliminary discussion, the company plans to withdraw the above accounts receivable of about 290 million yuan in full for bad debts, but reserves the right to take relevant legal measures.
In November 2020, Hangzhou soying Technology Co., Ltd., a subsidiary of the company, transferred 100% equity of its subsidiary horgosteixiang Network Technology Co., Ltd. for 0 yuan. As of May 31, 2021, the balance of dividends receivable was 106 million yuan. In July 2021, the company has been cancelled, and it is unlikely to recover. It is proposed to withdraw bad debts in full for dividends receivable.
Bad news followed. Egls Co.Ltd(002619) also disclosed the risk warning of stock delisting that night.
The announcement said that after the preliminary communication between the company and the audit institution, the company’s 2021 financial report may issue non-standard audit opinions on operating income, accounts receivable, capital occupation and other matters. At the same time, according to the preliminary accounting of the company, the revised performance net profit of Listed Companies in 2021 is still negative, and the operating revenue is still less than 100 million yuan.
In addition, as of February 15, the closing price of the company’s share price was 1.09 yuan. According to relevant regulations, if the daily closing price of the company’s share price is lower than 1 yuan for 20 consecutive trading days, the listing and trading of the company’s shares may be terminated by Shenzhen Stock Exchange.
It is noteworthy that as of October 29, 2021, Egls Co.Ltd(002619) still had 54700 shareholders, with an average of 26200 shares. The Egls Co.Ltd(002619) behind this embarrassing situation is inevitably “one chicken feather”.
On the evening of November 17, 2021, Egls Co.Ltd(002619) announced that because the company was suspected of illegal information disclosure and was filed for investigation by the CSRC, the company was given a warning and fined 5 million yuan. However, according to the determination of the prior notice of administrative punishment and market prohibition, the company preliminarily judged that the above-mentioned acts did not touch the situation of compulsory delisting.
According to the notice, the company is suspected of not disclosing the guarantee of the holding subsidiary in the fifth periodic report from 2018 to 2020, and not disclosing the non operational occupation of funds by related parties in the 2019 annual report, with major omissions; The company twice recorded the account with the false certificate of opening a fixed deposit account, resulting in the false increase of other current assets and profits in the third quarterly report and the fourth periodic report from 2019 to 2020.
Egls Co.Ltd(002619) on November 22, 2021, it was announced that the company received the notice of case filing issued by Jinhua public security department on that day, informing the former chairman and general manager Wang Shuangyi and financial director Liu Hanyu that the case of misappropriation of funds met the criminal filing standards, and the case has been filed for investigation.
