Securities code: 000820 stock abbreviation: Shenwu Energy Saving Co.Ltd(000820) Announcement No.: 2022-006 Shenwu Energy Saving Co.Ltd(000820)
Announcement on the risk of delisting of the company’s shares
The company and all members of the board of directors guarantee that the information disclosed is true, accurate and complete without false records, misleading statements or major omissions.
Important:
According to article 9.3.5 of the Listing Rules of Shenzhen Stock Exchange (revised in 2022) (hereinafter referred to as the “Listing Rules”) “due to the occurrence of items (I) to (III) of paragraph 1 of article 9.3.1 of these rules Under the circumstances of item, if the delisting risk warning is implemented for its stock trading, it shall disclose the risk warning announcement that the stock may be delisted within one month after the end of the accounting year of the year in which the delisting risk warning is implemented for its stock trading, and disclose the risk warning announcement at least twice before the disclosure of the annual report of the year. ” According to the provisions of Shenwu Energy Saving Co.Ltd(000820) (hereinafter referred to as “the company”) to disclose this risk warning announcement, please pay attention to the investment risk.
1、 About the delisting risk warning and other risk warnings implemented in the company’s stock trading
The company’s 2020 annual report shows that the lower of the net profit before and after deducting non recurring profits and losses in 2020 is negative, the annual operating income is less than 100 million yuan, and the audited ending net assets are negative; At the same time, the company’s 2020 internal control audit report was issued with an opinion unable report by the accounting firm; The net profit of the company before and after deducting non recurring profits and losses in the last three years, whichever is lower, is negative, and the 2020 audit report shows that there is uncertainty in the company’s sustainable operation ability, and the company’s main bank account is frozen. According to the relevant provisions of the Listing Rules of Shenzhen Stock Exchange, the company’s shares have continued to be subject to “delisting risk warning” and “other risk warning” by Shenzhen Stock Exchange since the disclosure of the 2020 annual report.
2、 Possible delisting situations of the company
According to the provisions of article 9.3.11 of the Listing Rules of Shenzhen Stock Exchange (revised in 2022): after the delisting risk warning is implemented for the stock trading of a listed company due to the circumstances in items (I) to (III) of paragraph 1 of article 9.3.1 of these rules, one of the following circumstances occurs in the first accounting year, Shenzhen stock exchange decides to terminate the listing and trading of its shares: (I) the audited net profit is negative and the operating income is less than 100 million yuan, or the net profit of the most recent fiscal year is negative and the operating income is less than 100 million yuan after retroactive restatement; (II) the audited ending net assets are negative, or the ending net assets of the latest fiscal year after retroactive restatement are negative; (III) the financial accounting report is issued with qualified opinions, unable to express opinions or negative opinions; (IV) failing to disclose the annual report guaranteed by more than half of the directors to be true, accurate and complete within the statutory time limit; (V) although it complies with the provisions of article 9.3.7, it fails to apply to the exchange for cancellation of delisting risk warning within the specified time limit; (VI) due to non-compliance with article 9.3.7, the delisting risk warning application was not reviewed and approved by the exchange. The company’s retroactive restatement leads to the occurrence of items (I) and (II) of paragraph 1 of article 9.3.1 of these rules, or after its stock trading is warned of delisting risk due to the occurrence of item (IV) of paragraph 1 of article 9.3.1, In case of any of the circumstances in items (IV) to (VI) of the preceding paragraph or the circumstances in items (I) to (III) of the preceding paragraph occur in the year next to the corresponding year of the delisting risk warning index, the Shenzhen Stock Exchange shall decide to terminate the listing and trading of its shares.
If one of the above circumstances occurs in 2021, the listing of the company’s shares will be terminated. According to the preliminary calculation of the company’s financial department, the operating income in 2021 is expected to be about 120 million yuan to 140 million yuan, and the operating income after deducting the business income irrelevant to the main business and the income without commercial substance is about 115 million yuan to 135 million yuan; The net profit attributable to the shareholders of the listed company ranges from 175 million yuan to 220 million yuan, and the net profit loss after deducting non recurring profits and losses ranges from 14.06 million yuan to 9.39 million yuan. For details, see the annual performance forecast of 2021 (Announcement No.: 2022-001) disclosed by the company on the designated information disclosure media on January 25, 2022.
3、 Other tips
1. As of the disclosure date of this announcement, the audit of the company’s 2021 annual report is still in progress, and the final financial data of 2021 shall be subject to the audited 2021 annual report disclosed by the company. The company will disclose the risk warning announcement at least twice before the disclosure of the 2021 annual report.
2. The scheduled disclosure date of the company’s 2021 annual report is April 30, 2022, and the information disclosure media designated by the company are China Securities News, Shanghai Securities News, securities daily and cninfo（ http://www.cn.info.com.cn. ）, all information of the company shall be subject to the information published in the above designated media. Investors are invited to invest rationally and pay attention to risks.
It is hereby announced.
Shenwu Energy Saving Co.Ltd(000820) board of directors February 15, 2022
