Stock abbreviation: Insigma Technology Co.Ltd(600797) securities code: 600797 No.: 2022-011 Insigma Technology Co.Ltd(600797)
Stock trading abnormal fluctuations and risk warning announcement
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:
The company’s stock price fluctuates greatly in the short term, and the price earnings ratio is high. According to the relevant valuation data of China Securities Index Co., Ltd., as of the closing on February 23, 2022, the latest static P / E ratio of the company was 156.25, and the latest static P / E ratio of the software and information technology service industry of the company was 58.27. Please pay attention to the transaction risk of the secondary market and invest rationally.
On January 27, 2022, the company disclosed the announcement of annual performance loss in 2021. It is estimated that the net profit attributable to the shareholders of the listed company in 2021 will be – 630 million yuan to – 540 million yuan, and the net profit attributable to the shareholders of the listed company after deducting non recurring profits and losses will be – 650 million yuan to – 560 million yuan, This is mainly due to the company’s intention to withdraw an impairment provision of RMB 570-660 million for the goodwill formed by the acquisition of Huatong cloud data.
The main reason for the provision for goodwill impairment this time is due to the impact of IDC industry conditions and business strategy changes of major customers. Major customers fed back to Huatong cloud data at the end of 2021 that the pricing mode and price of Qiandaohu phase I computer room will be adjusted after the expiration of the contract in 2023. It is expected that the overall price will be greatly reduced, The renewal price of Qingshanhu computer room will be reduced by about 30% in 2021; In addition, the bidding price limit of the main customers of cloud computing business in the second half of 2021 is expected to continue in the future. The above factors cause the future profitability of Huatong cloud data to be lower than expected. See the announcement on reply to inquiry letter of Shanghai Stock Exchange disclosed on the same day for details.
The company’s main business has not changed significantly. Chengdu wangxinji Weiyun Data Technology Co., Ltd., the holding subsidiary of the company holding 80% of the shares, is responsible for the construction and operation of the phase I preliminary project of the southwest cloud computing smart industry base project. At present, the construction has been completed, there are no contracted customers, and it has not been put into operation. There is uncertainty in the follow-up OTC listing progress. At present, the holding subsidiary has no income, and the scale of asset business accounts for a small proportion of the listed company, which will not have a significant impact on the operating performance of the company. At present, the company’s main computer rooms are distributed in Hangzhou and Shanghai. There are some IDC customers migrating to the central and western regions, which may lead to the risk of customer loss.
1、 Details of stock trading (abnormal) fluctuations
The deviation of the daily closing price increase of the company’s stock trading in two consecutive trading days on February 22, 2022 and February 23, 2022 is more than 20%. According to the trading rules of Shanghai Stock Exchange and other relevant regulations, it belongs to abnormal fluctuation of stock trading.
2、 Relevant information concerned and verified by the company
1. At present, the company’s production and operation activities are normal, and the business environment has not changed significantly. According to the company’s self inspection, there are no important matters that should be disclosed but not disclosed.
2. According to the company’s self-examination and the verification of the company’s largest shareholder, Wangxin group, as of the disclosure date of this announcement, the company and the company’s largest shareholder, Wangxin group, have no major events affecting the abnormal fluctuation of the company’s stock trading price; There is 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 divestiture, asset injection, share repurchase, equity incentive, bankruptcy reorganization, major business cooperation, introduction of strategic investors and other major matters involving listed companies.
3. The company did not find that the recent public media reported important unpublished information that may have a significant impact on the trading price of the company’s shares.
4. After verification by the company, the directors, supervisors, senior managers, the largest shareholder and other important shareholders of the company did not buy or sell the company’s shares during the abnormal fluctuation of the company’s stock trading.
3、 Board statement
The board of directors of the company confirms that the company does not have any matters that should be disclosed but not disclosed in accordance with the relevant provisions of the stock listing rules or the planning, negotiation, intention and agreement related to such matters, and the board of directors has not been informed of the matters that should be disclosed but not disclosed in accordance with the relevant provisions of the stock listing rules Information that may have a great impact on the trading price of the company’s shares and their derivatives; The information disclosed by the company in the early stage does not need to be corrected or supplemented.
4、 Relevant risk tips
1. The company’s stock price fluctuates greatly in the short term, and the price earnings ratio is high. According to the relevant valuation data of China Securities Index Co., Ltd., as of the closing on February 23, 2022, the latest static P / E ratio of the company was 156.25, and the latest static P / E ratio of the software and information technology service industry of the company was 58.27. Please pay attention to the transaction risk of the secondary market and invest rationally.
2. On January 27, 2022, the company disclosed the announcement of annual performance loss in 2021 (Announcement No.: 2022-002). It is expected that the net profit attributable to the shareholders of the listed company in 2021 will reach -630 million yuan
-540 million yuan, net profit attributable to shareholders of listed companies after deducting non recurring profits and losses – 650 million yuan to – 560 million yuan. This performance loss is mainly due to the company’s intention to withdraw an impairment provision of RMB 570-660 million for the goodwill formed by the acquisition of Zhejiang Huatong Cloud Data Technology Co., Ltd. (hereinafter referred to as “Huatong cloud data”). The main reason for the provision for goodwill impairment this time is due to the impact of IDC industry conditions and business strategy changes of major customers. At the end of 2021, major customers fed back to Huatong cloud data that the pricing mode and price of Qiandaohu phase I computer room will be adjusted after the expiration of the contract in 2023. It is expected that the overall price will be greatly reduced, and the renewal price of Qingshanhu computer room in 2021 will be reduced by about 30%; In addition, the bidding price limit of the main customers of cloud computing business in the second half of 2021 is expected to continue in the future. The above factors cause the future profitability of Huatong cloud data to be lower than expected. See the announcement on reply to inquiry letter of Shanghai Stock Exchange (Announcement No.: 2022-010) disclosed on the same day for details.
3. The company’s main business has not changed significantly. Chengdu wangxinji Weiyun Data Technology Co., Ltd., the holding subsidiary of the company holding 80% of the shares, is responsible for the construction and operation of the phase I preliminary project of the southwest cloud computing smart industry base project. At present, the construction has been completed, there are no contracted customers, and it has not been put into operation. There is uncertainty in the follow-up OTC listing progress. At present, the holding subsidiary has no income, and the scale of asset business accounts for a small proportion of the listed company, which will not have a significant impact on the operating performance of the company. At present, the company’s main computer rooms are distributed in Hangzhou and Shanghai. There are some IDC customers migrating to the central and western regions, which may lead to the risk of customer loss.
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), The information about the company shall be subject to the information published in the above designated media. Please invest rationally and pay attention to investment risks.
It is hereby announced.
Insigma Technology Co.Ltd(600797) board of directors February 23, 2002
