Securities code: 600575 securities abbreviation: Huaihe Energy (Group) Co.Ltd(600575) Announcement No.: pro 2022-009 Huaihe Energy (Group) Co.Ltd(600575) (Group) Co., Ltd
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:
Huaihe Energy (Group) Co.Ltd(600575) (Group) Co., Ltd. (hereinafter referred to as “the company”) shares in February 7, 2022, February 22, 2022, February 23, 2022 within three consecutive trading days, the daily closing price increase deviation value accumulated more than 20%, according to the relevant provisions of the trading rules of Shanghai Stock Exchange, belonging to abnormal fluctuations in stock trading.
On February 22, 2022, the company disclosed the plan for Huaihe Energy (Group) Co.Ltd(600575) (Group) Co., Ltd. to absorb and merge Huainan Mining (Group) Co., Ltd. and related party transactions. This major asset restructuring still needs to go through relevant approval procedures, including the approval of the general meeting of shareholders and the approval of China Securities Regulatory Commission.
After the company’s self-examination and verification in writing to the controlling shareholder and actual controller of the company, as of the disclosure date of this announcement, it is confirmed that there is no material information that should be disclosed but not disclosed.
1、 Details of abnormal fluctuations in stock trading
The deviation of the daily closing price of the company’s shares on February 7, 2022, February 22, 2022 and February 23, 2022 has exceeded 20% in total. According to the relevant provisions of the trading rules of Shanghai Stock Exchange, it belongs to abnormal fluctuation of stock trading.
2、 Relevant information concerned and verified by the company
In view of the abnormal fluctuation of the company’s shares, the company has checked the relevant matters and verified them in writing to the controlling shareholder and actual controller of the company. The relevant information is explained as follows:
(I) production and operation
According to the company’s self inspection, the company’s current production and operation activities are normal, the market environment and industrial policies have not been significantly adjusted, the internal production and operation order is normal, and there are no major matters that should be disclosed but not disclosed.
(II) major events
On February 22, 2022, the company disclosed the plan for Huaihe Energy (Group) Co.Ltd(600575) (Group) Co., Ltd. to absorb and merge Huainan Mining (Group) Co., Ltd. and related party transactions. This major asset restructuring still needs to go through relevant approval procedures, including the approval of the general meeting of shareholders and the approval of China Securities Regulatory Commission. In addition, through the self-examination of the company and the confirmation of the controlling shareholder and actual controller of the company, up to now, the controlling shareholder and actual controller of the company have no major information that should be disclosed but not disclosed involving the company, 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, market rumors and hot concepts
Through the company’s self-examination, no media reports or market rumors requiring clarification or response from the company were found, and the concept of market hot spots was not involved.
(IV) other stock price sensitive information
According to the company’s self-examination, the company did not find any other major events that may have a great impact on the company’s stock price. During the abnormal fluctuation of stock trading, the company’s directors, supervisors, senior managers, controlling shareholders and their concerted actions did not buy or sell the company’s shares.
3、 Relevant risk tips
(I) the daily closing price of the company’s shares has deviated from the value by more than 20% in three consecutive trading days. The recent stock price rise of the company is large, which reminds investors to pay attention to the trading risk of the company’s secondary market.
(II) according to the annual performance forecast of the company in 2021, it is expected that the net profit attributable to the shareholders of the company in 2021 will be reduced by 31.7 million yuan to 61.7 million yuan compared with the same period of last year (statutory disclosure data), with a year-on-year decrease of 6.67% to 12.98%; Compared with the same period of the previous year (legally disclosed data), the net profit after deducting non recurring profits and losses attributable to the shareholders of the company will decrease by 10.4 million yuan to 40.4 million yuan, a year-on-year decrease of 3.03% to 11.75%. The change of the company’s performance in 2021 is mainly due to the increase of coal-fired cost of the company’s wholly-owned power plant. For details, please refer to the announcement on 2021 annual performance forecast of Huaihe Energy (Group) Co.Ltd(600575) (Group) Co., Ltd. (p.2022-001) disclosed by the company on January 25, 2022.
(III) this major asset reorganization still needs to go through relevant approval procedures, including the approval of the company’s general meeting of shareholders and the approval of China Securities Regulatory Commission. The company will timely fulfill the obligation of information disclosure according to the progress. Please invest rationally and pay attention to investment risks.
4、 Board statement
The board of directors of the company confirms that, in addition to the disclosure matters involved in part II above, the company does not have any 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, The board of directors has not been informed of the information that should be disclosed but not disclosed in accordance with the relevant provisions of the Listing Rules of Shanghai Stock Exchange and other relevant provisions, which 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. It is hereby announced.
Board of directors of Huaihe Energy (Group) Co.Ltd(600575) (Group) Co., Ltd. February 24, 2022
