Just now, the 10 billion state-owned listed company in Henan, the doctoral deputy general manager of the announcement company for 85 years, was detained and filed for investigation.
However, the company said that it is understood that this matter is only for the executive himself and has nothing to do with the listed company. At present, the production and operation order of the company is normal.
Let’s see what’s going on.
after 85, the doctor and vice president were detained for investigation
On March 1, Henan Yicheng New Energy Co.Ltd(300080) announced that on February 28, the company received the notice of retention and the notice of filing a case from the Lingbao Municipal Supervision Committee of the CPC Lingbao Municipal Commission of discipline inspection, and decided to take retention measures against Mr. Zhang weiqi, vice president of the company, and file a case for investigation. At present, the company has made proper arrangements for relevant work.
Henan Yicheng New Energy Co.Ltd(300080) said that the company has a perfect governance structure and internal control mechanism, and the company’s senior management team is responsible for daily operation and management. This will not have a significant impact on the company’s daily production and operation activities. It is understood that this matter is only for Mr. Zhang Weiqi himself and has nothing to do with the listed company. At present, the production and operation order of the company is normal and all businesses are advancing steadily.
Zhang weiqi, a post-85 doctor, has been the vice president of the company since September 13, 2020.
According to the resume, Zhang weiqi, male, Chinese nationality, without overseas permanent residency, was born in August 1985, with a doctoral degree.
From August 2013 to June 2014, worked in the capital operation Department of China Pingmei Shenma Group; From April 2014 to June 2014, he served as the legal adviser of Henan Pingmei Shenma Shoushan Chemical Technology Co., Ltd;
From June 2016 to March 2017, he served as the supervisor of Henan Zhongping Financing Guarantee Co., Ltd. and the legal adviser of Henan Pingmei Shenma Shoushan Chemical Technology Co., Ltd; From March 2017 to November 2018, he served as a director, deputy general manager and legal adviser of Henan Zhongping Financing Guarantee Co., Ltd; From November 2018 to April 2019, he served as a director, deputy general manager and legal adviser of Henan Zhongping Financing Guarantee Co., Ltd. and a member of the working group dispatched by China Pingmei Shenma Group to Henan Construction Group Co., Ltd;
From April 2019 to now, he has served as the director, deputy general manager and legal adviser of Henan Zhongping Financing Guarantee Co., Ltd., and the leader of the legal litigation team of the deepening reform leading group of Henan Construction Group Co., Ltd.
Henan Yicheng New Energy Co.Ltd(300080) is a state-owned holding enterprise with its registered address and office in Kaifeng City, Henan Province. According to the official website, the company is a listed enterprise with mixed ownership dominated by new materials, new energy, energy conservation and environmental protection. The shareholding ratio of China Pingmei Shenma Group, the largest shareholder, is 46.98%, and the actual controller is Henan SASAC.
On March 1, Henan Yicheng New Energy Co.Ltd(300080) shares rose 1.62% to close at 502 yuan, with a total market value of 10.85 billion yuan.
a few days ago, we received the supervision letter due to the letter Phi problem and accounting error
On February 24, Henan Yicheng New Energy Co.Ltd(300080) disclosure received the supervision letter. The company has two violations: delayed information disclosure and correction of accounting errors.
I. untimely information disclosure
On April 27, 2021, Kaifeng Pingmei new carbon material technology Co., Ltd. (hereinafter referred to as “Kaifeng carbon”), a wholly-owned subsidiary of your company, received a government subsidy of 14.53 million yuan from Kaifeng treasury payment center, accounting for 31.96% of the absolute value of the audited net profit attributable to the shareholders of the listed company (hereinafter referred to as “net profit”) in the latest fiscal year, The company did not disclose the matter until September 27, 2021.
Due to the reorganization of the debtor Fushun Special Steel Co.Ltd(600399) (hereinafter referred to as ” Fushun Special Steel Co.Ltd(600399) “), Kaifeng carbon obtained 1019530 Fushun Special Steel Co.Ltd(600399) shares on April 14, 2021, and reduced 1019530 Fushun Special Steel Co.Ltd(600399) shares from June 9 to 21, 2021. After deducting relevant expenses, the reorganization of the debtor and the reduction of shares affected the total profit of the company by a total of 157295 million yuan, Accounting for 14.77% of the absolute value of the total audited profit of the company in the latest fiscal year, the company did not disclose the progress of the debtor reorganization until November 22, 2021.
II. Correction of accounting errors
On November 22, 2021, your company disclosed the announcement on the semi annual report and summary of 2021, the announcement on the provision for impairment in the semi annual report of 2021, and the announcement on the correction of the report of the third quarter of 2021, which showed that the company corrected the semi annual report of 2021 because it did not account for the above-mentioned receipt of government subsidies, debtor restructuring and share reduction in the semi annual report of 2021, The net profit for the half year of 2021 was adjusted from 124541 million yuan to 415551 million yuan, with an increase of 29.101 million yuan, accounting for 70.03% of the adjusted net profit.
2021 performance loss expansion
In terms of performance, under the operating loss in 2020, the forecast loss in 2021 continues to expand. The loss in 2020 is 45.468 million yuan, and the loss in 2021 is expected to be 130180 million yuan.
The company said that during the reporting period, affected by the dual control of national energy consumption and the unbalanced development of photovoltaic industry chain, the raw materials of the company’s monocrystalline silicon cell business continued to rise irrationally, and the average price of silicon increased from 80000 yuan / ton at the beginning of the year to 270000 yuan / ton at the end of the year.
As an intermediate link of photovoltaic, the company’s cell business is subject to the impact of the shortage of upstream silicon wafers and the price suppression of downstream terminal power stations. The cell price cannot catch up with the rise, the operating rate continues to decrease and the cost increases, resulting in a sharp decline in the profitability of the company’s monocrystalline silicon cell business compared with the previous year, which has become the main reason for the company’s loss in 2021.
