[triple Bull Stock Jiangsu Dingsheng New Material Joint-Stock Co.Ltd(603876) was suspected of violating the letter Phi regulations, the investigated director resigned urgently, and hundreds of millions of funds were occupied by related parties last year] Bull Stock Jiangsu Dingsheng New Material Joint-Stock Co.Ltd(603876) suddenly “overturned”. On December 3, Jiangsu Dingsheng New Material Joint-Stock Co.Ltd(603876) disclosure received the notice of filing a case from the CSRC. Because the company was suspected of violating laws and regulations in information disclosure, the CSRC filed a case against the company on November 27. While disclosing that the case was filed for investigation, the listed company announced that Bian Huijuan, a non independent director, applied for resignation. (Daily Economic News)
Daniel stock Jiangsu Dingsheng New Material Joint-Stock Co.Ltd(603876) (603876, SH) suddenly “overturned”.
On December 3, Jiangsu Dingsheng New Material Joint-Stock Co.Ltd(603876) disclosure received the notice of filing a case from the CSRC. Because the company was suspected of violating laws and regulations in information disclosure, the CSRC filed a case against the company on November 27. While disclosing that the case was filed for investigation, the listed company announced that Bian Huijuan, a non independent director, applied for resignation.
The reporter of the daily economic news noted that the internal control audit report of Jiangsu Dingsheng New Material Joint-Stock Co.Ltd(603876) 2020 was issued with “non-standard” opinions by Tianjian certified public accountants. ” Jiangsu Dingsheng New Material Joint-Stock Co.Ltd(603876) and its subsidiaries have internal control defects in related party transaction decision-making and information disclosure.” The auditor said at the time.
suddenly filed for investigation after the stock price soared
Jiangsu Dingsheng New Material Joint-Stock Co.Ltd(603876) its registered address is located in Zhenjiang, Jiangsu Province. Its main business is the R & D, production and sales of aluminum plate, strip and foil. Its main products are air conditioning foil, single zero foil, double zero foil, aluminum plate and strip, new energy battery foil, etc. its products are used in green packaging, household appliances, household appliances, lithium batteries and other fields.
On April 18, 2018, Jiangsu Dingsheng New Material Joint-Stock Co.Ltd(603876) landed on the Shanghai stock exchange with an issue price of 13.54 yuan / share. At the beginning of listing, the company’s shares were sought after by funds, and the share price once exceeded 42 yuan / share. Since mid June 2018, Jiangsu Dingsheng New Material Joint-Stock Co.Ltd(603876) share price has started to fall, and has been in a downward trend for a long time. By late February this year, Jiangsu Dingsheng New Material Joint-Stock Co.Ltd(603876) share price had fallen to around 11 yuan / share and began to stabilize. At the end of May, Jiangsu Dingsheng New Material Joint-Stock Co.Ltd(603876) was favored by funds again due to factors such as the strengthening of aluminum price. By mid September, the company’s share price once exceeded 50 yuan / share. Since then, although the company’s share price has adjusted, it has risen strongly recently. As of today (December 3), it closed at 46.84 yuan / share.
Stock prices are rising, and the wealth of Jiangsu Dingsheng New Material Joint-Stock Co.Ltd(603876) actual controllers is also soaring. As of September 30, Hangzhou Dingsheng Industrial Group Co., Ltd. (hereinafter referred to as Dingsheng industry) held 139 million shares of the company and was the controlling shareholder of the company; Zhou Xianhai and Wang Xiaoli hold 100% equity of Dingsheng industry and are the actual controllers of the listed company; In addition, Zhou Xianhai and Wang Xiaoli directly held 48.424 million and 6.6 million Jiangsu Dingsheng New Material Joint-Stock Co.Ltd(603876) shares respectively. According to the current stock price of Jiangsu Dingsheng New Material Joint-Stock Co.Ltd(603876) , the total market value of the company’s shares directly and indirectly held by Zhou Xianhai and Wang Xiaoli has reached about 9.1 billion yuan.
According to the Hurun rich list in 2021, Zhou Xianhai and Wang Xiaoli ranked 699th with a wealth value of 10 billion yuan, ranking 1135. In 2020, Zhou Xianhai and Wang Xiaoli ranked 1833 in the list with a wealth value of 2.9 billion yuan. Obviously, the rise of Jiangsu Dingsheng New Material Joint-Stock Co.Ltd(603876) share price is the main factor for the growth of the couple’s wealth.
2020 internal control audit report “non-standard”
It is worth mentioning that while Jiangsu Dingsheng New Material Joint-Stock Co.Ltd(603876) had an accident, a director of the company quickly announced his resignation. It is said that for personal reasons, Bian Huijuan, a non independent director, applied to resign from the positions of director of the Fifth Board of directors, member of the strategy committee of the board of directors and member of the remuneration and assessment committee of the board of directors.
According to her resume, Bian Huijuan was born in March 1974. From March 2002 to September 2007, she successively served as the salesperson and sales Minister of Hangzhou Dingcheng Aluminum Co., Ltd. (hereinafter referred to as Dingcheng aluminum); From September 2007 to September 2018, he served as deputy general manager of Hangzhou Wuxing Aluminum Co., Ltd. (hereinafter referred to as Wuxing aluminum). Dingcheng aluminum and Wuxing aluminum are subsidiaries of Jiangsu Dingsheng New Material Joint-Stock Co.Ltd(603876) , and Bian Huijuan is obviously an old employee of a listed company. From September 2018 to now, Bian Huijuan has successively served as general manager, Jiangsu Dingsheng New Material Joint-Stock Co.Ltd(603876) director and deputy general manager of Wuxing aluminum.
The Jiangsu Dingsheng New Material Joint-Stock Co.Ltd(603876) announcement did not mention the specific matters suspected of illegal information disclosure.
The reporter of the daily economic news noted that the performance of Jiangsu Dingsheng New Material Joint-Stock Co.Ltd(603876) after listing was mediocre. In 2018 and 2019, the company’s revenue was 10.29 billion yuan and 11.24 billion yuan respectively, with a year-on-year increase of 11.86% and 9.18% respectively; The net profit in the same period was 277 million yuan and 309 million yuan respectively, with a year-on-year increase of 1.34% and 11.67% respectively. In 2020, Jiangsu Dingsheng New Material Joint-Stock Co.Ltd(603876) performance changed greatly, with a current net profit loss of 14.99 million yuan and a deduction of non net profit loss of 32.69 million yuan.
What is more noteworthy than the profit and loss is that Tianjian Certified Public Accountants issued an unqualified opinion with emphasis after auditing the effectiveness of internal control in Jiangsu Dingsheng New Material Joint-Stock Co.Ltd(603876) 2020. Tianjian certified public accountants believes that Jiangsu Dingsheng New Material Joint-Stock Co.Ltd(603876) and its subsidiaries were occupied by the non operating funds of the controlling shareholders and the companies controlled by them in 2020. In the process of lending funds, the listed companies failed to perform the approval process of the company’s internal control system, the decision-making procedures of related party transactions and timely information disclosure.
” Jiangsu Dingsheng New Material Joint-Stock Co.Ltd(603876) and its subsidiaries have internal control defects in related party transaction decision-making and information disclosure.” Tianjian certified public accountants said.
It is reported that in 2020, Jiangsu Dingsheng New Material Joint-Stock Co.Ltd(603876) and its subsidiaries lent 525.35 million yuan to Dingsheng industry or its subsidiaries for capital turnover. By the end of 2020, the balance and interest of loans receivable from listed companies totaled 68.5836 million yuan. According to the statement at the end of Jiangsu Dingsheng New Material Joint-Stock Co.Ltd(603876) 4 month, it has carried out self inspection and rectification, and Dingsheng industry has returned all the Occupied Funds and paid the corresponding interest of about 23.1481 million yuan.
(Daily Economic News)
