Securities code: Guangzhou Pearl River Industrial Development Co.Ltd(600684) securities abbreviation: Guangzhou Pearl River Industrial Development Co.Ltd(600684) No.: 2022007 Guangzhou Zhujiang Development 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 risk warning: the daily closing price of Guangzhou Zhujiang Development Group Co., Ltd. (hereinafter referred to as "the company" or " Guangzhou Pearl River Industrial Development Co.Ltd(600684) ") shares deviated by more than 20% in three consecutive trading days on March 3, March 4 and March 7, 2022. According to the relevant regulations of Shanghai Stock Exchange, it belongs to abnormal fluctuation of stock trading. According to the company's self inspection, the company's current production and operation activities are normal, and there is no significant change in its daily operation. After the company's self-examination and sent a letter to the controlling shareholders and actual controllers, as of the disclosure date of this announcement, there are no matters that should be disclosed but have not been disclosed.
Recovery risk of receivables: as of December 31, 2021, the balance of the company's foreign capital lending investment was 2279543500 yuan, which was not paid off when due, accounting for 108.10% of the company's net assets attributable to shareholders of listed companies at the end of 2020. The company has made provision for asset impairment at the end of 2020, and further made provision for credit impairment loss of about 200 million yuan at the end of 2021. The specific impairment amount shall be subject to the audit. If the credit risk of the above receivables continues to increase, the company will face the risk of increasing the provision for impairment, which will have an adverse impact on the company's performance. Please pay attention to the risks.
1、 Details of abnormal fluctuations in stock trading
The daily closing price of the company's shares deviated by more than 20% in three consecutive trading days on March 3, March 4 and March 7, 2022. According to the relevant regulations of Shanghai Stock Exchange, it belongs to abnormal fluctuation of stock trading.
2、 Relevant information concerned and verified by the company
(I) production and operation
After verification, the current production and operation of the company is normal, there is no major change, and there is no major information that should be disclosed but not disclosed.
(II) major events
Through self-examination and written inquiry and verification to the controlling shareholder Guangzhou Zhujiang Industrial Group Co., Ltd. and the state owned assets supervision and Administration Commission of Guangzhou Municipal People's government, the actual controller of the company, the company, the controlling shareholder and the actual controller have no material information that Guangzhou Pearl River Industrial Development Co.Ltd(600684) should be disclosed but not disclosed, including but not limited to mergers and acquisitions Major issues such as share issuance, debt restructuring, business restructuring, asset divestiture and asset injection, as well as planning, negotiation, intention or agreement related to these matters.
(III) media reports, market rumors and hot concepts
After verification, as of the date of disclosure of this announcement, the company has not found any media reports or market rumors or matters involving the concept of hot spots that may or have had an impact on the trading price of the company's shares.
(IV) other stock price sensitive information
The company has not found any other major events that may have a great impact on the company's share price; The information disclosed by the company in the early stage does not need to be supplemented or corrected.
3、 Risk tips
(I) secondary market transaction risk
The company's stock rose by 23.12% from March 1, 2022 to March 7, 2022. In the same period, the company's real estate development sector rose by 2.57% and the Shanghai A-share index fell by - 2.58%. The fluctuation of the company's stock price deviated greatly from the sector and the market.
The company recommends investors to pay attention to the trading risks in the secondary market, make rational decisions and invest prudently.
(II) receivables recovery risk
As of December 31, 2021, the balance of the company's foreign capital lending investment was 2279543500 yuan, which had not been paid off at maturity, accounting for 108.10% of the company's net assets attributable to shareholders of listed companies at the end of 2020. The company has withdrawn 4811487 million yuan of asset impairment reserves at the end of 2020 according to the impairment test results. According to the actual progress of each project and the evaluation results of the value of the collateral, the company expects to further withdraw the credit impairment loss of about 200 million yuan, and the specific impairment amount shall be subject to the audit. If the credit risk of the above receivables continues to increase, the company will face the risk of increasing the provision for impairment, which will have an adverse impact on the company's performance.
The company solemnly reminds investors that Shanghai Securities News and securities times are the newspapers and periodicals designated by the company for information disclosure, and the website of Shanghai Stock Exchange (www.sse. Com. CN.) Specify an information disclosure website for the company. The company's information shall be subject to the information disclosure newspapers and websites designated by the company. The company will timely do a good job of information disclosure in strict accordance with the provisions and requirements of relevant laws and regulations. Please pay attention to the investment risks.
4、 Statement of the board of directors and commitments of relevant parties
The board of directors of the company confirms that up to now, the company has no other 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, 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 Listing Rules of Shanghai Stock Exchange 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.
It is hereby announced.
Board of directors of Guangzhou Zhujiang Development Group Co., Ltd. March 8, 2022
