Shenzhen Qixin Group Co.Ltd(002781) (002781, SZ) disclosed on December 30 that the company’s self inspection found that the company was occupied by the suspected non operating funds of the affiliates of the original actual controller, with a total amount of 131 million yuan. According to the listed company, the channel occupied by the above funds is an enterprise named Shenzhen Daxin Trade Co., Ltd. (hereinafter referred to as Daxin trade).
The reporter of the daily economic news called Zhuang zhiting, the wholly-owned shareholder of Daxin trade, on the evening of the 30th, but he did not respond. Previously, Xinyu investment control under Xinyu SASAC took over Shenzhen Qixin Group Co.Ltd(002781) control from ye Jiahao and others in July last year. In mid January this year, ye Hongxiao, the son of Ye Jiahao, resigned from the post of Shenzhen Qixin Group Co.Ltd(002781) chairman. According to the listed company, the occupation of funds occurred in early January.
The reporter further found that Xinyu investment control is suing Ye Jiahao, ye Xiudong, Zhida investment, etc. the prosecution should probably be related to the transfer of Shenzhen Qixin Group Co.Ltd(002781) control.
it is suspected that hundreds of millions of funds were occupied by the former actual controller’s affiliates
According to Shenzhen Qixin Group Co.Ltd(002781) announcement, through self inspection, it is found that the company transferred 80 million yuan and 50.875 million yuan to Daxin trade on January 1, totaling 131 million yuan. After verification, the transfer out of the above funds has not signed a business contract with Daxin trade, nor has there been substantive business and economic exchanges, and has not gone through the decision-making approval of the general meeting of shareholders, the board of directors and the internal signature approval process of the company.
“In the payment voucher, only the signature of the associate of the original actual controller of the company who immediately serves as the chairman and President of the company and the personal seal of the deputy manager of the fund settlement department of the financial management center.” The listed company said that up to now, the above funds have not been returned, and the suspected non operating funds of the original actual controller and related persons occupy 131 million yuan.
Shenzhen Qixin Group Co.Ltd(002781) according to the “top five prepayments of ending balance collected by prepayment objects” in the 2021 semi annual report, the amount of prepayment made by the company to the first ranked unit is 131 million yuan, accounting for 31.44% of the total prepayment. At that time, the company called the “first” as a non related party. At that time, the listed company also said: “there is no non operational occupation of funds by controlling shareholders and other related parties.”
Qixinbao shows that Daxin trade was established in July 2014 with a registered capital of 5 million yuan. The company’s business scope includes the sales of electronic products, knitwear and textiles, leather products, luggage, clothing, shoes and hats, etc.
On the evening of December 30, the reporter called Zhuang zhiting, the wholly-owned shareholder of Daxin trade. Zhuang zhiting didn’t respond to the question whether the listed company paid hundreds of millions of yuan to Daxin trade and asked, “what do you do about this?” Zhuang zhiting did not answer whether he recognized the statement of listed companies and quickly hung up the phone.
The reporter of the daily economic news noted that the “Chairman and President of the company at that time” mentioned by Shenzhen Qixin Group Co.Ltd(002781) was ye Hongxiao. Ye Hongxiao is the son of Ye Jiahao, the former actual controller of Shenzhen Qixin Group Co.Ltd(002781) . He has worked in Shenzhen Qixin Group Co.Ltd(002781) for a long time. According to the resume, ye Hongxiao was born in 1988, served as the assistant to the chairman of Shenzhen Qixin Group Co.Ltd(002781) from January 2009 to September 2010, became the director of Shenzhen Qixin Group Co.Ltd(002781) after September 2011, served as the vice chairman of Shenzhen Qixin Group Co.Ltd(002781) from September 2014 to June 2017, and served as the chairman of Shenzhen Qixin Group Co.Ltd(002781) from June 2017 to January 2021; During this period, he began to serve as president of Shenzhen Qixin Group Co.Ltd(002781) in October 2020.
On January 12 this year, Shenzhen Qixin Group Co.Ltd(002781) announced that in order to meet the needs of the company’s strategic development and further improve the level of corporate governance so as to focus more on the company’s management, ye Hongxiao, chairman and President of the company, submitted a written report to the board of directors, applied for resignation as chairman, and resigned from the audit committee, nomination committee Member of remuneration and assessment committee and convener of strategy committee. After his resignation, ye Hongxiao still served as a director, member of the strategy committee of the board of directors and President of the company.
From the timeline, Shenzhen Qixin Group Co.Ltd(002781) the transfer of money to Daxin trade happened just before ye Hongxiao left office. In 2020, ye Hongxiao received 588000 yuan of pre tax salary from Shenzhen Qixin Group Co.Ltd(002781) ; At present, its direct shareholding in Shenzhen Qixin Group Co.Ltd(002781) is 1381900 shares, with a market value of about 9.6 million yuan.
Interestingly, the listed company disclosed the administrative measures for preventing the occupation of funds by controlling shareholders and related parties on December 28. It is mentioned that “the actual person in charge or the chairman of the company is the first person responsible for preventing the occupation of funds and clearing debts”.
Xinyu investment controls stepping on thunder and is suing relevant persons
Ye Hongxiao was originally the minority owner of Shenzhen Qixin Group Co.Ltd(002781) . Previously, he resigned as the chairman of the company for many years due to the change of control of listed companies.
In July last year, Shenzhen Qixin Group Co.Ltd(002781) the then controlling shareholder Zhida investment and its related person Ms. ye Xiudong (hereinafter referred to as the Ye family) signed the share transfer agreement and the voting right waiver agreement with Xinyu Investment Holding Group Co., Ltd. (hereinafter referred to as Xinyu investment control). The Ye family transferred 67.4775 million shares of the company at the transfer price of 16.21 yuan / share, Accounting for 29.99% of the total share capital of the company. Meanwhile, Zhida investment will irrevocably and unconditionally give up the voting rights corresponding to its remaining 31.749 million shares of the company (accounting for 14.11% of the total share capital of the company).
In early September last year, the above equity transaction was completed, the controlling shareholder of Shenzhen Qixin Group Co.Ltd(002781) was officially changed to Xinyu investment control, and the actual controller of the company was changed to Xinyu SASAC.
Xinyu investment control is the main investor of infrastructure construction in Xinyu City. It mainly raises funds for infrastructure construction and development in Xinyu City, operates and manages the completed assets, undertakes the task of most urban infrastructure construction in Xinyu City, and is one of the core enterprises of urban infrastructure investment, construction and operation in Xinyu City. In the statement of changes in equity, Xinyu investment control said that its ownership Shenzhen Qixin Group Co.Ltd(002781) is “to comply with the macroeconomic strategic planning of Xinyu City and meet the resource needs of Xinyu City’s economic development, which is the micro embodiment of Xinyu City’s macro strategy of embracing the economic belt of Guangdong, Hong Kong and Macao, and building Xinyu City into a new highland of two-way opening up between Jiangxi and Guangdong”.
Shenzhen Qixin Group Co.Ltd(002781) is mainly engaged in building decoration business. The company was listed in December 2015 and its overall performance after listing is average. From 2016 to 2019, the net profit of the company was 109 million yuan (a year-on-year decrease of 16.57%), 150 million yuan, 169 million yuan and 86.1422 million yuan respectively.
When Xinyu investment control was proposed to take over, the performance of Shenzhen Qixin Group Co.Ltd(002781) showed signs of decline. According to Shenzhen Qixin Group Co.Ltd(002781) the performance forecast for the half year of 2020 released in July 2020, the company expects the current net profit loss to be 35.593 million yuan ~ 43.8067 million yuan. At that time, the company said that the performance change was due to the impact of the epidemic, and the normal progress of the company’s project undertaking, implementation, delivery, acceptance and final accounts was greatly negatively affected. Finally, the company’s net profit loss in 2020 reached 555 million yuan, a year-on-year decrease of 744.32%.
The reporter noted that after Xinyu investment control officially took over, Shenzhen Qixin Group Co.Ltd(002781) successively issued a number of litigation announcements, and the company, as a plaintiff, collected debts from some real estate companies. At the same time, Xinyu investment control has also delivered a lot of funds to listed companies. Since November last year, Shenzhen Qixin Group Co.Ltd(002781) has issued 6 announcements on borrowing from controlling shareholders or loan extension. However, in the first three quarters of this year, Shenzhen Qixin Group Co.Ltd(002781) still lost 140 million yuan.
Now, Shenzhen Qixin Group Co.Ltd(002781) broke the news that it is suspected that the funds were occupied by the former chairman, which may hurt Xinyu investment control.
The reporter of the daily economic news noted that Xinyu investment holding is suing Ye Jiahao, ye Xiudong and Zhida investment for equity transfer disputes.
(Daily Economic News)
