Securities code: Shenyang Commercial City Co.Ltd(600306) securities abbreviation: ST mall Announcement No.: 2022020 Shenyang Commercial City Co.Ltd(600306)
Announcement on applying for cancellation of the delisting risk warning of the company’s shares and continuing to implement other risk warnings
The company and all members of the board of directors guarantee that the contents of this announcement are true, accurate and complete, and are jointly and severally liable for false records, misleading statements or major omissions in this announcement.
Important content tips:
● Shanghai Stock Exchange will decide whether to cancel the delisting risk warning of the company’s shares according to the actual situation within 10 trading days after receiving the application of Shenyang Commercial City Co.Ltd(600306) (hereinafter referred to as “the company” or “commercial city”). During the review period of Shanghai Stock Exchange, the trading of the company’s shares was not suspended and still traded normally. Please make rational decisions and pay attention to investment risks.
● according to item (VI) of article 9.8.1 of the Listing Rules of Shanghai Stock Exchange (revised in January 2022) (hereinafter referred to as the “Listing Rules”), the net profit of the company after deducting non recurring profits and losses for three consecutive fiscal years from 2019 to 2021 is negative, In addition, the audit report of the financial accounting report of the latest fiscal year shows that the company’s ability to continue to operate is uncertain, and other risk warnings will continue to be implemented.
● whether the delisting risk warning can be revoked and other risk warnings can continue to be implemented in the company’s stock trading still needs the examination and confirmation of Shanghai Stock Exchange. Please pay attention to the investment risk.
● as of December 31, 2021, the net profit attributable to the shareholders of the listed company was -105.66 million yuan. The net profit attributable to shareholders of listed companies after deducting non recurring profits and losses was -108.13 million yuan. In 2021, the operating income was 152.32 million yuan, and the operating income after deducting the business income irrelevant to the main business and the income without commercial substance was 128.27 million yuan. The net assets at the end of 2021 is 47.09 million yuan.
1、 Implementation of delisting risk warning for the company’s shares
Since the net assets of the Company attributable to the shareholders of the listed company at the end of 2020 are negative, according to the stock listing rules of Shanghai Stock Exchange (revised in December 2020), the delisting risk warning of the company’s shares has been implemented after the disclosure of the 2020 annual report.
2、 Audited financial report of the company in 2021
On March 10, 2022, Dahua Certified Public Accountants (special general partnership), the company’s annual auditor, issued an unqualified audit report on the significant uncertainty period related to continuous operation (dahuashen Zi [2022] No. Guizhou Taiyong-Changzheng Technology Co.Ltd(002927) ). According to the audit, as of December 31, 2021, the net profit attributable to the shareholders of the listed company was -105.66 million yuan. The net profit attributable to shareholders of listed companies after deducting non recurring profits and losses was -108.13 million yuan. In 2021, the operating income was 152.32 million yuan, and the operating income after deducting the business income irrelevant to the main business and the income without commercial substance was 128.27 million yuan. The net assets at the end of 2021 is 47.09 million yuan. The company’s 2021 annual report has been deliberated and approved at the 9th meeting of the 8th board of directors held on March 10, 2022. For details, please refer to the announcement published by the company in China Securities News, Shanghai Securities News, securities times and the website of Shanghai Stock Exchange on March 12, 2022.
3、 The company’s application for cancellation of delisting risk warning
According to the listing rules and the investigation item by item, the warning of delisting risk of the company’s shares has been eliminated. Therefore, the company applied to Shanghai Stock Exchange to cancel the delisting risk warning of the company’s shares and continue to implement other risk warnings.
According to relevant regulations, Shanghai Stock Exchange will decide whether to cancel the delisting risk warning for the company’s shares and continue to implement other risk warnings according to the actual situation within 10 trading days after receiving the company’s application. During the review period of Shanghai Stock Exchange, the trading of the company’s shares was not suspended and still traded normally.
4、 The company continues to implement other risk warnings
Dahua Certified Public Accountants (special general partnership) issued an audit report with “unqualified opinions on major uncertainties related to going concern” for the company’s 2021 financial report. According to item (VI) of article 9.8.1 of the listing rules, the net profit of the company after deducting non recurring profits and losses for three consecutive fiscal years is negative, and the audit report of the financial accounting report of the latest fiscal year shows that there is uncertainty in the company’s ability to continue operating, so other risk warnings will continue to be implemented.
In view of the above reasons, the ninth meeting of the eighth board of directors of the company deliberated and adopted the proposal on applying for cancellation of the company’s stock delisting risk warning and continuing to implement other risk warnings. The company has applied to Shanghai Stock Exchange to cancel the delisting risk warning of the company’s shares and continue to implement other risk warnings. Within 10 trading days after receiving the company’s application, Shanghai Stock Exchange shall decide whether to revoke the delisting risk warning for the company’s shares and continue to implement other risk warnings according to the actual situation.
The company will conscientiously perform the obligation of information disclosure in strict accordance with the listing rules and other relevant provisions, and disclose the progress of relevant matters in a timely manner. The information released by the company will be published on the designated information disclosure media China Securities News, Shanghai Securities News, securities times and the website of Shanghai Stock Exchange（ http://www.sse.com.cn./ ）The announcement published shall prevail. Please pay attention to the company’s announcement information, make prudent decisions and pay attention to investment risks.
It is hereby announced.
Shenyang Commercial City Co.Ltd(600306) board of directors March 12, 2022
