Company abbreviation: Chengdu B-Ray Media Co.Ltd(600880) securities code: 600880 No.: Lin 2021-054 Chengdu B-Ray Media Co.Ltd(600880)
Announcement on 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 content tips:
Chengdu B-Ray Media Co.Ltd(600880) (hereinafter referred to as “the company”) has accumulated a deviation of 20% from the closing price on December 29, December 30 and December 31, 2021. According to the relevant provisions of the trading rules of Shanghai Stock Exchange, it belongs to abnormal fluctuation of stock trading.
After the company’s self-examination and sent a letter to ask the controlling shareholders, as of the disclosure date of this announcement, it is confirmed that there is no material information that should be disclosed but not disclosed.
The closing price of the company’s stock rose by the limit on December 31, 2021. Since December, the cumulative increase of the stock price has reached 100.80%, with a rolling P / E ratio of 94.77 times. The short-term stock price of the company has a large increase and high valuation. Please pay attention to the transaction risk of the secondary market, make rational decisions and invest prudently.
It is uncertain whether the wholly-owned subsidiaries of he huangu Technology Co., Ltd. (hereinafter referred to as “he huangu”) and Shanghai Information Technology Co., Ltd. can reach an agreement on the capital increase. As of the disclosure date of this announcement, except for the capital increase, the company has no other undisclosed cooperation with Shanghai magic power.
As of September 30, 2021, roaming Valley has total assets of 55.8763 million yuan, total liabilities of 71.9575 million yuan, total owner’s equity of -16.0813 million yuan, operating revenue of 45.1907 million yuan, total profit of -4.8793 million yuan and net profit of -4.9711 million yuan, which is in a state of loss.
According to the regulations of the State Council, the digital collection trading business of Chengdu cultural exchange needs to be approved by the provincial financial bureau and can be implemented only after it is approved according to law. At present, Chengdu cultural exchange is still in the start-up stage, the trading platform is still in the process of investment and construction, and the application for approval of relevant businesses has not been submitted or approved. There is uncertainty about the submission time of the application and whether the approval can be passed.
1、 Details of stock trading (abnormal) fluctuations
The deviation of the closing price of the company’s shares has reached 20% in three consecutive trading days on December 29, December 30 and December 31, 2021. According to the relevant provisions of the trading rules of Shanghai Stock Exchange, it belongs to abnormal fluctuation of stock trading.
2、 Relevant information concerned and verified by the company
In view of the abnormal fluctuation of the company’s shares, the company has checked the relevant matters and consulted the controlling shareholder of the company by letter. The relevant information is described as follows:
(i) Production and operation
According to the self inspection, the company’s current production and operation activities are normal, and there are no major changes in the internal and external business environment and industrial policies, and there are no matters that should be disclosed but not disclosed that affect the abnormal fluctuation of stock price.
（2） Major events
1. Roaming Valley implemented capital increase and share expansion through public listing of southwest United Property Exchange, and introduced a strategic investor (see company announcement Lin 2021-047 for details). Upon the expiration of the listing period, Shanghai magic power was recruited as the intended investor for the capital and share increase (see the company’s announcement Lin 2021-053 for details). Shanghai magic power is effectively controlled by BiliBili Inc. (hereinafter referred to as “BiliBili”, a company listed on NASDAQ and the stock exchange of Hong Kong).
2. According to the company’s self-examination and verification by letter to Chengdu Media Group, the controlling shareholder of the company, as of the disclosure date of this announcement, except for the matters disclosed and disclosed by the company, the company and the controlling shareholder have no other major matters affecting the abnormal fluctuation of the company’s share price, including but not limited to major asset restructuring, share issuance, acquisition, debt restructuring, business restructuring Asset divestiture, asset injection, share repurchase, equity incentive, bankruptcy reorganization, major business cooperation, introduction of strategic investors and other major issues.
As of the disclosure date of this announcement, Chengdu Media Group, the controlling shareholder, has accumulatively increased its holdings of 7187800 shares, accounting for 0.66% of the total share capital of the company according to the increase plan disclosed in August 2021 (see the company’s Announcement No. 2021-042 for details). Chengdu Media Group will strictly abide by the shareholding increase plan, promote the shareholding increase and relevant commitments, and will not reduce its holdings of the company’s shares during the implementation period of the shareholding increase and within 6 months from the date of the completion of the implementation of the shareholding increase plan.
（3） Other stock price sensitive information
It is verified that there are no other major events that may have a great impact on the company’s share price except the matters disclosed and disclosed by the company. The directors, supervisors, senior managers and controlling shareholders of the company did not buy or sell the company’s shares during the abnormal fluctuation of the company’s stock trading.
3、 Relevant risk tips
Recently, the company’s share price fluctuates greatly, and there may be a risk of conceptual speculation. Investors are requested not to take the untrue or speculative information published on the Internet or other informal media as the investment basis, pay attention to investment risks, make rational decisions and invest prudently.
(i) Secondary market transaction risk prompt
The closing price of the company’s stock rose by the limit on December 31, 2021. Since December, the cumulative increase of the stock price has reached 100.80%, with a rolling P / E ratio of 94.77 times. The short-term stock price of the company has a large increase and high valuation. Please pay attention to the transaction risk of the secondary market, make rational decisions and invest prudently.
（2） Capital and share increase of roaming Valley
1. At present, the company, roaming Valley and Shanghai magic power are negotiating on the capital increase agreement, shareholder agreement and other relevant cooperation details, but there are uncertainties whether the negotiation can finally reach an agreement and when to sign the agreement. The company will disclose the progress of the matter in time.
2. As of the disclosure date of this announcement, except for the capital increase, the company has no other undisclosed cooperation with Shanghai magic power.
3. As of September 30, 2021, roaming Valley has total assets of 55.8763 million yuan, total liabilities of 71.9575 million yuan, total owner’s equity of -16.0813 million yuan, operating revenue of 45.1907 million yuan, total profit of -4.8793 million yuan and net profit of -4.9711 million yuan, which is in a state of loss. Even if Shanghai magic power is introduced as a strategic investor in the future, there is great uncertainty about the performance improvement of roaming valley.
（3） Description of the exchange
According to the regulations of the State Council, the digital collection trading business of Chengdu cultural exchange needs to be approved by the provincial financial bureau and can be implemented only after it is approved according to law. At present, Chengdu cultural exchange has not submitted the application for approval of relevant businesses, nor has it obtained the approval of the above businesses. There is uncertainty about the submission time of the application and whether the approval can be passed. Please pay attention to the risks.
The relevant business progress of the company shall be subject to the information publicly disclosed by the company. Investors are requested not to take the untrue or speculative information published on the Internet or other informal media as the investment basis and pay attention to the investment risk.
4、 Board statement
The board of directors of the company confirms that the company does not have any matters that should be disclosed but not disclosed in accordance with the relevant provisions of the stock listing rules 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 stock listing rules Information that may have a great impact on the trading price of the company’s shares and their derivatives; There is no need to correct or supplement the information disclosed by the company in the early stage.
It is hereby announced.
Chengdu B-Ray Media Co.Ltd(600880) board of directors
December 31, 2021
