Securities code: 600981 securities abbreviation: Jiangsu High Hope International Group Corporation(600981) Announcement No.: 2022-001
Jiangsu High Hope International Group Corporation(600981)
Stock trading abnormal fluctuation announcement
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:
Jiangsu High Hope International Group Corporation(600981) (hereinafter referred to as "the company") shares have deviated from the closing price for three consecutive trading days on December 29, December 30 and December 31, 2021 by more than 20%. According to the relevant provisions of the trading rules of Shanghai Stock Exchange, it belongs to abnormal fluctuations in stock trading.
After the company's self-examination and concurrent letter inquiry with the controlling shareholders and actual controllers, as of the disclosure date of this announcement, there is no material information that should be disclosed but not disclosed.
1、 Details of abnormal fluctuations in stock trading
The deviation of the closing price increase of the company's stock trading for three consecutive trading days on December 29, December 30 and December 31, 2021 is more than 20%. 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
(i) Production and operation
According to the company's self inspection, the company's production and operation are normal, the internal and external business environment has not changed significantly, and there are no major matters affecting the abnormal fluctuation of the company's stock trading price.
（2） Major events
After the company's self-examination and sent a letter to the controlling shareholder and actual controller of the company to confirm that as of the disclosure date of this announcement, the company, the controlling shareholder and actual controller of the company have no other major information that should be disclosed but not disclosed, including but not limited to major asset restructuring, share issuance, acquisition, debt restructuring, business restructuring, asset divestiture, asset injection and other major matters.
（3） Media reports, market rumors and hot concepts
Through the company's self-examination, no media reports or market rumors that have a significant impact on the company's stock trading price have been found, and the concept of market hot spots has not been involved.
Securities code: 600981 securities abbreviation: Jiangsu High Hope International Group Corporation(600981) Announcement No.: 2022-001
（4） Other stock price sensitive information
According to the company's self inspection, no other major events that have a great impact on the company's share price are found; The controlling shareholders, actual controllers, directors, supervisors and senior managers of the company did not buy or sell the company's shares during the abnormal fluctuation of the company's shares.
3、 Statement of the board of directors and commitments of relevant parties
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 of Shanghai Stock Exchange or the planning, negotiation, intention and agreement related to the matters, and the board of directors has not been informed that the company has any matters that should be disclosed but not disclosed in accordance with the relevant provisions of the stock listing rules of Shanghai Stock Exchange Information that has 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.
4、 Relevant risk tips
(i) Through self-examination, the company does not violate the fair disclosure of information.
（2） The company solemnly reminds investors to pay attention to the following risks:
1. Secondary market risk
The closing price of the company's shares has deviated from the value by more than 20% for three consecutive trading days on December 29, December 30 and December 31, 2021. Please pay attention to the trading risks in the secondary market, make rational decisions and invest prudently.
2. Risks related to electronic communication equipment trade business of subsidiaries
The company's holding subsidiary Jiangsu Huihong International Group Zhongjin Holding Co., Ltd. (hereinafter referred to as "Zhongjin company") has the risk that some abnormal contract execution may lead to losses to the company. For details, please refer to the announcement on major risks of the company (Announcement No.: 2021-056) disclosed by the company on July 24, 2021.
Huihong Zhongjin actively takes measures to deal with the above-mentioned risk matters, takes legal measures to investigate all economic losses caused by customers' delay in performing their contractual obligations, and protects the legitimate rights and interests of the company and the majority of shareholders as much as possible. Huihong Zhongjin has formally filed a lawsuit with the people's Court of Qinhuai District, Nanjing, and the court has accepted it according to law. Huihong Zhongjin is the plaintiff. For details, please refer to the announcement on the progress of major issues and litigation of the company's subsidiaries (Announcement No.: 2021-064; 2021-100) disclosed by the company on August 18, 2021, October 9, 2021 and December 14, 2021; Announcement on litigation and progress involving subsidiaries of the company (Announcement No.: 2021-083).
As for the overdue risk of accounts receivable, Huihong Zhongjin accounts receivable from aerospace Shenhe Technology (Beijing) Co., Ltd
Securities code: 600981 securities abbreviation: Jiangsu High Hope International Group Corporation(600981) Announcement No.: 2022-001
The company is 196282400 yuan. Based on the principle of prudence, the company judges that the credit risk of this account receivable has increased significantly. According to the accounting standards for business enterprises and the company's accounting policies and other relevant provisions, Huihong Zhongjin made a single provision for credit impairment loss of 35.3308 million yuan in the first three quarters of 2021. After deducting income tax factors, the impact of the provision for credit loss on the net profit attributable to the shareholders of the listed company in the third quarter of 2021 was 16.8263 million yuan. With regard to the risk that relevant inventories may not be fully realized, in accordance with the accounting standards for business enterprises, the company's accounting policies and other relevant provisions, and based on the principle of prudence, the company is actively trying to obtain the relevant information about the recent transaction prices of similar assets in the same industry for reference, and analyze and evaluate the net realizable value of such inventories. As the relevant work is in progress, the company will make further evaluation according to the progress of the case in the later stage, and conduct corresponding accounting treatment as soon as reasonable judgment is obtained.
As for the risk that the inventory may be increased and cannot be fully realized, according to the agreed delivery date of the goods under the contract, Huihong Zhongjin has filed a lawsuit to require the termination of the contract, the return of the payment made under the contract and the adoption of property preservation measures. Relevant cases are still in court. The company will conduct corresponding accounting treatment according to the trial process and results of relevant cases, the requirements of relevant accounting standards and the actual situation. Meanwhile, according to the progress of litigation, fulfill the obligation of information disclosure and timely announce the progress of the case. Please pay attention to the investment risk.
3. Other risks
The company solemnly reminds the majority of investors that the company's information can be found on the website of Shanghai Stock Exchange (www.sse. Com.. CN.) And relevant announcements published in China Securities Journal and Shanghai Securities News, the legal information disclosure media. The company will make timely information disclosure in strict accordance with the provisions and requirements of relevant laws and regulations. Please pay attention to investment risks.
It is hereby announced.
Jiangsu High Hope International Group Corporation(600981) board of directors January 4, 2002
