Although it has long been claimed that there is no relationship between Shenzhen Hifuture Information Technology Co.Ltd(002168) (002168. SZ), the share price of Shenzhen Hifuture Information Technology Co.Ltd(002168) still rose by the limit on the first trading day of 2022. Opening on January 5, Shenzhen Hifuture Information Technology Co.Ltd(002168) continued to rise by the limit. However, at 9:32, the limit board was opened and the share price fell rapidly. As of the close of the day, Shenzhen Hifuture Information Technology Co.Ltd(002168) closed down 1.27%.
Shenzhen Hifuture Information Technology Co.Ltd(002168) the company mainly engaged in “power and game” has undergone great changes in the past 2021. On August 1, 2021, Shenzhen Hifuture Information Technology Co.Ltd(002168) the controlling shareholder was changed from Zhongchi Huicheng to lvfa urban construction, and the actual controller was changed from private placement bosses Wang Chaoyong and Li Yifei to Chongqing Bishan District Finance Bureau.
At present Shenzhen Hifuture Information Technology Co.Ltd(002168) is still losing money, with a loss of 137 million yuan in the first three quarters of 2021. Whether the new actual controller can lead Shenzhen Hifuture Information Technology Co.Ltd(002168) to turn around the loss is highly expected. Shenzhen Hifuture Information Technology Co.Ltd(002168) said in an interview with the reporter of Huaxia times on January 5, “The company will strive to gradually improve the operation quality and repair the profitability by strengthening the fine management of production and operation and the ability of cost control. At the same time, the company will do corresponding resource integration for different business segments, increase revenue and reduce expenditure, reduce cost and improve efficiency, and continue to improve the sustainable operation ability and the overall quality of listed companies.”
trading limit on the first trading day of the new year
On January 4, 2022, the first trading day of the new year, Shenzhen Hifuture Information Technology Co.Ltd(002168) gained a daily limit.
The market attributed this rise to, Shenzhen Hifuture Information Technology Co.Ltd(002168) as a “meta universe” concept stock, but it has long declared to get rid of the relationship between itself and the “meta universe”. On December 31, 2021, Shenzhen Hifuture Information Technology Co.Ltd(002168) replied to investors about “what is the layout of your company’s dokemeng in yuanuniverse?” “The company has no relevant development plan for the time being,” he said
On January 5, Shenzhen Hifuture Information Technology Co.Ltd(002168) once again stressed in response to a reporter’s question, “the company currently has no relevant development plan. At the same time, according to relevant laws and regulations, the information disclosed by the superior company should be true, accurate and complete, so as to avoid actively rubbing hot spots or cooperating with the media.”
In the past year, Shenzhen Hifuture Information Technology Co.Ltd(002168) share prices were relatively low. The new controlling shareholder, lvfa City, was built from December 1 to December 8, 2021, and increased 8404200 shares of the company through centralized bidding through the trading system of Shenzhen Stock Exchange, accounting for 1.05% of the total share capital of the company.
Shen Meng, director of Xiangsong capital, analyzed the increase to the reporter of Huaxia times, ” Shenzhen Hifuture Information Technology Co.Ltd(002168) ‘s first largest shareholder doesn’t hold a high proportion of shares, and the gap with the second largest shareholder or the original major shareholder is not large. Therefore, in order to consolidate their control, they choose to increase their holdings, which can also stimulate market confidence. However, the increase proportion and shareholding proportion are relatively small, and the driving force for the share price of the secondary market is limited.”
Lvfa urban construction became the new controlling shareholder of Shenzhen Hifuture Information Technology Co.Ltd(002168) in August 2021. According to the third quarterly report, it holds 59359091 shares of Shenzhen Hifuture Information Technology Co.Ltd(002168) , with a shareholding ratio of 7.40%.
As for the fluctuation of stock price, Shenzhen Hifuture Information Technology Co.Ltd(002168) told our reporter: “in the capital market, the stock price fluctuates under the influence of many factors such as macroeconomic situation, industry trend, company fundamentals and investor preference. The company continues to pay attention to the trend of stock price and will continue to strengthen communication with the market.”
At the opening of the second trading day of the new year, Shenzhen Hifuture Information Technology Co.Ltd(002168) continued the strength of the previous day. At 9:26 on January 5, Shenzhen Hifuture Information Technology Co.Ltd(002168) rose by the limit to 5.19 yuan. However, the daily limit was opened at 9:32, and the share price fell rapidly. As of the close of the day, Shenzhen Hifuture Information Technology Co.Ltd(002168) closed down 1.27%.
loss of 137 million yuan in the first three quarters
Shenzhen Hifuture Information Technology Co.Ltd(002168) was listed on the SME Board of Shenzhen Stock Exchange in 2007. Its business scope includes the production of cable branch boxes, ring network cabinets and other related power distribution equipment, power cable accessories and other polymer insulation materials and related products. In 2012 and 2015, the business scope of the company successively increased high and low voltage electrical appliances, box type substation, power automation products, equity investment, asset management, investment consulting, etc.
In 2016, after Wang Chao, the private placement boss, entered the main, Shenzhen Hifuture Information Technology Co.Ltd(002168) business scope increased intelligent power distribution, new energy vehicle charging pile industry chain, industrial automation and control, information and security monitoring system, intelligent secondary equipment, etc. On December 20, 2017, Shenzhen Hifuture Information Technology Co.Ltd(002168) completed the cash acquisition of 77.57% equity of duokemeng. Duokemeng became a holding subsidiary of Shenzhen Hifuture Information Technology Co.Ltd(002168) , and the business sector formed a two wheel drive development pattern of “high-end intelligent manufacturing and Internet Games”.
However, the performance of Shenzhen Hifuture Information Technology Co.Ltd(002168) after asset injection has not improved significantly. From 2016 to 2019, Shenzhen Hifuture Information Technology Co.Ltd(002168) achieved revenue of RMB 289 million, RMB 373 million, RMB 1898 million and RMB 1092 million respectively, and the net profits attributable to shareholders of listed companies were RMB 76 million, – 108 million, RMB 336 million and RMB 135 million respectively.
In 2020, due to the provision for goodwill impairment of dokemeng, the holding subsidiary, Shenzhen Hifuture Information Technology Co.Ltd(002168) lost as much as 960 million yuan. In 2021, Shenzhen Hifuture Information Technology Co.Ltd(002168) is still losing money, with a loss of 137 million yuan in the first three quarters of 2021.
It is noteworthy that on March 2, 2021, Shenzhen Hifuture Information Technology Co.Ltd(002168) announced that it was found in the self-examination that the controlling shareholders and their affiliates occupied the company’s funds for non operation. As of the disclosure date of the announcement, the controlling shareholders and their affiliates had returned the company’s non operating Occupied Funds of 310.1542 million yuan, and the balance of non operating funds was 60.6749 million yuan. The controlling shareholders and related parties of the company failed to return the non operating occupied funds before March 2, 2021. According to relevant regulations, other risk warnings have been implemented since the opening of the stock market on March 3, and the stock abbreviation has been changed from ” Shenzhen Hifuture Information Technology Co.Ltd(002168) ” to “St Huicheng”.
On March 24, Shenzhen Hifuture Information Technology Co.Ltd(002168) received 60.6749 million yuan of non operating funds returned by the entrusting party of the controlling shareholder through bank transfer. The controlling shareholder and its related parties have earnestly implemented the relevant repayment plan in accordance with the commitments issued. As of March 24, 2021, the controlling shareholder and its related parties of the company have returned all the non operating funds, The balance of non operating funds is 0 yuan. Other risk warnings were cancelled on April 9.
change of actual controller
In the midst of the storm, Shenzhen Hifuture Information Technology Co.Ltd(002168) finally ushered in new controlling shareholders and actual controllers in 2021. On August 1, the controlling shareholder of Shenzhen Hifuture Information Technology Co.Ltd(002168) was changed from Zhongchi Huicheng to lvfa urban construction, and the actual controller was changed from Wang Chaoyong and Li Yifei to Bishan District Finance Bureau of Chongqing.
Shenzhen Hifuture Information Technology Co.Ltd(002168) the change of ownership stems from the continuous passive reduction of Zhongchi Huicheng, the former controlling shareholder, and the reduction lies in a loan guarantee.
According to the Shenzhen Hifuture Information Technology Co.Ltd(002168) announcement, in February 2021, Shenzhen Hifuture Information Technology Co.Ltd(002168) Chongqing Xinfa, the holding subsidiary of xinzhongli, the former indirect controlling shareholder, applied to Chongqing lvfa for a loan of 541 million yuan, which was guaranteed by xinzhongli shareholder Li Yifei with 150 million xinzhongli shares held by him, all the equity of Zhongchi Huicheng, the controlling shareholder of the company, and all the shares of the company held by Zhongchi Huicheng. As of February 19, 2021, Zhongchi Huicheng has pledged all the company’s shares it holds to Chongqing lvfa.
In April 2021, Chongqing No. 1 Intermediate People’s court made a first instance judgment on the dispute over the loan contract between the plaintiff Chongqing lvfa and the defendant Chongqing Xinfa, which ruled that Chongqing Xinfa should pay the principal of Chongqing lvfa’s loan of 541 million yuan and relevant interest within the legal period. Since then, Chongqing Xinfa, its controlling shareholder, has not fulfilled the legally effective court ruling, the court ruled to freeze the 52 million shares and fruits of the company held by Chi Huicheng, the guarantor, which have been pledged to Chongqing lvfa, the applicant for enforcement, and forcibly sell 8019200 shares of the company by means of centralized bidding, 16.0385 million shares of the company were forcibly sold by block trading.
On July 2, 2021, due to the execution of the effective ruling of the court, Zhongchi Huicheng passively reduced its 16038500 shares of the company through block trading in the trading system of Shenzhen Stock Exchange, accounting for about 2% of the total share capital of the company. After this equity change, the largest shareholder of the company was changed from Zhongchi Huicheng to lvfa urban construction, a wholly-owned subsidiary of Chongqing lvfa.
From July 28 to July 29, 2021, Zhongchi Huicheng passively reduced its 8019200 shares of the company through centralized bidding transaction. On July 28, 2021, 18336166 shares of the company held by Zhongchi Huicheng were applied for judicial re freezing by Chongqing lvfa.
“new owners” look forward to
At present, the business of Shenzhen Hifuture Information Technology Co.Ltd(002168) is divided into two parts: power and game. The semi annual report shows that the revenue of Shenzhen Hifuture Information Technology Co.Ltd(002168) power industry and game industry is 64.0052 million yuan and 87.3758 million yuan respectively, accounting for 41.45% and 56.58% of the revenue respectively.
The new owner lvfa urban construction and Shenzhen Hifuture Information Technology Co.Ltd(002168) have business intersection in the high-end intelligent manufacturing industry. In November 2021, Chongqing Huicheng future, a wholly-owned subsidiary of Shenzhen Hifuture Information Technology Co.Ltd(002168) , won the bid for 17 charging pile station construction projects of Chongqing Liansheng Tonghui in Chongqing, with a bid winning amount of 37.0588 million yuan (including taxes). Chongqing Liansheng Tonghui is a company indirectly controlled by Chongqing lvfa, the parent company of Shenzhen Hifuture Information Technology Co.Ltd(002168) controlling shareholder, and the transaction constitutes a related party transaction.
For this transaction, Shenzhen Hifuture Information Technology Co.Ltd(002168) believes that “this connected transaction is the normal business behavior of the company, and the performance of the winning contract is in line with the strategic layout of the company’s main business. If the winning project is successfully implemented, it will have a positive impact on the company’s business performance in the year of contract execution.”
At the same time, in November 2021, Shenzhen Hifuture Information Technology Co.Ltd(002168) also issued an announcement to change the company’s name and registered address, indicating that the company’s name was changed from ” Shenzhen Hifuture Information Technology Co.Ltd(002168) ” to “Chongqing Huicheng Information Technology Co., Ltd.”, The registered address is changed from “industrial plant Shenzhen Hifuture Information Technology Co.Ltd(002168) east of Lanjing road and south of Jinxiu Road, large industrial zone, Pingshan new area, Shenzhen” to “8-1, building 1, No. 50, Shuangxing Avenue, Biquan street, Bishan District, Chongqing”.
For the reason for the change, Shenzhen Hifuture Information Technology Co.Ltd(002168) said, “In view of the high industrial relevance and good resource complementarity between Bishan District of Chongqing and the company, it can form a high strategic synergy with the company. Now, based on the needs of the company’s strategic positioning and development planning, in order to promote the company’s long-term development and enhance the company’s comprehensive competitiveness, the company plans to change the company’s name and registered address.”
In May this year, when planning the equity transfer, Shenzhen Hifuture Information Technology Co.Ltd(002168) once told Chongqing state-owned assets that the development concept of Bishan District in Chongqing is highly matched with the company’s high-end intelligent manufacturing business and internet entertainment business, and the introduction of state-owned capital holding will help optimize and improve the company’s equity structure, and help the company build high-end intelligent manufacturing Business expansion of upstream and downstream industrial chains such as Internet integrated services and digital economy.
Will the company focus on business and key business development direction in the future? Shenzhen Hifuture Information Technology Co.Ltd(002168) the above person replied: “in 2021, the company’s main business includes two business segments: high-end intelligent manufacturing and Internet games. The company’s electrical business segment will continue the direction of high-speed intelligent charging pile and electrical intelligence determined in the second half of 2020. While maintaining the stable growth of basic electrical business, it will make a solid layout in new fields and cultivate new profit growth points.”
(Huaxia times)
