After the disclosure of the financial report in 2021, Chunghsin Technology Group Co.Ltd(603996) , Xinjiang La Chapelle Fashion Co.Ltd(603157) finally waited for the delisting notice.
Xinjiang La Chapelle Fashion Co.Ltd(603157) 2022 announced that the Shanghai Stock Exchange decided to terminate the listing of the company’s a shares, and the company’s A-Shares entered the delisting and consolidation period from April 22, 2022.
With Chunghsin Technology Group Co.Ltd(603996) , the company announced on the 14th that the Shanghai Stock Exchange decided to terminate the listing of the company’s shares and the company’s shares will enter the delisting and consolidation period from April 22.
Analysts pointed out that in recent years, A-share delisting has gradually normalized, and “zero tolerance” has been implemented for acts such as financial fraud. The delisting system matches the comprehensive registration system to speed up the metabolism of a shares.
“Chinese version Zara” confirmed delisting
Four consecutive years of performance losses, “Chinese version Zara” finally bid farewell to a shares.
Xinjiang La Chapelle Fashion Co.Ltd(603157) 4 announced on April 14 that the Shanghai Stock Exchange decided to terminate the listing of the company’s a shares, and the company’s shares will enter the delisting and consolidation period from April 22.
According to the announcement, since the net assets attributable to the shareholders of the listed company at the end of 2020 are negative, the delisting risk warning of the company’s shares will continue to be implemented from April 30, 2021. On March 31, 2022, the company disclosed its annual report for 2021. At the end of 2021, the net assets attributable to the shareholders of the listed company were -1.431 billion yuan. Dahua Certified Public Accountants (special general partnership) issued a qualified audit report on the company’s financial and accounting report for 2021.
The Shanghai Stock Exchange pointed out that the above situation belongs to the situation of termination of listing of shares as stipulated in article 9.3.11 of the Listing Rules of Shanghai Stock Exchange (hereinafter referred to as the “Listing Rules”). According to article 9.3.14 of the stock listing rules, the Shanghai Stock Exchange decided to terminate the listing of the company’s shares after being reviewed by the Listing Committee of the Shanghai Stock Exchange.
According to the relevant provisions of the stock listing rules, the company’s shares will enter the delisting and consolidation period from the next trading day after the expiration of five trading days after the announcement of the decision by the Shanghai Stock Exchange. The delisting consolidation period is 15 trading days. There is no limit on the rise and fall of the first trading day, and the rise and fall of other trading days is limited to 10%.
Within 5 trading days after the expiration of the delisting period, the Shanghai Stock Exchange shall delist the company’s shares and terminate the listing of the company’s shares.
Xinjiang La Chapelle Fashion Co.Ltd(603157) full name Xinjiang La Chapelle Fashion Co.Ltd(603157) , the company’s name sounds full of French romance. It once became the leader of the local FMCG women’s clothing brand and was once known as the “Chinese version of Zara”.
In 2017, La chapel ushered in its peak, with 9448 stores. La chapel was found in major shopping malls across the country, with a single year revenue of 10.4 billion yuan, becoming the women’s clothing brand with the highest revenue in China.
Xinjiang La Chapelle Fashion Co.Ltd(603157) was listed on the Hong Kong Stock Exchange in October 2014 and on the Shanghai Stock Exchange in September 2017, becoming the first a + H clothing company.
However, after listing, the company showed a decline. After 2018, the company’s operating revenue continued to decline, stores contracted, asset sales and asset liability ratio increased year by year, with continuous large losses in performance. Xinjiang La Chapelle Fashion Co.Ltd(603157) lost 160 million yuan in 2018, 2.166 billion yuan in 2019, 1.84 billion yuan in 2020, and 821 million yuan after the announcement of the results in 2021.
It is worth noting that after continuous losses, the company’s net assets will turn negative in 2020, with net assets per share of negative 1.11 yuan. In 2021, the net assets will continue to be negative, with net assets per share of negative 2.61 yuan.
Chunghsin Technology Group Co.Ltd(603996) will withdraw from the A-share market
With Xinjiang La Chapelle Fashion Co.Ltd(603157) , Chunghsin Technology Group Co.Ltd(603996) .
Chunghsin Technology Group Co.Ltd(603996) 14 announced that the Shanghai Stock Exchange decided to terminate the listing of the company’s shares, and the company will enter the delisting consolidation period from April 22.
Chunghsin Technology Group Co.Ltd(603996) said that the trading start date of the company’s shares entering the delisting consolidation period is April 22, 2022, and the delisting consolidation period is 15 trading days. If the whole day suspension factor is not considered, the last trading date is expected to be May 17, 2022. If the securities trading date is adjusted, the last trading date of the company’s delisting consolidation period will be postponed accordingly.
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On March 31, 2022, Chunghsin Technology Group Co.Ltd(603996) disclosed the annual report of 2021, which said that the operating income in 2021 was 804200 yuan, the net profit after deducting non recurring profit and loss attributable to the shareholders of the listed company was -448 million yuan, and the net assets attributable to the shareholders of the listed company at the end of the period was -2.389 billion yuan. Zhonghua Certified Public Accountants (special general partnership) issued an audit report on the financial and accounting report of the company in 2021 that could not express an opinion.
The above circumstances belong to the circumstances of stock delisting stipulated in article 9.3.11 of the stock listing rules of Shanghai Stock Exchange. According to the provisions of article 9.3.14 of the stock listing rules, the Shanghai Stock Exchange decided to terminate the listing of Chunghsin Technology Group Co.Ltd(603996) shares after the review of the Listing Committee of Shanghai Stock Exchange.
these companies will also usher in the judgment time
On March 25, Great Wall International Acg Co.Ltd(000835) released the annual financial report for 2021, which showed that the audited net profit of the company in 2021 was -453595400 yuan, the operating income was 2371200 yuan and the net assets were -1033822000 yuan. In addition, the accounting firm issued an audit report with no opinion on the annual financial and accounting report of the company in 2021.
The audited net profit of the company is negative and the operating income is less than 100 million yuan. The audited net assets at the end of the period are negative, and the financial and accounting report of the company has been issued with an audit report that cannot express an opinion by the accounting firm. The company touches the situation of stock delisting stipulated in article 9.3.11 of the stock listing rules (revised in 2022) of the exchange. The trading of the company’s shares has been suspended since March 25, 2021.
The company received the advance notice from Shenzhen Stock Exchange on March 28, but has not received the notice of termination of listing. The company said that if the Shenzhen stock exchange decides to terminate the listing of the company’s shares, according to the provisions of articles 9.6.1, 9.6.2 and 9.6.10 of the stock listing rules (revised in 2022) of the Shenzhen Stock Exchange, the trading will be resumed on the next trading day after five trading days from the date when the Shenzhen Stock Exchange announces the decision to terminate the listing of the company’s shares and enter the delisting consolidation period.
In addition, Northeast Electric Development Company Limited(000585) will also usher in the judgment time. The company announced on April 6 that it had received the advance notice from Shenzhen Stock Exchange.
The audited net profit after deducting non recurring profit and loss in 2020 is negative, the operating income is less than 100 million yuan, and the audited net assets at the end of the period are negative. At the same time, the net profit after deducting non recurring profit and loss in three consecutive fiscal years in 2018, 2019 and 2020 is negative, and the audit report of 2020 shows that there is uncertainty in the company’s sustainable operation ability, After the disclosure of the 2020 annual report on March 29, 2021, the company’s A-share shares continue to be subject to delisting risk warning ( st) after superposition.
After the disclosure of the financial report in 2021, the net profit after deducting non recurring profits and losses in Northeast Electric Development Company Limited(000585) 2021 is negative, the operating income is less than 100 million yuan, and the net assets in the period are negative, which touches the situation of stock delisting.
The trading of A-Shares of the company was suspended from the opening of the market on March 31, 2022. The company said that if the Shenzhen stock exchange decides to terminate the listing of the company’s A-share shares, according to articles 9.6.1, 9.6.2 and 9.6.10 of the stock listing rules, the trading will be resumed on the next trading day after five trading days from the date when the Shenzhen Stock Exchange announces the decision to terminate the listing of the company’s A-share shares and enter the delisting consolidation period.
It is worth noting that there are few “ST companies” that have disclosed the financial statements of 2021, and most companies choose to disclose the financial statements of 2021 at the end of April. Before the financial report disclosure, the exchange requires the company to disclose the possible delisting risks in advance, and investors need to pay attention to the relevant risks in advance before the financial report disclosure.
On April 14, April 14, April 14, April 14, April 14, April 14, April 14, April 14, April 14, April 14, April 14, a number of companies, including companies such as the Dynavolt Renewable Energy Technology (Henan) Co.Ltd(002684) andother companies disclosed relevant announcements.
Shenwan Hongyuan Group Co.Ltd(000166) research shows that the registration system will be fully implemented in 2022, and the delisting system is a necessary supporting system for the successful implementation of the registration system. Only when the survival of the fittest can the registration system play an important role in optimizing the subject quality structure, achieve the balance of investment and financing in the capital market, form a healthy endogenous cycle in the capital market, and improve the quality of listed companies.
Shenwan Hongyuan Group Co.Ltd(000166) said that the normalized delisting mechanism is taking shape, the concept of “retreat as soon as possible” is gradually fully recognized, and a new market ecology of “in and out and survival of the fittest” is gradually constructed. The new delisting regulations will have a deterrent effect on listed companies and help encourage listed companies to adjust their business strategies in time to achieve steady operation. On the whole, the implementation of the new delisting regulations has achieved good results and further purified the capital market environment.
