Sichuan Xun You Network Technology Co.Ltd(300467) ( Sichuan Xun You Network Technology Co.Ltd(300467) . SZ) released the announcement on the new waiting for freezing of the shares of shareholders holding more than 5% of the company. It said that recently, it received a notice from Yuan Xu, the shareholder holding more than 5% of the company, and learned through the query system of Shenzhen Branch of China Securities Depository and clearing corporation that there was a situation of new waiting for freezing of the shares of the company held by Yuan Xu.
According to the announcement, Yuan Xu has accumulated about 21.85 million frozen shares, accounting for 100% of his shares. Meanwhile, according to the Sichuan Xun You Network Technology Co.Ltd(300467) supplementary announcement, after verification with Yuan Xu, the waiting freeze of new shares may be caused by his personal loan dispute (involving the loan principal of 9.5 million yuan).
The announcement said that the waiting for the freezing of the company’s shares held by Yuan Xu is his personal matter, which has no direct impact on the company’s production and operation and corporate governance at present.
Red Star capital Bureau noted that Sichuan Xun You Network Technology Co.Ltd(300467) was far ahead in the Chinese market as an early game accelerator company. However, in recent years, the company’s performance has declined year after year, and has frequently attracted the attention of regulatorsP align = “center” the shares held by Yuan Xu, the largest shareholder, have been frozen p align = “center” future or resulting in the change of control of listed companies
According to public information, Yuan Xu is Sichuan Xun You Network Technology Co.Ltd(300467) director and President, holding more than 5% of the shares (the single largest shareholder). According to the shareholding of the top 10 shareholders of the company, Yuan Xu holds 10.75% and 21853900 shares, which is the largest shareholder of the company. In addition, Chen Jun’s shareholding ratio is 6.82%, and the number of shares is 13867000, making him the second largest shareholder of the company.
According to the announcement, Yuan Xu added 21853900 shares waiting to be frozen this time, accounting for 100% of his shares and 10.75% of the total share capital of the company. The freezing period is 36 months.
On April 14, Sichuan Xun You Network Technology Co.Ltd(300467) issued the supplementary announcement on the new waiting for freezing of shareholders holding more than 5% of the shares of the company, which said that as of the disclosure date of the announcement, Yuan Xu and Chen Jun had large overdue debts. The newly increased loan of Yuan Xu may be caused by the dispute between Yuan Xu and Yuan Xu on July 2024 as of the disclosure date of this announcement, Mr. Yuan Xu has not received the legal documents and notification documents on the judicial freezing.
In this regard, Sichuan Xun You Network Technology Co.Ltd(300467) suggested that the risk said that the shares of the company held by Yuan Xu had been frozen due to debt disputes. In addition, Yuan Xu has other outstanding debts in the future, it is not ruled out that the relevant creditors apply to the court for judicial freezing or compulsory enforcement of the shares of the listed company they hold due to debt problems, resulting in the instability of the control of the listed company p align = “center” the loss expanded in 2021 p align = “center” the share price has fallen by more than 90% at a high level
According to public information, Sichuan Xun You Network Technology Co.Ltd(300467) was founded in 2008 and listed on the Shenzhen Stock Exchange gem in May 2015. The company’s main products are “Xunyou online game accelerator” and “Xunyou mobile game accelerator”, which are known as “the first share of China’s game acceleration”.
Red Star capital Bureau noted that the company’s operation fluctuated greatly from the perspective of Sichuan Xun You Network Technology Co.Ltd(300467) performance in recent years. In 2018 and 2019, the net profit attributable to shareholders of listed companies suffered huge losses, of which the net profit in 2018 was 790 million and the net profit in 2019 was 1.186 billion. The good news is that in 2020, the company will turn from loss to profit, with a net profit of 33.58 million yuan; But in 2021, the company fell into a loss again, with a loss of more than 150 million yuan.
On January 29 this year, Sichuan Xun You Network Technology Co.Ltd(300467) released the performance forecast for 2021. In 2021, the company’s net profit attributable to shareholders of listed companies was a loss of 150180 million yuan, a year-on-year decrease of 547% – 636%
As for the reasons for the loss of performance compared with the same period of last year, Sichuan Xun You Network Technology Co.Ltd(300467) explained that the company’s Internet acceleration service business maintained stable development in 2021, in which the PC end acceleration business decreased year-on-year, and the mobile end acceleration business continued to maintain rapid growth; Overseas mobile Internet advertising business is actively starting business transformation and upgrading.
In addition, during the reporting period, the company’s evaluation institution and audit institution conducted a comprehensive inventory and asset impairment test on the equity instrument investment and goodwill asset group of the company’s subsidiaries, associates, joint ventures and other participating companies. Among them, due to the goodwill and intangible assets formed by the merger and acquisition of Chengdu shizhihou Technology Co., Ltd., it is preliminarily estimated that the asset impairment loss is about 97 million yuan in 2021; For the long-term equity investment in associates, joint ventures and other joint stock companies, it is estimated that the asset impairment loss will be about 10 million yuan in 202 7
At the same time, the performance forecast also mentioned that during the reporting period, the operation of some joint-stock companies of the company declined, and the net profit decreased year-on-year company confirmed the relevant investment loss of about 42 million yuan according to the shareholding ratio of participating companies
In addition to the performance loss, Sichuan Xun You Network Technology Co.Ltd(300467) shareholders have been rumored to be “incompatible”, and the sudden dismissal of the chairman of the company has attracted much attention. According to Sichuan Xun You Network Technology Co.Ltd(300467) announcement on April 9, 2021, in the first extraordinary general meeting of the company in 2021, the board of directors of the company deliberated and adopted the proposal on removing Mr. Zhang Jianwei from the position of director of the company. This means that Sichuan Xun You Network Technology Co.Ltd(300467) chairman Zhang Jianwei was forced out and President yuan Xu remained in office. This incident also attracted the attention of Shenzhen Stock Exchange.
Red Star capital Bureau noted that since the listing, Sichuan Xun You Network Technology Co.Ltd(300467) ‘s share price has experienced a “roller coaster” market. On September 30, 2015, the company’s share price reached 218.89 yuan / share at one time, and then fell all the way from the high point; As of the closing on April 15, 2022, Sichuan Xun You Network Technology Co.Ltd(300467) reported at 14.70 yuan / share. Today’s share price is less than 7% of its peak.
