Shenzhen Coship Electronics Co.Ltd(002052) : 2022022 announcement on delisting risk warning and stock suspension of stock trading

Stock Code: Shenzhen Coship Electronics Co.Ltd(002052) stock abbreviation: St TongZhou Announcement No.: 2020022 Shenzhen Coship Electronics Co.Ltd(002052)

Announcement on delisting risk warning and stock suspension of stock trading

The company and all members of the board of directors guarantee that the information disclosed is true, accurate and complete without false records, misleading statements or major omissions.

Special tips:

1. Shenzhen Coship Electronics Co.Ltd(002052) hereinafter referred to as “the company” disclosed the 2021 annual report on cninfo.com on April 20, 2022. The audited net profit of the company in 2021 (the lower before and after deducting non recurring profits and losses) is negative and the operating income is less than 100million yuan. According to the provisions of article 9.3.1 and 9.3.3 of the Shenzhen Stock Exchange Stock Listing Rules (revised in 2022), The company’s stock trading will be subject to delisting risk warning after the disclosure of the 2021 annual report.

2. The company disclosed the 2021 annual report on cninfo.com on April 20, 2022. The audited net profit of the company in 2021 (lower before and after deducting non recurring profits and losses) is negative, and the audit report of the latest year shows that there is uncertainty in the company’s ability to continue operating. Therefore, the net profit of the company before and after deducting non recurring profits and losses in the last three fiscal years, whichever is lower, is negative, and the audit report of the last year shows that there is uncertainty in the company’s ability to continue to operate. According to the relevant provisions of article 9.8.1 of the stock listing rules of Shenzhen Stock Exchange (revised in 2022), the company’s stock trading will continue to implement other risk warnings after the disclosure of the 2021 annual report.

3. The company’s main bank accounts were frozen by the judiciary. According to the relevant provisions of article 9.8.1 of the stock listing rules of Shenzhen Stock Exchange (revised in 2022), the company’s stock trading was superimposed with other risk warnings from February 7, 2022. As of the disclosure date of this announcement, such other risk warning situations have not been eliminated.

4. The trading of the company’s shares has been suspended for one day since the opening of the market on April 20, 2022, and resumed since the opening of the market on April 21, 2022.

5. The company’s shares have been subject to “delisting risk warning” since April 21, 2022, and the stock abbreviation has been changed from ” Shenzhen Coship Electronics Co.Ltd(002052) ” to ” ST Coship”. After the implementation of delisting risk warning, the securities code is still Shenzhen Coship Electronics Co.Ltd(002052) , and the daily rise and fall limit of the company’s stock trading is still 5%.

The company disclosed the 2021 annual report on cninfo.com on April 20, 2022. The audited net profit of the company in 2021 (the lower before and after deducting non recurring profits and losses) is negative and the operating income is less than 100 million yuan. According to articles 9.3.1 and 9.3.3 of the stock listing rules of Shenzhen Stock exchange (revised in 2022), the company’s shares will be subject to delisting risk warning after the disclosure of the 2021 annual report.

1、 The type, abbreviation, securities code of the stock and the starting date of delisting risk warning

(I) the stock type is still RMB ordinary shares;

(II) the stock abbreviation is changed from ” Shenzhen Coship Electronics Co.Ltd(002052) ” to ” Shenzhen Coship Electronics Co.Ltd(002052) “;

(III) the stock code is still ” Shenzhen Coship Electronics Co.Ltd(002052) “;

(IV) starting date of delisting risk warning: April 21, 2022;

(V) after the delisting risk warning is implemented, the daily rise and fall of stock trading is limited to 5%.

2、 Main reasons for implementing delisting risk warning

The audited net profit of the company in 2021 (the lower one before and after deducting non recurring profits and losses) is negative and the operating income is less than 100 million yuan. According to articles 9.3.1 and 9.3.3 of the stock listing rules of Shenzhen Stock Exchange (revised in 2022), the company’s shares are subject to delisting risk warning after the disclosure of the 2021 annual report.

The audited net profit of the company in 2021 (the lower before and after deducting non recurring profits and losses) is negative, and the audit report of the latest year shows that there is uncertainty in the company’s ability to continue operation. Therefore, the net profit of the company before and after deducting non recurring profits and losses in the last three fiscal years, whichever is lower, is negative, and the audit report of the last year shows that there is uncertainty in the company’s ability to continue to operate. According to the relevant provisions of article 9.8.1 of the stock listing rules of Shenzhen Stock Exchange (revised in 2022), the company’s stock trading will continue to implement other risk warnings after the disclosure of the 2021 annual report.

The company’s main bank accounts were frozen by the judiciary. According to the relevant provisions of article 9.8.1 of the stock listing rules of Shenzhen Stock Exchange (revised in 2022), the company’s stock trading was superimposed with other risk warnings from February 7, 2022. As of the disclosure date of this announcement, such other risk warning situations have not been eliminated.

3、 Opinions and specific measures of the board of directors of the company on striving to revoke the delisting risk warning

In order to effectively resolve risks, strive to improve the company’s operation, continuously improve the company’s sustainable operation ability, effectively safeguard the rights and interests of the company and all shareholders, and strive to greatly improve the sustainable operation ability in 2022, the board of directors of the company plans to take the following measures:

1. Improve the main business operation and enhance profitability.

By accelerating the transformation of business model, strengthening supply chain management, adjusting product structure and improving the endogenous profitability of main business.

2. Strengthen cost control and reduce operating costs.

Improve internal control, strengthen rigid budget management, optimize organizational processes, improve the degree of informatization, increase target responsibility assessment, and strictly control costs and expenses.

3. Revitalize the stock assets and increase the company’s income.

Improve the utilization efficiency of assets and increase the company’s profits by re integrating the stock assets that are currently inefficient or idle or by renting and selling.

4. Optimize the human resource system and provide guarantee for the development of the company.

Maintain staff stability, optimize staff structure, formulate reasonable incentive schemes and reward and punishment measures, reasonably allocate human resources, and provide guarantee for the normal operation needs and subsequent development of the company.

4、 Risk warning that stocks may be delisted

According to the relevant provisions of article 9.3.11 of the Listing Rules of Shenzhen Stock Exchange (revised in 2022):

In case of any of the following circumstances in the first fiscal year after the delisting risk warning is implemented for the stock trading of a listed company due to the circumstances in items (I) to (III) of paragraph 1 of article 9.3.1 of these rules, the exchange decides to terminate the listing and trading of its shares:

(I) the audited net profit is negative and the operating income is less than 100 million yuan, or the net profit of the most recent fiscal year after retroactive restatement is negative and the operating income is less than 100 million yuan;

(II) the audited ending net assets are negative, or the ending net assets of the latest fiscal year after retroactive restatement are negative;

(III) the financial accounting report is issued with qualified opinions, unable to express opinions or negative opinions;

(IV) failing to disclose the annual report guaranteed by more than half of the directors to be true, accurate and complete within the statutory time limit; (V) although it complies with the provisions of article 9.3.7, it fails to apply to the exchange for cancellation of delisting risk warning within the specified time limit;

(VI) due to non-compliance with article 9.3.7, the delisting risk warning application was not reviewed and approved by the exchange.

The company’s retroactive restatement leads to the occurrence of items (I) and (II) of paragraph 1 of article 9.3.1 of these rules, or the occurrence of items (IV) to (VI) of the preceding paragraph after the delisting risk warning is implemented for its stock trading due to the occurrence of items (IV) to (VI) of the preceding paragraph, or the occurrence of items (I) to (III) of the preceding paragraph in the year next to the corresponding year of the delisting risk warning index, The Exchange decided to terminate the listing and trading of its shares.

If one of the situations mentioned in the above provisions occurs in 2022, the listing of the company’s shares will be terminated. Please pay attention to investment risks and invest rationally.

5、 Main ways for the company to accept investor consultation during the implementation of delisting risk warning

Contact: Xie Zhisheng / Liu Daoyu

Tel: 075526999288 / 075526996000

Fax: 075526722666

Contact address: 27th floor, building 1, Xunmei science and Technology Plaza, No. 8, Keyuan Road, Yuehai street, Nanshan District, Shenzhen postal code: 518057

Email: [email protected].

It is hereby announced.

Shenzhen Coship Electronics Co.Ltd(002052) board of directors April 20, 2022

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