Stock Code: Shenzhen Coship Electronics Co.Ltd(002052) stock abbreviation: St Coship Announcement No.: 2022018 Shenzhen Coship Electronics Co.Ltd(002052)
With regard to the announcement that the company's outstanding losses have reached one-third of the total paid in share capital, the company and all members of the board of directors guarantee that the contents of information disclosure are true, accurate and complete, and there are no false records, misleading statements or major omissions.
1、 Overview of the situation
Shenzhen Coship Electronics Co.Ltd(002052) (hereinafter referred to as "the company") deliberated and adopted the proposal on the company's outstanding losses reaching one third of the total paid in share capital at the 9th meeting of the 6th board of directors and the 8th meeting of the 6th board of supervisors. According to the audit of the company's annual financial statements in 2021 by Dahua Certified Public Accountants (special general partnership), as of December 31, 2021, the cumulative distributable profit in the company's consolidated statements was -171606687057 yuan, the company's outstanding loss was 171606687057 yuan, the company's paid in share capital was 74595969400 yuan, and the amount of outstanding loss of the company exceeded one-third of the total paid in share capital. According to the relevant provisions of the company law of the people's Republic of China and the articles of association, this matter needs to be submitted to the general meeting of shareholders for deliberation.
2、 Main reasons for losses
The net profit of the company after deducting non recurring profits and losses in recent years is negative, mainly because with the development of Internet Digital informatization, the market competition environment has changed greatly, and the company's original main cable TV business has been severely challenged. The strategy and business transformation adjustment implemented by the company from 2014 to 2016 did not meet the expectations, which led to bank lending and capital shortage, resulting in the impact of delayed delivery of customer orders, lack of supplier confidence, brain drain and other aspects, the rapid decline of revenue scale, and the heavy cost burden, impairment disposal of idle assets and other factors have seriously frustrated the company's performance. From 2017 to 2021, the price fluctuation of raw materials, high period expenses, asset impairment loss, covid-19 epidemic and other reasons led to the continuous negative net profit after deducting non recurring profits and losses in recent five years.
3、 Countermeasures
In view of the major uncertainties related to sustainable operation pointed out in the 2021 audit report, in order to effectively resolve risks, strive to improve the company's business environment, continuously improve the company's sustainable operation ability, and effectively safeguard the rights and interests of the company and all shareholders, the board of directors of the company plans to take the following measures to strive for a significant improvement in the sustainable operation ability in 2022:
1. Improve the main business operation and enhance profitability.
Through innovative marketing, accelerate the transformation of business model, strengthen supply chain management, adjust product structure, and improve 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.
It is hereby announced.
Shenzhen Coship Electronics Co.Ltd(002052) board of directors April 20, 2022
