with the disclosure of Great Wall International Acg Co.Ltd(000835) ( Great Wall International Acg Co.Ltd(000835) , formerly known as “Great Wall animation”) announcement on the termination of listing of the company’s shares, the last son of “Great Wall series” A shares entered the delisting countdown, so far, “Great Wall series” (Great wall film and Television Group) lost A-Shares
Previously, its other two A-share companies, one great wall film and television (002071) has been delisted and one Tianmu Pharmaceutical ( Hangzhou Tianmushan Pharmaceutical Enterprise Co.Ltd(600671) ) has changed ownership.
Great Wall animation enters the countdown to delisting
On the evening of April 19, Great Wall International Acg Co.Ltd(000835) announced that it had received the decision on terminating the listing of Great Wall International Acg Co.Ltd(000835) shares from Shenzhen Stock Exchange on the same day. Shenzhen Stock Exchange decided to terminate the listing of Great Wall International Acg Co.Ltd(000835) shares and Great Wall International Acg Co.Ltd(000835) shares entered the delisting consolidation period from April 27, 2022.
According to the relevant provisions of the Listing Rules of Shenzhen Stock Exchange, the delisting consolidation period is 15 trading days. On the next trading day after the expiration of the delisting consolidation period, the Shenzhen Stock Exchange will delist Great Wall International Acg Co.Ltd(000835) shares and terminate the listing of Great Wall International Acg Co.Ltd(000835) shares. This means that if Great Wall International Acg Co.Ltd(000835) fails to apply to Shenzhen stock exchange for review within the last 15 trading days, its shares will end the delisting consolidation period on May 20, 2022 and officially delist on May 23, 2022.
The basis of Shenzhen Stock Exchange’s decision to terminate the listing of Great Wall International Acg Co.Ltd(000835) is that the audited net profit in 2021, the first year after the delisting risk warning of Great Wall International Acg Co.Ltd(000835) stock trading, is negative, the operating income is less than 100 million yuan, the audited net assets at the end of the period are negative, and the annual financial and accounting report in 2021 is issued with an audit report that cannot express opinions, which touches on the situation of termination of listing specified in the stock listing rules.
On March 24 this year, Great Wall International Acg Co.Ltd(000835) announced that the type of opinions issued by zhongtianyun certified public accountants for the 2021 financial report is unable to express opinions, the company’s shares may be terminated from listing, and the trading of the company’s shares will be suspended from the opening of the market on March 25.
Previously, the audited net profit of Great Wall International Acg Co.Ltd(000835) 2020 was negative, the operating income was less than 100 million yuan, the net assets at the end of the audit period was negative, the annual financial and accounting report of 2020 was issued with an audit report that could not express an opinion, and the risk warning of delisting was implemented for Great Wall International Acg Co.Ltd(000835) stock trading since April 30, 2021.
According to the announcement, Great Wall International Acg Co.Ltd(000835) shares will be transferred to the National SME share transfer system for share transfer after the termination of listing.
as of the date of publication, Great Wall International Acg Co.Ltd(000835) the latest share price is 1.03 yuan / share, and the total market value of the company is 337 million yuan
Great Wall International Acg Co.Ltd(000835) disclosed that the opening reference price of the company’s shares on the first day of the delisting consolidation period is 1.03 yuan / share, the price rise and fall limit will not be implemented on the first trading day of the delisting consolidation period, and the rise and fall limit on each trading day thereafter will be 10%, and its securities abbreviation will be changed to “long-term dynamic retreat”.
“Great Wall System” lost a share
Great Wall International Acg Co.Ltd(000835) is a subsidiary of “Great Wall Department” and one of the three listed companies of “Great Wall Department” that used to have a shares. However, with the imminent delisting of Great Wall International Acg Co.Ltd(000835) , it was announced that “Great Wall Department” lost a shares. Previously, one of the other two companies of “Great Wall Department” had been delisted and the other one had changed ownership
In 2000, Zhejiang film and television creation Institute restructured and established Zhejiang great wall film and Television Co., Ltd. in 2010, great wall film and television group was established with Zhao ruiyong as the actual controller. In 2012, great wall film and Television Group set its sights on the capital market.
Two years later, great wall film and television backdoor Jiangsu Hongbao was successfully listed, becoming the first backdoor share of A-share film and television company and the first film and television company listed on the main board. In November of the same year, Sichuan Shengda, a listed company with coke as its main business, was listed in the backdoor of Great Wall animation.
Since then, Zhao ruiyong has acquired 30% of the shares of Tianmu pharmaceutical and become the actual controller of Tianmu Pharmaceutical by accepting equity transfer and secondary market transaction.
so far, great wall film and Television Group has become a company with three A-share listed companies: Great Wall Film and television, Great Wall animation and Tianmu pharmaceutical
However, the good times did not last long. In 2018, great wall film and television began to lose money gradually. On May 7, 2021, ST Great Wall was delisted by Shenzhen stock exchange because the closing price of shares for 20 consecutive trading days was lower than 1 yuan, and the “first backdoor stock of film and television” left the market sadly. In addition, St Tianmu has already changed its ownership to Qingdao Huilong Huaze Investment Co., Ltd.
Now, Great Wall International Acg Co.Ltd(000835) also announced that it will withdraw from the market as the last son of A-Shares of great wall.
It is understood that the Great Wall Department has a similar capital operation path for great wall film and television and Great Wall animation in a shares. They are backdoor listing – a large number of M & A assets supplement performance – business stagnation – capital chain rupture, and finally the listing myth is broken.
3 million shareholders suffer
From a fundamental point of view, Great Wall International Acg Co.Ltd(000835) operation has almost stagnated in recent years.
since 2018, Great Wall International Acg Co.Ltd(000835) net profit has suffered a significant loss. From 2018 to 2020, its net profit has lost 449 million yuan, 423 million yuan and 203 million yuan respectively
On March 25 this year, Great Wall International Acg Co.Ltd(000835) disclosed that its 2021 annual report showed that its 2021 revenue was 2.37 million yuan and its net profit loss was 454 million yuan. As of the end of last year, its net operating cash flow was only 175300 yuan.
Great Wall International Acg Co.Ltd(000835) annual report shows that in 2021, Dongfang Guolong, Hunan Hongmeng, Shanghai Tianrui, etc., which operated animation sector and animation derivative products (toys), were closed, with an annual sales revenue of only 1 million yuan. Chuzhou Creative Park, a tourism service company, is in an abnormal state of operation due to the epidemic and business disputes. It continues to suffer losses, its operating capacity is blocked and stagnated, and its annual operating income is zero. Beijing Xinyu and Xuancheng technology in the game sector are also out of business and have no income.
In addition, as of December 31, 2021, Great Wall International Acg Co.Ltd(000835) attributable to the shareholders’ equity of the parent company totaled -1.035 billion yuan. The company was short of funds and huge debts were overdue. It was responsible for late fees, liquidated damages and fines, and there were 950 million yuan of debt principal and interest overdue.
In 2020, Great Wall International Acg Co.Ltd(000835) was issued the decision on administrative punishment by Sichuan Securities Regulatory Bureau for falsely increasing net profit, failing to disclose as required, failing to pay off major debts due, and failing to disclose major litigation and arbitration as required.
In 2021, Great Wall International Acg Co.Ltd(000835) equity was auctioned in Alibaba for many times and was sold out. However, in December of that year, Great Wall International Acg Co.Ltd(000835) announced that the 5 million shares of the company held by the shareholder Qingfeng company were publicly auctioned and the relevant matters of transfer registration were completed on December 13. The winning party was continental Entertainment Co., Ltd.
up to now, Continental entertainment is the controlling shareholder of Great Wall International Acg Co.Ltd(000835) and Chen Tieming, the actual controller of continental entertainment, is the actual controller of Great Wall International Acg Co.Ltd(000835) with a total number of 30600 shareholders
