Securities code: Sichuan Etrol Technologies Co.Ltd(300370) securities abbreviation: St security control Announcement No.: 2022057 Sichuan Etrol Technologies Co.Ltd(300370)
Warning on the delisting risk of the company’s shares and its continued implementation
Announcement of other risk warnings and suspension
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. Sichuan Etrol Technologies Co.Ltd(300370) (hereinafter referred to as “the company”) shares will be suspended for one day from the opening of the market on Friday, April 22, 2022, and will be resumed from the opening of the market on Monday, April 25, 2022.
2. As the audited ending net assets of the company in 2021 are negative, the delisting risk warning will be implemented for the company’s stock trading since the opening of the market on April 25, 2022, and the stock abbreviation will be changed from “St security control” to ” Sichuan Etrol Technologies Co.Ltd(300370) “; The daily limit of stock trading remains unchanged at 20%; The stock code remains unchanged at Sichuan Etrol Technologies Co.Ltd(300370) . 3. The company’s shares have been subject to other risk warnings since April 26, 2021. Up to now, other risk warnings still exist and will continue to be subject to other risk warnings.
1、 The abbreviation of stock type, securities code and the starting date of delisting risk warning
1. Stock type and abbreviation: the abbreviation of A-share stock is changed from “St security control” to ” ST security control”. 2. Stock Code: Sichuan Etrol Technologies Co.Ltd(300370) .
3. The starting date of delisting risk warning: April 25, 2022.
4. Starting date of suspension and resumption of trading of the company’s shares: due to the implementation of delisting risk warning, the trading of the company’s shares will be suspended for one day from the opening of the market on Friday, April 22, 2022, and will be resumed from the opening of the market on Monday, April 25, 2022. After the resumption of trading, the delisting risk warning will be implemented.
5. The daily rise and fall of stock trading is limited to 20%.
2、 Reasons for delisting risk warning of the company and main reasons for continuing to implement other risk warnings
1. Reasons for delisting risk warning
According to the audit, the company’s net assets at the end of 2021 are -40685198486 yuan, and the net assets at the end of 2021 are –
Negative value. For details, please refer to the company’s website (www.cn. Info. Com. CN.) on April 22, 2022 Full text of 2021 annual report (Announcement No.: 2022030) disclosed on. It refers to the delisting risk warning situation that “the audited ending net assets of the latest fiscal year are negative, or the ending net assets of the latest fiscal year are negative after retroactive restatement”, as stipulated in Item 2 of paragraph 1 of article 10.3.1 of the Listing Rules of GEM stocks of Shenzhen Stock Exchange (Revised in December 2020). After the disclosure of the annual report of 2021, the trading of the company’s shares was suspended for one day on April 22, 2022. Since April 25, 2022, the Shenzhen Stock Exchange has implemented delisting risk warning treatment, and the stock abbreviation has been changed from “St security control” to ” ST security control”.
2. Reasons for continued implementation of other risk warnings
The audited net profit attributable to the parent company in the last three fiscal years of 2019, 2020 and 2021 was -201415 million yuan, – 4133337 million yuan and -866355 million yuan respectively. The audited net profit attributable to the parent company after deducting non recurring profits and losses was -593365 million yuan, – 400374 million yuan and -7307156 million yuan respectively. At the same time, due to the overdue debts, many litigation and arbitration cases have been triggered, resulting in the freezing of some bank accounts, the mortgage of a number of assets, and the company and the actual controller are listed as dishonest Executees. The company is likely to be unable to realize assets and pay off debts in the normal business process, which has a significant impact on production and operation. Although the company has disclosed the improvement measures to be taken to maintain sustainable operation, affected by the above matters, the 2021 audit report issued by Beijing Xinghua certified public accountants Co., Ltd. contains the expression of “significant uncertainty in the ability of sustainable operation”.
According to Article 9.4 of the GEM Listing Rules of Shenzhen Stock Exchange (revised in December 2020), “if a listed company is under one of the following circumstances, the exchange will implement other risk warnings for its stock trading:… (VI) the net profit before and after deducting non recurring profits and losses in the last three fiscal years is negative, and the audit report of the last year shows that there is uncertainty in the company’s ability to continue operation”, The company’s stock trading has touched other risk warning situations.
3、 Opinions of the board of directors of the company on striving to revoke the risk warning and main measures
The board of directors will actively take effective measures, focus on the company’s development strategy, make every effort to do a good job in the industrial landing coordination after the company’s relocation to Yibin, make full use of the advantages of local resources, gradually establish and improve the industrial chain, and form an industrial product and Application scenario scheme service pattern of “based on the southwest and radiating the whole country”. The company will further concentrate its resources, focus on its core business, fully ensure the steady development of its main business, further improve the quality, efficiency and profit of its business, and improve its sustainable operation ability and profitability, so as to enable the company to meet the conditions for canceling delisting risk warnings and other risk warnings as soon as possible, and safeguard the legitimate rights and interests of the company and all investors. The main measures are as follows:
1. Actively promote the reorganization of the company, cooperate with pre reorganization investors, inject funds into the company to solve the difficulties in capital turnover in the short term, and eliminate the impact of the debt crisis on the sustainable operation of the company as soon as possible. 2. Adjust the asset structure and obtain working capital through the disposal of non current assets, so as to alleviate the debt repayment pressure of the company in the next 12 months.
3. Adjust the business structure, invest more resources in product sales and service provision projects with relatively short collection cycle, and improve the turnover rate of accounts receivable and inventory.
4. In terms of business, the company will continue to focus on its core business, ensure the steady growth of its main business and further improve the quality, efficiency and profit of its business. Fully guarantee the original regional stock market; Dig deep into the stock market and do a good job in increment; Explore new business models, promote the company’s new products, new solutions and new scenario applications, and form a stable profit growth point.
4、 Risk warning that the company’s shares may be delisted
1. If the company is delisted as stipulated in the Shenzhen Stock Exchange GEM Listing Rules (revised in December 2020) in 2022, the Shenzhen Stock Exchange will decide to terminate the listing and trading of the company’s shares. 2. The information disclosure media designated by the company are securities times and cninfo (www.cn. Info. Com. CN.), All information publicly disclosed by the company shall be subject to the announcement published in the designated media. Please pay attention to investment risks.
5、 During the implementation of delisting risk warning and other risk warning, the company is the main way to receive investor consultation
Contact: Office of the board of directors (Securities Department)
Office Tel.: 08316489947 (Yibin, Sichuan) / 01062977178 (Beijing)
Office Fax: 083164898886008
Mailing address: Building 9, Jinrun Industrial Park, Xuzhou District, Yibin City, Sichuan Province
It is hereby announced.
Sichuan Etrol Technologies Co.Ltd(300370)
Board of directors
April 22, 2022
