Since this year, many stocks have taken the step of delisting. 35 Shenyang Machine Tool Co.Ltd(000410) , Ccoop Group Co.Ltd(000564) and Xin Jiang Ready Health Industry Co.Ltd(600090) and other companies are in the red line of hitting the mandatory delisting index. If the follow-up operation does not improve, the probability will be forcibly delisted.
On the evening of April 25, Dea General Aviation Holding Co.Ltd(002260) , Shanghai Greencourt Investment Group Co.Ltd(600695) disclosed the announcement of terminating the listing of shares. Among them, Dea General Aviation Holding Co.Ltd(002260) also issued the correction of performance forecast, and the loss expanded to 590 million yuan to 635 million yuan.
Dea General Aviation Holding Co.Ltd(002260) : loss of RMB 590 million to RMB 635 million
After more than 1000 days of suspension, Dea General Aviation Holding Co.Ltd(002260) was called “the strongest nail household of A-share suspension” by shareholders. Now it is finally going to enter the delisting consolidation period, and 24300 shareholders are going to usher in “liberation”.
On April 22, the Shenzhen Stock Exchange decided to terminate the listing of Dea General Aviation Holding Co.Ltd(002260) and the company’s shares will enter the delisting consolidation period from May 5. The company’s shares will be delisted on the trading day next to the expiration of the delisting consolidation period. On the evening of the 25th, Dea General Aviation Holding Co.Ltd(002260) disclosed that the opening reference price of the company’s shares on the first day of the delisting consolidation period was 3.15 yuan / share, and the rise and fall of each trading day during the period was limited to 10%.
Statistics show that Dea General Aviation Holding Co.Ltd(002260) is a foreign-funded joint venture doing supporting business for home appliance brands. The predecessor of the company is yilipu. In 2013, the company began to enter the civil aviation field and focused on civil aircraft, engines, airborne equipment and systems.
On the evening of April 25, Dea General Aviation Holding Co.Ltd(002260) issued a performance forecast amendment announcement. According to the latest estimate, the net profit loss in 2021 was 590 million yuan to 635 million yuan, a year-on-year decrease of 290724% to 312135%; Deduct non net profit loss of 63.08 million yuan to 108 million yuan.
for the reasons for this performance change, Dea General Aviation Holding Co.Ltd(002260) said that based on the principle of prudence, the company accrued the estimated liabilities of pending litigation on the progress of litigation cases involving “Guangzhou Rural Commercial Bank Co., Ltd.” and the results of the first instance judgment
In February this year, the company received the first instance judgment of Guangzhou intermediate people’s court. According to the judgment results, Dea General Aviation Holding Co.Ltd(002260) , Shandong Xinchao Energy Corporation Limited(600777) , Zoje Resources Investment Co.Ltd(002021) respectively bear the liability for compensation for half of the debts determined by the first instance judgment that Huaxiang (Beijing) Investment Co., Ltd. cannot pay off, and bear the case acceptance fee and property preservation fee within the range of 7.9786 million yuan.
Dea General Aviation Holding Co.Ltd(002260) believes that there are many errors in the determination of facts and the application of law in the judgment of first instance. At present, an appeal of second instance has been submitted to the Guangdong Provincial High Court. In view of the fact that the judgment of the first instance has not yet taken effect, the appeal of the second instance is in the process of trial and involves many subjects of repayment obligations, Dea General Aviation Holding Co.Ltd(002260) according to the provisions of relevant accounting standards and based on the principle of prudence, the estimated liabilities of pending litigation, i.e. 531 million yuan, are accrued with one-third of the 1.594 billion yuan involved in the judgment of the first instance.
On the other hand, Dea General Aviation Holding Co.Ltd(002260) hired the appraisal company to appraise the investment real estate held by the subsidiary Yunnan yilipu, and the estimated impairment amount is about 7.5 million yuan.
Previously, due to the negative audited net assets in 2017 and 2018, the listing of Dea General Aviation Holding Co.Ltd(002260) shares has been suspended since April 29, 2019, which has been nearly three years, so it is called “A-share suspension nail account”. During this period, the company has also tried various ways such as reorganization, trying to resume listing, but it failed in the end.
Shanghai Greencourt Investment Group Co.Ltd(600695) : stock suspension
On the evening of April 25, another company Shanghai Greencourt Investment Group Co.Ltd(600695) also announced that it had received the supervision letter from the Shanghai Stock Exchange and the prior notice of the intention to terminate the listing of the company’s shares. On the same day, Shanghai Greencourt Investment Group Co.Ltd(600695) issued an annual report, with negative net profit deducted and operating income of less than 100 million yuan. According to relevant regulations, the listing of A-Shares and B shares of the company may be terminated. And the shares will be suspended from April 26.
Statistics show that as of March 31 this year, the number of Shanghai Greencourt Investment Group Co.Ltd(600695) shareholders was 54000, an increase of 2.12% over the previous quarter. The latest share price closed at 1.7 yuan. Since this year, the company’s share price has fallen by more than 60%.
According to the data, Shanghai Greencourt Investment Group Co.Ltd(600695) business scope includes investment management, disposal of non-performing assets, investment information consultation, business information consultation, etc. According to the disclosure of the annual report, Shanghai Greencourt Investment Group Co.Ltd(600695) 2021 had a revenue of 977493 million yuan and a net profit of 216176 million yuan, reversing the loss year-on-year and deducting a non net profit loss of 312062 million yuan.
for the change of performance, the company said that the main reason was the increase of non-performing assets business income through business focus in the current period, which became the main source of business income of the company in addition, the non-performing assets business has made certain operating income and profits, and the disposal of industrial real estate of shenzhuan highway and some Shenwan Hongyuan Group Co.Ltd(000166) stocks has made gains. In the same period of last year, the company has accrued a large amount of credit impairment loss for U.S. debt investment.
According to the rules of Shanghai Stock Exchange, the income obtained by Shanghai Greencourt Investment Group Co.Ltd(600695) carrying out non-performing assets business in 2021 shall be deducted, and the profits generated by this part of business shall be included in non recurring profits and losses. The operating income after deduction is 611100 yuan and the net profit after deduction is -312062 million yuan.
Since this year, A-Shares have ushered in a wave of delisting. On April 22, Egls Co.Ltd(002619) stopped trading and delisted, becoming the first delisting share of this year. Up to now, six companies including Egls Co.Ltd(002619) , delisting Xinyi and Northeast Electric Development Company Limited(000585) have been or are in the process of delisting, and several companies including Shenyang Machine Tool Co.Ltd(000410) , Ccoop Group Co.Ltd(000564) and Xin Jiang Ready Health Industry Co.Ltd(600090) are in the red line of reaching the mandatory delisting index. If the follow-up operation does not improve, they may be forced to delist.
Insiders pointed out that at present, the diversified and normalized delisting mechanism of A-Shares is gradually improved, and the strict implementation of the compulsory delisting system will further accelerate the construction of a market ecology of “in and out, survival of the fittest”. This year, the number of A-share delisting companies may reach a new high.
