Company code: Easy Visible Supply Chain Management Co.Ltd(600093) company abbreviation: ST easy to see Easy Visible Supply Chain Management Co.Ltd(600093)
Annual report for 2021
Important tips
1、 The board of directors, board of supervisors, directors, supervisors and senior managers of the company guarantee the authenticity, accuracy and integrity of the contents of the annual report, and there are no false records, misleading statements or major omissions, and bear individual and joint legal liabilities. 2、 All directors of the company attended the board meeting. 3、 Dahua Certified Public Accountants (special general partnership) has issued an audit report for the company that cannot express an opinion. The board of directors and the board of supervisors of the company have explained the relevant matters in detail. Please pay attention to reading it.
On April 19, 2022, the company received the advance notice of administrative punishment and market prohibition issued by the CSRC. The suspected illegal facts are: there are false records and major omissions in the regular reports from 2015 to 2020; Failed to disclose the 2020 annual report on schedule. According to the relevant matters in the advance notice, the company adopts the retrospective restatement method to correct the important early errors involved, and makes retrospective adjustments to the financial statements from 2015 to 2020.
Dahua Certified Public Accountants issued the 2021 Easy Visible Supply Chain Management Co.Ltd(600093) financial audit report (dhsz [2022] No. 0011868) on April 26, 2022. The board of directors, board of supervisors and independent directors of the company have made special explanations on relevant matters and issued relevant opinions. For details, see the relevant documents disclosed by the company on the website of Shanghai Stock Exchange on the same date of disclosure of this report. 4、 Yang Fuxing, the person in charge of the company, Li Chao, the person in charge of accounting, and Jia Pengchao, the person in charge of the accounting organization (the person in charge of Accounting), declare that they guarantee the authenticity, accuracy and completeness of the financial report in the annual report. 5、 The profit distribution plan or the plan of converting accumulation fund into share capital in the reporting period adopted by the resolution of the board of directors
At the 33rd meeting of the 8th board of directors of the company, the proposal on the company's proposed no profit distribution in 2021 was deliberated and approved. The company plans not to make profit distribution in 2021, nor to convert capital reserve into share capital or other forms of distribution. The proposal still needs to be submitted to the 2021 annual general meeting of shareholders for deliberation. 6、 Risk statement of forward-looking statements √ applicable □ not applicable
The company's business plan and other future forward-looking statements in this annual report do not constitute the company's substantive commitment to investors. Investors are reminded to pay attention to investment risks. 7、 Is there any non operating occupation of funds by the controlling shareholders and their related parties
1. On June 20, 2020, the company received a self inspection letter from the former controlling shareholder Jiutian holdings, which confirmed that the company's four customers (Yunnan Fuyuan Hongfeng Railway Freight Co., Ltd., Qujing Zhanyi Sanxin Coal Industry Co., Ltd., Xuanwei Zhongtai Energy Co., Ltd. and Qujing tuxin Trading Co., Ltd.) occupied a total of 4.253 billion yuan of funds for the company and its subsidiaries (excluding capital occupation fee). In the letter, Jiutian holdings did not explain the relationship, occupation time point, occupation path and other key information of the four customers.
2. On April 19, 2022, the company received the advance notice of administrative punishment and market entry ban issued by the CSRC. According to the fact that the company is suspected of violating the law in the notice and in combination with the company's self-examination, the company found that except for the four enterprises mentioned in the letter from Jiutian and 21 companies such as youdianfei Technology Co., Ltd. mentioned in the notice, they are all affiliated enterprises that implement fraud controlled by Jiutian, Therefore, the balance of creditor's rights and debts of the company to 21 companies such as youdianfei technology is recognized as the balance of related creditor's rights receivable from Jiutian holding.
3. As of December 31, 2020, the balance of related creditor's rights receivable from Jiutian holdings was 13.068 billion yuan. During the reporting period, the company recovered 20 million yuan through settlement and offset. On December 31, 2021, the balance of related creditor's rights receivable from Jiutian holdings was 13.048 billion yuan. After offsetting the inflated profit of 4.820 billion yuan, the fund balance occupied by Jiutian holdings was 8.248 billion yuan.
At present, the company is still in the process of further verification, and actively cooperates with the investigation and investigation of the competent authorities to promote the recovery of related creditor's rights of Jiutian holding. Meanwhile, the company has repeatedly sent letters to Jiutian holdings to urge it to fulfill its repayment obligations. According to the data collected by the company through self-examination in the process of case filing and investigation with the public security organ, it is estimated that the recoverable value of Jiutian holding assets is about 220 million yuan. 8、 Whether there is any external guarantee in violation of the specified decision-making procedures? IX. whether more than half of the directors cannot guarantee the authenticity, accuracy and integrity of the annual report disclosed by the company? X. major risk tips
(I) risk of administrative punishment and market prohibition
On April 19, 2022, the company received the advance notice issued by the CSRC. The suspected illegal facts are: there are false records and major omissions in the periodic report from 2015 to 2020; Failed to disclose the 2020 annual report on schedule. According to the matters notified in the advance notice, the company adopts the retrospective restatement method to correct the important early errors involved, and makes retrospective adjustment to the financial statements from 2015 to 2020. After retroactive restatement, the net profits attributable to the owners of the parent company from 2016 to 2020 were -461 million yuan, - 635 million yuan, - 1472 million yuan, - 1150 million yuan and - 5419 million yuan respectively. According to the stock listing rules of Shanghai Stock Exchange (revised in December 2020) and the measures for the implementation of major illegal compulsory delisting of listed companies on Shanghai Stock Exchange, the company's shares may face major illegal compulsory delisting, The company faces the risk of administrative punishment. The final facts shall be subject to the conclusion of the decision on administrative punishment issued by the CSRC.
(II) the risk that the stock touches the financial delisting index and is terminated from listing
The audited ending net assets of the company in 2020 are negative, the financial and accounting report has been issued with an audit report that cannot express opinions, and the company's shares have been warned of delisting risk. The audited net assets of the company at the end of the period in 2021 are still negative, and the audit report with no opinion is issued in the financial and accounting report of 2021. According to the relevant provisions of the stock listing rules of Shanghai Stock Exchange (revised in January 2022), the company's shares touch the financial delisting index, and the Shanghai Stock Exchange will make a decision on whether to terminate the listing of the company's shares within 15 trading days after the disclosure of the company's annual report.
(III) risk of repayment of related claims
On June 20, 2021, Jiutian holdings, the former controlling shareholder of the company, sent a self inspection letter confirming that it occupied 4.253 billion yuan of funds for the company and its subsidiaries and promised to repay. The company immediately set up a special working group for liquidation and hired an accounting firm and a law firm to jointly promote the verification of related parties' fund occupation, business and finance. As of the disclosure date of this report, the company has sent letters to Jiutian holding for many times to urge it to fulfill its obligation of fund occupation repayment; At the same time, some former executives are suspected of committing crimes and reported to the public security organ. At present, the investigation of the case is still in progress.
According to the verification of the accounting firm and law firm hired by the company, through the company's self-examination, combined with the contents of the prior notice and the information obtained by the company in the process of cooperating with the competent authorities in the investigation, in addition to the four related parties confirmed in the letter from Jiutian holding, the company added
It controls 17 related party enterprises. As of December 31, 2021, the company has carried out unified accounting for the creditor's rights of 21 affiliated enterprises controlled by Jiutian holding and its control, and the balance of creditor's rights is 13.048 billion yuan. According to the data collected by the company through self-examination in the process of case filing and investigation with the public security organ, it is estimated that the recoverable value of Jiutian holding assets is about 220 million yuan. As of the disclosure date of this report, Jiutian Holdings has not replied to the time, nature, route and amount of funds occupied, and the company has not received any repayment. There is significant uncertainty about whether the related creditor's rights receivable from Jiutian holdings can be paid off.
(IV) litigation risk
As of the disclosure date of this report, the cumulative amount of litigation and arbitration cases of the company and its subsidiaries is 1.705 billion yuan and related interest, among which the amount of cases in which the company has lost the lawsuit is 280 million yuan and related interest, which has led to the freezing of some bank accounts, equity of subsidiaries and other related assets of the company, which has a certain impact on the capital turnover and operation management of the company, and does not rule out the subsequent addition of other litigation; Some litigation cases are in the stage of judgment not being executed, and the company may face the possibility of paying liquidated damages, penalty interest, litigation fees and other related expenses, which will increase the company's financial and management expenses; If relevant creditors apply for compulsory measures against the company's assets, the company's assets are at risk of judicial disposal.
(V) liquidity and going concern risks
The company faces the pressure of subsequent debts maturing one after another and undertaking joint and several compensation for external guarantee. The uncollected large amount of receivables of the company has not been effectively improved, the capital liquidity is tight, and the company is facing liquidity risk. In view of the unreasonable high penalty interest of the related asset management plan, the company has repeatedly sent letters to the major shareholder Dianzhong group for exemption, but as of the disclosure date of this report, it has not received a reply. The provision of high penalty interest has unequal rights and obligations and is unfair, and deviates from the relevant commitments made by shareholders, increases the amount of loss of the company, further worsens the financial situation of the company and affects the sustainable operation of the company. The company faces such problems as unresolved occupation of shareholders' funds, shrinking business volume, insolvency, litigation and arbitration, tight capital chain, freezing of some accounts, etc., and there is uncertainty in its ability to continue operation. 11、 Others □ applicable √ not applicable
catalogue
Section 1 interpretation six
Section II Company Profile and main financial indicators Section III Management Discussion and Analysis Section IV corporate governance Section V environmental and social responsibility 53 section VI important matters Section VII share changes and shareholders Section VIII Financial Report 77 section IX preferred shares two hundred and eight
(I) accounting statements containing the seals of the legal representative, the person in charge of accounting and the person in charge of accounting institutions.
(II) the contents of the original documents for future reference of the audit report with the seal of the accounting firm and the signature and seal of the certified public accountant, and the original of the certified public accountant's special explanation on the occupation of funds by the company's controlling shareholders and other related parties.
(III) originals of all company documents and announcements publicly disclosed in newspapers designated by the CSRC during the reporting period.
Section I interpretation
1、 Interpretation in this report, unless the context otherwise requires, the following words have the following meanings: Interpretation of common words
CSRC and CSRC refer to the China Securities Regulatory Commission
Yunnan Securities Regulatory Bureau refers to the Yunnan regulatory bureau of China Securities Regulatory Commission
Shanghai stock exchange refers to Shanghai Stock Exchange
Yijian shares, the company, the company and listed companies refer to Easy Visible Supply Chain Management Co.Ltd(600093)
Securities Law refers to the securities law of the people's Republic of China
Company Law refers to the company law of the people's Republic of China
Yunnan SASAC refers to the state owned assets supervision and Administration Commission of Yunnan Provincial People's government
Yunnan industrial investment group refers to Yunnan Industrial Investment Holding Group Co., Ltd
Yunnan Industrial Investment junyang refers to Yunnan Industrial Investment junyang Investment Co., Ltd
Yunnan central group and Yunnan development group refer to Yunnan Central Yunnan Industrial Development Group Co., Ltd
Jiutian group and Jiutian holding refer to Yunnan Jiutian Investment Holding Group Co., Ltd
Dahua certified public accountants means Dahua Certified Public Accountants (special general partnership)
Tianyuanquan certified public accountants refers to tianyuanquan Certified Public Accountants (special general partnership)
Yunnan Caizhi Certified Public Accountants (general partnership)
Central Yunnan supply chain refers to Yunnan Central Yunnan Supply Chain Management Co., Ltd
Dianzhong factoring refers to Shenzhen Dianzhong commercial factoring Co., Ltd
Guizhou supply chain refers to Guizhou Yijian Supply Chain Management Co., Ltd
Yijiantianshu refers to yijiantianshu Technology (Beijing) Co., Ltd
Rongshidai refers to Shenzhen rongshidai Technology Co., Ltd
Horgos factoring refers to Horgos easy to see blockchain commercial factoring Co., Ltd
Yijian Bank of Zhejiang investment fund refers to Yunnan Yijian Bank of Zhejiang equity investment fund partnership (limited partnership)
Central Yunnan venture capital refers to Yunnan Central Yunnan Venture Capital Co., Ltd
