Securities code: Sansheng Intellectual Education Technology Co.Ltd(300282) securities abbreviation: Sansheng Intellectual Education Technology Co.Ltd(300282) Announcement No.: 2022018 Sansheng Intellectual Education Technology Co.Ltd(300282)
Announcement on uncovered losses reaching one third of the total paid in share capital
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.
Sansheng Intellectual Education Technology Co.Ltd(300282) (hereinafter referred to as "the company") held the 6th meeting of the 5th board of directors and the 4th meeting of the 5th board of supervisors on April 27, 2022, deliberated and adopted the proposal on making up losses up to one third of the total paid in share capital. According to the audit of Zhongshen Zhonghuan Certified Public Accountants (special general partnership), the net profit attributable to the parent company in the consolidated statements of the company in 2021 is -16256079131 yuan. As of December 31, 2021, the company's outstanding losses amounted to 67758722340 yuan, the total paid in share capital was 374306455 yuan, and the outstanding losses reached one-third of the total paid in share capital. According to the provisions of the company law and the articles of association, it shall be submitted to the general meeting of shareholders for deliberation after being deliberated and approved by the board of directors.
1、 Main reasons for losses
1. Hengfeng Information Technology Co., Ltd., a subsidiary of the company, was not significantly improved due to the intensified industry competition, the new business model has not brought significant financial contribution, covid-19 epidemic in 2021 and the provision for impairment. The operating income was 759951 million yuan, an increase of 39.67% year-on-year; The net profit was a loss of 1190874 million yuan (including 658636 million yuan of asset impairment loss and credit impairment loss), with a year-on-year increase of about 17.93%;
2. According to the completion of performance commitments in 2021, the competitive advantage of products or services and the future market competition, the company has accrued a goodwill impairment loss of 209401 million yuan for the goodwill generated from the early acquisition of yobela;
3. According to the share repurchase agreement between Wang Jing and Sansheng Intellectual Education Technology Co.Ltd(300282) on Shandong Sanpin Hengda Education Technology Co., Ltd. signed by the company and Wang Jing, the company filed an arbitration application in December 2020, and the Beijing Arbitration Commission has basically supported the company's arbitration request. The company is promoting the implementation progress according to the arbitration results, which has not been completed yet. As of December 31, 2021, the overdue principal of the unpaid equity repurchase payment payable by Wang Jing was 63.34 million yuan. The company is promoting the implementation progress according to the arbitration results, and the implementation has not been completed yet. The company estimates that relevant losses need to be accrued. The temporary amount in 2021 is 247941 million yuan, with a cumulative provision of 53.34 million yuan.
2、 Measures to be taken to cover losses
1. Maintain the stable development of the company's existing business in the field of intelligent education equipment and services and international education services. In the face of market changes in the field of intelligent education equipment, the subsidiary Guangzhou Huaxin will continue to enhance its competitiveness from the following aspects, including: (1) making use of Huaxin's brand advantages in the industry and existing infrared technology resources, continue to increase R & D investment and develop new products, Still regard the education field as the main battlefield of the company's main revenue, steadily develop the conference market and smart blackboard product line, meet the needs of key customers, and carry out more in-depth and comprehensive cooperation with them; (2) Increase the orders of European, American, Japanese and Korean brand customers, and improve the overseas market share; (3) Accelerate the upgrading and substitution of new products and improve the performance advantages of products; (4) Integrate high-quality supplier resources, make strategic goods preparation plan, and ensure the price advantage of raw material cost and delivery guarantee strategy; Strengthen capacity upgrading, improve processing efficiency and reduce production costs; Improve quality management and inspection standards, ensure product quality, and comprehensively improve operation and management efficiency and customer satisfaction.
While effectively reducing the impact of covid-19 epidemic on the company's enrollment and business development, the subsidiary zhongyubeira will improve its service ability and operation efficiency from the following aspects: (1) strengthen foreign cooperation and continue to open more international curriculum centers. It is planned to add two new campuses in 2022 and introduce Canadian curriculum partners to provide students with more choices; (2) Optimize and integrate the existing mature campus resources, add double track classes, expand the scope of students, and fully tap the resources of cooperative schools; (3) Set up diversified courses and projects according to local conditions, and enable diversified products such as ability training camp; (4) Excavate the signing rate of enrollment guidance to ensure the quality of graduate students admitted to the school; (5) The Beijing campus will expand its enrollment in different directions for more countries such as Japan and improve the scale of school running; (6) Implement the optimization of talent team and promote the standardization of curriculum system.
Under the background of the national "double reduction" policy, in order to comply with the transformation of China's education informatization 2.0, Hengfeng information, a subsidiary, will further adjust its business focus, focus on business areas, actively respond to market changes, and gradually complete the transformation from a project-based company to a product-based company. Specifically: (1) self-developed products: focus on the three product lines of big platform + big data, smart classroom and magic evaluation, focus on the main R & D force and resource investment, Polish core products and improve product competitiveness; (2) Market development: with the help of educational equipment exhibition, industry forum and other channels, carry out product release and promotion, and actively expand channels, so as to improve product coverage and market occupancy; (3) With the weakening of the impact of covid-19 epidemic, the education informatization projects delayed by government departments will be gradually implemented to grasp market opportunities and promote the recovery of operating income.
2. The arbitration between the company and Wang Jing was held on March 30, 2021, and the award of Beijing Arbitration Commission ([2021] Jingzhong case Zi No. 1207) was received on May 9, 2021, which basically supported the company's arbitration request. According to the enforcement application submitted by the company, the court has sealed up, frozen or auctioned Wang Jing's bank account, equity assets, real estate and other major personal assets in the process of enforcement. The court has taken a consumption restriction order against Wang Jing and listed her as a dishonest person to be executed. The company will maintain communication with Wang Jing while continuously promoting the progress of enforcement.
3、 Documents for future reference
1. Resolutions of the 6th meeting of the 5th board of directors;
2. Resolution of the 4th meeting of the 5th board of supervisors.
It is hereby announced.
Sansheng Intellectual Education Technology Co.Ltd(300282) board of directors April 29, 2002
