Stock Code: Jilin Liyuan Precision Manufacturing Co.Ltd(002501) stock abbreviation: ST Liyuan Announcement No.: 2022029 Jilin Liyuan Precision Manufacturing Co.Ltd(002501)
Announcement on application for cancellation of delisting risk warning of stock trading
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. Jilin Liyuan Precision Manufacturing Co.Ltd(002501) (hereinafter referred to as “the company”) has submitted the application for canceling the delisting risk warning to Shenzhen Stock Exchange.
2. The company’s application to revoke the delisting risk warning of stock trading still needs the approval of Shenzhen Stock Exchange. Please make careful decisions and pay attention to investment risks.
The company held the 4th meeting of the 5th board of directors on April 28, 2022, and deliberated and passed the proposal on applying for cancellation of delisting risk warning of the company’s stock trading. This proposal does not need to be submitted to the general meeting of shareholders for deliberation. The board of directors of the company considers that the company has met the conditions for applying for cancellation of delisting risk warning and agrees to apply to Shenzhen stock exchange for cancellation of delisting risk warning. The relevant information is as follows:
1、 Delisting risk warning of the company’s stock trading
1. As the company’s 2018 financial report was issued with an audit report that could not express an opinion by zhongzhun Certified Public Accountants (special general partnership) (hereinafter referred to as “zhongzhun”), according to paragraph (IV) of article 13.2.1 of the stock listing rules of Shenzhen Stock Exchange (revised in November 2018), the company’s shares have been subject to the special treatment of “delisting risk warning” since May 6, 2019.
On June 23, 2020, China standards issued an audit report with qualified opinions (Zhong Zhun Shen Zi [2020] No. 2237) for the company’s 2019 financial report. The situation that the company touched the delisting risk warning due to the type of audit opinion has been eliminated.
2. On June 24, 2020, in view of the negative audited net profit of the company in 2018 and 2019 and the negative audited net assets in 2019, according to paragraphs (I) and (II) of article 13.2.1 of the Listing Rules of Shenzhen Stock Exchange (revised in November 2018), after the disclosure of the 2019 annual report, the company’s stock trading continued to implement the “delisting risk warning”.
On April 29, 2021, China standards issued a standard unqualified audit report for the company’s 2020 financial report (Zhong Zhun Shen Zi [2021] No. 2126). According to the audit, the net profit attributable to the shareholders of the listed company in 2020 was 492880221822 yuan; The net assets at the end of the period were 211288776269 yuan. The situation that the company touches the delisting risk warning due to the occurrence of paragraphs (I) and (II) of article 13.2.1 of the Listing Rules of Shenzhen Stock Exchange (revised in November 2018) has been eliminated.
3. On November 5, 2020, Liaoyuan intermediate people’s Court of Jilin Province ruled to accept the company reorganization (hereinafter referred to as “the court”), and the company’s shares continued to be subject to delisting risk warning in accordance with paragraph (11) of article 13.2.1 of the stock listing rules of Shenzhen Stock Exchange (revised in November 2018).
On December 31, 2020, the court ruled that the implementation of the company’s reorganization plan was completed. The company’s delisting risk warning caused by the court’s acceptance of the company’s reorganization application has been eliminated.
4. On April 30, 2021, as the audited net profit after deducting non recurring profit and loss in 2020 was negative, and the operating income excluding non main business was less than 100 million yuan, according to paragraph (I) of article 14.3.1 of the stock listing rules of Shenzhen Stock Exchange (revised in 2020), the company’s stock trading continued to be subject to “delisting risk warning”. According to the relevant provisions of the notice on Issuing the Listing Rules of Shenzhen Stock Exchange (revised in 2020) and the arrangement of the transition period, the company continued to implement the delisting risk warning because it touched the delisting risk warning stipulated in the “new delisting rules”, and 2020 will be counted as the first fiscal year.
According to the audit, the company achieved an operating income of 36695785122 yuan in 2021, and the operating income after deduction (after deducting the operating income irrelevant to the main business and the income without commercial substance) was 350 Shanghai Aj Group Co.Ltd(600643) 59 yuan; The net profit attributable to the shareholders of the listed company is -44937429859 yuan; The net profit attributable to the shareholders of the listed company after deducting non recurring profits and losses is -59074649356 yuan; The net assets at the end of the period were 166152715874 yuan.
After the disclosure of the company’s 2021 annual report, the situation that the company touches the delisting risk warning due to the occurrence of paragraph (I) of article 14.3.1 of the Listing Rules of Shenzhen Stock Exchange (revised in 2020) has been eliminated.
As of the date of issuance of this application, the company has neither implemented delisting risk warning as stipulated in article 9.3.1 of the stock listing rules of Shenzhen Stock Exchange (revised in 2022), nor terminated its stock listing and trading as stipulated in article 9.3.11 of the stock listing rules of Shenzhen Stock Exchange (revised in 2022).
2、 Audited financial situation of the company in 2021
Asia Pacific (Group) Certified Public Accountants (special general partnership) (hereinafter referred to as “Asia Pacific”) audited the company’s financial report in 2021 and issued an unqualified audit report with highlighted items (yksz [2022] No. 01110849).
According to the audit, the company achieved an operating income of 36695785122 yuan in 2021, with an operating income of 350 Shanghai Aj Group Co.Ltd(600643) 59 yuan after deduction; The net profit attributable to the shareholders of the listed company is -44937429859 yuan; The net profit attributable to the shareholders of the listed company after deducting non recurring profits and losses is -59074649356 yuan; The net assets at the end of the period were 166152715874 yuan.
3、 Description of the company’s stock trading meeting the conditions for canceling the delisting risk warning
(I) the delisting risk warning has been eliminated due to the type of audit report opinions, net assets, net profits and other matters. According to the relevant provisions of the stock listing rules of Shenzhen Stock Exchange, the special treatment of delisting risk warning has been eliminated, and there are no other delisting risk warnings.
Whereas, zhongzhun issued a qualified audit report on the company’s 2019 financial report (zhongzhunshan Zi [2020] No. 2237); Zhongzhun issued a standard unqualified audit report on the company’s 2020 financial report (zhongzhunshan Zi [2021] No. 2126); According to the audit report with an unqualified opinion with highlighted items issued by Asia Pacific on the company’s 2021 financial report (yksz [2022] No. 01110849), the company achieved an operating income of 36695785122 yuan in 2021 and an operating income of 350 Shanghai Aj Group Co.Ltd(600643) 59 yuan after deduction; The net profit attributable to the shareholders of the listed company is -44937429859 yuan; The net profit attributable to the shareholders of the listed company after deducting non recurring profits and losses is -59074649356 yuan; The net assets at the end of the period were 166152715874 yuan; According to the relevant provisions of the Listing Rules of Shenzhen Stock Exchange, the delisting risk warning of the company due to the type of audit report opinions, net assets and net profits has been eliminated, and the special treatment of delisting risk warning of the company’s stock trading has been eliminated.
(II) Liaoyuan intermediate people’s court ruled that the implementation of the company’s reorganization plan has been completed, and the delisting risk warning of the company’s stock trading due to the court’s acceptance of the company’s reorganization application in accordance with the law has been eliminated
The company received the civil ruling (2020) j04 minpo No. 10-3 served by Liaoyuan intermediate people’s Court of Jilin Province on December 31, 2020. Liaoyuan intermediate people’s court ruled that the implementation of the company’s reorganization plan has been completed, and the delisting risk warning of the company’s stock trading due to the court’s acceptance of the company’s reorganization application in accordance with the law in the early stage has been eliminated.
(III) the company does not implement delisting risk warning in accordance with article 9.3.1 of the Listing Rules of Shenzhen Stock Exchange (revised in 2022)
1. The provision that “the audited net profit of the latest fiscal year is negative and the operating income is less than 100 million yuan, or the net profit of the latest fiscal year after retroactive restatement is negative and the operating income is less than 100 million yuan” is not touched. The audited net profit attributable to the shareholders of the listed company in 2021 was -44937429859 yuan; The net profit attributable to the shareholders of the listed company after deducting non recurring profits and losses is -59074649356 yuan; The operating income is 36695785122 yuan, and the operating income after deduction is 350 Shanghai Aj Group Co.Ltd(600643) 59 yuan. As of the date of issuance of this application, there is no retroactive restatement.
2. The provision that “the audited ending net assets of the latest fiscal year are negative, or the ending net assets of the latest fiscal year after retroactive restatement are negative” is not touched.
The audited ending net assets of the company in 2021 were 166152715874 yuan. As of the date of issuance of this application, there is no retroactive restatement.
3. It does not touch the provision that “the financial and accounting report of the latest fiscal year is issued with an audit report with no opinion or negative opinion”.
Asia Pacific issued an unqualified audit report with emphasis on the 2021 financial report of the company (yksz [2022] No. 01110849).
4. The provisions of “the decision on administrative punishment of the CSRC indicates that there are false records, misleading statements or major omissions in the financial report of the latest fiscal year disclosed by the company, resulting in the fact that the relevant financial indicators of the year have touched items (I) and (II) of this paragraph”.
As of the date of issuance of this application, the company has not been subject to the above relevant administrative punishment decision made by the CSRC.
(IV) the company does not have the situation of terminating the listing and trading of shares in accordance with article 9.3.11 of the stock listing rules of Shenzhen Stock Exchange (revised in 2022)
1. The provision that “the audited net profit is negative and the operating income is less than 100 million yuan, or the net profit of the most recent fiscal year after retroactive restatement is negative and the operating income is less than 100 million yuan” is not touched.
The audited net profit attributable to the shareholders of the listed company in 2021 was -44937429859 yuan; The net profit attributable to the shareholders of the listed company after deducting non recurring profits and losses is -59074649356 yuan; The operating income is 36695785122 yuan, and the operating income after deduction is 350 Shanghai Aj Group Co.Ltd(600643) 59 yuan. As of the date of issuance of this application, there is no retroactive restatement.
2. The provision that “the audited net assets at the end of the period are negative, or the net assets at the end of the most recent fiscal year after retroactive restatement are negative” is not touched.
The audited ending net assets of the company in 2021 were 166152715874 yuan. As of the date of issuance of this application, there is no retroactive restatement.
3. The provisions of “audit report with qualified opinion, unable to express opinion or negative opinion on financial accounting report” are not touched.
Asia Pacific issued an unqualified audit report with emphasis on the 2021 financial report of the company (yksz [2022] No. 01110849).
4. It does not touch the provision of “failing to disclose the true, accurate and complete annual report guaranteed by more than half of the directors within the statutory time limit”.
As of the date of issuance of this application, the company has not disclosed the true, accurate and complete annual report guaranteed by more than half of the directors within the statutory time limit.
5. It does not touch the provision that “although it complies with the provisions of article 9.3.7, it fails to apply to the exchange for cancellation of delisting risk warning within the specified time limit”.
Although the company complies with the provisions of article 9.3.7, it does not apply to the exchange for cancellation of delisting risk warning within the specified time limit.
(V) the company does not implement other risk warnings in accordance with article 9.8.1 of the stock listing rules of Shenzhen Stock Exchange (revised in 2022)
1. The company has serious capital occupation;
The company has no occupation of funds by controlling shareholders and their related parties.
2. The company provides external guarantee in violation of the prescribed procedures and the situation is serious;
Through self-examination, the company does not provide external guarantee in violation of the prescribed procedures and the situation is serious.
3. The board of directors and the general meeting of shareholders of the company cannot hold a meeting and form a resolution normally;
The board of directors and the general meeting of shareholders of the company operate normally, hold meetings normally and form legal and effective resolutions.
4. The company has been issued an internal control audit report or assurance report that cannot express an opinion or negative opinion in the latest year;
In 2021, the company did not issue an internal control audit report or assurance report that could not express opinions or negative opinions.
5. The company’s production and operation activities are seriously affected and it is expected that they will not return to normal within three months;
The production and operation of the company are normal, and there is no situation in which the production and operation activities are seriously affected and cannot return to normal within three months.
6. The company’s main bank account is frozen;
Through self-examination, there is no freezing of the company’s main bank accounts.
7. The net profit of the company before and after deducting non recurring profits and losses in the last three fiscal years, whichever is lower, is negative, and the audit report of the latest year shows that there is uncertainty in the company’s ability to continue as a going concern;
Asia Pacific issued an unqualified audit report with emphasis on the financial report of the company in 2021
