On January 11, beienshi (836818, NQ), the innovation layer company of the new third board, announced that it planned to ratify the related party transactions between the company and other enterprises controlled by Liu zhenlie and Zhang Limin in 2021.
The reporter of the daily economic news noted that bainsch entered the guidance period for the listing of the selected layer of the new third board in October 2021 and intends to be listed on the Beijing stock exchange. Prior to the ratification of this connected transaction, on January 5, bainsch also confirmed that there was horizontal competition between it and other enterprises controlled by the actual controller, and reissued relevant commitments to solve the existing horizontal competition problems.
related party transactions with related parties
According to the announcement, there are three other enterprises controlled by the actual controller who confirmed the existence of related party transactions with bainsch in 2021, namely Shantou Chenghai xiaobee storage Co., Ltd. (hereinafter referred to as Shantou xiaobee), Guangdong Xiaocao Baby Products Co., Ltd. (hereinafter referred to as Guangdong Xiaocao) and Shenzhen Huobao E-commerce Co., Ltd. (hereinafter referred to as Shenzhen Huobao).
Specifically, in 2021, bainsch and its subsidiaries purchased goods / received labor services from Shantou Xiaomei for 890900 yuan, sold goods / provided labor services to Shenzhen Huobao for 202700 yuan, and bainsch also sold goods / provided labor services to Guangdong Xiaocao for 908500 yuan while purchasing goods / received labor services from Guangdong Xiaocao for 3340600 yuan.
The reporter noted that bainsch’s series of financial normative behaviors are more than this. On April 29, 2021, bainsch updated its 2018 and 2019 annual reports while disclosing its 2020 annual report. Among them, in the updated annual reports of 2018 and 2019, Shenzhen Knowledge Park Technology Co., Ltd. (hereinafter referred to as Knowledge Park) was recognized as a related party of bainsch, and the purchase amount of bainsch for Knowledge Park reached RMB 8.3511 million and RMB 11.2917 million respectively.
Then, have the three related parties, including Shantou little bee, ever had related party transactions with bainsch and its subsidiaries from 2018 to 2020? On January 12, the reporter of the daily economic news called bainsch, but the phone could not be connected.
It is worth mentioning that on January 5, bainsch also issued the announcement on the time limit of new commitments, disclosing that the company and its subsidiaries have horizontal competition problems with other enterprises controlled by the actual controller. Specifically, it includes the above four companies that had related party transactions with bainsch, as well as Shenzhen Miaoshi e-commerce Co., Ltd. and aopei (Shenzhen) mother and baby Technology Co., Ltd.
Bainshi’s actual controllers Liu zhenlie and Zhang Limin also promised that the above six companies under their actual control would be cancelled before May 31, 2022.
repeatedly sued for intellectual property
According to public data, bainsch was founded in 2012 and then listed on the new third board on April 19, 2016. Its main business is the design, R & D and marketing of children’s intelligent education products using Internet big data. The products are mainly sold on mainstream e-commerce platforms and franchised stores such as tmall mall, JD mall and vipshop.
According to the 2020 annual report, JD is bainsch’s largest customer, and its sales amount accounts for 21.95% of bainsch’s total annual sales.
On October 28, 2021, bainsch announced that the company had entered the guidance period for the listing of the selected layer, and the guidance institution was YueKai securities. After the original selected layer company has moved to the Beijing stock exchange as a whole, that is to say, bainsch is sprinting to be listed on the Beijing stock exchange.
The updated annual report shows that from 2018 to 2020, the net profit after deduction attributable to the shareholders of bainsch listed company was RMB 5.3096 million, RMB 12.4539 million and RMB 25.4773 million respectively, with a year-on-year increase of 104.77%, 134.55% and 104.57% respectively. However, in the first half of 2021, when bainsch’s operating revenue increased by 19.09% year-on-year, the net profit after deduction attributable to the shareholders of the listed company decreased by 29.83% year-on-year. In explaining the year-on-year decline in the company’s operating profit, bainsch said that it was mainly due to the company’s increased promotion efforts, increased publicity and promotion expenses and increased labor costs during the reporting period.
In addition, the reporter also noted that other companies under bainsch’s actual controller have been sued in relevant intellectual property disputes with bainsch as defendants for many times. For example, qixinbao shows that bainshi, together with knowledge Park and other companies, as defendants, was sued by the plaintiff Xiamen bandian Creative Technology Co., Ltd. in August 2020 for infringement of design patent rights; Beienshi and Guangdong Xiaocao, as defendants, were sued by the plaintiff Zeng zekun for infringement of the patent right of utility model. The case opened on December 20, 2021.
