Securities code: Kelin Environmental Protection Equipment Inc(002499) securities abbreviation: ST Colin Announcement No.: 2022039 Kelin Environmental Protection Equipment Inc(002499)
Announcement on application for cancellation of delisting risk warning and other risk warnings
The company and all members of the board of directors guarantee that the contents of the announcement are true, accurate and complete without false records, misleading statements or major omissions.
Kelin Environmental Protection Equipment Inc(002499) (hereinafter referred to as “the company”) held the 14th meeting of the 5th board of directors on April 29, 2022, deliberated and adopted the proposal on applying for cancellation of delisting risk warning and other risk warnings. The company has submitted an application for cancellation of delisting risk warning and other risk warnings for the company’s stock trading to Shenzhen Stock Exchange. The relevant information is hereby announced as follows:
1、 Implementation of delisting risk warning
The company was unable to express an opinion because the 2018 financial statements were issued by an accounting firm, and the delisting risk warning was implemented for stock trading. In addition, the audited net profit of the company’s 2019 financial statements was negative, and the delisting risk warning continued to be implemented for stock trading. According to the audit results of Tianjian Certified Public Accountants (special general partnership) on the company’s financial statements in 2020, the company’s operating income in 2020 is RMB 393828 million, and the net profit after deducting non recurring profits and losses is negative, which touches the provisions of article 14.3.1 of the stock listing rules of Shenzhen Stock Exchange (revised in 2020), “(I) 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; the net profit mentioned in this section shall be subject to the lower one before and after deducting non recurring profits and losses.” According to the stock listing rules of Shenzhen Stock Exchange (revised in 2020) and relevant transition period arrangements, the company’s stock trading has continued to implement the “delisting risk warning” since the disclosure of the 2020 annual report.
2、 Implementation of other risk warnings
According to the relevant provisions of the stock listing rules of Shenzhen Stock Exchange (revised in 2020), the company’s net profit after deducting non recurring profits and losses for three consecutive fiscal years in 2018, 2019 and 2020 is negative, and the 2020 audit report shows that there is uncertainty in the company’s sustainable operation ability, touching the relevant provisions of article 13.3 of the stock listing rules of Shenzhen Stock Exchange (revised in 2020), The company’s stock trading was implemented “other risk warning”.
3、 Main audited financial data and rules comparison of the company in 2021
According to the standard unqualified audit report (YZSZ (2022) No. 110032) issued by YONGTUO Certified Public Accountants (special general partnership) after auditing the company’s financial report in 2021, the company’s operating income in 2021 was 1700123 million yuan, and the operating income after deduction was 1448452 million yuan; The net profit attributable to the shareholders of the listed company is -296482 million yuan, and the net profit attributable to the shareholders of the listed company after deducting non recurring profits and losses is -366402 million yuan; At the end of 2021, the net assets attributable to shareholders of listed companies were 376152 million yuan. In view of the above-mentioned financial data and the unqualified audit report of the standard, the situation that the company’s stock trading is subject to “delisting risk warning” has been eliminated.
In order to solve the problem of continuous operation of the company, the company has gradually started the implementation of new business after changing the controlling shareholder and actual controller in January 2021. The new business is mainly implemented by yiyoule network technology (Beijing) Co., Ltd. (hereinafter referred to as “yiyoule”), focusing on exploring development opportunities in the field of IT technology development and cross-border e-commerce services, introducing new industrial ecology and resource integration, Achieve further profit growth. In the first half of 2021, yiyoule started and initially completed team building, it technology research and development, supply chain system resource docking and other work. While vigorously investing in research and development, the company also continued to improve the patent layout to fully protect the core technology and build a solid underlying foundation for business development and future new business expansion. By gradually consolidating the underlying foundation for the development of new business and closely focusing on the overall strategic layout of the company, Yi Youle successively launched the negotiation and implementation of relevant business in the second half of the year, and the core business focused on technology research and development, information technology services, supply chain services and e-commerce. Yiyoule has gradually achieved sustained and stable sales revenue in the fourth quarter of 2021. The cash flow generated by the company’s current new main business can support the development of new business; In terms of historical debt, the company’s power station project zhongfuyuan new energy Co., Ltd. in Longzi County, Shannan, Tibet and Heze SanRui Power Co., Ltd. have completed the sale contract and received payment successively. Qian’an Ruiguang Energy Technology Co., Ltd. has also signed the acquisition framework agreement with the acquirer. It is expected to complete the sale contract within this year. The above payment collection will alleviate the historical debt and litigation problems to a great extent. The announcement on the reply to the letter of concern of Shenzhen Stock Exchange (Announcement No.: 2022008) disclosed by the company on February 17, 2022 and the announcement on the reply to the letter of concern of Shenzhen Stock Exchange (Announcement No.: 2022028) disclosed on April 16, 2022 have described in detail the profit model, business continuity, accounting treatment and other issues of the new business. Touching item (VI) of article 13.3 of the Listing Rules of Shenzhen Stock Exchange (revised in 2020), “the net profit of the company before and after deducting non recurring profits and losses in the last three fiscal years is negative, and the audit report of the last year shows that there is uncertainty in the company’s ability to continue operation;” The situation has been eliminated.
Through the self-examination of the relevant provisions of the stock listing rules of Shenzhen Stock Exchange (2022 Revision), the company has not been subject to delisting risk warning as specified in article 9.3.1, nor has it been subject to other risk warnings as specified in article 9.8.1. In view of this, the company hereby applies to Shenzhen Stock Exchange to cancel the special treatment of “delisting risk warning” and “other risk warning” for the company’s stock trading in accordance with articles 9.3.7 and 9.8.5 of the stock listing rules of Shenzhen Stock Exchange (revised 2022). During the review period of Shenzhen Stock Exchange, the company’s shares were traded normally.
4、 Opinions of independent directors
After verification, the delisting risk warning and other risk warnings of the company’s shares have been corrected. According to the relevant provisions of the stock listing rules of Shenzhen Stock Exchange (2022 Revision), the company has not been subject to delisting risk warning as specified in article 9.3.1 or other risk warnings as specified in article 9.8.1, It has met the conditions of applying for cancellation of delisting risk warning and other risk warnings in the stock listing rules of Shenzhen Stock Exchange (revised 2022). We agree that the company shall apply to Shenzhen stock exchange for cancellation of delisting risk warning and other risk warnings.
5、 Risk tips
The warning of risks and other delisting risks submitted by the company to Shenzhen Stock Exchange have been revoked. The company’s application for cancellation of delisting risk warning and other risk warnings still needs the approval of Shenzhen Stock Exchange, and there is uncertainty whether it can be approved by Shenzhen Stock Exchange. The company will timely fulfill the obligation of information disclosure according to the progress. The information disclosure media designated by the company are securities times and http://www.cn.info.com.cn, All information publicly disclosed by the company shall be subject to the announcement published in the above designated media. Please pay attention to investment risks.
It is hereby announced.
Kelin Environmental Protection Equipment Inc(002499) board of directors April 29, 2002
