On May 16, changdongtui released the fourth risk warning announcement of delisting consolidation trading, saying that the company’s shares had been decided to terminate listing by Shenzhen Stock Exchange. The Shenzhen Stock Exchange will delist the company’s shares on the trading day following the expiration of the delisting consolidation period.
Previously, Egls Co.Ltd(002619) was officially delisted by the Shenzhen Stock Exchange and became the first game stock to be delisted this year.
Great Wall animation was terminated from the market
On May 16, changdongtui released the fourth risk warning announcement of delisting consolidation trading, saying that the company’s shares had been decided to terminate listing by Shenzhen Stock Exchange. The Shenzhen Stock Exchange will delist the company’s shares on the trading day following the expiration of the delisting consolidation period.
The announcement pointed out that the company’s shares will be traded for 15 trading days during the delisting consolidation period. As of the disclosure date of this announcement (May 16, 2022), the company’s shares will be traded for 11 trading days. For the remaining four trading days, the listing will be terminated at the expiration of the trading period. Please invest carefully.
According to the data, the company has more than 30000 shareholders as of March 31, 2022.
Previously, on April 20, Great Wall animation announced that the company had received the decision on terminating the listing of Great Wall International Acg Co.Ltd(000835) shares (SZS [2022] No. 379) from Shenzhen Stock Exchange. Shenzhen Stock Exchange decided to terminate the listing of Great Wall animation shares, and Great Wall animation shares entered the delisting period from April 27, 2022.
The company disclosed that the opening reference price of the company’s shares on the first day of the delisting consolidation period is 1.03 yuan / share, and the price rise and fall limit will not be implemented on the first trading day of the delisting consolidation period. Thereafter, the rise and fall limit on each trading day will be 10%, and its securities abbreviation will be changed to “long-term dynamic retreat”.
Because the audited net profit in 2020 is negative and the operating income is less than 100 million yuan, the audited net assets at the end of the period are negative, and the annual financial and accounting report in 2020 is issued with an audit report that cannot express an opinion, Great Wall animation has been warned of delisting risk since April 30, 2021.
Longyuan industry, the predecessor of Great Wall animation, was listed in June 1999 and later changed its name to Sichuan Shengda. In July 2014, great wall film and television culture enterprise group joined the listed company through equity agreement transfer. Zhao ruiyong and Zhao Fanfan became the actual controllers of the company. While the company changed its name, its main business was transformed into animation design, production and distribution, game development and operation, creative tourism and derivative sales.
most businesses stagnate
On April 27, Great Wall animation released the first quarter report of 2022. The announcement shows that the operating income during the reporting period was 4425568 yuan, a year-on-year decrease of 92.39%; The net profit attributable to the shareholders of the listed company was – 34.04 million yuan, with a year-on-year decrease in loss.
The company admitted that due to changes in the macro environment, excessive debt burden, personnel turnover and other factors, its business activities are still basically at a standstill.
From the perspective of business performance, Great Wall animation has continued to suffer losses in recent years. From 2019 to 2021, the net profit attributable to the shareholders of the listed company of Great Wall animation was a loss of 408 million yuan, 203 million yuan and 454 million yuan respectively.
Among them, the operating revenue of Great Wall animation in 2021 was 2.3712 million yuan and the net profit was 454 million yuan. By the end of 2021, its net operating cash flow was only 175300 yuan.
In 2021, most of the business of Great Wall animation is also basically at a standstill. The seven subsidiaries and grandchildren of Great Wall animation either have stagnated business or have not contributed operating revenue. In 2021, the animation sector operated by Great Wall animation and the Oriental Guolong, Hunan Hongmeng and Shanghai Tianrui of animation derivative products (toys) were closed, with an annual sales revenue of only 1 million yuan. Only Xiamen Qiqu Mobile Travel Network Technology Co., Ltd. was mainly engaged in Internet data marketing services and other businesses in 2021, with an operating revenue of more than 1 million yuan.
At present, there are many game stocks on the edge of delisting. If the audited financial report shows that the net profit of the year after being audited is less than RMB 600 million and the accounting report issued by the accounting firm indicates that the financial risk of the year after being delisted is less than RMB 600 million respectively.
On May 5, Dalian Morningstar Network Technology Co.Ltd(002447) after the delisting risk warning was implemented, the listing of the shares may be terminated because the audited net profit in 2021 is negative and the operating income is less than RMB 100 million.
However, according to the relevant provisions of the detailed rules for self regulatory hearing procedures, the company has the right to apply for a hearing within five trading days from the date of receiving the notice. According to the announcement of listed companies, Whole Easy Internet Technology Co.Ltd(002464) , Dalian Morningstar Network Technology Co.Ltd(002447) have successively submitted hearing applications to Shenzhen Stock Exchange.
In addition, on April 28, Egls Co.Ltd(002619) was officially delisted by the Shenzhen Stock Exchange, becoming the first game stock delisted this year. Previously, from March 4 to March 31, the daily closing price of the company’s shares was lower than 1 yuan for 20 consecutive trading days, touching the termination of the listing of the shares.
