Another A-share actual accuser was detained. On May 18, Jiangsu Chengxing Phosph-Chemical Co.Ltd(600078) ( Jiangsu Chengxing Phosph-Chemical Co.Ltd(600078) ) disclosed that Li Xing, the actual accuser of the company, was detained in Jiangyin detention center on suspicion of refusing to execute the judgment and ruling. According to the annual report of 6 Guangdong Xinhui Meida Nylon Co.Ltd(000782) 021, Li Xing was born in 1953, aged 69, and was listed as the person subject to execution for dishonesty. Looking back at the Jiangsu Chengxing Phosph-Chemical Co.Ltd(600078) historical announcement, the company was filed for investigation, and Li Xing was warned and fined by the CSRC. In addition, in terms of the company’s share price, 6 Easyhome New Retail Group Corporation Limited(000785) , the limit rose successively on May 16 and 17, and the limit fell and closed on May 18.
actual accuser Li Xing is detained
On May 18, Jiangsu Chengxing Phosph-Chemical Co.Ltd(600078) disclosed that the company received a notice from the family of the actual accuser Li Xing on that day. Li Xing’s family received a detention notice from Jiangyin Public Security Bureau on May 17 about Li Xing’s alleged refusal to execute the judgment and ruling. Now Li Xing is detained in Jiangyin detention center.
Jiangsu Chengxing Phosph-Chemical Co.Ltd(600078) said that Li Xing does not hold any position in the company, and the above matters do not have a significant impact on the company’s daily production and operation activities. The board of directors of the company will continue to pay attention to the progress of the above events and fulfill the obligation of information disclosure in a timely manner.
According to the 2021 annual report disclosed by Jiangsu Chengxing Phosph-Chemical Co.Ltd(600078) disclosure, Li Xing was born in 1953, with a college degree and a senior economist. He is currently the chairman and President of the board of directors of Chengxing group, the controlling shareholder of the company. He is also the chairman of Petrochina Company Limited(601857) and the working committee of small and medium-sized enterprises of Chemical Industry Association. He was the chairman of the listed company from September 2006 to October 2018.
In addition, during the reporting period, Jiangsu Chengxing Phosph-Chemical Co.Ltd(600078) , the controlling shareholder Chengxing group and the actual controller Li Xing were the dishonest Executees.
Jiangsu Chengxing Phosph-Chemical Co.Ltd(600078) said that Chengxing group, the controlling shareholder of the company, holds 171 million shares (all non tradable shares), accounting for 25.78% of the total share capital of the company. At present, the cumulative pledge and freezing of Chengxing group’s shares are 171 million shares, accounting for 100% of the total shares of the company and 25.78% of the total share capital of the company.
The disclosure of Li Xing’s detention also triggered discussions among Jiangsu Chengxing Phosph-Chemical Co.Ltd(600078) investors. Wang Chikun, an independent economist, told the Beijing Business Daily that as the actual controller of a listed company, his every move also represents the company’s image, which will inevitably have a certain negative impact on the company after being detained.
It should be pointed out that Jiangsu Chengxing Phosph-Chemical Co.Ltd(600078) shares closed at the limit on May 18. The trading market showed that Jiangsu Chengxing Phosph-Chemical Co.Ltd(600078) opened slightly higher on the same day, but the company’s share price began to fluctuate and decline after the opening, and closed the limit in the afternoon. The company’s share price closed at the limit price of 9.62 yuan / share on the same day, with the latest total market value of 6.374 billion yuan. In the first two days, i.e. May 16 and 17, the Jiangsu Chengxing Phosph-Chemical Co.Ltd(600078) share price rose one after another.
In response to relevant questions, the reporter of Beijing Business Daily called Jiangsu Chengxing Phosph-Chemical Co.Ltd(600078) Secretary Office for an interview, but no one answered the phone.
was warned by the CSRC
Looking back on the Jiangsu Chengxing Phosph-Chemical Co.Ltd(600078) historical announcement, the company was investigated by the CSRC, and the actual controller Li Xing was warned and fined.
Back in December 2015, Jiangsu Chengxing Phosph-Chemical Co.Ltd(600078) was filed for investigation by the CSRC due to the company’s alleged failure to disclose information as required. Then, in February 2019, the CSRC’s ticket was officially issued, and Jiangsu Chengxing Phosph-Chemical Co.Ltd(600078) there were many illegal facts such as failing to disclose the non operating capital transactions with the controlling shareholders and their related parties as required, and there were false records in the annual reports of 2011 and 2012.
At that time, the CSRC ordered Jiangsu Chengxing Phosph-Chemical Co.Ltd(600078) to make corrections, gave a warning and imposed a fine of Shanghai Pudong Development Bank Co.Ltd(600000) yuan; Li Xingyu was warned and fined 300000 yuan respectively.
It is worth mentioning that Jiangsu Chengxing Phosph-Chemical Co.Ltd(600078) was filed again by the CSRC six years after being filed for investigation.
On December 8, 2021, Jiangsu Chengxing Phosph-Chemical Co.Ltd(600078) disclosed that the CSRC decided to file a case against the company for suspected illegal information disclosure; On the same day, Chengxing group, the controlling shareholder of the company, received the notice of filing a case from the CSRC. The CSRC decided to file a case against Chengxing group on suspicion of illegal information disclosure.
Up to now, the above investigation is still in progress.
It is understood that Jiangsu Chengxing Phosph-Chemical Co.Ltd(600078) is mainly engaged in the production and sales of fine phosphorus chemical products. The product sales adopt pure market-oriented operation, mainly through direct sales and distribution. In 2020 and 2021, Jiangsu Chengxing Phosph-Chemical Co.Ltd(600078) achieved attributable net profits of about -2.301 billion yuan and 2.015 billion yuan respectively; The corresponding net profit after deduction is about – 2.343 billion yuan and – 125 million yuan respectively.
In the first quarter of this year, Jiangsu Chengxing Phosph-Chemical Co.Ltd(600078) achieved an operating revenue of about 1.023 billion yuan, corresponding to an attributable net profit of about 67.56 million yuan and an attributable net profit of about 69.84 million yuan after deduction.
In addition, on February 8 this year, Jiangyin regional headquarters economic Park Development and Investment Co., Ltd. applied to Jiangyin court for reorganization of Chengxing group, the controlling shareholder of Jiangsu Chengxing Phosph-Chemical Co.Ltd(600078) and on February 9, Jiangsu Chengxing Phosph-Chemical Co.Ltd(600078) received a notification letter from Chengxing group, saying that the above reorganization application had been accepted by the court and Jiangsu mousheng law firm was appointed as the manager of Chengxing group, and Chengxing group entered the reorganization procedure, It may have an impact on Jiangsu Chengxing Phosph-Chemical Co.Ltd(600078) equity structure, etc.
Jiangsu Chengxing Phosph-Chemical Co.Ltd(600078) said that the company and Chengxing group remain independent in terms of business, personnel, assets, institutions and finance. Chengxing group’s entry into the reorganization process will not affect the company’s daily production and operation, and there is still uncertainty about the success of Chengxing group’s subsequent reorganization.
