Following the landing of the boot “loss caused by large amount of goodwill” in the annual report of Hainan Ruize New Building Material Co.Ltd(002596) 2021, another boot “risk of closing position caused by high proportion pledge of actual controller” has also been landed. The development of Hainan Ruize New Building Material Co.Ltd(002596) in the future is becoming clearer and is expected to move forward steadily.
high proportion pledge
On the evening of May 17, the company announced that the company’s controllers Zhang Hailin, Zhang Yilin, Sanya Daxing Group Co., Ltd. and other related parties had recently received the “enforcement notice” sent by the Guangzhou intermediate people’s Court of Guangdong Province, requiring Zhang Hailin, Feng Kuixing, Zhang Yilin, Chen Yuehong, Sanya Daxing Group Co., Ltd., Sanya Marina Hotel Co., Ltd., Qionghai Daxing Investment Co., Ltd Sanya four seasons Haiting Hotel Co., Ltd. paid a total of 1.037 billion yuan (Provisional) to Huarong Securities Co., Ltd. (hereinafter referred to as “Huarong securities”).
The above executed case is due to the stock pledge dispute between the company’s actual controllers Zhang Hailin, Zhang Yilin and Huarong securities, and the application for execution is due to the company’s actual controller’s failure to repay the pledged financing funds within the time limit. At present, the actual controller of the company may face the risk of closing the Pledged Shares or the risk of judicial freezing and auction by the pledgee.
The announcement further disclosed that the above cases involved 176909900 shares pledged to Huarong securities by Zhang Hailin and Zhang Yilin, the actual controllers of the company, accounting for 15.42% of the total share capital of the company. In addition to the above shares, the actual controller of the company also holds 251964700 shares of the company, accounting for 21.96% of the total share capital of the company, including 183356700 shares in the state of pledge or freezing, accounting for 15.98% of the total share capital of the company. Therefore, the implementation of this case may have a certain impact on the stability of the company’s share price and control.
accruing goodwill can be “downsized”
According to the review announcement, the annual report of 2021 was released on Hainan Ruize New Building Material Co.Ltd(002596) 3 March 29. In 2021, the company realized an operating revenue of 27784909 million yuan; The net profit attributable to the shareholders of the listed company was -1140708000 yuan. The annual report shows that the loss of the company basically comes from the provision. The provision for impairment of the company’s annual performance was RMB 202871 million, which had a significant impact on the company’s annual net profit of 202871 million. This “downsizing” has reduced the impairment pressure on Hainan Ruize New Building Material Co.Ltd(002596) future.
After “downsizing” in 2021, the company’s net profit in the first quarter of 2022 was 409556945 yuan in the reporting period, an increase of 65.14% over the same period last year. The operation of the company has improved significantly.
It is noteworthy that the announcement shows that the execution of the case is the personal property of the actual controller of the company, which has not had a significant impact on the daily production and operation of the company.
An obvious signal is that this enforcement event also makes the company introduce external strategic investors to put the rescue of major shareholders on the agenda.
In the annual report, the company said that in 2022, it will continue to make use of the policy dividends of Hainan free trade port and the construction of Guangdong Hong Kong Macao Bay area, continue to strengthen the deepening cooperation with state-owned enterprises and central enterprises, optimize the asset and product structure of building materials, and focus on environmental protection and ecological industry, commercial concrete business, etc.
The company is expected to move forward steadily, and the future is worth looking forward to.
