Six companies have just announced delisting, and another group of companies have received the delisting decision of the exchange.
On the evening of May 18, Huaxun Fangzhou Co.Ltd(000687) , Easy Visible Supply Chain Management Co.Ltd(600093) announced that the company had received the decision of the stock exchange to terminate the listing, and the company’s shares would enter the delisting consolidation period from May 26. The delisting consolidation period was 15 trading days, and the final trading date is expected to be June 16. As of March 31, 2022, the two companies have nearly 90000 shareholders.
This year is the second year of the implementation of the new delisting regulations, and it is also a year in which the effect of the reform is concentrated. After the disclosure of the annual report in 2021, more than 40 companies in Shanghai and Shenzhen stock markets touched compulsory delisting, setting an all-time high for a shares. More than 90% of them involved financial delisting. In addition to Egls Co.Ltd(002619) , delisted Xinyi, which have been delisted and delisted, there are five companies in the delisting consolidation period, and two companies have completed the delisting consolidation period and are waiting for delisting from the exchange.
in addition to the above-mentioned companies that have been sentenced to delisting, there are still a number of companies waiting to announce whether to terminate the listing. According to the incomplete statistics of the reporter of the securities times, at present, 25 companies have received the advance notice of the planned termination of listing from the exchange
another 2 companies were forced to delist
On the evening of May 18, Huaxun Fangzhou Co.Ltd(000687) announced that the company had received the decision on terminating the listing of Huaxun Fangzhou Co.Ltd(000687) shares from Shenzhen Stock Exchange, and Shenzhen Stock Exchange decided to terminate the listing of the company’s shares.
Huaxun Fangzhou Co.Ltd(000687) because the audited net profit in 2020 is negative, the operating income is less than 100 million yuan, and the audited net assets at the end of the period are negative, the annual financial and accounting report in 2020 is issued with an audit report that cannot express an opinion, and the company’s stock trading has been warned of delisting risk since April 30, 2021.
On April 28 this year, the first annual report of Huaxun Fangzhou Co.Ltd(000687) stock trading after the delisting risk warning was implemented (i.e. the annual report of 2021) showed that the audited net profit of the company in 2021 was -719 million yuan, the operating income was 35 million yuan, and the audited net assets at the end of the period was -2.132 billion yuan. The annual financial and accounting report of 2021 was issued with an audit report that could not express an opinion, which touched on the situation of stock delisting stipulated by Shenzhen Stock Exchange.
Shenzhen Stock Exchange decided to terminate the listing of Huaxun Fangzhou Co.Ltd(000687) shares. The company’s shares will enter the delisting consolidation period from May 26. On the trading day next to the expiration of the delisting consolidation period, the exchange will delist the company’s shares. By the end of the first quarter of this year, the company had more than 45000 shareholders.
Coincidentally, Easy Visible Supply Chain Management Co.Ltd(600093) , together with Huaxun Fangzhou Co.Ltd(000687) , was forcibly delisted. On May 18, Easy Visible Supply Chain Management Co.Ltd(600093) announced that the company had received the decision on terminating the listing of Easy Visible Supply Chain Management Co.Ltd(600093) shares from Shanghai Stock Exchange, and Shanghai Stock Exchange decided to terminate the listing of the company’s shares.
Easy Visible Supply Chain Management Co.Ltd(600093) because the audited ending net assets in 2020 are negative and the financial accounting report is issued with an audit report that cannot express opinions, the delisting risk warning of the company’s shares will continue to be implemented from July 7, 2021. On April 27, 2022, the company disclosed the annual report of 2021. The audited ending net assets of 2021 were -4.972 billion yuan. Dahua Certified Public Accountants (special general partnership) issued an audit report that could not express an opinion on the company’s 2021 financial and accounting report. The above situation involves the termination of listing of shares.
The Shanghai Stock Exchange decided to terminate the listing of Easy Visible Supply Chain Management Co.Ltd(600093) shares. The company’s shares entered the delisting consolidation period. The starting date of trading is May 26, the delisting consolidation period is 15 trading days, and the final trading date is expected to be June 16.
“the first share of blockchain” has a 6-year revenue of more than 50 billion
Easy Visible Supply Chain Management Co.Ltd(600093) in addition to financial delisting, it also touches on major illegal compulsory delisting.
On the evening of April 19, Easy Visible Supply Chain Management Co.Ltd(600093) announced that the company had received the advance notice of administrative punishment issued by the CSRC. The suspected illegal facts of the company are: there are false records and major omissions in the periodic reports from 2015 to 2020; Failed to disclose the 2020 annual report on schedule.
According to the notice, from 2015 to 2020, the company falsely increased the total revenue of various false businesses by 4.441 billion yuan, 11.92 billion yuan, 12.004 billion yuan, 10.47 billion yuan, 10.987 billion yuan and 6.429 billion yuan respectively, accounting for 84.26%, 73.68%, 75.20%, 72.18%, 71.59% and 66.16% of the total operating revenue disclosed in each year. The total falsely increased revenue in six years was 56.251 billion yuan.
The false profits of RMB 1.209 billion and RMB 1.209 billion respectively accounted for the false profits of RMB 1.206 billion and RMB 4.907 billion in 2020, accounting for the false profits of RMB 1.209 billion and RMB 4.907 billion respectively (see the proportion of RMB 1.209 billion and RMB 4.907 billion respectively in 2020); After deducting inflated profits, losses were incurred for three consecutive years from 2018 to 2020.
The company said that at present, the company is verifying the facts and financial data of the company’s suspected violations in the notice. It is expected that the net profit attributable to the parent company from 2016 to 2020 will be negative, which may touch the delisting of major violations. The company will make retroactive adjustment to the financial statements from 2015 to 2020 as soon as possible.
Easy Visible Supply Chain Management Co.Ltd(600093) there are still illegal facts that the 2020 annual report has not been disclosed in time. On April 30, 2021, easy to see announced that the company could not disclose the audited 2020 annual report within the legal period, and the trading of the company’s shares would be suspended from May 6, 2021. On July 6, 2021, easy to see shares disclosed the 2020 annual report.
In addition, Easy Visible Supply Chain Management Co.Ltd(600093) did not truthfully disclose the actual controller in the annual report from 2015 to 2018. From 2015 to September 2018 and from October 2018 to December 2018, the controlling shareholder of Yijian shares was Jiutian group, and the actual controller was lengtianqing. Yijian shares did not truthfully disclose the actual controller.
Easy Visible Supply Chain Management Co.Ltd(600093) was once known as A-share “the first share of blockchain”. Yijian shares, formerly known as “Hejia shares”, formerly known as Sichuan listed company Hejia shares, was listed in 1997. In 2016, Hejia Co., Ltd. carried out blockchain business and announced to cooperate with IBM to jointly develop “easy to see blocksystem 1.0” system. In this process, IBM provided an enterprise blockchain platform based on super ledger fabric.
Since 2017, Hejia Co., Ltd. has mainly engaged in supply chain management and commercial factoring. In order to reflect the industry and development needs of the company, Hejia Co., Ltd. was renamed easy to see in April of the same year. Subsequently, Yijian shares became famous in the market and became the “first share of A-share blockchain”.
As of the latest, the closing price of Easy Visible Supply Chain Management Co.Ltd(600093) shares is 0.78 yuan / share, which is 97% lower than the historical high of the company’s share price. By the end of the first quarter, the company had nearly 44000 shareholders.
Huaxun Fangzhou Co.Ltd(000687) filed for investigation by CSRC
On the eve of the delisting of the exchange, Huaxun Fangzhou Co.Ltd(000687) was also filed for investigation by the CSRC.
On May 9, Huaxun Fangzhou Co.Ltd(000687) announced that the company received the notice of filing a case from the CSRC on May 9, 2022. Because the company was suspected of violating laws and regulations in information disclosure, the CSRC decided to file a case against the company in accordance with relevant laws and regulations.
The specific reasons for being investigated by the CSRC are still unknown. However, Huaxun Fangzhou Co.Ltd(000687) previously, there were many irregularities in many operations, including the rejection of reorganization application by the court, being included in the list of dishonest Executees, massive reduction of shareholders’ holdings, dystocia of audit report, change of annual audit accounting firm, etc.
Huaxun Fangzhou Co.Ltd(000687) has been included in the list of dishonest Executees. Due to insufficient liquidity, Huaxun Fangzhou Co.Ltd(000687) failed to fulfill the repayment obligations stipulated in the effective legal instruments within the time limit. On April 26 this year, Huaxun Fangzhou Co.Ltd(000687) was added to the list. In addition, Huaxun Fangzhou Co.Ltd(000687) is in a difficult situation of high debt and shortage of funds. At the same time, Huaxun Fangzhou Co.Ltd(000687) bankruptcy reorganization has not been accepted by the court, and the main bank accounts caused by overdue debt litigation have been sealed up and frozen.
Listed companies were sentenced to delisting, and the life of major shareholders was also difficult. According to Huaxun Fangzhou Co.Ltd(000687) announcement, some shares of Huaxun Fangzhou Co.Ltd(000687) held by Huaxun Fangzhou Technology Co., Ltd. will be subject to the first judicial auction. The number of shares to be auctioned is 125.69 million, accounting for 55.69% of the company’s shares and 16.41% of the company’s total share capital. If the above-mentioned public auction of shares is finally concluded, the controlling shareholder and actual controller of the company may be changed. At present, the auction is still in the publicity stage.
there are 25 companies awaiting sentencing
2021 is the first year for the implementation of the new delisting regulations. According to incomplete statistics by the reporter of the securities times, there will be more than 40 A-share delisting companies this year. According to the data released by the Shenzhen Stock Exchange, 24 companies have touched the delisting red line in 2022, reaching a record high. Among them, 8 companies touched the index of “operating revenue less than 100 million yuan + negative net profit”, and the effect of the new delisting regulations is obvious.
According to the data of Shanghai Stock Exchange, up to now, 21 delisting companies are expected. Among them, it is expected that 17 companies that touch the financial delisting index will be delisted, and 9 of them touch the financial portfolio index of “deducting non net profit + operating income”. In addition, delisting Xinyi touched major illegal delisting, and three companies including Anhui Andeli Department Store Co.Ltd(603031) and Guangdong Mingzhu Group Co.Ltd(600382) withdrew through diversified channels such as restructuring and active delisting.
At present, Egls Co.Ltd(002619) , delisting Xinyi have been delisted and withdrawn from the A-share market; Delisting Zhongxin and delisting lashia have completed the delisting consolidation period, waiting to be delisted; Five companies, including Dongdian, Changdong, deao, Xishui and Lvting, are in the delisting consolidation period.
In addition to the above companies that have been declared delidelilisted, according to incomplete statistics from the reporter of the securities times, there are 25 companies that have received the prior notice of delidelidelicity from the stock exchange, according to incomplete statistics from the reporter of the securities times. At present, there are 25 companies that have received the prior notice of delidelicity from the stock exchange, including Boomsense Technology Co.Ltd(300312) 31 \ , Bode Energy Equipment Co.Ltd(300023) , Inner Mongolia Tianshou Technology&Development Co.Ltd(000611) , Henan Kedi Dairy Co.Ltd(002770) , Neoglory Prosperity Inc(002147) , Lvjing Holding Co.Ltd(000502) , Hainan Dadonghai Tourism Centre (Holdings) Co.Ltd(000613) , Xiamen Overseas Chinese Electronic Co.Ltd(600870) 6 Xiandai Investment Co.Ltd(000900) 02464 Lanhai Medical Investment Co.Ltd(600896) Beijing Shuzhi Technology Co.Ltd(300038) Shangying Global Co.Ltd(600146) Netposa Technologies Ltd(300367) 3 Shandong Weida Machinery Co.Ltd(002026) 00385 Tempus Global Business Service Group Holding Ltd(300178) Hna Innovation Co.Ltd(600555) 。
Most of the above-mentioned companies are involved in financial delisting, and are currently in the process of waiting for the exchange to decide whether to terminate the listing Cheng Xiang, a Shenwan Hongyuan Group Co.Ltd(000166) strategy analyst, believes that, on the whole, the number of compulsory delisting companies this year has reached a new high over the years, a normalized delisting mechanism is taking shape, the concept of “retreat as much as possible” is gradually fully recognized, and a new market ecology of progress and exit and the survival of the fittest is gradually constructed. The new delisting regulations will have a deterrent effect on listed companies and help encourage listed companies to adjust their business strategies in time to achieve steady operation. On the whole, the implementation of the new delisting regulations has achieved good results and further purified the capital market environment.
