On the 19th, Jiangsu Zhongli Group Co.Ltd(002309) announced that Wang Baixing, the controlling shareholder and chairman, had been criticized internally and fined 1 million yuan.
In response to the progress of matters related to the letter of concern of Shenzhen Stock Exchange, Jiangsu Zhongli Group Co.Ltd(002309) announced that the capital occupation disclosed in the 2021 annual report was operated by the controlling shareholder without informing the company. The company has criticized Wang Baixing, the controlling shareholder and chairman, and imposed a fine of 1 million yuan.
Jiangsu Zhongli Group Co.Ltd(002309) said that the company urged the controlling shareholders and related parties to return the Occupied Funds for many times, and the controlling shareholders said they were actively raising funds through various channels. Investors should pay attention to the risk of whether the controlling shareholders and related parties can repay on schedule.
Jiangsu Zhongli Group Co.Ltd(002309) also said that at present, the internal and external business environment of the company has not changed significantly, and the business situation is normal. The photovoltaic base business newly invested and expanded in 2021 will be promoted as planned, laying the foundation for the development of the company’s photovoltaic business in 2022 and striving to turn losses into profits.
On May 9, in the reply to the letter of concern on Jiangsu Zhongli Group Co.Ltd(002309) of Shenzhen Stock Exchange, Jiangsu Zhongli Group Co.Ltd(002309) disclosed that the controlling shareholder had formulated a plan of repayment by stages for the return of the company’s funds occupied by non operating purposes. As of the date of reply, the balance of non operating funds occupied by the controlling shareholder’s related parties was 876.9 million yuan, which had been returned by 2233493 yuan compared with the balance at the end of the period.
Jiangsu Zhongli Group Co.Ltd(002309) also replied that the capital occupation in 2021 was mainly due to the fact that the controlling shareholder’s related party unilaterally borrowed money from the supplier after the company or a third party in the supply chain paid the supplier’s money (the company has fulfilled the approval process of business payment in accordance with relevant systems); Or the controlling shareholder’s related party borrows from the business unit with accounts receivable balance, which is the non operational occupation of the company’s funds by the controlling shareholder without informing the company.
On May 19, Jiangsu Zhongli Group Co.Ltd(002309) also announced that the daily closing price increase of the company’s stock trading price deviated from the value by more than 20% in three consecutive trading days, which belongs to the abnormal fluctuation of stock trading.
The announcement said that in view of the abnormal fluctuation of the company’s stock trading, the board of directors of the company verified the relevant matters with the company and the controlling shareholders. There is no need to correct or supplement the information disclosed by the company in the early stage; The company has not found any unpublished material information that may or has had a great impact on the company’s stock trading price reported by the public media recently; The company’s recent operation is normal, and the internal and external business environment has not changed significantly; During the period of abnormal stock fluctuation, the controlling shareholders of the company do not buy or sell the company’s shares.
According to the information, Jiangsu Zhongli Group Co.Ltd(002309) is an enterprise producing flame-retardant and fire-resistant flexible cables. Its main products include flame-retardant and fire-resistant flexible cables, copper conductors, cable materials, etc.
In terms of operating performance, the financial report of 2021 showed that Jiangsu Zhongli Group Co.Ltd(002309) operating revenue was 10.558 billion yuan, a year-on-year increase of 16.88%; 3.866 billion yuan, a loss of 2.92 billion yuan in the same period last year. The consolidated operating income of the company was 10.558 billion yuan and the loss was 3.874 billion yuan.
For the reasons for the loss, Jiangsu Zhongli Group Co.Ltd(002309) explained that there are three points. First, affected by the thunderstorm of private network business, 2.352 billion yuan was withdrawn for accounts receivable, prepayments, inventory, financing guarantee and long-term equity investment losses. 2.6 billion yuan of inadequate shipping capacity and 2.6 billion yuan of operating expenses. Third, the provision for asset impairment in the current period was 495 million yuan.
On the secondary market, on May 17, 18 and 19, Jiangsu Zhongli Group Co.Ltd(002309) shares rose for three consecutive trading days.
