On January 16, Kaile Science And Technology Co.Ltd.Hubei(600260) (600260) issued a major announcement, saying that it had recently received a lien notice from the supervision committee of Shifeng District, Zhuzhou City, Hunan Province. Zhu Junlin, vice chairman and general manager of the company, was suspected of serious violation of the law and decided to take lien measures against him.
vice chairman and general manager suspected of serious violation of law
The announcement did not disclose the specific matters involved in Zhu Junlin’s detention. Kaile Science And Technology Co.Ltd.Hubei(600260) said that relevant work had been properly arranged. During this period, Ma Shengjun, vice chairman of the company, performed the duties of the general manager on his behalf.
it is worth mentioning that there were two mistakes in this announcement of only a hundred words, Kaile Science And Technology Co.Ltd.Hubei(600260) successively wrote the post of “vice chairman” as “vice chairman” and “vice chairman”.
Statistics show that Zhu Junlin was born in 1989 with a bachelor’s degree and a bachelor’s degree. He graduated from the University of Manitoba, Canada, majoring in psychology and economics. He joined Kaile Science And Technology Co.Ltd.Hubei(600260) in December 2016 and has served as deputy secretary general and general manager of the company since July 2020.
The reporter noted that since December 2020, Zhu Junlin has also served as a director of Chang Xinchang Zhong (830872), a holding subsidiary of Kaile Science And Technology Co.Ltd.Hubei(600260) . Changxin Changzhong is one of the private network communication subsidiaries of Kaile Science And Technology Co.Ltd.Hubei(600260) before thunderstorm.
the afterwave of “private network communication” after stepping on thunder
Since Shanghai Electric Group Company Limited(601727) blew up a black hole of 8.7 billion accounts receivable at the end of May last year, a hidden financing trade network under the guise of “private network communication” business has surfaced, affecting more than 10 listed companies.
among the “private network communication” thunder that shook the market last year, Kaile Science And Technology Co.Ltd.Hubei(600260) is the first company to be st due to the storm of “private network communication” business, and its performance and stock price have been seriously dragged down.
In the first three quarters of 2021, Kaile Science And Technology Co.Ltd.Hubei(600260) net profit attributable to the parent company lost 6.256 billion yuan, a significant change from profit to loss compared with the net profit of 607 million yuan in the same period of the previous year.
In the secondary market of , the company’s share price has fallen by more than 60% in the most six months since the exposure of the “private network communication” thunder stepping event of Kaile Science And Technology Co.Ltd.Hubei(600260) , the current price is 2.77 yuan / share, and the market value is only about 2.8 billion yuan.
Just last week, Kaile Science And Technology Co.Ltd.Hubei(600260) also announced that it was unable to return about 200 million yuan on schedule. On January 8, 2021, the company transferred 205 million yuan of idle raised funds from the special account for raised funds to temporarily supplement working capital.
Kaile Science And Technology Co.Ltd.Hubei(600260) explained that in the first half of 2021, the company’s private network communication business had customers’ overdue payment for goods, suppliers’ overdue supply, and sales contracts could not be executed normally, and the company’s main bank accounts were frozen, and the private network communication business had been suspended. At present, in addition to the normal optical fiber production of the company, the production and operation of optical cable, communication silicon tube and other products are greatly affected due to the freezing of accounts, the difficulty of capital turnover, the large balance of interest bearing liabilities of the company, and the special fund-raising account of Kaile Technology is frozen, so the company cannot raise funds within the time limit and return the funds to the special regulatory account on time.
Kaile Science And Technology Co.Ltd.Hubei(600260) said that the board of directors and management of the company are actively exploring feasible ways to speed up the return of funds and return the raised funds temporarily replenishing working capital as soon as possible.
In addition, earlier, Kaile Science And Technology Co.Ltd.Hubei(600260) disclosed on January 14 that some shares held by controlling shareholders were subject to judicial freezing and waiting for freezing. The company also announced simultaneously that the dispute with China Everbright Bank Company Limited Co.Ltd(601818) financial loan contract has been accepted by Wuhan Jiang’an District People’s court. Among them, Kaile Science And Technology Co.Ltd.Hubei(600260) and its controlling shareholder and holding subsidiary are the defendants. The amount involved in the case is: the loan principal is 200 million yuan and the interest is 947200 yuan.
combing past announcements, Kaile Science And Technology Co.Ltd.Hubei(600260) is a listed company that earlier arranged private network communication business, and the proportion of this business revenue is the highest among the exposed thunder stepping companies.
In 2015, Kaile Science And Technology Co.Ltd.Hubei(600260) completed the acquisition of 100% equity of Shanghai Fanzhuo communication, thus setting foot in the field of “private network communication”. After that, Kaile Science And Technology Co.Ltd.Hubei(600260) successively acquired many “private network communication” companies in changxinchang. From 2016 to 2020, the proportion of Kaile Science And Technology Co.Ltd.Hubei(600260) private network communication business revenue in total revenue increased from about 60% to about 90%. “Private network communication” has become its main business.
On July 23, 2021, Keller Technology issued a major risk warning announcement for the first time, saying that the balance of prepayments for the company’s private network communication business was 6.227 billion yuan, of which the supplier’s overdue supply contract amount was 1.151 billion yuan, and the upstream supplier’s delivery was overdue; The balance of accounts receivable of private network communication business is 61 million yuan, which has not been recovered yet; The inventory balance of private network communication business is 211 million yuan. There has been a short-term obstacle to downstream delivery. The inventory may not be fully realized, and there is a risk of asset impairment.
Subsequently, on August 15, Kaile Science And Technology Co.Ltd.Hubei(600260) disclosed that due to the suspension of private network communication business, it is expected that it will not be restored in the short term. The company’s stock implemented other risk warnings from August 17, and the stock abbreviation was changed to ” Kaile Science And Technology Co.Ltd.Hubei(600260) “.
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