The first annual report of Listed Companies in Shanghai and Shenzhen in 2021 was released on the evening of January 17. After finding the main business through acquisition, Huasu Holdings Co.Ltd(000509) has applied to the exchange to cancel the delisting risk warning for the company’s stock trading. The company also reminded that it is uncertain whether it will finally obtain the approval of the exchange.
According to the annual report, in 2021, Huasu Holdings Co.Ltd(000509) achieved an operating revenue of 295 million yuan, a year-on-year increase of 488%; The net profit attributable to the shareholders of the listed company was a loss of 5.645 million yuan. After deducting non recurring profits and losses, the net profit of the company was a loss of 26.81 million yuan.
Although it still suffered losses, the company announced that according to article 9.3.7 of the stock listing rules of Shenzhen Stock Exchange (revised in 2022), the company has met the conditions for canceling the risk warning of stock delisting.
Major asset restructuring is the key to Huasu Holdings Co.Ltd(000509) getting rid of delisting risk. At the end of September 2021, Huasu Holdings Co.Ltd(000509) Chengdu Kangda Credit Suisse, a wholly-owned subsidiary, completed the acquisition of 51% equity of Tianji Zhigu (Hubei) Information Technology Co., Ltd. with a cash of 102 million yuan, which is mainly engaged in the R & D, design, production and sales services of electronic information display terminals. Thus, Huasu Holdings Co.Ltd(000509) cuts into the strategic emerging industry of electronic information display terminal.
According to the annual report, Tianji Zhigu achieved a sales revenue of 650 million yuan, shipped 1.09 million units and a net profit of 20.57 million yuan in 2021. Accordingly, the total revenue recognized by Huasu Holdings Co.Ltd(000509) included in the consolidated statements is RMB 242 million, accounting for 82.28% of the company’s operating revenue in 2021.
According to the statement of the annual report, Huasu Holdings Co.Ltd(000509) will fully support its subsidiary Tianji Zhigu to focus on its main business in the future, accelerate the implementation of capacity expansion plan, give play to scale effect, develop high value-added products, prevent single customer dependence risk, improve the supply chain system, maintain the stable growth of its main business, and seek new profit growth points close to market demand. In addition, non main business assets will be stripped off at the right time to recover funds.
The annual report also revealed that in the future, the company will deeply study the “14th five year plan” development plan of local government manufacturing industry, strive to increase investment and capital operation in the high-end field of the industrial chain, and optimize the industrial layout and product structure.
In January 2021, Hubei Asset Management Co., Ltd. became the controlling shareholder of the company by participating in the fixed increase of the company, and Hubei SASAC became the actual controller of the company. In August 2021, Huasu Holdings Co.Ltd(000509) applied to Hongtai group for a loan of 60 million yuan, with a loan term of one year and an annual interest rate of 4.80%.
