The curtain of the annual report opened, and the 2021 transcripts of listed companies were released one after another. For a small number of companies, this report card will determine the “going or staying” of the company.
On the evening of January 17, Guangdong Qunxing Toys Joint-Stock Co.Ltd(002575) , Bus Online Co.Ltd(002188) , Hainan Dadonghai Tourism Centre (Holdings) Co.Ltd(000613) , Chunghsin Technology Group Co.Ltd(603996) and other four companies issued risk warning announcements that may be terminated.
From the market performance on the 18th, the four companies were “uneven in hot and cold”. The word Bus Online Co.Ltd(002188) rose by the limit, Hainan Dadonghai Tourism Centre (Holdings) Co.Ltd(000613) , Chunghsin Technology Group Co.Ltd(603996) fell by the limit, Guangdong Qunxing Toys Joint-Stock Co.Ltd(002575) fell by 1.86%.
Tips from 4 companies: listing may be terminated
On January 17, four * ST companies issued risk suggestive announcements that may be terminated from listing.
Taking Chunghsin Technology Group Co.Ltd(603996) as an example, the company announced that the net profit in 2020 was negative, the operating income was less than 100 million yuan, the net assets at the end of the period were negative, the financial and accounting report was issued with an audit report that could not express an opinion, and the company’s shares had been warned of delisting risk. According to the preliminary accounting of the company, the audited net profit of the company in 2021 may be negative, the operating income may be less than 100 million yuan, and the net assets at the end of the period may be negative. Meanwhile, the company’s 2021 financial report may continue to be issued with non-standard audit opinions. According to the regulations, the listing of the company’s shares may be terminated. Please pay attention to the investment risks.
The announcements of the other three companies are roughly similar, listing the reasons why the company was implemented the “delisting risk warning” in 2020, and reminding investors that if the company’s annual report in 2021 continues to touch this index, the company will face the risk of termination of listing.
Specifically, the 2020 annual reports of the above four companies basically touch the delisting conditions such as the audited net profit is negative and the operating income is less than 100 million yuan, the audited net assets at the end of the period are negative, and the financial and accounting reports are issued with qualified opinions, audit reports that cannot express opinions or negative opinions.
Hainan Dadonghai Tourism Centre (Holdings) Co.Ltd(000613) : in 2020, audited by Lixin Certified Public Accountants (special general partnership), the operating income was 15.512 million yuan and the net profit attributable to shareholders of the listed company was -11.5679 million yuan.
Bus Online Co.Ltd(002188) : the net profit attributable to the shareholders of the listed company in 2020 was -114 million yuan, and the net assets attributable to the shareholders of the listed company at the end of 2020 was -113 million yuan.
Guangdong Qunxing Toys Joint-Stock Co.Ltd(002575) : the 2019 financial report was issued with an audit report that could not express an opinion. In 2020, the company’s net profit after deducting non recurring profits and losses was negative, and the operating revenue was less than 100 million yuan.
The times found that since this year, A-share listed companies have issued 18 risk warning announcements on terminating listing, involving 13 companies.
also faces the risk of termination of listing. Some people rise the limit and others fall the limit
It should be noted that although the four companies issued the risk announcement of “termination of listing” on the same day, the stock price performance was “uneven”.
Among them, Bus Online Co.Ltd(002188) word limit; Hainan Dadonghai Tourism Centre (Holdings) Co.Ltd(000613) open low and go low, and finally fall to the limit; Chunghsin Technology Group Co.Ltd(603996) word limit; Guangdong Qunxing Toys Joint-Stock Co.Ltd(002575) fell 1.86%.
The reason is that the annual performance expectations of the four companies are quite different.
Take Bus Online Co.Ltd(002188) as an example, the company also released the annual performance forecast for 2021 on the same day. The company expects to realize a net profit of RMB 126 million to RMB 176 million in 2021. The net profit after deducting non-profit is positive, and the owner’s equity is also expected to be positive by the end of 2021.
The company also said that it had conducted pre communication with the accounting firm on matters related to the performance forecast, and there was no major difference between the company and the accounting firm in the performance forecast.
The reasons for performance changes, Bus Online Co.Ltd(002188) mainly benefited from: donated assets, land and building acquisition and relocation of listed companies, and reversal of estimated liabilities due to winning lawsuits, settlement and other reasons. Among them, the land and building acquisition and relocation project has an impact on the current profit of 110 million yuan to 125 million yuan, which belongs to non recurring profit and loss.
Bus Online Co.Ltd(002188) said in the announcement that if the audited financial data of the company in 2021 is consistent with the performance forecast, and there is no delisting risk warning or other risk warning. When disclosing the 2021 annual report, the company will apply to Shenzhen stock exchange for cancellation of “delisting risk warning” and “other risk warning” for the company’s stock trading. The company’s application for cancellation of delisting risk warning and other risk warnings still needs the approval of Shenzhen Stock Exchange. There is uncertainty whether it can be approved by Shenzhen Stock Exchange.
However, for the performance forecast, the Shenzhen Stock Exchange also quickly issued an inquiry letter to the company.
Shenzhen Stock Exchange said that the report of the third quarter of 2021 showed that the company realized a net profit attributable to the parent company of 7.4018 million yuan in the first three quarters, a net profit attributable to the parent company after deducting non net assets of -14.4938 million yuan and a net asset attributable to the parent company of -90.4354 million yuan. Shenzhen stock exchange requires the company to explain the reasons and rationality of the significant changes in financial indicators in the fourth quarter, and whether there is a surprise transaction at the end of the year to avoid delisting risk.
In addition, the Shenzhen Stock Exchange also asked the company to give explanations on the related party transactions considered and approved by the company from November to December 2021, whether there are shareholders’ performance known in advance and other related matters.
The Chunghsin Technology Group Co.Ltd(603996) also released the performance forecast for 2021. The company announced that it expected a loss of 400 million yuan to 450 million yuan for the whole year. The company’s performance loss is mainly due to the credit impairment loss of RMB 191 million and interest expense of RMB 184 million, with an impact amount of RMB 375 million.
Chunghsin Technology Group Co.Ltd(603996) said that according to the preliminary accounting of the company, the audited net profit of the company in 2021 may be negative, the operating revenue may be less than 100 million yuan, and the net assets at the end of the period may be negative. Meanwhile, through the preliminary communication between the company and the audit institution, the company’s 2021 financial report may continue to be issued with non-standard audit opinions. According to the provisions of the stock listing rules of Shanghai Stock Exchange, the listing of the company’s shares may be terminated by Shanghai Stock Exchange. Please pay attention to the investment risks.
The times found that up to now, 8 companies in the A-share st sector have predicted the annual report of 2021. In addition to Bus Online Co.Ltd(002188) , Delixi Xinjiang Transportation Co.Ltd(603032) , Hubei Shuanghuan Science And Technology Stock Co.Ltd(000707) , Shenzhen Liantronics Co.Ltd(300269) , Tonghua Grape Wine Co.Ltd(600365) are all predicted to achieve “turnaround”, Huasu Holdings Co.Ltd(000509) is expected to “first loss” and Western Regions Tourism Development Co.Ltd(300859) “uncertain”.
