Securities code: 603958 securities abbreviation: Harson Trading (China) Co.Ltd(603958) Announcement No.: 2022-004 Hassen Trading (China) Co., Ltd
Stock trading risk warning announcement
The board of directors and all directors of the company guarantee that there are no false records, misleading statements or major omissions in the contents of this announcement, and bear individual and joint liabilities for the authenticity, accuracy and completeness of its contents.
Important risk tips:
Shanghai beast Kingdom, a joint-stock company, is not included in the consolidated statements of the company. Shanghai beast Kingdom achieved a net profit of -3.21 million yuan in 2020 and 472600 yuan from January to September 2021, which has little impact on the performance of listed companies. At present, there is no plan to launch products around blizzard.
In view of the recent large fluctuation in the stock price of Hassen Trading (China) Co., Ltd. (hereinafter referred to as "the company" and "the company"), we hereby remind the relevant matters and risks of the company again, and remind investors to pay attention to risks, make prudent decisions and invest rationally.
1. Participating companies make little contribution to the company's operating performance
Shanghai beast Kingdom Industrial Co., Ltd. (hereinafter referred to as "Shanghai beast kingdom") is a joint-stock company of the company, and the company holds 40% of its equity. Shanghai beast Kingdom achieved an operating revenue of 21.0498 million yuan and a net profit of -3.21 million yuan in 2020; From January to September 2021, the company realized an operating income of 26.8436 million yuan and a net profit of 4726 million yuan. The joint-stock company is not included in the consolidated statements of the company, and its contribution to the operating performance of the company is very small.
The cooperation mode between Shanghai beast Kingdom and Blizzard Entertainment is doll product sales. In 2020, two doll products were jointly launched. In 2020 and 2021, the operating revenue was RMB 1116300 and RMB 1700 respectively, and the net profit was RMB 414200 and RMB 0600 respectively, accounting for a small proportion of the company's net profit. At present, there is no plan to launch products around blizzard.
2. The P / E ratio of the company is significantly higher than the average dynamic P / E ratio of comparable companies in the same industry, and there is an overestimation risk. As of January 21, 2022, the actual fluctuation range of the company's share price excluding the overall factors of the market and the sector is large. The company's shares rose for three consecutive trading days, with a cumulative increase of 33.13%, and a cumulative deviation from the Shanghai stock index of 31.36%. The turnover rate and trading volume of the company's shares in recent trading days were higher than the average level of the company in the previous 20 trading days. The turnover rate increased significantly, and the trading volume increased significantly. The turnover rate on January 21 was 12.52%. According to the data, as of the disclosure date of this announcement, the dynamic P / E ratio of the company's shares was -109.08, which was higher than the average dynamic P / E ratio of comparable companies in the same industry of 58.21.
At present, the company's stock price has seriously deviated from the company's fundamentals, the P / E ratio is also significantly higher than the industry average, and there is a high valuation risk.
3. Risk of weak profitability of the company
In 2021, after preliminary accounting by the company's financial department, it is expected that the company will realize a net profit of - 13 million yuan to - 19 million yuan attributable to the shareholders of the listed company in 2021. The net profit attributable to the shareholders of the listed company after deducting non recurring profits and losses is - 24.4 million yuan to - 30.4 million yuan. The specific and accurate financial data shall be subject to the audited annual report of 2021 officially disclosed by the company. For details, please refer to the website of Shanghai Stock Exchange (www.sse. Com. CN.) on January 13, 2022 The announcement of annual performance loss in 2021 (Announcement No.: 2022-002) disclosed.
In 2020, the company achieved an operating revenue of 892 million yuan, a year-on-year decrease of 27.08%; The net profit attributable to shareholders of the listed company was -43.5329 million yuan; The company's net profit after deducting non recurring profits and losses attributable to shareholders of listed companies was negative for four consecutive years from 2017 to 2020, of which the net profit after deducting non recurring profits and losses in 2020 was -68.7586 million yuan.
In recent years, the company's profitability is weak. Please pay attention to the risk of weak profitability.
4. Reduction risk of controlling shareholders
On September 30, 2021, the company disclosed the announcement on the share reduction plan of the controlling shareholder (Announcement No.: 2021-038). The controlling shareholder Zhenxing International Co., Ltd. plans to reduce the total shares of the company by means of centralized bidding and block trading from October 28, 2021 to April 26, 2022, That is, no more than 3.96% of the total share capital of the company at that time, including no more than 430000 shares reduced by centralized bidding and no more than 430000 shares reduced by block trading. The reduction price shall be determined according to the market price at the time of implementation. As of the disclosure date of this announcement, the reduction plan of the controlling shareholder has not been completed. Investors are reminded to pay attention to investment risks.
The company solemnly reminds the majority of investors that the company's information can be found on the website of Shanghai Stock Exchange (www.sse. Com. CN.) And the relevant announcement published in Shanghai Securities News, the designated information disclosure media of the company, please invest rationally and pay attention to investment risks.
It is hereby announced.
Board of directors of Hassen Trading (China) Co., Ltd. January 22, 2022
