The new delisting rules began to prevail.
The st sector, which had the highest growth rate in 2021, suddenly returned to its original shape in January. According to the data, the st sector index increased by nearly 57% in 2021 and has fallen by more than 3% since January this year. The market generally believes that the good performance of St sector last year includes both policy dividends that can be exempted from delisting risk and market speculation. With the implementation of business performance in 2021, a number of St sector stocks will face the test again or return their value.
Including St stocks such as st national medicine, Great Wall International Acg Co.Ltd(000835) , * Zhongxing Tianheng Energy Technology (Beijing)Co.Ltd(600856) , more than 10 stocks in the st sector have fallen by more than 20% since January. The adjustment of some ST shares is due to the forecast of the annual report. Among them, Chunghsin Technology Group Co.Ltd(603996) triggers financial portfolio delisting indicators, or will become the first delisting company under the new regulations.
the first “quasi delisting stock” under the new regulations appears
On January 17, Chunghsin Technology Group Co.Ltd(603996) released the performance forecast for 2021. It is estimated that the net profit loss is 400 million yuan to 450 million yuan, the deduction of non net profit loss is 420 million yuan to 480 million yuan, the revenue is 805000 yuan, and the owner’s equity attributable to the parent company is – 2.2 billion yuan to – 2.5 billion yuan. 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.
As the new delisting regulations add a combined delisting index of “the lower of the net profit before and after deducting non recurring profits and losses is negative and the operating revenue is less than 100 million yuan”, if the annual report of * ST company in 2021 continues to touch the delisting index, it will be delisted directly. Therefore, according to the performance forecast released by Chunghsin Technology Group Co.Ltd(603996) last night, Chunghsin Technology Group Co.Ltd(603996) will be more likely to face delisting after the issuance of the 2021 annual report. The company also issued a prompt announcement on the risk of termination of listing on January 17.
This is the first “quasi delisting stock” to appear after the implementation of the new delisting regulations. Under the influence of this news, Chunghsin Technology Group Co.Ltd(603996) has fallen by the limit for four consecutive days
please collect
For 190 million investors, the importance of understanding the new delisting regulations is self-evident. It should be noted that the new delisting regulations specifically point out that the delisting standards such as “the net profit before / after deduction is negative and the revenue is less than 100 million yuan” and “the audited net assets at the end of the most recent fiscal year are negative” are applicable to R & D listed companies from the fourth full fiscal year from the date of listing.
This means that companies IPO through the fifth channel of the science and Innovation Board will not trigger delisting standards in the first three fiscal years, regardless of net profit and revenue. The difference between the financial compulsory delisting provisions of the Beijing stock exchange is that the revenue requirements are relatively lower, and the financial index is less than 50 million yuan.
According to the latest financial disclosure rules, more “quasi delisting stocks” are expected to surface by issuing performance forecasts before the end of January this year.
According to the statistics of the securities times · databao, excluding the stocks of the science and innovation board and the Beijing stock exchange, among the individual stocks with a revenue of less than 100 million yuan in 2020 and a negative net profit or deduction of non net profit, more than 30 stocks have a revenue of less than 100 million yuan in the third quarter report of 2021. For these stocks, the operation in the fourth quarter of 2021 will become the life and death line.
Some companies have issued annual report forecasts. Among them, Baotou Tomorrow Technology Co.Ltd(600091) , Chalkis Health Industry Co.Ltd(000972) , Zhejiang Meorient Commerce & Exhibition Inc(300795) issued a loss continuation performance forecast. Baotou Tomorrow Technology Co.Ltd(600091) it is expected to achieve an operating revenue of 12.2 million yuan in 2021, corresponding to a net profit loss of 48 million yuan to 71 million yuan. Baotou Tomorrow Technology Co.Ltd(600091) said that since the company’s shares will suffer losses in 2021 and the operating income is less than RMB 100 million after the delisting risk warning is implemented, according to the regulations, the company’s shares will face the risk of delisting. In addition, the company’s 2020 financial and accounting report cannot express opinions. If there is no clear solution for the company’s financial products, the 2021 financial and accounting report may be issued with a non-standard opinion audit report.
Chalkis Health Industry Co.Ltd(000972) the annual report forecast was released on January 21. It is estimated that the operating revenue will be 150 million to 190 million yuan in 2021, and the operating revenue after deduction will be 142 million to 182 million yuan. The revenue of the stock in the first three quarters of 2021 was 7.3595 million yuan. That night, the Shenzhen stock exchange sent a letter of concern to Chalkis Health Industry Co.Ltd(000972) . Shenzhen Stock Exchange please Chalkis Health Industry Co.Ltd(000972) explain in detail the reasons and rationality of the changes in financial indicators in the fourth quarter, focusing on the significant changes in operating revenue. On this basis, explain whether the company has the situation of surprise trading and false sales at the end of the year, so as to avoid the risk of stock delisting.
Zhejiang Meorient Commerce & Exhibition Inc(300795) it is estimated that the revenue will be 155 million yuan to 200 million yuan in 2021. In the performance forecast, the company said that if the audited financial data of the company in 2021 is consistent with the performance forecast, and there is no situation specified in the Shenzhen Stock Exchange GEM Listing Rules (revised in December 2020) without any of the provisions of items 1 to 4 of paragraph 1 of article 10.3.10, the company will disclose the 2021 annual report, Apply to Shenzhen stock exchange for canceling the “delisting risk warning” for the company’s stock trading. The company’s application for canceling the delisting risk warning still needs the review and consent of Shenzhen Stock Exchange. It is uncertain whether it can obtain the review and consent of Shenzhen Stock Exchange.
net assets or continuously negative * ST shares released
The new regulations also stipulate that if the audited ending net assets of a listed company are negative in the first fiscal year after the delisting risk warning is implemented, or the ending net assets of the most recent fiscal year are negative after retroactive restatement, the listing and trading of its shares will be terminated. This means that, if * ST company cannot turn its net assets into positive before December 31, 2021, the company will face direct delisting.
Therefore, for * ST companies whose net assets are still negative in the third quarter of 2021, we need to be vigilant. Data treasure statistics show that among * ST stocks with negative net assets in 2020, 29 stocks still have negative net assets in the third quarterly report of 2021. The shareholders of Bus Online Co.Ltd(002188) welcomed good news. On January 17, Bus Online Co.Ltd(002188) released the 2021 performance forecast, and the company’s net assets and net profit have turned positive and no longer negative.
