With the performance forecast showing the “family background”, the capital market journey of Great Wall International Acg Co.Ltd(000835) may be closer and closer to the terminal.
On the evening of January 25, Great Wall International Acg Co.Ltd(000835) released a performance forecast. The company expects an operating revenue of 1.8 million yuan – 2.3 million yuan in 2021; The net profit loss is RMB 235 million to RMB 350 million, and the net profit loss after deduction is RMB 120 million to RMB 180 million; Net assets ranged from – 750 million yuan to – 1.1 billion yuan. Three indicators have touched the delisting red line.
For Great Wall International Acg Co.Ltd(000835) nearly 28000 shareholders, this is a performance forecast that makes them almost desperate. On January 26, Great Wall International Acg Co.Ltd(000835) shares were firmly closed to the limit, with a fixed market value of 654 million yuan, ranking third from bottom in the whole A-share market.
no hope to protect the shell
For ST company, which has been “wearing stars and hats”, the financial report of 2021 is a matter of “life and death”.
According to the listing rules, after the delisting risk warning of the stock is implemented, it appears in the first fiscal year: the audited net profit is negative and the revenue is less than 100 million yuan, or after retroactive restatement, the net profit in the most recent fiscal year is negative and the revenue is less than 100 million yuan; The audited ending net assets are negative, or the ending net assets of the latest fiscal year after retroactive restatement are negative; If the financial accounting report is issued with qualified opinions, audit reports that cannot express opinions or negative opinions, the exchange will terminate the listing and trading of its shares.
Compared with the financial indicators, Great Wall International Acg Co.Ltd(000835) the operating revenue, net profit and net assets of 2021 all touched the red line, and the delisting outcome has been basically determined. In the Great Wall International Acg Co.Ltd(000835) stock bar, investors lamented. (click to enter Great Wall International Acg Co.Ltd(000835) )
The company said that during the reporting period, due to multiple factors such as shortage of funds, epidemic situation, loss of personnel, litigation and entrusted operation disputes, the business of the company and its main subsidiaries was still basically at a standstill, and there were obvious signs of impairment of relevant assets; At the same time, the company’s huge debts are still overdue.
The leading Party of Great Wall International Acg Co.Ltd(000835) has actively protected the shell. During the reporting period, the company invested and established three subsidiaries including Xiamen Qiqu Mobile Travel Network Technology Co., Ltd., Xiamen shuangdarun Trading Co., Ltd. and Xiamen Digital Mobile Travel Network Technology Co., Ltd., which are mainly engaged in Internet data marketing services, with a turnover of about 60 million yuan. However, since the relevant businesses have not yet formed a stable business model, according to the relevant regulations of Shenzhen Stock Exchange, The above operating income shall be deducted from the operating income.
In addition, the company was authorized by the general meeting of shareholders to apply to Xiamen intermediate court for pre reorganization and obtain registration. Up to now, the pre reorganization of the company is still in progress, and there is still significant uncertainty whether the follow-up can enter the reorganization procedure.
Great Wall International Acg Co.Ltd(000835) said that no matter whether the company terminates its listing or not, the company will spare no effort to maintain its daily production, operation and management. The company solemnly reminds investors to invest rationally and pay attention to investment risks.
“rescue” failed
From the stock price performance, with the “haunting” of various capital parties, Great Wall International Acg Co.Ltd(000835) ‘s stock price rose from about 1.3 yuan in February 2021 to about 3.8 yuan. However, since 2022, or due to the failure of shell preservation expectation, the company’s share price has fallen continuously, and the latest share price is 2 yuan.
Great Wall International Acg Co.Ltd(000835) was once one of the “troikas” in the A-share market led by Zhao ruiyong, a Zhejiang businessman. In 2018, due to the rupture of Zhao ruiyong’s capital chain, the “troika” disintegrated, great wall film and television withdrew from the market in 2021, Tianmu Pharmaceutical (i.e. Hangzhou Tianmushan Pharmaceutical Enterprise Co.Ltd(600671) ) changed its ownership to others, and the control of Great Wall animation (i.e. Great Wall International Acg Co.Ltd(000835) ) fluctuated.
What the market still expects is the former second-largest shareholder of Great Wall International Acg Co.Ltd(000835) ‘s “continental system”, whose leader is Chen Tieming. According to public information, founded in 1997, Dazhou holding group is a comprehensive and international large-scale enterprise group whose business covers three industrial clusters: culture and entertainment, financial securities, real estate investment and development. It has more than 40 domestic and foreign enterprises with total assets of more than 10 billion.
According to the investigation, the “Continental Department” settled in Great Wall International Acg Co.Ltd(000835) in 2017 and held more than 14% of the shares of listed companies through continuous licensing and judicial bidding, making it the second largest shareholder. However, with the exposure of Zhao ruiyong’s capital problems, listed companies have been in a state of deep cover.
Seeing “stepping on thunder”, the continental Department began to rescue. At the end of 2020, Chen Tieming led the “continental system” to enter the Great Wall International Acg Co.Ltd(000835) board of directors, and the office address of the listed company was also moved from Hangzhou to Xiamen, where the “continental system” is located. It was once believed that the “continental system” had actually controlled Great Wall International Acg Co.Ltd(000835) . However, in March 2021, Zhenxing biology took control of the board of directors of Great Wall International Acg Co.Ltd(000835) by means of entrusted transfer of voting rights, and the “continental system” gave way.
However, the ownership of Zhenxing biology failed to “revitalize” the listed company, and the company’s main business did not improve. Zhejiang Qingfeng, the former controlling shareholder of Great Wall International Acg Co.Ltd(000835) , disappeared, and the operating condition was even worse.
Turn the clock to October 2021. The trader of Great Wall International Acg Co.Ltd(000835) changed again, the entrusted voting right of Shanxi Zhenxing was lifted, and the “Continental” people came back to power and settled on the board of directors. As of December 15, 2021, due to the auction of some shares held by Zhejiang Qingfeng, Dazhou entertainment has surpassed Zhejiang Qingfeng as the largest shareholder and the actual controller has become Chen Tieming. After that, the “continental system” actively promoted shell preservation, but it was too late.
According to the reporter’s inquiry, the “continental system” increased its holdings of Great Wall International Acg Co.Ltd(000835) shares for three years, with a cumulative cost of about 270 million yuan. At present, the market value of its shares is only about 92 million yuan.
