*ST Contemporary's original stock, abbreviated as Contemporary Oriental, was capped due to the consecutive negative audited net profit in the two fiscal years of 2018 and 2019, while the net assets in 2019 were negative.
Let's look at his business scope: TV series, theater operations, concerts, cloud computing, big data, IT system integration business.
Let's see how the non-business situation is:
Through the figure, we can see that the cinema operation and concert revenue are very tight, and the impact of the epidemic has plummeted, which has become a negative asset for a listed company. However, on November 3, the theater project was sold in the form of a 1 yuan listing and the assets were normalized, which is also the point that I have always appreciated the company, with courage, timely cutting of meat, and action, then it is a good start.
At the same time, on October 19, the contemporary was also carrying out bankruptcy reorganization, but it backfired.
And in order to turn assets into positive, we still have a method of contemporary, December 6, Xiamen Xinyu Investment Company intends to give its 35% equity in Zhangzhou Nantaiwu Fishing Port Development Co., Ltd. to the contemporary free of charge, so that the assets are normalized, this series of actions is the same as a skilled martial artist, coherently does not drag mud and water, really beautiful, we the audience are dazzled.
The battle for the defense of life and death is always so frightening, we only need to watch this capital war quietly, to see if the contemporary era can be reborn in nirvana, and whether the stock price can run wild all the way?