* ST Hongxiang year-end "big sale", has 169 million yuan in cash, the first three quarters of the loss of more than 47 million yuan
Reporter |
*ST Hongxiang (300427.SZ) disclosed at noon on December 22 that according to the resolution of the company's second extraordinary general meeting of shareholders in 2023, the company publicly listed and transferred 100% of the equity of Wolong Electric Yinchuan Transformer Co., Ltd. (hereinafter referred to as "Yinchuan Transformer") on the Southwest United Equity Exchange (hereinafter referred to as the "Southwest Stock Exchange"), after 3 rounds of listing, as of the expiration of the announcement on November 23, 2023,* ST Hongxiang solicited a total of 1 intended transferee, Zhejiang Times Jintai Environmental Protection Technology Co., Ltd., and delisted and confirmed, and the delisting transaction price was 331 million yuan.
After the completion of the transaction, *ST Hongxiang will no longer hold the equity interest in Yinchuan Transformer and will no longer include Yinchuan Transformer in the scope of consolidated financial statements. According to the latest developments, *ST Hongxiang has received the first tranche of the transfer price of RMB169 million (accounting for 51% of the transfer price).
According to the data, *ST Hongxiang was established on July 29, 2005 and listed on February 17, 2015, and its main business is the research and development, production, sales and related technical services of power testing and power equipment, railway and rail transit traction power supply equipment, military electronics and other products, and new energy projects. In 2021, the company had a loss of 612 million yuan, and the net profit in 2022 returned to 65.4531 million yuan, but in the first three quarters of 2023, there will be a loss again, with a net profit of -47.8452 million yuan and a non-net profit of -57.3651 million yuan. At the very least, the first installment of the transfer was able to cover the loss.
Due to the fact that Rongcheng Certified Public Accountants (Special General Partnership) issued an audit report on the company's 2022 annual financial report that could not express an opinion, *ST Hongxiang was specially treated by the Shenzhen Stock Exchange as a "delisting risk warning" in May this year.
Source: Announcement
Jiemian News noted that in addition to the deliberation opinions of "unable to express opinions" in the 2022 annual report, the company's independent directors Qi Shusen, Yang Yifei and Ding Xinghao could not guarantee that the content of the company's 2022 annual report was true, accurate and complete. According to the content of the report of Rongcheng Certified Public Accountants (Special General Partnership): "Due to important accounting errors in the previous period, Hongxiang Co., Ltd. made corrections to the financial statements for 2019-2021. The impact of this accounting error correction on the operating income of Hongxiang Co., Ltd. in 2019, 2020 and 2021 is -94.4181 million yuan, -170.7681 million yuan and -16.371 million yuan respectively, accounting for 7.04%, 11.26% and 1.17% of the operating income before the correction in the current year, and the impact on the net profit attributable to shareholders of listed companies in 2019, 2020 and 2021 is -49.4753 million yuan respectively. 57.8697 million yuan and 24.0102 million yuan, accounting for 21.08%, 24.98% and 3.78% of the net profit attributable to shareholders of listed companies before the correction of the current year, and the impact on the equity attributable to shareholders of the parent company in 2019, 2020 and 2021 was -49.4753 million yuan, -107.3449 million yuan and -83.3347 million yuan respectively, accounting for 2.21%, 4.50% and 4.92% of the equity attributable to shareholders of the parent company before the correction. As of the date of the auditor's report, we were unable to obtain sufficient and appropriate audit evidence to determine the possible impact of the relevant matters and their integrity related to the correction of the above-mentioned accounting errors on the financial statements of Hongxiang Co., Ltd. for the year 2022 and previous years".
On the disk, boosted by the news, *ST Hongxiang appeared bulls in the afternoon of the announcement, and the company's shares rose 3.88% on December 22 against the background of Shanghai down 0.13% and Shenzhen down 0.39%.
Source: Straight Flush