The A-share computing power leasing leader may be heavily fined for violating the rules and reducing his holdings

Purple Finance

2024-04-23 19:58Posted in Henan

130,000 shareholders want to cry without tears.

A few days after the grapevine went viral on the Internet, recently, the so-called A-share computing power leasing leader Hongbo Co., Ltd. (002229.SZ) officially announced the dismissal of deputy general manager Zhou Weiwei, who no longer holds any position in the listed company.

Some people sighed and said, "A few months ago, Xiao Tiantian is now Mrs. Niu?" In fact, this is just the end of a shocking conspiracy.

A beautiful reporter operates a 300 million project

Since 2022, Hongbo shares can be called a popular fried chicken. The explosion of ChatGPT has caused a surge in domestic demand for computing power, and the company, which started with lottery printing, is not willing to be lonely, and successfully crosses over the border to catch the express train of AI, and there is no difference for a while.

Zhou Weiwei, a beautiful executive with Australian nationality, is the main operator of this plan.

The A-share computing power leasing leader may be heavily fined for violating the rules and reducing his holdings

According to reports, Zhou has a bachelor's degree in finance from the University of Adelaide in Australia and a master's degree in communication from the University of Sydney.

In June 2022, Hongbo Co., Ltd. decided to set up InBev Digital Technology to get involved in AI computing power, and only two months later, Zhou Weiwei took up the position of general manager, and grafted the Beijing AI Innovation Empowerment Center project that he had been talking with NVIDIA during the 36 Kr period to InBev Digital.

According to the agreement, InBev Digital will serve as the operating entity of the Beijing AI Innovation and Empowerment Center, at the cost of investing no less than 300 million yuan in construction and operation funds within three years.

In order to reward the contribution of the matchmaker, in November 2022, three months after Zhou Weiwei joined, Hongbo issued a stock incentive plan, announcing a one-time grant of 850,000 shares at a price of only 3.68 yuan.

At that time, the share price of Hongbo shares was about 7.50 yuan, and Zhou Weiwei's book profit exceeded 3.2 million.

This aroused questions from the regulatory authorities, and the Shenzhen Stock Exchange quickly issued a letter of concern, requiring the listed company to explain in detail the specific positions, responsibilities, tenure, work performance, contribution to the operation and other matters of the incentive object, and whether there is a transfer of interests.

In April 2023, Zhou Weiwei was promoted to deputy general manager of Hongbo Co., Ltd., and in June of the same year, the listed company was once again included in the list in the new year's stock incentive plan, planning to grant 1 million shares at a price of 18.92 yuan per share. The Shenzhen Stock Exchange issued another letter of concern.

If there is no accident, excluding normal salary, Zhou Weiwei will earn close to 20 million yuan in less than a year only through stock incentives. During the 36 Krypton period, she is not even a senior executive who needs to be publicized, and her annual salary is unlikely to exceed one million, in other words, Zhou Weiwei's treatment has skyrocketed by more than 20 times if she changes to an owner.

Due to various reasons, the stock incentive plan was terminated at the end of September of that year. However, Hongbo's love for Zhou Weiwei can still be seen, of course, the latter also proved with his own performance that it is worth it to hire a media publicist as an executive with a high salary.

Lottery printers have become computing power leasing leaders

In September 2022, Zhou Weiwei, who has been the general manager of InBev Digital Technology for less than two months, twice received dozens of institutions such as Huatai Securities, Industrial Securities, Haitong Securities, Huatai Berry Fund, CITIC Trust, and China Merchants Securities as a staff member of Hongbo Co., Ltd., promoting Beijing's AI innovation and empowerment with great fanfare, and vigorously rendering cooperation with NVIDIA and its global ecological enterprises.

Since last year, Zhou Weiwei has frequently appeared in major forums as the CEO of InBev Digital Technology and has been interviewed by the media intensively.

Under a series of operations, although in the first half of the year, more than ninety percent of Hongbo's revenue came from the printing industry, and less than one percent came from other businesses, it was still regarded by the outside world as the leader of the hot computing power leasing concept stock in A-shares, and the stock price soared all the way, from 4.51 yuan at the bottom of 2022 to 45.29 yuan, and the market value swelled from a mere 2 billion to 22 billion.

Before Hongbo entered the computing power leasing industry, there were less than 30,000 shareholders, and by the end of September last year, this number had become 131,100.

Zhou Weiwei's contribution is indispensable, but I'm afraid it doesn't stop there.

On January 10, 2024, Hongbo Co., Ltd. couldn't wait to release the 2023 annual performance forecast, and the net profit attributable to shareholders of listed companies is expected to be 37.4 million to 56.1 million yuan, a year-on-year increase of 149.8%-174.7%.

It stands to reason that any listed company based on long-term development tends to gradually release the good, rather than the good news announced at one time, and the continued attention of investors is far more important than the short-term excitement, Hongbo shares cut into the computing power for more than a year, but it seems that they want to tell all the real and pseudo benefits to the shareholders, so that many people can't figure it out, now looking back, this is completely intentional by major shareholders.

Throwing listed companies to small scatters?

The regulatory authorities have strict regulations on the reduction of key shareholders holding more than 5% of the shares, but the actual controller of Hongbo shares quietly completed a round of concealment during the soaring stock price of listed companies.

In June 2019, Mao Wei, a native of Henan, worked hard to seize control of the listed company from the You family, the founder of Hongbo Co., Ltd., with 8.03% of the shares held through Henan Huiyi Trading Co., Ltd. and the other 14.3% indirectly controlled through Henan Yutai Holdings Co., Ltd., a subsidiary of Henan Huiyi Trading Co., Ltd.

In April 2023, Hongbo Co., Ltd. suddenly announced that Huiyi Trading had transferred 94.2% of the equity of Yutai Holdings to Li Xiaolin, a natural person, and at the same time, Mao Wei transferred 100% of the equity of Huiyi Trading to Yang Kai, a natural person.

At that time, Yutai Holdings and Huiyi Trading entrusted Mao Wei with all the voting rights of the shares of the listed company held by them to ensure that the actual controller remained unchanged. The two financiers also promised not to reduce their holdings of Hongbo shares within 18 months.

In fact, it's just a beautiful lie.

From January 8 to February 28 this year, Huiyi Trading and Yutai Holdings continued to "passively reduce their holdings" through judicial deduction due to so-called contract disputes. Especially after the reduction at the end of February, the controlling shareholder of Hongbo shares has been changed from Yutai Holdings and Huiyi Trade to no controlling shareholder.

On April 12, Hongbo shares issued a performance forecast revision announcement, turning the previous 37.40-56.1 million yuan pre-profit into a 50-58 million pre-loss.

At this point in time, Hongbo shares perfectly cooperated with Yutai Holdings and Huiyi Trading's "passive reduction" work, helping Mao Wei quietly throw the high position of the listed company to Xiaosan.

Zhou Weiwei's dismissal from class is just the end of this big drama, the actual controller has already cashed out, do you still need to use props to continue acting?

In fact, these are not completely untraceable. Mao Wei took control of Hongbo shares and used the listed company as an ATM when he took control of Hongbo shares, and the accounting firm issued an "unqualified opinion with an emphasis paragraph" in the audit report of the 2019 annual report, clearly pointing out that Yutai Holdings occupied 60 million yuan of Hongbo shares for non-operating purposes. Will such goods seriously run a listed company?

The 130,000 shareholders are now facing a very embarrassing situation.

Zhou Weiwei is the contact person of NVIDIA, after she is out, the relevant projects are facing variables, if they cannot be completed as scheduled, Hongbo shares will face a huge compensation of 350 million yuan, and more importantly, if this pretense is gone, how to tell the story of "A-share computing power leasing leader"? Hongbo shares are likely to return to below 6 yuan.

After the new head of the China Securities Regulatory Commission came to power, he has been emphasizing that he will crack down on illegal holdings and protect the interests of investors, but Hongbo shares have committed crimes against the wind and blatantly completed the cash-out under the nose of the regulators.

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