Trainee reporter Wen Yan
After a year and a half, Starnet Yuda has been restricted again.
On the evening of May 10, Xingwang Yuda announced that the company was "suspended from the procurement of materials and engineering services for the whole army" by the Procurement and Supply Bureau of the Army Logistics Department on May 9, 2024 due to suspected violations and untrustworthy behaviors.
The reporter noticed that on December 5, 2022, Xingwang Yuda confirmed on the interactive platform that it was punished by the Strategic Support Force and banned from participating in war procurement activities for one year.
Suspected of violating rules and dishonesty
Xingwang Yuda inquired about the information of "Announcement on the Suspension of Beijing Xingwang Yuda Technology Co., Ltd." on the military procurement network, and the reason for the suspension was suspected of violating rules and regulations.
It immediately attracted the attention of investors, and asked on the interactive platform "Is there anything wrong with the company's military procurement?" How to deal with it? What is the impact on the company? ”
At present, Xingwang Yuda has not disclosed what are the suspected violations and untrustworthy behaviors, and only mentions that after learning that it was "suspended from the qualification of the procurement of materials and engineering services of the whole army", it immediately organized personnel to self-examine and formulate emergency measures, and actively prepared relevant appeal materials.
Xingwang Yuda announced that the above matters are still in the investigation stage, and the company is actively communicating with all parties in accordance with the prescribed process, and the relevant contracts that have been signed are still being implemented normally.
From the perspective of impact, Xingwang Yuda cannot participate in the procurement of military materials and engineering services during the period of "suspending the qualification of the whole army's material engineering service procurement activities", which will have a certain impact on its operation in the short term.
Previously punished by other troops
On December 5, 2022, Xingwang Yuda confirmed on the interactive platform that the company was punished by the Strategic Support Force and banned from participating in war procurement activities for one year.
Looking back on the course of the incident, Xingwang Yuda participated in the bidding for the project of a scientific research institution under the Strategic Support Force in 2021, and the winning bid price was 700,000 yuan. After winning the bid, the staff of Xingwang Yuda went to the site for many times, but the contract did not clarify the acceptance method and the restrictions on the indicators, resulting in certain differences in the perception of the acceptance indicators between the two parties.
Xingwang Yuda said that after the dispute was settled, the company took the initiative to take responsibility, gave up the order, and bore all economic losses. Although the matter has little impact on the company's performance, with a total amount of only 700,000 yuan, it has learned a profound lesson and will carefully summarize and learn lessons.
At that time, Xingwang Yuda said that the company would take every bid more seriously, fully understand each indicator of the bid, accurately control customer needs, and ensure that similar problems do not occur again.
Poor recent performance
Xingyu Netda is an early high-tech enterprise committed to the development and application of unmanned systems in China, and has been focusing on the layout of unmanned systems for many years, and vigorously carried out the research and development of unmanned systems while in-depth research on the core components of unmanned systems, and its products have been widely used in military training and testing.
However, in the first quarter of 2023 and 2024, Xingwang Yuda will achieve a net profit attributable to the parent company of 53.9755 million yuan and -12.441 million yuan respectively, a year-on-year decrease of 74.99% and 158.84% respectively.
Among them, the management expenses of Xingwang Yuda in 2023 will be 102 million yuan, a year-on-year increase of 35.10%, mainly due to the tight time of a task in the current period, insufficient pre-test of the product, engine failure, booster failure and other phenomena, resulting in the damage of many target aircraft. According to the relevant policies and contractual agreements, the acceptance expert group determined that the loss should be borne by the company.
At the recent online performance briefing, investors mentioned that some time ago, due to military reform and other reasons, the project bidding and acceptance progress of Starnet Yuda's main customers had been delayed. Based on what the company has learned, when will the project delays caused by the above factors return to normal? Xingwang Yuda responded that the company's product delivery progress in 2023 and the first quarter of 2024 has been delayed due to the adjustment of users' product use plans, but the overall market demand trend remains stable.
Editor: Captain
Review: Xu Wen