The latest claim news of Yuancheng shares:
On May 11, 2024, Yuancheng Environment Co., Ltd. issued the "Announcement on Abnormal Fluctuations in Stock Trading", which showed:
1. On May 8, 2024, May 9, 2024 and May 10, 2024, the daily closing price decline deviation of Yuancheng Environment Co., Ltd. (hereinafter referred to as the "Company" and "Yuancheng Shares") exceeded 12% in three consecutive trading days, and the turnover rate accumulated 0.2172% in three consecutive trading days, which belongs to the abnormal fluctuation of stock trading stipulated in the "Shanghai Stock Exchange Trading Rules".
2. The company's audited net profit attributable to the owners of the parent company in 2023 is -161,745,968.53 yuan; In 2023, the net profit attributable to the owners of the parent company after deducting non-recurring gains and losses will be -168,751,069.03 yuan.
3. Mr. Zhu Changren, the controlling shareholder, directly holds 61,875,520 shares of the listed company, accounting for 19.00% of the company's total share capital, and the controlling shareholder and its persons acting in concert (Hangzhou Beijia Investment Co., Ltd.) hold a total of 86,538,020 shares of the listed company, accounting for 26.57% of the company's total share capital, and the controlling shareholder holds 60,900,000 shares of the listed company. It accounts for 70.37% of the total number of shares of the company held by the controlling shareholders and their persons acting in concert. At present, due to the continuous decline in the stock price, there may be a risk of liquidation of the pledged shares of the controlling shareholder. The company will continue to pay attention to the pledge of the controlling shareholder and its persons acting in concert, and timely disclose relevant information in accordance with the regulations, please pay attention to the relevant announcements and pay attention to investment risks.
4. Relevant risk warning
(1) Secondary market transaction risk
On May 8, 2024, May 9, 2024, and May 10, 2024, the company's shares deviated from the daily closing price by more than 12% in three consecutive trading days, and the turnover rate accumulated by 0.2172% in three consecutive trading days. According to the relevant valuation data of China Securities Index Co., Ltd., as of the close of trading on May 10, 2024, the latest static P/E ratio of the company's CSRC industry E construction industry is 6.90 times, the company's latest P/E ratio is a loss, the industry P/B ratio is 0.65 times, and the company's latest P/B ratio is 1.05 times. The company invites investors to pay attention to the risks of secondary market transactions, make rational decisions and invest prudently.
(2) Production and operation risks
The company's audited net profit attributable to owners of the parent company in 2023 was -161,745,968.53 yuan; In 2023, the net profit attributable to the owners of the parent company after deducting non-recurring gains and losses will be -168,751,069.03 yuan.
(3) Stock pledge risk
Mr. Zhu Changren, the controlling shareholder, directly holds 61,875,520 shares of the listed company, accounting for 19.00% of the company's total share capital, the controlling shareholder and its persons acting in concert (Hangzhou Beijia Investment Co., Ltd.) hold a total of 86,538,020 shares of the listed company, accounting for 26.57% of the company's total share capital, and the controlling shareholder holds 60,900,000 shares of the listed company. It accounts for 70.37% of the total number of shares of the company held by the controlling shareholders and their persons acting in concert. At present, due to the continuous decline in the stock price, there may be a risk of liquidation of the pledged shares of the controlling shareholder. The company will continue to pay attention to the pledge of the controlling shareholder and its persons acting in concert, and timely disclose relevant information in accordance with the regulations, please pay attention to the relevant announcements and pay attention to investment risks.
Prior to this, on February 6, 2024, Yuancheng Environment Co., Ltd. received the decision on administrative supervision measures issued by the Zhejiang Supervision Bureau of the China Securities Regulatory Commission "Decision on Issuing Warning Letters to Yuancheng Environment Co., Ltd. and Related Personnel" ([2024] No. 18).
During the on-site inspection, the China Securities Regulatory Bureau found that Yuancheng Environment Co., Ltd. had the following problems: First, the company's operating income, profit and other related information in the 2020, 2021, 2022 and 2023 semi-annual reports were inaccurate. Second, the company failed to disclose the non-operating capital transactions with the actual controller Zhu Changren in the 2020, 2021, 2022 annual reports and 2023 semi-annual reports as required. Third, the company failed to fully disclose related parties in its annual reports from 2017 to 2022. Fourth, the company did not fully disclose the equity transaction with Saishi Group Co., Ltd. Fifth, there are major deficiencies in the company's internal control related to fund payment and supplier management.
According to the Securities Law and the Several Provisions of the Supreme People's Court on the Trial of Civil Compensation Cases Arising from False Statements in the Securities Market, listed companies shall be liable for civil compensation if their rights and interests are damaged due to illegal information disclosure and misrepresentation, and the injured investors have the right to claim compensation for losses.
The reference conditions for the claim of Yuancheng shares are as follows:
Those who bought 603388 Yuancheng shares between April 15, 2021 and January 30, 2024, and sold or continued to hold them after January 31, 2024 (inclusive).
The above claim registration conditions only represent the views of Xie Baoping's lawyer team, and are not used as any securities investment decisions and trading suggestions, and are subject to the final determination of the court.
Basis for violation of Yuancheng shares:
On February 6, 2024, Yuancheng Co., Ltd. announced that it had received the decision on administrative supervision measures issued by the Zhejiang Securities Regulatory Bureau, "Decision on Issuing Warning Letters to Yuancheng Environment Co., Ltd. and Related Personnel" ([2024] No. 18).