Recently, the bearish news about Greenland Holdings (SH:600606) has continued.
On February 2 this year, the Hunan Provincial Public Security Department held a press conference on the "Provincial Public Security Organs' Crackdown on the Crime of Refusing to Pay Labor Remuneration", reporting on the early results and the next step of work deployment.
Among them, Changsha Greenland Rongcheng Real Estate Co., Ltd., a subsidiary of Greenland Holdings, was notified by the Hunan Provincial Public Security Department for defaulting on wages of migrant workers of more than 5.13 million yuan. The notice shows that the company's legal representative is a yellow salary. At present, its legal representative is Wang Hai.
Yellow salary
According to the transfer of suspected criminal cases transferred by the Human Resources and Social Security Bureau of Changsha Yuhua District to the Yuhua Branch of the Changsha Municipal Public Security Bureau, the legal representative of Changsha Greenland Rongcheng Real Estate Co., Ltd., Huang Salary, owed 5130896 yuan in wages to migrant workers in two teams of Tang Mouqun and Liu Mouhong contracted the project.
The police believe that after the Labor Security Supervision Brigade issued the "Labor Security Supervision Deadline Correction Instruction" to Changsha Greenland Rongcheng Real Estate Co., Ltd., the wages were not paid within the time limit, and the yellow salary behavior has been suspected of refusing to pay labor remuneration. After mediation, the company paid more than 5.13 million yuan in arrears to migrant workers.
Bedo Finance found that after being asked to make corrections within a time limit, from January 27 to January 31, 2021, Huang Salary also stepped down as the legal representative and executive director and general manager of four companies, including Changsha Greenland Rongcheng Real Estate Co., Ltd. and Greenland Real Estate Group Changde Real Estate Co., Ltd.
Huang Salary is the general manager of the Hunan Division of Greenland Group, and a number of companies in Hunan under Greenland Holdings serve as the legal representative and executive director and general manager, including Greenland Real Estate Group Changsha Real Estate Co., Ltd., Hunan Greenland Financial City Real Estate Co., Ltd., etc., and once served as the executive deputy general manager of the Hunan Real Estate Division of Greenland Group.
Bedo Finance found that on November 6, 2020, Jin Ningyun, executive president of Greenland Infrastructure Group and chairman of Guangxi Construction Engineering Group, met with Huang Salary in the conference room of The Hunan Division of Greenland Group. Among them, Guangxi Construction Engineering Group is a company that has newly joined the Greenland Group system.
Huang Salary said that facing the future, as a member enterprise and unit of Greenland Group, he hopes to give full play to his geographical advantages with Guangxi Construction Engineering Group, strengthen communication, strengthen cooperation, complement each other's advantages, and jointly create new achievements and new brilliance for development.
It is also understood that Shanghai Orange Fruit Information Technology Development Co., Ltd., a subsidiary of Greentown Holdings in Shanghai, was also recently announced to be punished, and the reason for the penalty was that the company violated the regulations on bill management, and the time of punishment was November 1, 2017.
According to the enterprise investigation, the major shareholder of Shanghai Tangerine Fruit Information Technology Development Co., Ltd. (hereinafter referred to as "Orange Fruit Information") is Shanghai Greenland Commercial (Group) Co., Ltd., holding 51.01% of the shares. Penetrating the equity found that the controlling shareholder of the company was Greenland Holdings Group Co., Ltd. ("Greenland Holdings"), which held about 51% of the shares.
It is worth mentioning that Gao Ximing, chairman of the board of directors, general manager and director Zhong Shaohua, and director Yan Jia, the main person in charge of Orange Fruit Information, have all been listed by the court as dishonest executors. Among them, Zhong Shaohua and Yan Jia indirectly held 37.2763% and 11.7154% respectively.
In addition, on January 8 this year, the Beijing Municipal Housing and Construction Commission issued a circular investigating and punishing a number of real estate market violations, including Taihe Group, Vanke, Greenland Group (Greenland Holdings), Shoukai Shares, China Resources Land, Agile group, Xuhui Group, etc.
According to the notice, Beijing Greenland Jinghan Real Estate Development Co., Ltd., a subsidiary of Greenland Holdings, was notified. According to the circular, the company's illegal acts investigated and punished are incomplete sales information display. Previously, the company was also fined 3.32 million yuan by the Beijing Municipal Housing and Construction Commission.
Bedo Finance also learned that Greenland Group was also rumored to be acquired by a top ten real estate company in recent days. However, Zhang Yuliang, chairman and president of Greenland Holding Group, said that there is no possibility. Zhang Yuliang said, "The secondary mixed reform of Greenland Holdings is still in progress, and the current intention enterprises are basically financial institutions with the background of two central enterprises. ”
Zhang Yuliang
Overall, greenland holdings' sales performance in 2020 is not ideal. According to the data, Greenland Holdings achieved contract sales of 358.353 billion yuan in 2020, a decrease of 7.7% over the same period in 2019; the contracted sales area was 29.093 million square meters, a decrease of 10.7% over the same period in 2019.
In terms of performance, according to the 2020 performance express report of Greenland Holdings, its total operating income in 2020 was 481.3 billion yuan, an increase of 12.43% year-on-year; the total profit was 30.8 billion yuan, basically flat year-on-year; and the net profit attributable to the shareholders of the listed company was 13.7 billion yuan, down 6.93% year-on-year.