Too rare, one night there are five A-share listed companies were “starred”.
In the evening of April 26, Xiangli shares, Dexin traffic, Yunnan City Investment, Mio Exhibition, ST South respectively issued an announcement that the company’s shares were suspended for one day on April 27, and resumed trading on April 28 and the implementation of the delisting risk warning. The stock abbreviations after the implementation of the delisting risk warning are “ST Xiangli”, “ST Dexin”, “ST Yuncheng”, “ST MiO”, “*ST Nanhua”.
Fund Jun found, Xiangli shares, Dexin traffic, Mio Exhibition and ST Nanhua were “starred” for the reason that “the company’s 2020 deducted net profit is negative and operating income is less than 100 million yuan”. And Yunnan City Investment was “starred” because “the audited net assets at the end of the latest fiscal year were negative”.
The news came suddenly, investors have also expressed consternation. Some netizens in the stock bar said, “Once you buy it, it becomes ST, so miserable! Fund Jun noticed that in April 26th plate “ST three five” and “ST security control” after the resumption of trading were tragically 20% down.
As of the first quarterly report, Xiangli still has more than 22,400 shareholders, Dexin Transportation still has more than 17,900 shareholders, and Yunnan City Investment still has more than 54,200 shareholders. As of the end of January, ST Nanhua still had more than 7,200 shareholders.
Mio Exhibition’s latest number of shareholders fell below 8,000. The five starred A shares have a total number of shareholders of nearly 100,000.
Fragrant pear shares were “starred”
Was questioned by the sale of housing to rush performance
In the evening of April 26th, Xiangli released an announcement showing that the company’s stock will be suspended for one day on April 27th, 2021, and will resume trading on April 28th, 2021 and implement the delisting risk warning. After the implementation of the delisting risk warning, the stock abbreviation is “*ST Xiangli”, the stock code is “600506”, and the daily limit of increase or decrease of stock price is 5%.
During the reporting period, the company is mainly engaged in the cultivation, processing and sales of Kulle balsam pear and other fruit business; at the same time, in order to expand the main business category, the company started to carry out cotton business in the second half of 2020, taking advantage of the agricultural resources in Xinjiang.
Regarding the reason why Xiangli was “starred”, it is mentioned in the announcement that the audited net profit attributable to shareholders of the listed company in 2020 is negative and the operating income is less than RMB 100 million (“net profit” is the lower of before or after deducting non-recurring profit or loss) If the net profit is less than RMB100 million, the company’s shares will be subject to the delisting risk warning according to item (a) of 13.3.2 of the Rules Governing the Listing of Stocks on the Shanghai Stock Exchange (revised in December 2020).
Although in terms of the net profit attributable to the mother, Xiang Li turned the loss to profit in 2020, the operating income after deducting the business income unrelated to the main business and the income without commercial substance was 24.54 million yuan, which was less than RMB 100 million; the net profit attributable to shareholders of the listed company after deducting non-recurring profit and loss -7.446 million yuan, which was negative.
From the point of view of net profit excluding non-recurring profit and loss alone, since 2011, Xiangli shares have been in loss. Previously, the fragrant pear shares had also been questioned whether it relied on the sale of housing to generate sudden profits. 2017 and 2018 Xinjiang fragrant pear gained a lot of non-operating income through the sale of the company’s stake in the real estate company, as well as the transfer of land use rights, land use rights were expropriated to obtain compensation, etc. On December 2, 2019, the fragrant pear shares issued a number of announcements, involving a sale and a purchase of two real estate transactions. Due to the main business for fruit sales of Xinjiang balsam pear, December 4, balsam pear shares selling house behavior was asked by the SSE.
As a result of poor performance dragged down the share price, down nearly 30% since this year, as of April 27, fragrant pear shares have fallen more than 80% from the historical high in 2016.
De Xin Jiaotong was “starred”
Had cross-border mergers and acquisitions “self-help” by the SSE questioning
It is no coincidence that the company’s shares were suspended for one day on April 27 for the same reason, and resumed trading on April 28 with the implementation of the delisting risk warning. After the implementation of the delisting risk warning, the abbreviation of the stock will be “*ST Dexin” respectively.
According to Article 13.3.2 of the Rules Governing the Listing of Stocks on the Shanghai Stock Exchange (amended in December 2020), if the Company’s audited net profit attributable to shareholders of the listed company for the year 2020 is negative and its operating income is less than RMB 100 million (“net profit” shall be the lower of the amount before or after deducting non-recurring profit or loss. The “operating income” shall be deducted from the income from business unrelated to the main business and income without commercial substance), the company’s shares will be subject to delisting risk warning (with the word *ST in front of the company’s stock abbreviation) after the disclosure of the 2020 annual report.
The 2020 annual report shows that the operating income of Dexin Transportation after deducting business income unrelated to its main business and income not having commercial substance was RMB 50.67 million, which was less than RMB 100 million; the net profit attributable to shareholders of the listed company after deducting non-recurring profit or loss was -32.25 million, which was negative.
During the reporting period, the Company’s main businesses included road passenger transportation and passenger bus station business, while other businesses included leasing of houses and warehouses, vehicle maintenance, sales of vehicle parts and road freight business.
The company has been listed for 4 years, Tak Sun Transport has been mediocre performance, but the company did not give up hope to reverse the performance through mergers and acquisitions. 2020, Tak Sun Transport once wanted to save itself through cross-border mergers and acquisitions. In March of that year, Dexin Transportation said that it was planning to issue shares and pay cash to purchase 90% of the equity of Zhihong Precision. The transaction price was no more than 630 million yuan, of which 60% would be paid in shares and 40% in cash. However, the company’s proposal was not approved. Since then, Dexin Transport adjusted the restructuring plan, but was questioned by the SSE. The attempted “self-help” has dragged the share price downward, falling nearly 20% so far this year, and as of April 27, Dexin Transport’s share price has fallen more than 70% from its historical high in 2019.
In the stock bar of Dexin Transportation, netizens hotly discuss the performance of the stock price after the cap.
Annual report ex post facto audit uncovered problems
“ST Süd-Chem” became “*ST Süd-Chem”
In the evening of April 26, ST Süd-Chem also released an announcement that the company’s audited net profit after non-recurring gains and losses for the year 2020 was negative and operating income after deducting business income unrelated to the main business was less than RMB 100 million. According to item 13.3.2(i) of the Rules Governing the Listing of Stocks on the Shanghai Stock Exchange, the company’s shares will be subject to a delisting risk warning from April 28. After the implementation of the risk warning, the abbreviation of the Company’s stock will be changed from “ST Süd-Chem” to “*ST Süd-Chem” and the daily limit of increase or decrease of stock price will be 5%. The company’s stock will be suspended from trading for one day on April 27, 2021.
On February 4 this year, ST Süd-Chem released its annual report, showing that in 2020, it achieved operating revenue of 728 million yuan, net profit attributable to the mother of 9.074 million yuan, and net profit after deducting non-recurring gains and losses of 5.417 million yuan. If this result is directly compared with the new combination of financial indicators “the lower of net profit before and after deductions and negative + operating income of less than RMB 100 million”, ST Süd-Chem seems to be able to pass the test on the surface. However, the financial delisting indicator is specially designed with corresponding deductions, and the business income deduction is clearly defined as “business income unrelated to the main business and income without commercial substance”.
In the evening of April 26, ST Süd-Chem confessed in the reply to the announcement and the explanation of revenue deductions that the company’s business was all trading, with a single customer and supplier, and had stopped doing business with that customer and supplier after October 2020, making it difficult for the trade to form a stable business model and generate revenue. The company has adjusted the revenue from trade to revenue for the year. The Company adjusted the trading revenue for the year as business income unrelated to the main business and adjusted the profit formed from the commodity trading business for the year as non-recurring gain or loss. After the adjustment, the company deducted business income unrelated to the main business amounted to 0, and the net profit after non-recurring gain or loss was -9.21 million, which triggered the financial delisting indicator of “net profit after non-recurring + business income” combination, and the company’s shares will be subject to delisting risk warning.
Since the end of 2016, the company’s share price has fallen nearly 60%.
After wearing a cap and a star, ST South China’s stockholders this mentality
The net assets at the end of the latest fiscal year is negative
Yunnan City Investment was “starred”
In the evening of April 26, Yunnan City Investment announced that the company’s shares will be suspended for one day on April 27, 2021, and will resume trading on April 28, 2021 and implement the delisting risk warning. After the implementation of the delisting risk warning, the stock abbreviation will be “*ST Yuncheng”, the stock code will be “600506”, and the daily limit of increase or decrease of stock price will be 5%.
As mentioned in the announcement, the company’s stocks will be subject to the delisting risk warning according to the relevant provisions of Article 13.3.2 of the “Shanghai Stock Exchange Stock Listing Rules (Revised in December 2020)” (hereinafter referred to as “Listing Rules”), as the audited financial accounting report of the company for 2020 and the audited closing net assets of the company for the latest fiscal year are negative.
In its 2020 annual report, the company mentioned that due to the impact of the epidemic, the company’s real estate income and rental income decreased, the scale of interest-bearing liabilities, financial expenses increased significantly, coupled with the provision for inventory impairment in the current period and other factors, resulting in the company’s performance loss for the year. 2020 the company achieved operating income of 4.393 billion yuan, down 29.69% year-on-year; achieved net profit attributable to shareholders – 2.586 billion yuan, up 6.91% year-on-year. The company received 5.343 billion yuan from operations, down 26.84% year-on-year. In addition, in the latest release of the first quarter of 2021 earnings report mentioned that Yunnan City Investment achieved operating revenue of RMB 889 million, down 42.10% year-on-year; net profit attributable to shareholders of the listed company loss of RMB 478 million, down 300.70% year-on-year.
The performance dragged the share price all the way down from a high of 5.38 yuan/share in 2020, which has accumulated a drop of over 60%.
Yunnan City Investment Phi star cap, stockholders a little confused, some netizens said April 26 just bought in, some said to start counting the board
Mio Exhibition listed for one and a half years on the stars and hats
In the evening of April 26, the GEM company Mio Exhibition released an announcement about the company’s stock trading being implemented delisting risk warning and suspension of trading. The company’s stock was suspended for one day on April 27, and was subject to “delisting risk warning” from April 28, with the stock abbreviation changed from “Mio Exhibition” to “ST Mio”, and the securities The stock abbreviation will be changed from “Mio Exhibition” to “ST Mio”, and the stock code will remain “300795”, and the daily limit of the company’s stock trading after the implementation of the delisting risk warning will remain unchanged at 20%.
According to the annual report, the company’s net profit before and after deducting non-recurring gains and losses for 2020 was negative and its annual operating income was less than 100 million yuan. According to the relevant provisions of the “Shenzhen Stock Exchange GEM Stock Listing Rules” (revised in December 2020), the Shenzhen Stock Exchange will implement a “delisting risk warning” for the company’s stock trading.
The company said that it will take active measures to strive to achieve the company’s goal of turning losses into profits in 2021 and strive to remove the delisting risk warning, specific measures are as follows.
1, pay attention to the development of the global epidemic situation, according to the actual situation to select the exhibition organizing countries to gradually resume offline exhibition held, so as to significantly increase the company’s operating results.
2, accelerate the promotion of new products, increase the market share and expand the scope of operating income.
3, improve the company’s organizational structure, improve the management level.
4、Actively look for acquisition and integration targets in the industry, make good use of the capital platform, give play to the synergy effect and scale advantage, and enhance the overall strength and operation scale of the enterprise through acquisition and merger.
Public information shows that Mio Exhibition was listed on the GEM on October 22, 2019, with an issue price of 14.27 yuan, and the share price once shot up to 38.38 yuan after listing, and then shocked back down, and the share price once dipped to 14.89 yuan in January this year. As of April 26, the share price closed at 17.44 yuan, down 55% from the highest listed price. The latest market value is only 1.7 billion.
Just listed for more than a year on the star cap, Mio exhibition shareholders blew up.
2 “hooded” shares were 20% down after the resumption of trading
April 26th opening, “ST three five” and “ST security control” double 20% down contracted drop list first one two, during the “ST security control” although had opened the board but ultimately still sealed Down board, as of the close of business, “ST three five” at 3.4 yuan / share, “ST security control” at 1.78 yuan / share.
On April 22, SFI released an announcement that the company’s net profit before and after deducting non-recurring gains and losses for the last three fiscal years were negative, and the company’s audit report for the latest year (2020) was an unqualified audit report with the paragraph of “material uncertainty related to going concern”, the company’s stock trading will be The company’s stock will be subject to other risk warnings, and the company’s stock abbreviation will be changed from “Sanwu Internet” to “ST Sanwu”.
It is worth mentioning that at the beginning of last year, the A-share market had set off a wave of hype far beyond the office concept stocks, which three five Internet with mobile office platform business jumped to become the market’s hot telecommuting concept leading stocks, had a breath of 8 consecutive days of stop, during the rise of more than double.
No coincidence, Anchor Technology also issued an announcement on the same day, the company’s shares since the opening of the market on April 26, 2021, the implementation of other risk warnings, the stock abbreviation changed from “Anchor Technology” to “ST Anchor”.
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