The day before, Shenzhen Stock Exchange just released an inquiry letter about the third quarterly report of *ST jinzhou area in 2022.
Received an inquiry letter from the third quarterly report
According to the third quarterly report of 2022 previously disclosed by *ST Jinzhou District, the company realized operating income of 62 1.5 million yuan and net profit of--550 1.5 million yuan. By the end of the third quarter, the book value of other receivables in *ST Jinzhou District was 789 million yuan, accounting for 73.29% of the total assets. The reason is that *ST Jinzhou District's current payment for Jinye Jewelry was converted into other receivables after Jinzhou Atomic Company Jinye Jewelry was listed by judicial auction.
In the inquiry letter, Shenzhen Stock Exchange asked *ST Jinzhou District to explain the basic information of the top five customers and suppliers (including but not limited to their names, establishment time, registered capital, main business and main business data, relationships, etc.). ), the transaction amount, the payment as of the reply date, and the corresponding income and cost confirmation. In addition, *ST Jinzhou District also needs to report the purchase and sale contracts and receipts signed by the company with the top five customers and suppliers.
At the same time, Shenzhen Stock Exchange requires *ST Jinzhou District to explain whether the estimated time of the above sum and the provision for bad debts are sufficient and prudent in combination with the operation, financial data, repayment ability and recovery measures taken by your company.
*ST Jinzhou Third Quarterly Report shows that as of the end of the third quarter, the book value of the company's inventory was 2160,000 yuan, accounting for 20% of the total assets. In addition, the company still has a guarantee balance of165438+86 million yuan for the gold leaf jewelry of Atomic Company.
In view of this, Shenzhen Stock Exchange requires *ST Jinzhou District to list the storage location, category name and book amount of each inventory item by item, as well as the calculation basis and specific process of inventory depreciation reserve, and whether the depreciation reserve has been fully accrued. It also explains whether the company needs to accrue the estimated liabilities and specific amount for the guarantee of Jinye Jewelry, and calculates the specific impact of the guarantee on the company's financial situation.
Delayed reply to letters of concern
It is worth mentioning that in the inquiry letter issued by Shenzhen Stock Exchange, *ST Jinzhou District is also required to reply to the inquiry in the previous letter of concern of Shenzhen Stock Exchange as soon as possible and fulfill its fiduciary obligations, and please fully remind the company of the risk of delisting.
Looking back, *ST Jinzhou District received the Notice of Administrative Punishment and Market Prohibition issued by China Securities Regulatory Commission on June 5438+065438+ 10/. According to the notification from the China Securities Regulatory Commission, the suspected illegal facts in Jinzhou District of *ST mainly include major omissions in company information disclosure and major asset restructuring of Fenghui Leasing 20 15. There are false records in the annual reports of 20 17 and 20 18, and there are major omissions in the annual reports of 20 16 to 20 18.
165438+1October15th, Shenzhen Stock Exchange issued a letter of concern to *ST Jinzhou District. In the letter of concern, the Shenzhen Stock Exchange asked *ST jinzhou area to calculate the impact of the inflated profits from 20 17 to 202 1 year on the company's financial report; Verify the transaction details of Jinye Jewelry and 65,438+00 companies such as Beijing Xinglongma Jewelry Co., Ltd. actually controlled by Zhu Guoxing one by one, as well as the provision for impairment of inflated inventory in future years, and calculate the impact of the aforementioned inflated inventory on the financial reports of the company from 2065,438+08 to 2026,5438+0; Verify the occupation balance of Zhu and his related parties as of the date of reply, and whether the company has other risk warnings stipulated by Shenzhen Stock Exchange. Please ask the lawyer to check and express a clear opinion. At the same time, the company is requested to measure the impact of the above capital occupation on the financial reports of the company from 20 16 to 202 1.
In the letter of concern, Shenzhen Stock Exchange requires *ST Jinzhou District to make a written explanation on the above issues, and submit the relevant explanation materials to Shenzhen Stock Exchange and disclose them to the public before June 28, 2022, and send a copy to the dispatched office.
*ST Jin165438+1announced on the evening of October 28th. As some issues involved in the letter of concern need to be further verified, supplemented and improved, after applying to Shenzhen Stock Exchange, the company will postpone to June 65438+February 65438+February 2022 to complete the reply to the relevant letter.
Enter legal procedures before reorganization.
*ST Jinzhou District is currently in a poor operating condition: the company's debt burden is too heavy, the financial expenses are high, and the daily operating pressure is huge.
The company disclosed the annual report of 20021on April 30, 2022. After the audit, the company's "net profit and operating income are insufficient 1 100 million yuan, net assets at the end of the period are negative, and an audit report that cannot express opinions is issued" touches the provisions of the Shenzhen Stock Exchange, and the company's shares are warned of delisting risks.
In this context, the second extraordinary shareholders' meeting held in August 2022 in *ST Jinzhou District passed the pre-restructuring plan, and Xiamen Intermediate People's Court has registered the company's pre-restructuring application.
For *ST Jinzhou, it is very important for the company to reorganize before entering the legal process. Because this will be conducive to the early start of the company's creditor's rights and debts, business liquidation and other related work, and communicate and negotiate with the creditors and investors to be reorganized in advance, fully grasp the feedback and recognition of the restructuring matters from all parties, and formulate the restructuring plan as soon as possible in combination with the actual situation of the company to improve the success rate of subsequent restructuring and the efficiency of related restructuring work.
In addition, *ST Jinzhou District announced on the evening of August1/kloc-0 that the company had received the document "(2020) Guangdong 03 Broken Word No.503 quinquies" from the Shenzhen Intermediate People's Court. Because the controlling shareholder Qianhai Jiuwu Company was unable to pay off its debts due, and its assets were insufficient to pay off all its debts or obviously lacked solvency, the draft restructuring plan was not passed by the creditors' meeting and was not awarded to Shenzhen.
*ST Jinzhou announced on the evening of September 6 that Shenqianhai 95 Company, the controlling shareholder of the company, was ruled bankrupt. The manager of Qianhai 95 Company is scheduled to auction the 787 million shares held by Qianhai 95 Company in Ali from1October 81October 9 10, accounting for 100% of its shares and 37.04% of its total share capital. If the auction transfer is successful, the matter may lead to the change of the controlling shareholder of the company and the change of the company's control right.
However, by 20221October 9 10, 24,200 shares that were not pledged were sold at the starting price of 36,800 yuan, and the rest pledged shares were auctioned. The manager was originally scheduled to auction the equity of *ST Jinzhou District held by Qianhai Jiuwu Company in Ali from 20221October 29 10 to 20221October 30 10, and the starting price was determined by the starting price of the first auction of *80%.
Up to now, *ST Jinzhou District has not disclosed further information.