Text |Yang Wanli.
On December 22, CITS United opened low and went low, and fell in the afternoon. As of **, the company's share price is 525 yuan, with a total market capitalization of 265.1 billion yuan. Since December 19, CITS United has totaled **28 for 4 trading days86%, of which on December 15 and 18, the company had a daily limit for two consecutive trading days.
On the news side, on December 21, on suspicion of illegal disclosure of letters, CITS United was filed by the Securities Regulatory Commission. CITS United said that "at present, the company's management, business and financial status are normal".
We have noticed that since November, news about CITS United has continued to appear, including the auction of the shares held by the second largest shareholder and the progress of the company's asset restructuring.
On November 13 this year, CITS jointly announced that the company's second largest shareholder, Xiamen Contemporary Tourism Resources Development, referred to as "Contemporary Tourism"), held 2,525 unrestricted tradable shares of the company070,000 shares will be auctioned (5% of the total number of shares of the company).
CITS United said the auction would not have an impact on the company's control.
As early as mid-August this year, Modern Tourism has been declared bankrupt by the Xiamen Intermediate People's Court. According to public information, the actual controller of contemporary tourism is Wang Shutong, and his father is Wang Chunfang. At the highlight moment, the Wang family once controlled three listed companies: Contemporary Oriental (now known as "Contemporary Retire"), Xiamen Electronics (now known as "Xiamen Retirement") and CITS United.
Affected by factors such as the rupture of the current capital chain, some of the listed companies once controlled by the Wang family have been delisted, and some have transferred their control. At present, the actual controller of CITS United is the State-owned Assets Supervision and Administration Commission of Jiangxi Province.
On December 5, CITS jointly announced that it would terminate the acquisition of equity in the aviation industry and supporting fundraising, and the reason for the termination of the restructuring was that "the transaction lasted for a long time, and the relevant market environment has changed somewhat compared with the beginning of the planning of this transaction".
In January this year, due to the impact of the proposed injection of high-quality assets into major shareholders, the share price of CITS United was once **.
On December 13, He Xinyue, co-chairman of CITS Co-Chairman, Qiu Linying, General Manager, Shi Lei, Deputy General Manager and Chief Financial Officer, Peng Huibin, Deputy General Manager and Secretary of the Board of Directors, representatives of the counterparty, representatives of the restructuring target and the sponsor of the independent financial adviser attended the investor briefing on the termination of the material asset restructuring.
In response to investors' questions, CITS United mentioned the company's positioning as a "comprehensive service provider for cultural and tourism consumption", and also made it clear that "the company promises not to plan major asset restructuring matters for at least one month from the date of disclosure of this announcement".
What is CITS jointly engaged in?It is understood that the company's main business is Internet digital marketing business, tourist destination investment, development and operation business and personalized customized travel service business.
As of the first half of 2023, advertising and marketing, tourism and catering services, operation services and other businesses accounted for the company's revenue. 71%。
In terms of net profit, in the past 9 years (2014 to 2022), CITS United has experienced attributable net profit losses in 2014, 2016, 2018 and 2019.
Looking further, the performance of CITS United's main business is sluggish. From 2014 to 2022, CITS United's non-net profit was in a state of loss, that is, it has been in the red for 9 consecutive years.
In the first three quarters of 2023, CITS United achieved an attributable net profit of 17290,000 yuan, deducting a non-net profit loss of 10.24 million yuan. It remains to be seen whether the company's non-net profit can turn positive this year.
In terms of financing, in January 2016, CITS United actually raised 3700 million. In the same period, since 2016, the dividend amount of CITS United has been 0 yuan.
CITS United was filed, and the stock price fell to the limit, what do you think about this?