After the company founded by the chairman cleverly "backdoored" Zhiyun shares, it lost 1.5 billion yuan in 5 years.
Author |Yu Qi.
Editor丨Wu Lijuan.
* |Bronco Finance.
Just re-elected for 15 days, Zhiyun shares (300097SZ) chairman of the board of directors had an accident.
On the evening of December 13, Zhiyun Co., Ltd. announced that the company received a notice from the family of Shi Liquan, chairman and general manager of the company, on December 12Shi Liquan was criminally detained by the Zhongshan Municipal Public Security Bureau on suspicion of covering up and concealing criminal proceeds and the proceeds of criminal proceeds.
The relevant case is still pending further investigation by the public security organsShi Liquan is temporarily unable to perform the duties of the company's chairman, general manager and secretary of the board of directors (acting).
It is understood that the relevant case is an investigation by the public security organs on Shi Liquan's personal matters, and Zhiyun shares also replied to investors that the case itself has nothing to do with the company, and the chairman of the board of directors has not had a significant impact on the company's normal production and operation, and the company's production and operation have been carried out in an orderly manner.
However, investors did not sell it, and the day after the announcement, Zhiyun shares fell by 1541%, as of December 15**, the company's share price was 888 yuan shares, with a total market value of 256.2 billion yuan. The stock price shrank by 18 in 2 days08%
Shi Liquan, the chairman of the board of directors who was detained this time, only joined the company in 2015In 2018, he was elected chairman for the first time, and on November 27 this year, he was re-elected
As one of the main solution providers of complete sets of automation equipment in China, Zhiyun Co., Ltd.'s main business now includes flat panel display module equipment, automotive intelligent manufacturing equipment, etc. On the homepage of the company's official website, the model of the car is also impressive.
*: Zhiyun official website.
At the moment when Xiaomi cars are in the limelight, Xiaomi Technology was also the third largest shareholder of the company, with a shareholding ratio of 537%。And Zhiyun Technology has repeatedly mentioned in response to investors' questions that "it will actively expand opportunities to enter Xiaomi's related industrial chains".
Therefore, the founder Tan Yongliang plans to transfer the company 503% of the shares, also before Shi Liquan, investors once speculated that Xiaomi Group (1810HK) will become the person in charge of the company.
*: Share it. But in fact,Since 2022, Xiaomi Technology has begun to successively ** the company's shares。In last year's annual report, the shareholding ratio of Xiaomi Technology has dropped to 337%。Until August this year, the founder Tan Yongliang agreed to transfer part of the company's shares to complete the transfer, Xiaomi did not take over as investors wished, even this yearIn the third quarter, Xiaomi Technology's shareholding ratio was further reduced to 095%
On the contrary, while Tan Yongliang successively sold his shares, Shi Liquan gradually increased his holdings, and after Tan Yongliang's latest **It became the largest shareholder of the company, holding 856%, and at the same timeHe also holds the positions of chairman, general manager and secretary of the board of directors. It has become the real speaker of Zhiyun shares
Now that he has just been re-elected as the chairman of the board of directors, Zhiyun said in the announcement that the company's board of directors will make proper arrangements for the relevant work involved in the company's chairman, general manager and secretary of the board of directors (acting officer) as soon as possible to ensure the normal operation of the company's production and operation activities.
Lawyer Yang Zhaoquan, a partner at Weinuo Law Firm, pointed out that Article 147 of the Company Law stipulates that if a person is sentenced for the crimes of bribery, embezzlement of property, misappropriation of property and undermining the order of the socialist market economy, the sentence shall not exceed 5 years after the completion of the sentence, or be deprived of political rights for committing a crimeIf the execution period has not exceeded 5 years, they cannot hold the position of director and senior management of the company
However, the relevant case is still pending further investigation by the public security organs, and the specific reason for Shi Liquan's detention and what kind of judgment will be ushered in still needs to be disclosed by the company.
Although many investors have expectations for Xiaomi, Shi Liquan can finally take over the position of "head" of Zhiyun shares, perhaps from the time he first entered the company, he has already written the "script".
In 2015, Zhiyun sharesThe suspension and restructuring is planned to be a combination of issuing shares and paying cashAcquired a total of 100% equity of Shenzhen Xin Sanli, the total consideration of the transaction is 8300 million yuan.
Shenzhen Xin Sanli is an enterprise specializing in the research and development, design, production, sales and service of flat panel display modules (mainly LCD module LCM) automatic assembly and testing equipment, and its products are used in the assembly and production process of flat panel display modules.
WhileShi Liquan is one of the founders and major shareholders of Shenzhen Xin Sanli
It is worth noting that Shenzhen Xin Sanli's net profit in 2014 was 3641550,000 yuan, and Zhiyun Technology 2249010,000 yuan, only 6% of Shenzhen Xin Sanli.
At the end of 2013, the China Securities Regulatory Commission (CSRC) issued an opinion on promoting the reform of the new share issuance system, which clearly stipulated that the conditions for backdoor listing were the same as those for IPOsBackdoor listing on GEM is not allowed
After the acquisition was completed, Shi Liquan only received 27% of the shares, and did not obtain control of Zhiyun shares. ThereforeIt was not identified as "backdoor".
However, after the acquisition of Shenzhen Xin Sanli, the main business of Zhiyun Co., Ltd. consists of automatic testing equipment and automatic assembly equipmentFlat panel display module equipment has been added, and it accounted for 51% of total revenue in the 2016 financial report76%
Zhiyun sharesThe founder, Tan Yongliang, is one after another ** company shares, the shareholding ratios from 2014 to 2017 were respectively. 65%。
Shi Liquan's shareholding increased to 11 in 201742%, becoming the second largest shareholder of Zhiyun shares.
In 2018, Tan Yongliang directly resigned from the company's board of directors, chairman and general manager of the company for "physical and energetic reasons".
In the third year of entering the company, Shi Liquan took over the responsibility of chairman of Zhiyun Co., Ltd
Since then, Tan Yongliang has continued, and in September this year, the proportion of shares held in the company increased from 791% to 618%。Although the company is temporarily in a state of no actual controller, butShi LiquanThe current shareholding ratio is 856%, has surpassed the founderBecame the largest shareholder of Zhiyun shares
On the one hand, he is also the chairman, general manager, and secretary of the board of directors, and on the other hand, he is the company's largest shareholder. andThe company's flat panel display module equipment business was incorporated into a listed company.
However,After Shi Liquan took over as chairman in August 2018, the company's revenue in 2019 fell by 6894%, net profit also fell by 698%。
Since then, the net profit of Zhiyun shares has not been optimistic, with a net loss of 6 in 20199.8 billion yuan, although it made a profit of 38 million yuan in 2020, it soon fell into a loss again. In 2021 and 2022, there will be a net loss of 65.7 billion and 29.6 billion yuan.
*：wind
Behind the loss, Shenzhen Xinsanli, which was acquired by Zhiyun shares, may have dragged its feet.
From 2015 to 2017, Shenzhen Xin Sanli achieved a profit of 6378880,000 yuan, 8240040,000 yuan, 20.2 billion yuan, but in 2018, Shenzhen Xinsanli's net profit began to decline, which was 16.1 billion yuan. In 2019, Shenzhen Xinsanli's performance fell sharply, with a net loss of 18.8 billion yuanAlthough the profit in 2020 is 478470,000 yuan, butIn 2021 and 2022, it lost another 9998480,000 yuan, 9478680,000 yuan.
On May 8 this year, Zhiyun shares were also issued by the Shenzhen Stock Exchange to question the inflated performance of the annual report. However, Zhiyun Technology quickly replied in detail to the inquiry of the Shenzhen Stock Exchange, and said that there was no situation of transferring benefits to other parties or inflating performance through inflated inventory.
At the same time, Zhiyun Technology's share price also fell sharply after Shi Liquan took over as chairman in early 2018.
As of December 15**, Zhiyun shares reported 888 yuan shares,This is down nearly 70% from the beginning of 2018.
*：wind
As the company's current largest shareholder, Shi Liquan's worth has shrunk along with the company's market value, so he is also nicknamed the "taker" of Zhiyun shares by investors.
In addition to the chairman getting into trouble, the people around the chairman are also not a small problem. On March 27 this year, Zhiyun sharesWang Jibao, assistant to the chairmanBecause of the participation in Zhiyun sharesInsider tradingProfit 714490,000, and was sentenced to confiscation of illegal gains and a fine of 3 times.
In the semi-annual report of Zhiyun shares in 2023,The company's core business has become Shenzhen Xinsanli's previous main 3C flat panel display module equipment business.
After Shi Liquan was detained, he issued a "Power of Attorney" on December 13, as the general manager of Shenzhen Xinsanli, a wholly-owned subsidiary of Zhiyun Co., Ltd., he entrusted Li Xiaogen, the other two founders and employees of Shenzhen Xinsanli, to exercise all the powers and responsibilities of the general manager of Shenzhen Xinsanli, and Hu Zhengguang assisted him in his work, which is subject to Shenzhen Xinsanli's "Articles of Association" and other Shenzhen Xinsanli regulations.
Shi Liquan's case is still unclear, if he really carries a criminal verdict, his position as chairman of the listed company may not be guaranteed, and what will happen to Zhiyun shares after business transformation?Let's talk in the comment section.