Visual China).
A few days ago, East Asia Qianhai ** Co., Ltd. (hereinafter referred to as "East Asia Qianhai**", the second largest shareholder of Shenzhen Yinzhijie Technology Co., Ltd., hereinafter referred to as "Yinzhijie", 300085SZ) disclosed that it intends to transfer its holdings in East Asia Qianhai **26 through public listing, transfer by agreement, etc1% equity.
In terms of performance, East Asia Qianhai** has been in a state of loss in the past two years, and Yinzhijie's performance is also under pressure. The investment in East Asia Qianhai** has increased the overall performance burden of Yinzhijie, and it may be reasonable to transfer equity to return funds. According to the rough calculation of the data disclosed in the annual report, the total impact on Yinzhijie's investment income in the six years since it became a shareholder of East Asia Qianhai is -7730450,000 yuan.
The Blue Whale financial reporter interviewed Yinzhijie on the reasons for the equity and whether there is any intention to contact the party, and the relevant person in charge responded, "Our company's proposed equity in East Asia Qianhai is in the planning stage, and there is no more information that can be disclosed except for the content of the announcement." ”
Yinzhijie's performance is under pressure and wants to "clear the position" and exit
In August 2017, Yinzhijie co-founded East Asia Qianhai** with other investors, and the major shareholder is the Bank of East Asia, holding 49% of the sharesSilver Jack holds 261% of the shares, ranking the second largest shareholder;Chenguang Holdings (Group)** and Qianhai Financial Holdings*** hold 20% and 4% of the shares, respectively9%。
At that time, Yin Zhijie said that the investment in East Asia Qianhai** is of great significance to promote the company's business development with financial technology as the core, and the company will make full use of the existing technology and business resources to help East Asia Qianhai** develop into a new type of technology-driven brokerage.
However, six years later, Yinzhijie had the idea of "retreating". On December 26, Yinzhijie disclosed that it plans to ** its holdings of East Asia Qianhai **261% equity. According to the "Indicative Announcement on the Planning of Assets", the equity is aimed at better focusing on the main business of financial technology, deepening the action plan of financial services with data elements, optimizing the asset structure, and enhancing the company's core competitiveness.
The specific transaction** is based on the public listing transaction of the property rights trading institution or the appraisal report issued by the qualified asset appraisal agency hired by the company, and is determined after the company's board of directors and shareholders' general meeting deliberate and approved.
Yinzhijie said that due to the uncertainty of the transaction time and transaction amount of this transaction, it is expected that this asset may constitute a major asset restructuring stipulated in the "Measures for the Administration of Major Asset Restructuring of Listed Companies". The transaction is still in the planning stage, and it is not yet possible to predict the profit or loss from the transaction and the impact on the company's current and future financial condition and operating results.
The Blue Whale financial reporter interviewed Yinzhijie on the reasons for the first time, whether there is an interested party to contact and other issues, and the relevant person in charge responded, "Our company's proposed **East Asia Qianhai** equity matters are currently in the planning stage, for the reasons for the ** assets, the intended party of the transaction and other issues, our company has explained in the "Suggestive Announcement on the Planning of Assets", and there is no more information that can be disclosed. ”
According to public information, Yinzhijie is located in Shenzhen, Guangdong Province, founded in 1998 and listed on the Growth Enterprise Market in March 2010.
In recent years, Yinzhijie's performance has been under great pressure, and it has suffered operating losses for two consecutive years. The performance report shows that from 2018 to 2022, Yinzhijie's operating income will be 129.9 billion yuan, 118.1 billion yuan, 13900 million yuan, 118.8 billion yuan, 111.6 billion yuan;The net profit was 03.6 billion yuan, 00.5 billion yuan, 02.1 billion yuan, -28.3 billion yuan, -12.2 billion yuan.
Judging from the disclosed three quarterly reports, the situation this year is still not optimistic, and the operating income of Yinzhijie in the first three quarters was 76.2 billion yuan, down 209%, net profit loss 05.4 billion yuan.
The investment in Qianhai in East Asia seems to have increased the overall performance burden of Yinzhijie. From 2018 to 2022, the impact of East Asia Qianhai** on the investment income of Yinzhijie was -14.64 million yuan and 61., respectively410,000 yuan, 1126660,000 yuan, -1501890,000 yuan, -4273610,000 yuan. In the first half of 2023, the net profit of East Asia Qianhai** was -6432990,000 yuan, the impact on the investment income of Yinzhijie is -1679010,000 yuan.
In addition, Yinzhijie also mentioned in the third quarter report of this year that the undistributed profit at the end of the reporting period decreased by 5317 compared with the beginning of the year640,000 yuan, mainly due to the company's operating loss and investment loss arising from investment in East Asia Qianhai ** during the reporting period. ”
Roughly calculated, in six years, the total impact of East Asia Qianhai** on Yinzhijie's investment income is -7730450,000 yuan.
East Asia Qianhai** has been operating unsteadily for many years
Founded in June 2017, East Asia Qianhai** is a new small brokerage firm, and the participation of Hong Kong capital is also regarded as a model for the opening up of the capital market and the in-depth financial cooperation between the two places.
From the perspective of business development, from 2017 to 2022, the operating income of East Asia Qianhai** was 02.3 billion yuan, 09.1 billion yuan, 25.4 billion yuan, 61.2 billion yuan, 37.9 billion yuan, 29.1 billion yuan.
In terms of profit, in the first two years of opening, Qianhai, East Asia** was in a state of loss, and in 2019, the company turned losses into profits, with a small profit of 00.2 billion yuan;In 2020, the net profit was 04.3 billion yuan, which is also the best result in history;The following year, East Asia Qianhai** fell into a loss again, with a net profit of -05.8 billion yuan;Net profit in 2022 -16.4 billion yuan, continuous losses.
In the first half of this year, East Asia Qianhai** was still in a state of loss, with a total operating income of 15.3 billion yuan, net profit -06.4 billion yuan.
It is worth noting that in June this year, due to the imperfect internal control mechanism and inadequate implementation of the company's research report business, insufficient quality control and compliance review of the research report, and imprudent production of the research report, the Shenzhen Securities Regulatory Bureau took administrative supervision measures for the supervision of Qianhai in East Asia, issued a warning letter to He Yanqing, the head of the research institute, and required Wang Fang, an executive in charge of the research business, to accept the regulatory talk.
In July, the senior management of East Asia Qianhai ** changed, and the general manager of the company changed from Tian Hong to Tang Qingwen, and the new general manager Tang Qingwen concurrently served as the person in charge of compliance. It is reported that Tian Hong, the former general manager, has been the company's legal representative since the birth of the company, and served as the company's director and general manager, and is one of the "soul figures", participating in the company's establishment, shareholder introduction, team building and other matters. When Tian Hong left Qianhai**, there was also news in the industry that there were disagreements between him and shareholders on corporate governance and operation.
On the whole, the operation of East Asia Qianhai ** is waiting to turn around its losses, and it is also facing the possibility of successive changes in management and shareholders.