Text |Yang Wanli.
On December 28, Haofeng Technology's share price fell sharply intraday, once falling more than 17%. As of midday, the company's share price decline narrowed to 1452% and the stock price is 577 yuan, with a total market capitalization of 212.2 billion yuan.
On the news, on the evening of December 27, Haofeng Technology announced that the company was filed by the Securities Regulatory Commission on suspicion of illegal information disclosure. Haofeng Technology said that the investigation will not have a significant adverse impact on the company's production, operation and management.
According to incomplete statistics, in the past week, about 9 listed companies or related parties have been filed by the CSRC on suspicion of violating laws and regulations.
We are concerned that in mid-May this year, the Shenzhen Stock Exchange issued an inquiry letter on the annual report of Haofeng Technology, asking questions about the reasons and reasonableness of the company's substantial growth in performance in 2022, the cooperative relationship between the top five customers and first-class merchants, inventory, project advance receipts, and R&D investment.
In late May this year, Haofeng Technology replied to the annual report inquiry letter and mentioned that "the company's performance changes are in line with industry laws and have a certain degree of sustainability", "the company has more stable customers, and at the same time continues to develop new customers, and there is no excessive dependence on Everbright Bank", "the company does not rely on a single ** business", "the reasons for the formation of inventory price decline provisions in the reporting period are reasonable, and the relevant inventory price decline provisions are timely and sufficient", " The company's advance receipts have dropped significantly and reasonably, and there has been no adverse change in the ability to obtain orders", and so on.
It is understood that Haofeng Technology is a domestic IT system solution provider, and its main business is to provide IT system integrated solutions and digital banking solutions based on cloud computing architecture and big data business intelligence to financial (banking, insurance), industrial and commercial enterprises (manufacturing, commercial circulation and services), hotels and home media fields.
Judging from the financial data of the past three years, ** software shows that in 2021, Haofeng Technology will achieve an operating income of about 63.7 billion yuan, down 052%；The attributable net profit loss was 26.55 million yuan, a year-on-year decrease of 21917%, the year-on-year growth rate of revenue and net profit showed a double decline.
In 2022, Haofeng Technology will achieve an operating income of 105.9 billion yuan, a year-on-year increase of 6641%；The attributable net profit was 39.89 million yuan, a year-on-year increase of 25022%, with a year-on-year growth rate of revenue and net profit.
In the first three quarters of 2023, Haofeng Technology achieved revenue of 452.6 billion yuan, down 2982%；The attributable net profit was 13.39 million, a year-on-year increase of 1347%, showing a situation of "increasing profits but not increasing income".
We note that at the end of November 2021, the controlling shareholder of Haofeng Technology was changed to China Soft Industry, and the actual controller of the company was changed to Wang Guangyu.
After Wang Guangyu, the new owner of Haofeng Technology, took office, the company implemented mergers and acquisitions one after another.
In January 2022, Haofeng Technology announced that it intends to use its own or self-raised funds3500 million yuan to acquire 100% equity of Shandong Huasoft Jinke Information Technology, hereinafter referred to as "Shandong Huasoft Jinke").
In response to the acquisition, the company later received a letter of concern from the Shenzhen Stock Exchange, which asked questions about the valuation of the target company, business and performance, and key customers. The acquisition was completed in February last year after the completion of the response work.
In August 2022, Haofeng Technology announced that it intends to plan to acquire the equity of Shenzhen Jianguang Digital Technology Co., Ltd. (hereinafter referred to as "Jianguang Digital Technology") to realize the acquisition of a controlling stake in Jianguang Digital Technology.
In September last year, Haofeng Technology announced the termination of the planning of major asset restructuring matters and the resumption of trading, and the announcement explained that "on the afternoon of September 2, the company received a notice from Beijing Jianguang Asset Management that it could not complete all the required approval processes during the company's suspension and applied for termination of related transactions."
In November 2022, Haofeng Technology announced that it planned to acquire 38% of the equity of Zhenghua Information for 64.45 million yuan, and the company intends to enter the public security industry. The acquisition was completed at the end of December last year.
After several acquisitions, we will continue to pay attention to the next performance of Haofeng Technology.