On the evening of December 7, Xunxing shares (002098SZ) disclosed three announcements one after another, which said that the actual controller of the company was filed by the Securities Regulatory Commission for suspected manipulation of "Xunxing shares".
Xunxing Co., Ltd. is one of the largest zipper manufacturers in China, listed on the Shenzhen Stock Exchange in December 2006, known as the "first zipper stock", its main business includes the production and sales of SBS brand series zippers.
Three announcements were made in a row
Specifically, the three announcements respectively said that Xunxing shares recently learned that the controlling shareholder Tianjin Huizefeng Enterprise Management Co., Ltd. (hereinafter referred to as "Tianjin Huizefeng") received the China Securities Regulatory Commission's "Notice of Case Filing", and the China Securities Regulatory Commission decided to file a case against Tianjin Huizefeng due to suspected violations of information disclosure laws and regulations. The investigation is directed at Tianjin Huizefeng.
Xunxing shares recently received more than 5% of the shareholders of Fujian Xunxing Group, hereinafter referred to as "Xunxing Group") notice, learned that Xunxing Group received the China Securities Regulatory Commission "Notice of Case Filing", due to suspected information disclosure violations of laws and regulations, the China Securities Regulatory Commission decided to file a case against Xunxing Group. The investigation is an investigation against Xunxing Group.
Xunxing shares received a notice from the actual controller on December 7, 2023, and learned that it received the "Notice of Case Filing" from the China Securities Regulatory Commission on December 6, 2023. The investigation is aimed at ***.
According to the data, ** was born in 1972. He used to work in China Construction Bank Tangshan Branch, and was the controlling shareholder and actual controller of Tianjin Huizefeng. In November 2016, Xunxing shares underwent equity changes, and Tianjin Huizefeng became the controlling shareholder of the company, and also became the new actual controller of Xunxing sharesHe served as chairman of the board of directors of the company from February 2017 until his resignation in August 2019, a tenure of only two and a half years.
In August 2019, the month of ***'s resignation, ** was arrested by the Chongqing Municipal Public Security Bureau on suspicion of insider trading. However, after subsequent review by the First Branch of the Chongqing Municipal People's Procuratorate, it was found that although *** had committed relevant illegal acts, the circumstances of the crime were minor and there were circumstances of voluntary surrender, and according to relevant regulations, no criminal punishment was required. In the end, in accordance with the provisions of Article 177, Paragraph 2 of the Criminal Procedure Law of the People's Republic of China, the First Branch of the Chongqing Municipal People's Procuratorate decided not to prosecute ***.
As of the end of June this year, ** indirectly held 24 shares of Xunxing through Tianjin Huizefeng98% of the shares, but does not hold any position in the company.
Xunxing Co., Ltd. said that Tianjin Huizefeng, Xunxing Group, and ** were investigated and would not have a significant adverse impact on the company's normal production and business activities.
The company was filed by the China Securities Regulatory Commission five years ago
According to the data, Xunxing Co., Ltd. is the head enterprise in the domestic zipper industry, with five production bases, is the largest in China, the most variety, the most complete specifications of the zipper manufacturing enterprises, its "SBS" brand in the industry enjoys a good reputation. In the first half of this year, the revenue of the zipper business accounted for 86% of the total revenue of Xunxing.
Xunxing shares in the first three quarters of 2023 to achieve revenue of about 143.9 billion yuan, a year-on-year decrease of 1102%；The net profit attributable to the parent company is about 10.2 billion yuan, an increase of 37 percent year-on-year82%；The non-net profit was about 97.86 million, a year-on-year increase of 1614%。The company's revenue in 2022 is 211.2 billion yuan, down 6 percent year-on-year6%；Net profit attributable to the parent company is 08.2 billion yuan, down 35 percent year-on-year31%。
It is worth noting that in October 2018, the China Securities Regulatory Commission issued an investigation notice to Xunxing shares, and the company was investigated by the Securities Regulatory Commission for suspected illegal information disclosure. More than five years later, the investigation is still ongoing.
On November 24 this year, Xunxing shares disclosed the "announcement on the progress of the investigation and risk warning" shows that as of the date of the announcement, the investigation of the CSRC is still ongoing, the company is actively cooperating with the investigation, and has not yet received the CSRC's conclusive opinions or decisions on the above-mentioned investigation matters. According to the relevant provisions of the Listing Rules of the Shenzhen ** Stock Exchange (Revised in 2023), if the company is subject to administrative punishment by the CSRC and the illegal act falls under the "Implementation Measures for the Compulsory Delisting of Listed Companies with Major Violations on the Shenzhen ** Exchange", the company may be terminated from listing.
EditLu Xiangyong, Du Hengfeng.
Proofreading|Chen Keming.
The daily economic news is synthesized from the announcement of listed companies and the official website of Xunxing shares.
National Business Daily.