Recently, Xinhaiyi Technology Group Co., Ltd. is referred to as *ST Xinhai;**002089.SZ) stock price has been involved in private network communication cases, which may touch the situation of forced delisting in major violations. Before the stock price continued to rise, *ST Xinhai frequently responded to the new energy vehicle manufacturing qualification of the joint venture on the interactive platform, and the joint venture was seriously insolvent.
*: Photo.com*ST Xinhai harvested three boards, and was involved in private network communication cases
From December 18 to 20, 2023, for three consecutive trading days, *ST Xinhai opened with a daily limit, and ** reported 1 on the 20th03 yuan. In stark contrast, since December 8, *ST Xinhai's share price has continued to fall below 1 yuan on December 13, **099 yuan. After three consecutive boards, *ST Xinhai's share price rebounded to 103 yuan, which means that the company temporarily got out of the delisting crisis at face value.
On December 21, *ST Xinhai issued an announcement on abnormal fluctuations in trading, saying that the company's ** for three consecutive trading days has accumulated more than 12% of the deviation of the increase, which is a case of abnormal fluctuations in trading according to the relevant regulations of the Shenzhen ** Exchange. According to the announcement, the company's recent business situation is normal, there have been no major changes in the internal and external business environment, and no undisclosed material information has been found that may have a greater impact on the company's **transaction** has been reported recently.
At the same time, *ST Xinhai said that the company received the "Prior Notice of Administrative Punishment and Market Prohibition" on January 16, 2023, and the company is conducting self-inspection of information disclosure documents such as annual reports from 2014 to 2019 and semi-annual reports in 2019.
ST Xinhai is principally engaged in the telecommunications manufacturing business. In June 2022, Zhang Yibin, the actual controller and chairman of the company, was investigated by the China Securities Regulatory Commission (CSRC) on suspicion of illegal information disclosure. It was found that in March 2014, Zhang Yibin, Sui Tianli and others invested in the establishment of Suzhou Xinhaiyi Information Technology Co., Ltd. Suzhou Xinhaiyi Electronic Technology Co., Ltd. to carry out private network communication business, and the false production, processing, purchase and sale of private network communication products constituted a false sales cycle.
From 2014 to the first half of 2019, by participating in the false self-circulation business of private network communication, *ST Xinhai's consolidated statement level inflated its operating income by a total of 374.1 billion yuan, inflated total profit of 56.3 billion yuan, and there are false records in the relevant financial reports. In January 2023, the China Securities Regulatory Commission (CSRC) issued a "Prior Notice of Administrative Punishment and Market Ban" to *ST Xinhai and its then chairman, chief financial officer, secretary of the board of directors and others, and imposed a ten-year market ban on Zhang Yibin.
After calculation, the actual attributable net profit of *ST Xinhai from 2016 to 2018 is negative, and the non-net profit deducted in 2019 is negative, and the 2019 financial report is issued with a qualified opinion.
Investors frequently respond to Shaanxi Tongjia's car-making qualifications
On December 15, 2023, the trading day before *ST Xinhai launched the triple board, the company replied to a number of questions involving Shaanxi Tongjia Automobile Co., Ltd., a shareholding company, on Interactive Yiyi.
Shaanxi Tongjia was established in 2009 by Shaanxi Automobile Group Co., Ltd., mainly engaged in the research and development, production and sales of automobiles and parts. In July 2016, *ST Xinhai acquired Shaanxi Tongjia 20812500,000 shares, and then increased the capital of Shaanxi Tongjia by 200 million yuan, after the equity transfer and capital increase, *ST Xinhai held 38 shares of Shaanxi Tongjia07% shares, the largest shareholder of Shaanxi Tongjia, Shaanxi Tongjia has become an associate of *ST Xinhai.
It is worth mentioning that Suzhou Haijing Information Technology Group, the second largest shareholder of Shaanxi Tongjia, holds 3707% shares, and Suzhou Haijing is a company controlled by Zhang Yibin, the actual controller of *ST Xinhai.
According to the annual report of ST Xinhai, the main products of Shaanxi Tongjia are new energy pure electric logistics vehicles, and the main product "Electric Cow" series is mainly used for intra-urban logistics, that is, short barge distribution and terminal placement within a service radius of 150 kilometers. In addition, according to the disclosure of Baoji City, Shaanxi Tongjia has obtained the Ministry of Industry and Information Technology's "1" light truck, "5" van, "6" light bus and new energy vehicle production qualifications, with an annual production capacity of 100,000 new energy vehicles.
On December 15, investors asked *ST Xinhai on the interactive easy to ask what the company values when investing in Shaanxi Tongjia. *ST Xinhai replied that Shaanxi Tongjia is a national new energy automobile company with a full license, and the company invests in Shaanxi Tongjia, the first value of its full-license car production qualifications, most of the hundreds of car brands in the market do not have automobile production qualifications, especially the transformation of Internet companies to make cars Many are limited by production qualifications, and Shaanxi Tongjia has highlighted the advantages of license plate resources under the general trend of Internet car manufacturingSecondly, Shaanxi Tongjia relies on Shaanxi Automobile's technology accumulation and manufacturing background, and the sales volume of "Electric Bull" series of commercial logistics vehicles ranked among the best in the field of commercial logistics vehicles in 2017 and 2018, and Shaanxi Tongjia's manufacturing capacity in the field of commercial vehicles is also a huge advantage in the future.
Some investors previously asked whether Shaanxi Tongjia was about to resume work and production. *ST Xinhai also replied on the 15th that Shaanxi Tongjia has 860 acres of land, 200,000 square meters of factory buildings, and has the production qualification of fuel vehicles and new energy vehicles.
On the 18th and 20th, *ST Xinhai continued to explain the advantages of Shaanxi Tongjia's license on the interactive platform. At the same time, some investors asked the company about the specific situation and customer background of the 500 customer orders, but *ST Xinhai has not yet replied to the relevant questions.
Although Shaanxi Tongjia has the qualification to manufacture new energy vehicles, which has attracted much attention from the market, the company's current operating conditions are also worth noting. Shaanxi Tongjia stopped production in October 2019 due to tight liquidity and began to resume work and production in July 2021. From 2021 to January to June 2023, Shaanxi Tongjia achieved operating income of 2790230,000 yuan, 894030,000 yuan, 165600,000 yuan, net profit -18068860,000 yuan, -48431170,000 yuan, -1220460,000 yuan, the equity attributable to shareholders of the parent company at the end of the period was -152359960,000 yuan, -200827130,000 yuan, -202047580,000 yuan, seriously insolvent. According to public information, from 2021 to 2023, Shaanxi Tongjia was included in the list of untrustworthy enterprises with serious violations 36 times due to other circumstances of refusal to perform the obligations determined in effective legal documents due to other circumstances that have the ability to perform.
At the same time, Shaanxi Tongjia has non-operating capital occupation of *ST Xinhai. As of the end of June 2023, *ST Xinhai's balance of other receivables against Shaanxi Tongjia was 55,570070,000 yuan, 34082 bad debt provisions have been made240,000 yuan, in addition, the company's interest receivable from Shaanxi Tongjia is 22,746The 840,000 yuan is also difficult to recover, and the interest income cannot be recognized.