Text |Yang Wanli.
On December 25, Weichuang shares opened with a limit. As of this writing, the company's stock price is 434 yuan, with a total market capitalization of 393.3 billion yuan. The disk shows that more than 800,000 sell orders are hung on the down limit.
On the news, on the evening of December 22, Weichuang announced that the company and the proposed acquirer Liu Jun were investigated by the China Securities Regulatory Commission on suspicion of illegal information disclosure.
At the same time, Weichuang shares also announced that Liu Jun, the actual controller of Xiling Energy, the proposed acquirer, will transfer Weichuang shares 13300 million yuan of funds were transferred to the bank account controlled by it, and the shares of Weitron were returned in full on October 31, but since November 1, the shares of Weitron have been transferred in batches, and the funds have not been returned to the shares of Weitron as of the disclosure date of this announcement.
It is worth noting that in the first three quarters of this year, the amount of monetary funds of Weichuang shares was 100.8 billion yuan. In comparison, the shares of Weitron were swept away by 13$300 million is not a small amount.
The Shenzhen Stock Exchange quickly issued a letter of concern, requiring Weichuang to take all necessary means to recover relevant funds, safeguard the interests of the company and small and medium-sized shareholders, and carefully self-examine and rectify the deficiencies in internal control.
A wave has not settled, and another wave has risen. On December 24, Weichuang also announced that Lu Keping, the controlling shareholder of the limited partner of Taizhou Zhongshu Wolters Equity Investment Partnership (Limited Partnership), the controlling shareholder of Jiangsu Sunshine Group, was filed by the China Securities Regulatory Commission on suspicion of illegal information disclosure. That is, the upper shareholders of Weichuang shares were filed.
Lu Keping is known as a capital tycoon by the outside world, and the 2022 Hurun Report shows that the total wealth of Lu Keping and Yu Qinfen is 9.5 billion yuan. However, the 2023 Hurun Report does not disclose the wealth data of Lu Keping and his wife.
According to the Daily Economic News, Lu Yu, the son of Lu Keping, is currently the chairman of Weichuang Co., Ltd., the legal representative, and a non-independent director.
We are concerned that the other two listed companies, Sihuan Biotechnology and Jiangsu Sunshine, simultaneously issued an announcement that Lu Keping was filed. According to public information, Lu Keping is the actual controller of Sihuan Biology and Jiangsu Sunshine. However, both companies said that the matter under investigation against Rudd had nothing to do with him.
According to public information, Weichuang is the first listed company in China to focus on control room solutions, and its main business includes video business, child growth platform, etc.
From 2019 to 2022, the revenue of Weichuang shares was 110.2 billion yuan, 640.8 billion yuan, 688.6 billion yuan, 514.5 billion yuan, the overall state of decline. In the same period, the non-net profit of Weichuang shares was lost, and the total loss in the past four years exceeded 1.9 billion yuan, indicating that the company's main business was sluggish.
In the first three quarters of 2023, Weichuang achieved revenue of 363.5 billion yuan, down 15 percent year-on-year68%；Achieved a deduction of non-net profit of 30430,000 yuan, down 92 percent year-on-year80%。On October 30 this year, Weichuang announced that director Li Ang could not guarantee the truthfulness, accuracy and completeness of the company's report for the third quarter of 2023.
We are also concerned that since the beginning of the year, some management positions of Weichuang have changed.
On February 3 this year, Weichuang announced that Zhu Xiaoyang resigned from the position of deputy general manager of the company for personal reasons, and Zhu Xiaoyang continued to hold other positions assigned by the company after his resignation.
On October 10 this year, Weichuang announced that due to the adjustment of work arrangements, Chen Xiang resigned as the company's director, secretary of the board of directors and deputy general manager, Lu Yu resigned as the company's general manager, and Zhou Feng resigned as the company's financial director.
On November 1 this year, Weichuang announced that Chen Xiaomeng applied for resignation as the company's deputy general manager for personal reasons, and still served as a director of the company after his resignation.
What do you think about the drop in the stock price of Weichuang shares?