On February 22, ST Guiren issued an announcement saying that the company and the actual controller were filed by the CSRC on the same day due to suspected violations of laws and regulations.
Suspected of violating laws and regulations
According to the announcement, Guirenniao shares and Li Zhihua, the actual controller and chairman of the company, received the "Notice of Case Filing" issued by the China Securities Regulatory Commission on February 22. Due to suspected violations of laws and regulations in information disclosure, in accordance with the "** Law of the People's Republic of China", "Administrative Punishment Law of the People's Republic of China" and other laws and regulations, the China Securities Regulatory Commission decided to file a case against the company and Li Zhihua.
It is understood that Li Zhihua was elected as the new chairman of the company in August 2022; In March 2023, he concurrently served as the general manager of the company; After resigning as general manager in February this year, he still serves as the chairman of the company.
ST Guiren said that as of the disclosure date of the announcement, the company's production and operation were normal. During the investigation, the company and Li Zhihua will actively cooperate with the relevant work of the China Securities Regulatory Commission, and fulfill the information disclosure obligations in a timely manner in strict accordance with the provisions of relevant laws and regulations and regulatory requirements.
Some of the assets will be auctioned on March 5
On the same day, ST Guiren also announced the progress of some assets. At the beginning of February, the company said that it would ** the assets (housing buildings, construction in progress and land use rights) of Neikeng Industrial Park located in Neikeng Town, Jinjiang City.
It is understood that the company will entrust Fujian Fangyuan to auction the aforementioned assets through public auction, the time is scheduled for 15:30 on March 5, and the auction address is the conference room of Building 1, No. 797, Puxing Road, Pujiang Town, Minhang District, Shanghai. The starting bid is 4800 million yuan, and the bidding deposit is 50 million yuan.
ST said that the transaction was conducted by public auction, and it was not possible to determine whether the transaction was completed and the counterparty, and it was not yet possible to judge whether it constituted a related party transaction. After the transaction is confirmed through public auction and the transaction conditions, it will be submitted to the company's general meeting of shareholders for deliberation again.
The performance continues to lose, and there is a risk of delisting at par value
Judging from the financial report data, in recent years, the performance of ST nobles has fluctuated greatly and is in continuous losses. Among them, the total net loss attributable to the parent from 2018 to 2020 exceeded 2.1 billion yuan, and after turning losses into profits in 2021, it will have a net loss of 9.41 million yuan again in 2022.
In September last year, ST Guiren issued an announcement saying that in view of the declining revenue and continuous losses of the sports shoes and clothing business since the judicial reorganization, and the increasingly fierce market competition, the company will optimize and adjust the sports shoes and clothing business, and according to the actual operation of the company, through including but not limited to licensing, leasing and other ways to dispose of brand assets such as "Guiren Bird" and "Prince" and other sports shoes and clothing-related assets, and gradually withdraw from the sports shoes and clothing business.
Despite this, the company's 2023 results will still be in the red. According to the performance forecast, the net loss attributable to the parent company during the period is expected to be 48.5 billion yuan, net loss after deducting non-profit is expected to be 49.5 billion yuan.
As for the main reasons for the pre-loss of performance, ST nobles said that first, the effective market demand in 2023 will be insufficient, and the market competition pressure in the food industry and sports shoes and clothing industry in which the company is located will be greater, and the operating performance will be greatly affected; Second, the company's provision for large asset impairment losses and credit impairment losses in 2023 will have an impact on the company's net profit for the current period of about -35.5 billion yuan.
On the other hand, ST Guiren said in early February that after preliminary accounting, at the end of April 2024, the total principal and interest of the company's judicial reorganization debt to be repaid will be about 2100 million yuan, and up to now, the company's operating cash flow is difficult to meet the demand for repayment of judicial reorganization debts.
In addition, although this week has been limited for 4 consecutive trading days, ST Guiren still has the risk of delisting at face value. According to the risk warning announcement, on February 22**, ST Guiren reported 09 yuan, from February 1 to February 22, the daily price has been lower than 1 yuan for 10 consecutive trading days.
As of the end of September 2023, the total number of ST noble shareholders is 2920,000 households.
*: China ** Newspaper Editor: dd001