Two A-share companies lose billions in advance! 70000 shareholders are worried about breaking through the market value

category:Finance
 Two A-share companies lose billions in advance! 70000 shareholders are worried about breaking through the market value


Market data shows that the current total market value of Tianguang Zhongmao is 3.689 billion yuan, which means that the maximum loss after this correction is close to the market value of the company, which is amazing.

According to the announcement, the reason for Tianguang Zhongmaos performance explosion is still due to goodwill.

Due to the continuous loss, Tianguang Zhongmao will probably be * St. According to the announcement, in view of the negative net profit of the Company attributable to the shareholders of the listed company through audit in 2018, and the negative net profit expected to belong to the shareholders of the listed company in 2019, according to the relevant provisions of the Listing Rules of Shenzhen Stock Exchange, the audited net profit of the last two accounting years has been continuously negative, and Shenzhen Stock Exchange has the right to carry out the actual trading of the companys shares Handling of delisting risk warning. Tianguang Zhongmao lost 452 million yuan in 2018.

it happens that there is a similar case. Another A-share listed company, Jiyao holding (300108. SZ), also exploded tonight.

According to the announcement of Kyrgyz holding, the company is expected to lose 1.5 billion to 1.505 billion yuan in 2019. Public financial data shows that the company has been profitable for several years. In 2018, the company made a profit of 217 million yuan.

According to the data, the total market value of Kyrgyz holding is 2.664 billion yuan at present, and the circulation market value is 1.72 billion yuan, which means that the amount of pre loss of Kyrgyz holding is close to its circulation market value.

According to Kyrgyz, the main reasons for the companys expected huge loss in 2019 are as follows:

1. Impairment of goodwill. Beijing Zhongkehua assets evaluation Co., Ltd. has been entrusted by the company to evaluate the goodwill with a book value of 854 million. According to preliminary judgment, the recoverable amount of the asset group of the subsidiary is lower than its book value, and it is estimated that the provision for impairment of goodwill is about 550 million yuan this year.

2. Provision for bad debts. According to the new financial instrument standards of the Ministry of finance of the peoples Republic of China, other domestic listed enterprises have been implemented since January 1, 2019. Based on the industry policies, characteristics and customer credit, the company is expected to withdraw about 280 million bad debt reserves this year in line with the principle of prudence.

3. Loss of inventory. According to the company, on August 26, 2019, the amendment to the drug administration law of the peoples Republic of China adopted by the Standing Committee of the 13th National Peoples Congress was put into effect on December 1, 2019. According to the provisions of the corresponding provisions of the new drug administration law, the properties and contents of raw materials shall be tested, and the raw materials that will not be able to ensure the effective content and safety of the finished products will be processed for continuous use. Therefore, in combination with the market demand and variety strategic planning of future products, and in order to ensure the safe operation of the companys production and operation in the future, the company rechecked the companys raw materials in 2019. According to the re inspection results and the market price and other data published by Hebei Anguo Yongxin company on a regular basis in the traditional Chinese medicine information report, the company disposes of the raw materials in stock due to years of reserves, market production drug structure adjustment and other reasons, aiming at the decline of medicinal value and use value. It is estimated by the company that the inventory loss in this year is 283 million yuan.

4. Impairment of construction in progress. According to the company, since 2016, the company has started to build the risperidone (tiravidine) drug production base project, which has been entrusted to external research and development institutions for research and development, and at the same time, the base construction has been carried out in accordance with the application requirements. By the end of 2019, according to the judgment of the companys management, there is uncertainty in the research and development results of the project, so it is decided to expensize all the development expenditures of the project of 67.58 million yuan. At the same time, the company has entrusted Beijing Zhongkehua assets evaluation Co., Ltd. to carry out the value evaluation of the project under construction. According to the preliminary judgment, it is estimated that the provision for impairment of the project under construction is 150 million yuan this year.

5. Production and operating income declined. The company said that in order to ensure the environmental quality, Meihekou city began to require production enterprises to stagger peak production in the second half of 2018. In the first half of this year, Meihekou municipal government issued the notice on printing and distributing the implementation plan for eliminating small coal-fired boilers of 10 steam tons and below in the built-up area of Meihekou city. Meihekou city carried out the renovation work in 2019, during which unqualified boilers and subsidiary jinbaoyao were forced to be eliminated During this period, the industry cooperated with the government to temporarily shut down some production lines, and shut down all production lines since August 27, 2019. The demolition and transformation of the existing four coal-fired boilers led to the decline of production and operating revenue in 2019.

6. Increase in period costs. According to the company, M & A of four new subsidiaries has been completed at the beginning of 2019, resulting in an increase of expenses in various periods of this year compared with the same period of last year.

7. Increased financial costs. The company said that in 2019, due to the increase of additional working capital and M & A loans, the financial expenses increased compared with the same period of last year. During the reporting period, it is estimated that the impact of non recurring profit and loss on net profit is about 38.55 million yuan.

The above two companies are of average size, but they are expected to lose billions of yuan, and they will lose all the profits realized in each year since listing, which can be described as a surprise.

A few days ago, * ST Salt Lake announced an unprecedented loss in the history of a shares, but unfortunately, it is likely to be just the prelude to the performance explosion.

In the evening of January 11, * ST Salt Lake released three announcements, including the 2019 performance forecast, the risk warning of possible suspension of listing and the progress of the companys asset auction.

*According to st Salt Lake announcement, it is estimated that the net loss attributable to shareholders of Listed Companies in 2019 will be 43.2 billion yuan to 47.2 billion yuan, with a loss per share of about 15.51 yuan to 16.94 yuan.

According to the announcement, once the loss actually occurs, * ST Salt Lakes net assets will be negative. This will directly set a new record of A-share losses in recent years.

In fact, the Shanghai and Shenzhen stock exchanges have relevant regulations on the disclosure of the performance forecast of listed companies. January 31 is an important time point every year. Companies that need to disclose the annual report performance forecast must disclose before January 31 every year.

For example, for the performance forecast of small and medium-sized board companies, Shenzhen Stock Exchange stipulates that the board of directors of listed companies should pay close attention to the companys business situation. If it is expected that the companys business performance in the first quarter, half year, the first three quarters and the whole year will occur one of the following situations, the performance forecast should be disclosed in time:

uff081uff09 The net profit is negative;

uff082uff09 Net profit increased or decreased by more than 50% compared with the same period of last year;

uff083uff09 Compared with the same period of last year, the company has turned losses into profits.

In terms of the time limit for disclosure, the listed companies on the small and medium-sized board shall disclose the first quarters performance forecast before April 15, the half years performance forecast before July 15, the first three quarters performance forecast before October 15 and the current years performance forecast before January 31 of the next year.

For another example, for GEM companies, according to Article 4 of gem information disclosure business Memorandum No. 11 - Performance notice, performance express and its amendment, the disclosure time of the first quarter performance notice amendment announcement shall not be later than April 10, the disclosure time of the semi annual performance notice amendment announcement shall not be later than July 15, and the disclosure time of the third quarter performance notice amendment announcement shall not be later than July 15 No later than October 15, and no later than January 31.

For another example, for GEM companies, according to Article 4 of gem information disclosure business Memorandum No. 11 - Performance notice, performance express and its amendment, the disclosure time of the first quarter performance notice amendment announcement shall not be later than April 10, the disclosure time of the semi annual performance notice amendment announcement shall not be later than July 15, and the disclosure time of the third quarter performance notice amendment announcement shall not be later than July 15 No later than October 15, and no later than January 31.

In general, the above provisions mean that January 31, 2020 will be the centralized disclosure date of 2019 performance forecast and performance correction announcement. Due to the Spring Festival holiday, all companies whose performance is likely to change dramatically will disclose relevant information before this year.

PS: willful huge loss, what is the foundation of these companies?!