There are many old faces in it, such as Zhangzi Island, Tianshen entertainment, Huayi Brothers, etc., as well as new friends, such as hainengda, Wanda movies, etc.
According to the statistics of fund Jun, there are 193 listed companies in Shanghai and Shenzhen stock markets who have reported a loss in 2019. Among them, LETV beat last years A-share loss king - Tianshen entertainment with a loss of 11.282 billion yuan in advance, and promoted to the candidate list of the new generation of A-share loss king.
Of course, in the evening of the 28th, the biggest black swan incident was hainengda, which had just lost the lawsuit. Its performance changed from a profit of 500 million yuan to a loss of 4.8 billion yuan, making it inevitable for more than 40000 shareholders to stay up all night.
Great changes in performance
Haineng has a loss of 4.8 billion yuan, down more than 1100% year on year
On February 28, hytera substantially revised its previously published performance forecast for 2019, with an expected loss of 4.754 billion yuan to 4.854 billion yuan. In the previous notice, hainengda is expected to make a profit of 480-580 million yuan.
The announcement said that the significant revision of the performance forecast was related to a lawsuit against Motorola.
On February 17, hytera announced that on February 14, us time, the jury had ruled on the trade secrets and copyright infringement cases between hytera and Motorola, Motorola Malaysia. The jury found that hytera and some of its subsidiaries violated Motorolas trade secrets and copyright, and asked them to pay Motorola damages totaling $764.6 million (about 5.3 billion yuan).
The company said that although the lawsuit has not yet obtained the first trial result of the local court, according to the principle of prudence and the jurys verdict as the best estimate, the company accrued a liability of 5.334 billion yuan for the column of the balance sheet in the 2019 annual report.
Net loss of 4.7 billion decreased by 325% year on year
Wanda film and television accrues 5.9 billion of goodwill
On the evening of the 28th, Wanda film, Huayi Brothers, great wall film and other film and television listed companies released the 2019 performance express.
Among them, Wanda film and television became the king of film and television losses with a loss of 4.7 billion, followed by Huayi Brothers with a loss of nearly 4 billion.
According to the 2019 annual performance express released by Wanda film, during the reporting period, the company realized a total operating revenue of 15.6 billion yuan, a decrease of 4.22% over the same period of last year, and realized a net profit of - 4.721 billion yuan attributable to shareholders of listed companies, a decrease of 324.50% over the same period of last year.
In the same period last year, Wanda film realized a net profit of 2.1 billion yuan attributable to shareholders of listed companies.
Wanda film said that influenced by the macro-economic downturn, the continued rapid growth of the number of screens nationwide, and the overall slowdown of the industry development, in line with the principle of prudence, the company accrued about 5.9 billion yuan of goodwill impairment reserves and long-term asset impairment reserves in 2019.
After deducting the impact, the companys net profit attributable to the shareholders of the listed company is 1.18 billion yuan.
On January 21, Wanda film released its 2019 performance forecast, which shows that the net profit attributable to shareholders of Listed Companies in 2019 is a loss of 3.3 billion yuan to 4.5 billion yuan, and a profit of 1 billion yuan to 1.2 billion yuan when no provision for impairment of goodwill is made.
For the difference between the business performance disclosed in the performance express and the forecast, Wanda film explained that it was caused by the increase in the provision for impairment of goodwill and the provision for impairment of long-term assets.
Huayi Brothers lost another 4 billion
Facing life and death
According to the performance, Huayi Brothers lost only second to Wanda film in 2019.
According to the companys announcement, in 2019, Huayi Brothers main investment in the main control films was missing, and the film revenue declined to a large extent compared with the same period of last year. In terms of TV series, the revenue of drama in the reporting period decreased compared with the same period of last year.
Eight hundred, which was highly expected by Huayi Brothers, was withdrawn. Although the company said that 800 will be released on a selective date, in terms of the current domestic epidemic situation, it is difficult for cinemas to return to the previous traffic in the first quarter.
In view of the large loss of performance in 2019, Huayi Brothers gave the main reason for the provision for impairment of goodwill. After preliminary calculation, in 2019, the company plans to make provision for impairment of some assets, including goodwill and long-term equity investment, totaling about 2.68 billion yuan.
Excluding 2.68 billion yuan of provision for impairment of these assets, Huayi Brothers main business loss in 2019 is about 1.287 billion yuan.
The old loss king lost another 1.2 billion yuan
Tianshen entertainment accrues 700 million goodwill
At the beginning of 2019, Tianshen entertainment reported a loss of 7.15 billion yuan in the annual report of 2018, and accrued 4.9 billion goodwill impairment reserves, becoming the worthy A-share loss king.
In 2019, Tianshen entertainment elected a new board of directors and hired a new senior management team to promote debt resolution and expand new and old businesses.
On the evening of February 28, Tianshen entertainment disclosed its 2019 annual performance express. In 2019, the company realized an operating revenue of 1.323 billion yuan, a year-on-year decrease of 49.1%; and a net profit loss of 1.151 billion yuan, a year-on-year narrowing of the loss range.
Tianshen entertainment said that during the reporting period, the companys debt burden was heavy, the working capital of the game, advertising and marketing sectors was tight, resulting in the operation scale and related business development not meeting expectations, and the operating revenue fell.
The data shows that the interest bearing debt of Tianshen entertainment is about 4 billion yuan, and the annual debt interest is about 400 million yuan, which not only erodes the companys operating profit, but also causes the working capital shortage, restricts the normal business development, and business restrictions lead to further impairment of assets.
On the same day, Tianshen entertainment also disclosed the announcement of asset impairment. In 2019, Tianshen entertainment plans to withdraw various credit impairment reserves and asset impairment reserves totaling 744 million yuan.
Due to two consecutive years of losses, Tianshen entertainment stock will be subject to * ST delisting risk warning after the disclosure of 2019 annual report,
If the company continues to lose money in 2020, according to the new securities law, the listed company will lose money for three consecutive years or face direct delisting.
Whether delisting or not, this years A-share loss king hat first removed again.
Its almost sold out
Zhangzi Islands net profit still dropped by more than 1000%
After selling land, sea and 90 million central refrigerators, Zhangzi Island still lost money.
On February 28, Zhangzidao Group Co., Ltd. (hereinafter referred to as Zhangzidao) disclosed the 2019 annual performance express.
In 2019, Zhangzi Island achieved an operating revenue of 2.723 billion yuan, a year-on-year decrease of 2.67%; the net profit loss attributable to shareholders of the listed company was 399 million yuan, a year-on-year decrease of 1341.79%.
In addition to revenue and net profit, the operating profit and total profit of Zhangzi Island decreased significantly year on year. In this regard, Zhangzi Island attributed the main reason to a series of effects caused by the disaster of scallops.
Therefore, the company is prepared to write off the inventory cost of some bottom seeded shrimps and scallops in 2017 and 2018 and accrue the inventory falling price, about 300 million yuan.
Its all scallops
However, since 2014, the scallops of Zhangzi Island have had a bad life for six years. Scallops run away, scallops starve to death, scallops freeze to death and other large-scale abnormal events occur frequently, and Zhangzi Island has suffered huge losses.
Most recently, in November 2019, scallops died in large numbers. Zhangzidao announced the launch of the bottom seeded scallop sampling activity in the autumn of 2019 on November 7, and a large proportion of scallops died in the bottom seeded scallops, of which the proportion of dead shells in some sea areas accounted for more than 80%, resulting in losses up to 278 million yuan. The amount is close to the sum of all net profits attributable to the parent company from 2012 to the time of the event.
In order to alleviate the financial problems, Zhangzi Island began to sell off.
In July 2019, Zhangzidao plans to sell 100% equity of Dalian Xinzhong Seafood Food Co., Ltd. and 90% equity of Xinzhong Japan Co., Ltd. for 234.5 million yuan. On July 10, the notice of administrative punishment and market prohibition issued by the CSRC blocked this selling.
In August 2019, the board of directors of Zhangzi Island agreed to transfer a land use right of the wholly-owned subsidiary Dalian Zhangzi Island FRP Shipbuilding Co., Ltd. located in Qianyan village, Dalian Bay Street, Ganjingzi District, Dalian City, with a transaction price of 60.75 million yuan.
However, one month later, Zhangzi Island stated that both parties agreed to terminate the major asset sale and sign the relevant termination agreement on the basis that the company was still in the period of investigation and pre punishment pending hearing.
On January 3, 2020, Zhangzi Island announced that it would sell four sea areas located in Guanglu island with seabed inventory at a price of 150.5 million yuan.
After selling sea cucumbers and sea areas, Zhangzi Island recently sold Dalian Zhangzi Island Central refrigeration Logistics Co., Ltd., which once cost 90 million yuan.
On the evening of February 24, Zhangzidao Group Co., Ltd. issued a notice on Shenzhen stock exchange that Zhangzidao and puleng international logistics (Shanghai) Co., Ltd. signed a framework agreement on the transfer of 75% equity of Dalian Zhangzidao central refrigeration Logistics Co., Ltd. (hereinafter referred to as central refrigeration logistics).
Central refrigeration logistics is the holding subsidiary of Zhangzi Island, which currently holds 88.75% of its equity.
In response to the deal, Zhangzidao said it was an important move for the company to continue to promote its weight-loss plan and reduce its asset liability ratio. The funds obtained by the exchange will be used to supplement the working capital and repay some bank loans, which will improve the companys financial situation and current operation.
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