Micro loan network is affected by case investigation of listed company Han Ding Yu yous emergency response

category:Finance
 Micro loan network is affected by case investigation of listed company Han Ding Yu yous emergency response


In this regard, Han Ding Yu you, a listed company on the gem, announced in the evening of May 5 that the company holds weidai Ltd. through its wholly-owned subsidiary Hakim unique technology limited. Securities code: Wei, hereinafter referred to as micro loan network) 14.13% equity. This filing investigation may lead to the risk of large amount of fair value changes in the companys financial assets.

As of the end of June 2020, hending Yuyou held 14.13% equity of micro loan network through its wholly-owned subsidiary, handing Yuyou Technology Co., Ltd. As of the end of 2019, the book value balance of long-term equity investment of Han Ding Yu you to micro loan network is 176 million yuan, and by the end of the first quarter of 2020, the book value balance of long-term equity investment of Han Ding Yu you to micro loan network is 155 million yuan. At the end of May 2020, Wang Yan, an employee of hending Yuyou, resigned as a non independent director of the micro loan network.

Han Ding Yuyou pointed out that according to the provisions of the accounting standards for Business Enterprises No. 2 - long term equity investment, if the investor has lost a significant impact on the investee, the remaining equity should be accounted for according to the relevant provisions of the accounting standards for Business Enterprises No. 22 - recognition and measurement of financial instruments. Therefore, from June 1, 2020, the companys long-term equity investment in the micro loan network will be changed from the measurement based on the equity method to the financial assets measured at the fair value and the changes are included in the current profit and loss. Considering the secondary market share price, liquidity discount and exchange rate of the micro loan network, according to the preliminary calculation by the financial department of the company, it is estimated that the book value balance of equity investment in the micro loan network will be 76 million yuan by the end of June (the specific data is subject to the semi annual financial report of the company in 2020).

According to hending Yuyou, in the first half of 2020, the company has made clear its development strategy focusing on smart city and smart healthcare. This incident will not affect the companys strategy, management and business development, nor will it affect the companys cash flow. However, in view of the fact that the micro loan network has been filed for investigation, there is a risk of large amount of fair value changes in the companys financial assets, and the impact on the companys performance is mainly determined by the fluctuation of the stock price in the secondary market of the micro loan network. Han Ding Yu you stressed that in addition to the above police notification, the company has not yet learned other information about the micro loan network related to the case. In the secondary market, as of July 3, the closing price of Han Ding Yu you was 6.27 yuan / share, with a total market value of 4.21 billion yuan. (Zhongxin Jingwei APP) source: responsible editor of Zhongxin Jingwei: Wang Xiaowu_ NF

Han Ding Yu you stressed that in addition to the above police notification, the company has not yet learned other information about the micro loan network related to the case.

In the secondary market, as of July 3, the closing price of Han Ding Yu you was 6.27 yuan / share, with a total market value of 4.21 billion yuan. (Zhongxin Jingwei APP)