Affected by the news, Hangzhou hi tech opened at a low price in the morning, but then its share price rose rapidly. As of the time of publication, it was 11.22 yuan / share, down 2.01%, and the latest total market value was 1.42 billion yuan.
Control may change
On the evening of November 23, Hangzhou hi tech announced that recently, Hangzhou hi tech Rubber & plastic materials Co., Ltd. (hereinafter referred to as the company) could not contact Mr. LV Junkun, the actual controller of the company, and it was in a state of loss of contact. Up to now, the company has not been able to understand the specific reasons for Mr. Lu Junkuns loss of contact.
As of the disclosure date of this announcement, Mr. LV Junkun directly held 6.33 million shares of the company, accounting for 5% of the total share capital of the company. Mr. LV Junkun indirectly controls 19 million shares of the company through China shuangfan investment holding group (Hong Kong) Co., Ltd., accounting for 15% of the total share capital of the company; on September 18, 2019, Mr. LV Junkun signed the agreement on concerted action with Wanren Zhongying (Xiamen) equity investment partnership (Limited partnership) (hereinafter referred to as wanrenzhongying) through its concerted action Indirectly controlled 6.33 million shares of the company, accounting for 5% of the companys total share capital; Mr. Lu Junkun controlled 31.67 million shares of the company, accounting for 25% of the companys total share capital. Among them, 19 million shares of the company held by shuangfan investment are in the state of pledge, accounting for 100% of the total shares of the company and 15% of the total share capital of the company.
However, Hangzhou hi tech said that Mr. LV Junkun had resigned from the position of chairman, director and member of the strategic committee of the company on September 11, 2020, and would no longer hold any post in the company. At present, its loss of contact has no impact on the stability of production, operation and management of the company.
As the companys shares held by shuangfan investment are in the state of pledge and have not been repurchased according to the agreed time, the pledge period of the business is from January 25, 2017 to January 23, 2020, and the closing line price is 9.58 yuan / share. The loss of the actual controller may lead to the pledgee Huachuang Securities Co., Ltd. to dispose of the relevant Pledged Shares in breach of contract, and then deal with the companys The influence of actual control right leads to the change of the actual controller of the company.
Seven institutions such as Shanghai Minghui stepped on thunder
There are only 8247 shareholders left
As of September 30, 2020, there are still 8247 shareholders in Hangzhou hi tech, and there are still 7 institutions.
In the details of its top ten shareholders, there are many institutional investors, including Wanren Zhongying equity investment partnership, Hangzhou Tianyan Investment Co., Ltd., Nanjing Huxing Shuwan equity investment partnership (limited partnership), etc.
Among them, Minghe value growth phase I of Shanghai mingshe investment was a new shareholder in the third quarter, ranking the ninth among the top ten shareholders. As of the end of the third quarter, it held 1028300 shares, accounting for 0.81% of the total share capital.
However, since the fourth quarter, the stock price performance of Hangzhou hi tech is not ideal. As of the press release, it is estimated that the cumulative decline of the stock is more than 6%. Therefore, the investment income of Mingyi investment is not ideal.
In addition, 11 fund managers from the 10 billion quantitative private placement have worked for more than 11 years on average, while there are only three fund managers with an annualized return of more than 10% in the past five years, and Mingyi investment has two seats, namely, Qiu Huiming and Xie Huanyu, the big private equity tycoons.
The company is deeply involved in loan dispute
Nine bank accounts of Hangzhou hi tech were frozen
In addition to the loss of the actual controller, Hangzhou hi tech is also deeply involved in loan disputes, and nine bank accounts of the company have been frozen.
On the evening of November 18, Hangzhou hi tech announced that the companys basic bank account and some bank accounts had been frozen by justice. The basic account was a case of private loan dispute between Zhejiang property Zhongda United Financial Service Co., Ltd. (hereinafter referred to as Zhongda United finance) and the company, which applied to the peoples Court of Shangcheng District of Hangzhou for compulsory execution, resulting in the freezing.
Hangzhou hi tech said that the main reason for the freezing of the above bank account was that Gao Changhong, the original actual controller of the company, signed a loan contract with its creditors without the companys knowledge, and regarded the company as a joint borrower under the loan contract without the companys consent, resulting in the companys failure to repay some of its debts when they were due, resulting in creditors taking litigation and other measures Freeze the companys bank accounts.
As of the same day, 9 bank accounts under the companys name were frozen, which had a certain impact on the companys daily operation and management and business, but the companys main bank accounts were not frozen, and the companys daily production of raw materials procurement can be carried out normally, which will not have a significant impact on the normal operation and management of the company.
The matter quickly attracted regulatory attention letters. In the announcement of reply to the Shenzhen Stock Exchanges attention letter on November 23, Hangzhou high tech said that as of November 22, 2020, the companys available funds and bills totaled 11.97 million yuan. The companys frozen bank account involved a capital balance of 1.09 million yuan, accounting for 9.1% of the frozen amount. The company still has a bank account which can normally receive the customers wire transfer payment and the wire transfer expenses, and the daily operation and production activities of the company can be carried out normally. The freezing of the above bank accounts of the company will not have a significant impact on the companys daily operation.
Meanwhile, Hangzhou hi tech also makes a statement on the specific progress of various loan disputes involved by the company. In fact, gaochanghong was the actual controller of Hangzhou hi tech. However, gaochanghong borrowed the companys official seal without permission. He signed the loan contract with the creditor without the companys knowledge. Without the consent of the company, the company was regarded as the borrower or guarantor under the loan contract, which led to the company being sued by several creditors, and currently it mainly involves five litigation matters.
The 7915000 shares held by the largest shareholder will be auctioned
In addition, on September 30, Hangzhou hi tech announced that the company learned through the peoples Court of Yuhang District, Hangzhou that the 7915000 shares held by happy group, the largest shareholder of the company, would be auctioned on Taobaos judicial auction network platform on November 12, 2020.
As of the disclosure date of the announcement, happy group and its actual controller Gao Changhong held 38.77305 million shares of the company, accounting for 30.61% of the total share capital of the company; the total number of pledged shares was 37.815 million, accounting for 97.53% of the companys shares and 29.85% of the total share capital of the company; the total number of shares frozen and waiting to be frozen was 38.77305 million, accounting for 100% of the companys shares, accounting for the total of the company 30.61% of the share capital.
As of the time of publication, one person signed up, 63 people set up reminders and 4892 times of onlookers.
Hangzhou hi tech lost 33.17 million yuan in the first three quarters
Net profit fell 145% year on year
According to the data, Hangzhou hi tech business is divided into two business sectors, namely, polymer materials for cables and cultural entertainment. The companys main business is the research and development, production and sales of polymer materials for cables. The products are widely used in the fields of electric power, ship, rail transit, communication, electrical equipment, construction, new energy and other fields.
According to the report of the third quarter of 2020, from January to September 2020, the revenue will reach 313 million yuan, a year-on-year decrease of 41.90%; the net profit loss attributable to shareholders of listed companies is 33.1656 million yuan, a year-on-year decrease of 145.22%. Among them, the net profit loss attributable to shareholders of Listed Companies in the third quarter was 16.9773 million yuan.
As for the decrease in revenue, Hangzhou hi tech said that this report only included the data of the sold subsidiary sun hi tech from January to April and the sales decline affected by the epidemic.
In recent years, Hangzhou hi tech has suffered from many negative news, so its business situation is also very worrying. Since 2018, the net profit attributable to the parent began to fall sharply and broke out at the end of 2019. In 2019, the company turned from profit to loss, and the net profit attributable to the parent fell by 1481% year-on-year, which did not improve in the first half of this year. In the first half of this year, Hangzhou hi tech achieved a total operating revenue of 199 million yuan, a year-on-year decrease of 43.22%; the net profit attributable to the parent company fell by 253%, and the net loss was 16.19 million yuan.
Source: China Fund News Editor in charge: Yang Bin_ NF4368