Since the August high of 54.86 yuan, the stock price of Qisheng technology has fallen by more than 25%. As of December 1, the stock price was 27.78 yuan, with a market value of 5.8 billion yuan.
Charting: Daily Economic News
Senior executives arrested for insider trading
On the evening of December 1, Qisheng technology announced that the company received a notice from the family members of Shan Huafeng, deputy general manager and R & D director of the company. Shan Huafengs family received the detention notice issued by Jinhua Public Security Bureau on November 28, 2020. Because of insider trading, Shan Huafeng was detained by Jinhua Public Security Bureau for criminal detention, and the case remains to be further investigated by the public security organ.
Photo source: company announcement
According to Qisheng technology, Shan Huafengs current work is represented by Huang Xiaowei, the current general manager. The incident will not affect the normal operation of the company. The companys management will strengthen management to ensure the normal operation of the company.
Shan Huafeng has been the deputy general manager and director of R & D Department of Qisheng technology since December 2016. He also serves as the supervisor of Zhejiang Qisheng Data Service Co., Ltd., Zhejiang Qiyue Technology Co., Ltd. and Shuford Intelligent Technology (Hangzhou) Co., Ltd., which are subsidiaries of Qisheng technology.
In fact, Shan Huafeng has been engaged in product research and development for many years. Wind data shows that from 2005 to 2008, Shan Huafeng was the R & D Manager of spitai Electronics (Jiaxing) Co., Ltd., a foreign-funded enterprise mainly engaged in new power electronic devices and other businesses, with a registered capital of 19.1 million US dollars. From 2008 to 2016, Shan Huafeng was the R & D director of Shuford limited.
According to the 2020 interim report, at present, Shan Huafeng, deputy general manager and R & D director of the company, holds 942800 shares of the company, corresponding to the stock market value of 26.19 million yuan.
According to the annual report of Qisheng technology in 2019, Shan Huafengs annual salary is 3.37 million yuan.
Photo source: photo web
A few days ago, Qisheng Technology Board Secretary and chief financial officer just left.
On November 28, Qisheng technology announced that the board of directors received a written resignation report from Mr. Hou Wenbiao on November 27. Mr. Hou Wenbiao was employed as a senior manager of the companys wholly-owned subsidiary. In order to ensure that he can fully perform the duty of diligence and due diligence in the wholly-owned subsidiary, he proposed to resign from the post of director and Secretary of the board of directors, and also the current deputy general manager and chief financial officer Supervisor position. Mr. Hou Wenbiaos resignation will not affect the normal development of the companys related work.
As of the disclosure date of this announcement, Mr. Hou Wenbiao holds 2.04715 million restricted shares of the company. In the future, he will continue to strictly abide by laws and regulations and other relevant provisions, manage his shares and strictly perform all the commitments he has made. According to the relevant provisions, the resignation report of Mr. Hou Wenbiao shall take effect from the date when it is delivered to the board of directors of the company.
According to the third quarter report of 2020 released by Qisheng technology, affected by the delay in the resumption of offline stores at home and abroad, the company realized a business income of 1.572 billion yuan in the first three quarters, a year-on-year decrease of 19.19%; and the net profit attributable to shareholders of listed companies was 190 million yuan, a year-on-year decrease of 29.97%.
As of the end of the report period, the net profit excluding non recurring profit and loss attributable to shareholders of listed companies was 168 million yuan, down 39.21% year on year; the net cash outflow from operating activities was 19.2203 million yuan, compared with the net inflow of 136 million yuan in the same period of last year; the basic earnings per share was 0.92 yuan.
According to the announcement, financial expenses decreased by 135.62% compared with the same period of last year, mainly due to exchange gains and losses; income tax expenses decreased by 47.69% compared with the same period of last year, mainly due to the decrease of profits.
Three quarterly reports show that in the companys top ten circulating shareholders, there are several organizations.