This is not the first time that St. Lian Jian has sold a house. In June last year, the company sold four houses in Huizhou, which was still part of the fundraising project when the company sold it on 20 1 1, and the funds returned were nearly 200 million yuan. After sold out, the company has no regional production and manufacturing, and the sold property is rented back home for a period of 4 years, "to ensure that the company's LED indicates that all business processes are in normal production and operation".
Since 20 17, with the continuous explosion of early recycling companies, ST Lian Jian has sustained high losses. From 20 18 to 2020, the company lost 2.888 billion yuan,135438+0 million yuan and 316 million yuan respectively. After the continuous sale of real estate, there are few fixed assets and investment real estate on the company's account at this stage.
As of the end of the first quarter of 2022, the total assets of st Lian Jian are 654.38+0.47 billion yuan, so it is necessary to prevent the listing accounting from being suspended when the total assets are negative. Due to the overdue pledge of the equity loan, the actual controller of ST Lian Jian has been passively selling the shell at this stage, but no one has taken over. On May 6th, the public announcement showed that its 65,438+05% equity was auctioned for the second time on the real estate auction service platform, and the third auction was planned for June 6th.
According to the announcement of ST Lian Jian, in order to "revitalize the company's property and improve the efficiency of property operation", the board of directors of the company decided on March 14, 2022. According to the Proposal on the Property to be Sold, the company plans to publicly sell 35 existing office buildings located at floors 15 to 19 of Shenzhen Bay Science and Technology Ecological Park, Nanshan District, Shenzhen.
On May 13, 2022, the company signed the Real Estate Transfer Contract with Shenzhen Beijing Jichuang North Technology Co., Ltd. (hereinafter referred to as "Beijing Jichuang"), and the Shenzhen Bay Science and Technology Park office building 17 to 19 floors totaled 2 1 existing real estate (total construction area/Kloc-
The real estate company bought and sold this time was acquired in cash from September 2065438 to September 2006, and the purchase price was about RMB 4180,000. The land use is industrial land, with ownership of 50 years and remaining service life of 45 years. According to the reference price, the use value of this 2 1 suite is 442 million RMB, but this transaction is sold at the book value of 4180,000 RMB, and there is no equity premium. The company claims that this is the result of negotiation between the two parties.
China Fund News reporter noted that 277 million yuan of the houses sold this time belong to investment real estate, and 654.38+0.4 billion yuan belong to fixed assets. By the end of the first quarter of 2022, the investment real estate in the company account was 476 million yuan, and the fixed capital was 65.438+0.99 billion yuan. After the sale, only RMB 200 million remains in investment real estate and RMB 59 million remains in fixed capital, which is very small.
This is not the first time that desperate Saint Lian Jian has sold a house. In June last year, the company publicized and sold four property management buildings in Huizhou, or some fundraising projects when 20 1 1 was put on sale. The actual rights and interests of property management are: No.5 Tongan Road (No.2 industrial workshop), (No.3 industrial workshop), (No.4 industrial workshop) and (No.65438 +0 dormitory) ***4 property management, with a parcel area of * * * 35,000m2 and a total construction area of 786 12.6 1m2.
Huizhou real estate sold this time involves the investment of "LED commodity industry development new project" first announced on 201/kloc-0. The investment project includes land resources expenditure, infrastructure construction, production equipment purchase and its working capital. The total amount of funds raised for this project is RMB 654.38+560 million. Now the company sells this kind of industrial factory dormitory, which is not useless, and many of them are helpless. After the sale, the company signed an industrial workshop lease contract with the customer's industrial company, and the company leased back the sold Huizhou real estate for 4 years to "ensure the normal production and operation of the company's LED business process".
According to ST Lian Jian's previous detailed introduction, the company takes led instructions as its core business process and produces six product lines: technical professional instructions, general instructions, conference instructions, business service instructions, outdoor instructions and rental instructions. Service projects include supervision, urban rail, municipal road engineering, commercial real estate, exhibition, public security law, VR+ culture and education, video conference system, media advertising, performance activities, and broadcast network studios.
Since 20 13, ST Lian Jian has carried out a series of investment and financing in order to better expand the marketing service industry chain. From 20/KOOC-0/4 to 20/KOOC-0/7, Lian Jian Optoelectronics recovered/KOOC-0/3 companies with a total expenditure of 5.429 billion RMB and a huge reputation of 4.637 billion RMB. Since 20 17, ST Lian Jian has suffered huge losses with the continuous explosion of positions by early recycling companies. From 20 18 to 2020, the company lost 2.888 billion yuan,135438+06000 yuan and 3160000 yuan respectively. 202 1 relies on the non-recurring profit and loss ST joint construction to achieve profit, but the net profit after deducting non-profit is still negative 72 million yuan, and the non-pure profit has been losing money for five years.
The company Atomic Company Sichuan Time-sharing Advertising Media Co., Ltd. also produced financial fraud. According to the investigation by the CSRC, from 20 14 to 20 16, time-sharing media falsely reported its main business income of 6 178700 yuan and its profit of 60472500 yuan according to the methods of fabricating advertising service income and determining advertising service income in different periods. As ST Lian Jian was put on file by China Securities Regulatory Commission for investigation and evaluation of false statements, many investors filed claims against the company. Affected by this, the company's 2020 financial report was issued by Daxin Certified Public Accountants with an unqualified financial audit report on "important variability related to going concern", so it was awarded by St.
At this stage, after continuous selling, by the end of the first quarter of 2022, the company's total assets are only 654.38+0.47 billion RMB, which makes it easy to ask the Shenzhen Stock Exchange to suspend accounting listing. There are two key requirements for accounting for the suspension of listing of GEM stocks. First, if the annual report deducts non-pre/post-net profit and the operating income is less than RMB 654.38 billion, it will be *ST (it has been *ST, and the listing will be suspended immediately). If the index value is touched in two years, the listing will be stopped; Second, the total amount of financial audit assets in the first year is negative, and risk warning *ST is set. If this indicator value is reached within two years, sales will stop.
At this stage, the income from ST Lian Jian's main business is hardly lower than 654.38+0 billion, and the probability of starting is very small. But if we lose money now, the total assets will easily become negative. In the first quarter of 2022, st Lian Jian reported a loss of 654.38+065.438+0.87 million yuan.
At this stage, the actual controller of the company is treading on thin ice and may lose the decision-making power. ST 202 1 Annual Report shows that Liu and Xiong Jinyu, the major shareholders and controlling shareholders of the company, use their company shares to carry out share pledge equity financing. Because loans overdue was pledged in the loan and the loan could not be renewed, the relevant pledgee applied to the people's court to freeze part of the shares. By the end of 20021,100% of Liu's positions were pledged and 95% were frozen. Xiong Jinyu's position was frozen by pledge 100%.
On March 8, 2022, April 20, 2022 and May 6, 2022, ST Lian Jian issued Prompt Announcement on Judicial Auction of Some Shares of the Company Held by Controlling Shareholders and Concerted Actions, and Progress Announcement on Judicial Auction of Some Shares of the Company Held by Controlling Shareholders and Concerted Actions. Liu and Xiong Jinyu jointly own 65,438+0.33 shares per share of the company, accounting for 24% of the company's total market value, and the total shares to be resold by the judicial department are HK$ 836.5 billion, accounting for 65,438+05.04% of the company's total market value. However, these two auctions were unsuccessful.
Recently, the company announced that according to the information published online, the shares of the company's major shareholders and concerted parties will be auctioned again in June. The company said that if the judicial department resells successfully, it is likely to cause changes in the company's specific decision-making power. In addition to the above-mentioned judicial department's resale, there are also cases where other shares of the company's major shareholders will be auctioned by the judiciary. This judicial auction was interrupted due to the Internet technical problems of Ali judicial auction platform, and the Intermediate People's Court of Nanjing City, Jiangsu Province changed the judicial auction period of the above shares from June 6, 2022 10 to June 7, 2022 10.
In recent years, the share price of Saint Lian Jian has been falling continuously. At present, the stock price is higher than 20 15, down 92%, and the brand-new total market value is only about 2 billion yuan.