Subsidiary transferred to original controller, GQY video reorganization is still on the way

Subsidiary transferred to original controller, GQY video reorganization is still on the way
On the morning of May 26th, GQY Video received the inquiry letter issued by the Shenzhen Stock Exchange. The GYQ reorganization is still on the way. The allocation of the three major subsidiaries such as Chicoway Intelligence, GQY Automation, and New Epoch Robots was transferred to the original actual controller.Guo Qiyin attracted the attention of Shenzhen Stock Exchange.  The reorganization is still on the way, and the transfer of the subsidiary ‘s attention back to April 23, 2019.In the agreement, it is planned to transfer Ningbo Gauss 56 held by Guo Qiyin and Yuan Xiangyang.490% and 11.706% equity, which indirectly controls 12,599 listed companies held by Ningbo Gauss.600,000 shares, accounting for 29% of the total share capital of listed companies.72%.The equity transfer amount is 800 million yuan.After the transaction is completed, Ningbo Gauss will remain the controlling shareholder of GQY Video, and Jinkong Technology will become the indirect controlling shareholder of GQY Video.  The controlling shareholder of Jinkong Technology is Kaifeng Jinkong Investment Group Co., Ltd., which directly holds 70% of the shares of Jinkong Technology, and the actual controller is the Kaifeng Municipal People’s Government.  The state-owned capital investment, financial control technology is for the shell resources of GQY video.At the same time as the equity transfer, both parties also directly agreed on matters related to asset replacement.GQY Video will own all the shares of Ningbo Qikewei Intelligent Technology Co., Ltd., Ningbo GQY Automation System Integration Co., Ltd., and Shanghai New Epoch Robot Co., Ltd. to Guo Qiyin and his wife.  The 2019 annual report shows that GQY videoconferencing has achieved an operating income of 8,657.360,000, a decrease of 56 every year.81%, the net profit attributable to shareholders of listed companies is 1519.710,000 yuan, a year-on-year decrease of 19.02%, but the net profit attributable to non-deductions representing its true profitability is -1946.760,000 yuan.  Non-recurring gains and losses are the key to GQY Video ‘s profitability. The number of reports. GQY Video will allocate the three major subsidiaries of Chicoway Intelligence, GQY Automation, and New Age Robot to the original actual controller Guo Qiyin.Investment income, the investment income is the first priority for the GQY video report to gradually achieve profitability.  This matter has aroused the concern of Shenzhen Stock Exchange. In the inquiry letter of Shenzhen Stock Exchange ‘s annual report, GQY was requested to explain whether the above-mentioned subsidiary ‘s assignment and the original actual controller ‘s transfer of control are a package, and whether there are other undisclosed interest arrangements that should be disclosed.related question.  In the past ten years of listing, it has made a profit of 67 million. The company said that its main business remains unchanged. In 2010, GQY Video was launched in the capital market.At that time, GQY Video’s securities were referred to as Ningbo GQY.Because the stock abbreviation is the initial letter of the company’s actual controller Guo Qiyin, the company is called the most narcissistic listed company.  The performance of GQY Video has not been outstanding since its listing.After going public in 2010, GQY Video has been profitable for 6 consecutive years, and the total net profit for these 6 years is 15,508.60,000 yuan.In 2016 and 2017, GQY videocontinuously continued, replacing 104.58 million in 2017 alone.After two years of continuous losses, the Shenzhen Stock Exchange may decide according to the Shenzhen Stock Exchange GEM Listing Rules that “listed companies have undergone continuous conversions over the past three years (based on the audited net profit for the year disclosed in the annual financial accounting reports for the last three years).”Suspend the listing of its stocks”, GQY video depends on the 2018 performance.  On April 5, 2019, GQY Video released its 2018 annual report. From the perspective of financial data, GQY Video achieved revenues in 20182.2 million yuan, an annual increase of 47.15%; the net profit attributable to shareholders of the listed company is 1876.560,000 yuan, turning losses into surpluses and realizing the protection.But its net profit attributable to shareholders of the listed company’s non-recurring gains and losses is -5263.260,000, therefore, the key to GQY Video’s ability to reverse profitability lies in non-recurring profit and loss items.  The 2019 annual report shows that the key to turning GQY video into a profit lies in non-recurring gains and losses.The attributable net profit after deduction is still negative. Furthermore, the sustainable profitability of GQY Video is still worrying.  In the process of transferring equity, in December 2019, GQY Video and Yulongxing Co., Ltd., Jinhui Hong Kong Group Co., Ltd. and Henan Jinhenghui Energy Technology Development Co., Ltd. signed the “Letter of Assignment and Transfer”, intending to acquire Kaifeng Jinsheng Thermal Power Co., Ltd.% Equity.Jinsheng Thermal is an enterprise whose main business is heating and construction of heating facilities.  In the inquiry letter of Shenzhen Stock Exchange’s annual report, it requested GQY video to explain the continuous and current progress of supplementing the above-mentioned distribution matters, whether there have been major changes, and subsequent arrangements.  On the evening of May 22, GQY video announcement revealed that it was planned to change the company’s business scope according to strategic planning and business needs, and at the same time amend the “Articles of Association” to add “all kinds of engineering construction activities; construction engineering design; fire protection facilities engineering; municipal facilities management; Engineering management services.”On the morning of May 26th, Sauna and Yewang called GQY Video Dong Secretary Office. The staff told Sauna and Yewang that changing the company ‘s business scope does not involve capital injection and major asset reorganization matters.The video has not changed.Corresponding author Zhang Yanhong Sun Yong proofreading Wang Xin

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