Introduction
Shanghai general day buckles blame net profit to be returned restrospect to is far away to be worth for the last time 2003, in those days Shanghai general day gains business income 2 billion yuan, obtain of 53 million buckle blame net profit and the profit of net putting in a mother 's charge of 51.5 million.
1
A in infrequent " have a sharp sense of integrity "
A few days ago, a the major issue that produced an unusual sensation, actually the company wants to retreat city actively!
On March 21 evening, *the general on ST (600680.SH) release announcement to say, the company plans to recall actively with means of shareholder plenary meeting A with B the stock is in Shanghai of the stock exchange trade, be in obtain Shanghai stock exchange to stop appear on the market after approval, turn and apply for to transfer a system in share of countrywide medium and small businesses two nets reach the company that retreat city board piece (common says old 3 board) hang out one's shingle.
Once this announcement is given out, caused the attention cover of all media immediately. Because this is in field of A stock market, be too infrequent really, rarely sees since have A since, this is the 2nd company that returns city actively, a company that returns city actively calls 2 heavy reshipment, retreated city 2015.
Because be in A appear on the market the threshold is higher, appraise cost is very high also after appearing on the market, financing is relatively convenient, so once a lot of companies appear on the market after the success, won't retreat city easily, even if should retreat city, also want method " housing " look for a next homes to sell a good price.
Say to resemble the general on *ST having understanding so so, wanting the company that returns city actively is not much really see.
Actually, because be in 2015, mixed 2016 successive 2017 3 years of deficit, *stock of the general on ST already appeared on the market at be being suspended by May 2018. Current, *year report had not announce the general on ST 2018, but its predict, the management outstanding achievement 2018 is the company deficit.
According to relevant provision, even if retreats city not actively, after 2018 annals is announced, *the general on ST also will spark stop compulsively appear on the market case.
Generally speaking, a lot of companies encounter this kind of situation, basically be to adopt can procrastinate, pull the last moment to go again. And the general on *ST goes so flatly, the reason that the company gives out is to be protective investor interest, avoid to retreat city to arrange period share price is fluctuant in giving, small shareholder causes an effect.
Hear this argument, little ticket is to touch really, did not encounter this kind to be able to be for ages small medicinal powder the conscience of the consideration appears on the market company, once the company is entered,should know to retreat city to arrange period, 10 8 drop stopping that do not stop, resemble *ST Jean, 30 trade of day retreat city to arrange period accumulative total drops 77.27% , among them successive 18 trade day drops the ability after stopping is opened.
Though such, *the partner a total with the current general on ST thirty-six thousand five hundred, below this kind of circumstance, *the general on ST can retreat city actively to listen successfully even other the idea of 30 thousand much partner
Divide the worry of other shareholder for solution, *very close still ground is the general on ST in small shareholder put forward to quit plan.
According to the program that the general on *ST offers, except charge a day of partner China general Information Industry Inc. (stock of next day weighing general) outside, *the other collectivity partner of the general on ST will have cash option, travel authority price is: A every 6.74 yuan; B every 0.416 dollars.
Little nevertheless ticket notices, *before stock of the general on ST suspends appearing on the market the last trade the closing quotation price of day is every 7.37 yuan. The travel authority price of option of shareholder cash reserve in a bank should compare closing quotation price low on 6.81% .
To the general on this *ST the explanation says, this second cash option chose a board of directors to discuss appear on the market through be being stopped actively before item 30 trade of day company stock trade on average the price, during stopping card and time-out to appear on the market considering Shanghai general day, relevant index reachs grail drop circumstance, actually this cash option had offerred the excessive of certain level price.
According to announcement, of this second cash option offer just control a share of partner general sky for the general on *ST. The data shows, general day stock is limited company of group of industry of Chinese Pu Tianxin breath (general day group) subordinate wholy-owned subsidiary, and general day group is national endowment appoint the wholy-owned and state-owned company of directly under.
If say other shareholder does not agree with this solution, so the other shareholder of the general on *ST will cannot acquire cash option, and after waiting for annals to announce, *the general on ST will face the destiny that is stopped compulsively to appear on the market.
That is to say the general on *ST will be entered in front mention retreat city to arrange period, if such looking, *the person that the cash of the general on ST is chosen counterpoises or have certain appeal.
Of course also partner feels, resemble what the general on *ST is having background of center look forward to so appearing on the market the company calculates retreat city, the possibility that comes back later is very large also.
But shareholders can not want too simply, according to active policy regulation, appear on the market afresh must have " profit of net of 3 financial year all is plus recently and accumulative total exceeds a RMB 30 million yuan, net profit is not with deducting regular around of increase and decrease is inferior person for computational basis " condition.
That is to say, after calculating the general on *ST to retreat city, outstanding achievement can be improved, after also getting 3 years the most quickly, more go up with *ST what is more,the rather that for the actual condition with current general, want to come back afresh, the hope is not big really.
2
Do not want to retreat city sincerely, defend case 14 years
*The general on ST is home's earliest communication equipment creates one of companies, landed A 1993, the name before is Shanghai general day.
Little ticket been gatheringing up discover after the associate with outstanding achievement of Shanghai general day, this company can be maintained now is a miracle simply, retreat city is advisability really actively now to lift.
Little ticket notices, shanghai general day has buckled blame net profit 14 years continuously to was lost, spoken parts in an opera is advocate course of study is already continuous 14 years of deficit.
Shanghai general day buckles blame net profit to be returned restrospect to is far away to be worth for the last time 2003, in those days Shanghai general day gains business income 2 billion yuan, obtain of 53 million buckle blame net profit and the profit of net putting in a mother 's charge of 51.5 million.
Arrived 2004, drop as business income 1.6 billion yuan, drop compared to the same period 20% , shanghai general day buckles blame net profit to begin occurrence deficit, deduct loss of blame net profit in those days 19 million yuan.
Subsequently the outstanding achievement of Shanghai general day is maintaining all the time buckle blame net profit to be negative, ten years changeless, a is returned after who should say Shanghai general day can be in 3 years so appear on the market, little ticket does not believe really.
Is day of that Shanghai general how to hold to what just retreat city now all the time?
Nature is those who use is A li of public unexpected tricky move that defend case, "One year gain has a deficit one year, deficit one year again gain " .
There may be an error in specific time of course, nevertheless Shanghai general day basically is for years so so come over.
Cite a case for, 2009, shanghai general day to avoid loss, expressed a company that calls Shanghai general day the network, and day network can be in general to fetch bigger net gain in those days, also not be good because of management outstanding achievement, sold factory building in those days because of it however.
Saw, had arrived to need subsidiary to sell workshop ability the degree of subsist 2009.
A lot of people may have doubt, shanghai general day is so old in the past came over, defend case so successful, how to maintain no less than going to in last few years?
3
Protect housing failure, fail to build a mound for want of one final basket of earth-fall short of success for lack of a final effort
Actually, shanghai general day also is not not to want to defend case, it is fail to build a mound for want of one final basket of earth-fall short of success for lack of a final effort really actually.
Appeared on the market 2017 company business outstanding achievement owes beautiful, because this is early with respect to deploy the plan that sells asset. Shanghai general day released announcement to say on August 26, 2017, the company prepares with land contributive and adscititious trade through correlation sell subsidiary will defend case.
In addition, shanghai general season still increases through other way blame is regular accrual, be no risk at all originally, regrettablly the problem goes was in old on the brushstroke old Zhang before.
Day of general of the Shanghai end 2012 with form of particularly great declared, released company wholy-owned subsidiary general day the sources of energy and Zhejiang defend what sign jointly greatly " energy management builds a contract " announcement, the core content of construction is to be located in celestial being of stage state city to reside prefectural celestial being to occupy new developed area " defend century city greatly " project of center of the sources of energy.
According to announcement, this contract total covalence is worth 973 million yuan.
Saying the company can undertake a so big project normally is meddlesome, can say Shanghai general day counts on this project to turn over.
But, this contract is put in hidden trouble, according to this contract, zhejiang defends a need to give general day the sources of energy the cost of technical information service of 30 million greatly, 943 million yuan a huge sum of money will be in the others to did not pay in installment, among them the latest trait winds the contract the paragraph just should pay to December 31, 2019.
Can say the problem goes to go up in this contract, arrived 2017, because the cooperative square Zhejiang of the contract defends estate company aptitude to owe beautiful greatly, in occurrence coast of estate of 34 lines city when appeared capital problem. This brings about Shanghai general the ten Heavenly Stems vivid, do not take money however.
Then Shanghai general day one paper indictment defends Zhejiang greatly told a court, half an year signed up for the basis 2017, this lawsuit amount is as high as 590 million yuan. But the other side does not have money,do not have money namely, accuse a court to still also do not have money.
This caused Shanghai general day to be in annals is medium 2017 need plan carries asset to reduce value loss, caused a company directly in those days money signs up for deficit, be forced to suspend appearing on the market, protect housing failure from this.
4
Do not think actually, actually I want to stay
If say the problem of Shanghai general day is outstanding achievement problem merely, with it as one used to do the unique skill that maintain an order, estimation still can be held out, but house leakage slants,meet even overcast and rainy, the company encountered bigger trouble.
March 2018, *the general on ST gets card watch meeting Shanghai superintendency bureau " administrative punishment decides a book " , say the company is in the holiday was made in annals 2014, empty increases profit amount 9.98 million yuan, occupy the general on *ST total of profit of amalgamative 2014 financial forms for reporting statistics 73.68% thirteen million five hundred and forty-nine thousand six hundred yuan, subsequently large quantities of investor begin dimension authority claim for compensation.
After cap is opened, hand in place to investigate discovery, *the general on ST actually in successive years makes a holiday.
*The general on ST in all empty adds 2013 year to did not allocate profit to make an appointment with sixty-four million and eighty-eight thousand eight hundred yuan before, part empty is added 2013, 2015, put in parent net profit 's charge to make an appointment with six million four hundred and seventy-one thousand five hundred yuan 2016, three million and forty-three thousand one hundred yuan, one million and thirty-four thousand nine hundred yuan, hold absolute value of profit of net profit of company of the corresponding period 42% , 3.2% with 0.2% . In the meantime, afore-mentioned violating compasses behavior brings about audit of 2017 year built-in control to report by in office of accountant of careful numerous annulus issued negative opinion.
In December 2018, because empty adds profit to wait,bring about a company to be put in multinomial letter to approve violate compasses problem, *person of nearly 20 company relevant liability gains ground to receive on ST hand in a disciplinary treatment.
Calculate the place that be handed in to discover finance affairs makes a holiday, still did not give up the resolution that the general on *ST wants to defend case.
*Announcement showed the general on ST in November 2018, the company plans to make over company of subsidiary hill Qi the equity of 73.2% , company of Qi of hill of hold of the company after making over the equity of 5% , with alleviating company cash flows tight situation.
Nevertheless up to now still unmanned receive dish.
From *ST the associate with of general can see, the company retreats city actively this is helpless really lift, sing in a song that resembles Zhou Huajian in that way, "Do not think actually, actually I want to stay. Actually I want to stay..
