annual report is difficult to produce, Yan'an Bikang (002411)$, which has suspended trading of for two months, will finally resume trading of on July 1st. However, the "star and hat" will be used as a delisting risk warning. The main reason is that The company's nearly 2.8 billion illegal guarantees have not been substantially released. At the same time, the accounting firm also issued a "non-standard" opinion on the annual report that was delayed for two months.
The company disclosed 37 announcements at once last night (June 29). The more important ones include the 2021 annual report, the first quarter report of 2022, the asset impairment announcement, the accounting error correction announcement, and the explanation of the guarantee matters. , explanation of non-standard opinions, etc. Judging from the content disclosed in each announcement, the problems that the company should solve, such as illegal guarantee issues, 18Bikang debt redemption issues, capital occupation issues, etc., seem to have basically not been resolved, but " The stock price trend of after the opening of tomorrow has to be worrying.
Among them, in addition to the "non-standard" opinion issued by the accounting firm, director Cui Qingwei does not guarantee the authenticity and completeness of the annual report content. Well, the annual report that has been produced for two months may still have a lot of water.
But no matter how reliable the annual report is, let’s take a look first. Revenue increased by 10.43% year-on-year, and net profit increased by 24.45% year-on-year. The main profit comes from the new energy business, that is, the lithium hexafluorophosphate business, and the pharmaceutical business has lagged behind.
The reason why the "non-standard" opinion was issued is that in addition to the illegal guarantee issues of nearly 2.8 billion, there are also the occupation of funds by controlling shareholders and related parties, capital transactions without commercial substance , and the inability to confirm the true accuracy of accounts receivable. , fixed assets, projects under construction and other data are missing, and the authenticity and accuracy cannot be confirmed. Well, it's either a violation or the authenticity and accuracy cannot be confirmed. Maybe you can just look at the financial report and not take it too seriously.
Other matters worth noting include:
There has been no progress in the regulatory investigation on May 13, 2022, or it may still be a major risk point for the company. At present, shareholders have begun to [apply for compensation], mutual After closing, you can leave a private message at 666 or close "Stock Action" to participate.
The company has made nearly 1.2 billion asset impairment provisions this time. The company's net profit is about -820 million, and it achieved a profit of 270 million in the first quarter. It can be regarded as a little comfort after the "financial bath".
The current total guarantee amount of the company reaches 12.2 billion yuan, which is 160% of the company's net assets and exceeds the company's current market value. There are still guarantee risks.
At the same time, the company also issued a notice to convene the annual shareholders' meeting, which is expected to be held on July 20 at the company's Securities Affairs Department (39th Floor, Wynn International Financial Center, No. 6 Jinye 1st Road, Yanta District, Xi'an City, Shaanxi Province). In view of the company's current problems and difficulties, we hope that the company's management can make an explanation at the shareholders' meeting and give an explanation to the investors. Friends who are interested in participating [please leave a private message at 888 or close "Share Action Action" after contacting us], you can Go to the meeting together or as an agent.
