October 30th, Jiangxi Zhengbang Technology Co., Ltd. (hereinafter referred to as " Zhengbang Technology ") released its third quarter report for 2022.
Financial data shows that Zhengbang Technology achieved revenue of 3.298 billion yuan in the third quarter, a year-on-year decline of 75.19%; net profit attributable to shareholders of listed companies was -3.358 billion yuan. In the first three quarters, Zhengbang Technology achieved revenue of 13.375 billion yuan, a year-on-year decrease of 66.54%; a net loss of 7.643 billion yuan.
As a comparison, New Hope 's net profit in the third quarter was 1.433 billion yuan, and increased 147.99% year-on-year. Muyuan shares achieved a net profit of 8.196 billion yuan in the third quarter, an increase of 1097.4% year-on-year, turning losses into profits month-on-month.
According to the financial report, Zhengbang Technology has currently overdue interest-bearing financial debts with principal of 1.384 billion yuan and interest of about 200 million yuan. As of the date of disclosure of the report, Zhengbang Technology has entered the pre-reorganization process and will communicate with creditors to properly handle debt overdue matters.
"Financial World" weekly also found that at the same time as Zhengbang Technology released its financial report, it also disclosed an announcement entitled "the court ruled to accept the reorganization of a wholly-owned subsidiary." The announcement shows that Zhengbang Technology's wholly-owned subsidiary Jiangxi Zhengbang Breeding Co., Ltd. (hereinafter referred to as " Zhengbang Breeding ") has received the "Civil Ruling" on the acceptance of the reorganization of Zhengbang Breeding.
In addition to Zhengbang Technology and its subsidiaries entering the reorganization and pre- reorganization program , as of the end of the reporting period, Zhengbang Technology had overdue commercial bills of approximately RMB 1.2 billion. The amount involved in the lawsuit reached 2.324 billion yuan, of which the amount involved in the defendant was 1.951 billion yuan, and the amount involved in the plaintiff was 373 million yuan.
In addition, the announcement also stated that the Shenzhen Stock Exchange will implement a risk warning for Zhengbang Technology's stock in accordance with relevant regulations. If Zhengbang Technology fails to reorganize, there will be a risk of being declared bankrupt. If the company is declared bankrupt, according to relevant regulations, the company's stock will face the risk of being delisted.
As of press time, Zhengbang Technology's stock price was 3.66 yuan per share. Since 2022, the stock price has fallen by 62%, with a total market value of only 11.6 billion yuan. (Text | "Financial World" Weekly Zhang Zhaoxi)
