Every reporter: Li Jianing Every editor: Wenduo
Picture source: Photo Network-501064030
*ST Iger (002619, SZ) fell on the eve of the disclosure of the annual report.
Due to the daily closing price of the stock being less than 1 yuan for 20 consecutive trading days, *ST Iger was officially delisted by the Shenzhen Stock Exchange on April 28, becoming the first game stock to be delisted this year, and also the first delisted game stock in the entire A-share market in 2022. The first "par value delisted" stock.
In addition to *ST Iger, which has been delisted, with the completion of annual report disclosure, *ST Youjiu (600652, SH), *ST Zhongying (002464, SZ), and *ST Chenxin (002447, SZ) Game stocks have also reached the edge of delisting.
In order to understand the specific situation, a reporter from " Daily Economic News " called the contact numbers of the board secretaries of the above three companies on the morning of May 13. *ST Zhongying's person who answered the phone responded to the reporter that the materials related to the hearing are being prepared by the company leaders and relevant colleagues. The specific results will have to wait for the judgment of the Shenzhen Stock Exchange after the hearing. At present, all the company's business operations are normal; *ST Chenxin answered The person on the phone told reporters that the company's materials for participating in the hearing are currently being prepared, and it is not convenient to respond to other questions; *ST Youjiu's phone number was not answered.
*ST Aige becomes the first delisted gaming stock in 2022
In 2015, Dragon Pipe Industry , a listed company mainly engaged in concrete pipes, acquired Aiglas for 2.5 billion yuan, entering the gaming track. At that time, Aigaras' core product was the phenomenal mobile game " Heroes of War ". The product's average monthly sales exceeded 100 million yuan for several consecutive months, and it had considerable influence in the global market. After
acquired Aiglas, the original Julong Pipe Industry gradually divested its original concrete pipe business. In 2017, Aigaras officially changed its name from Julong Pipe Industry to Aigaras after completing the performance of and betting on , and completed the transaction with the game channel provider Beijing Thumb Play Technology Co., Ltd. (hereinafter referred to as thumb play ) and the video platform Hangzhou Sou Acquisition of Souying Technology Co., Ltd. (hereinafter referred to as Souying Technology) to lay out the "pan-entertainment" field.
Wind data shows that from 2016 to 2018, *ST Aige’s net profits attributable to its parent company were 214 million yuan, 414 million yuan, and 670 million yuan respectively, representing year-on-year increases of 34.91%, 93.3%, and 61.77% respectively. After the glory of
, *ST Iger's situation took a turn for the worse. It was difficult for the listed company to produce new games, the thumb play market was compressed, and Souying Technology was involved in infringement disputes. In 2019, *ST Eger made provision for asset impairment of nearly 3 billion yuan, and the net profit attributable to the parent company suffered a huge loss of 2.555 billion yuan, a year-on-year decrease of 481.53%; in 2020, the net profit loss attributable to the parent company narrowed to 1.247 billion yuan, but the revenue was only 182 million yuan, a year-on-year decrease of 67.15%. At the same time, *ST Egger was investigated by the China Securities Regulatory Commission due to suspected letter disclosure violations.
Entering 2021, *ST Egger’s changes are even more dramatic. The company's original game team "left" one after another, and Zhu Xiongchun replaced Wang Shuangyi as the chairman of the listed company. Wang Shuangyi and others were suspected of misappropriating funds and were under criminal investigation. After the management change of
, *ST Iger shut down the game business and entered the steel trading field in an attempt to reverse the situation.
But judging from the results, this move failed to save the company from the edge of the cliff. On March 31, 2022, *ST Aige announced that its new trading business has also been suspended, and the company's various businesses are at a standstill; the 2021 performance forecast also shows that *ST Aige's net profit attributable to the parent company is still in loss, and operating Less than 100 million yuan was collected.
From March 4 to March 31, 2022, the daily closing price of *ST Iger's stock was lower than 1 yuan for twenty consecutive trading days, triggering the stock's termination of listing, and was finally listed by the Shenzhen Stock Exchange on April 28. Delisted.
Real estate sales, business transformation "hat" companies strive to "preserve the shell"
In addition to *ST Iger, which has been delisted, there are three gaming stocks that are also on the verge of delisting.
On April 29, 2022, *ST Youjiu and *ST Zhongying were respectively "received of delisting risk warnings". Their first annual report showed that the audited net profit in 2021 was negative and the operating income was less than 100 million yuan. ”, “The 2021 annual financial accounting report was issued an audit report with no opinion expressed by an accounting firm” involves the termination of stock listing; on May 5, *ST Chenxin was also issued a delisting risk warning. The 2021 annual financial report The audited net profit is negative and the operating income after deducting business income unrelated to the main business and income that does not have commercial substance is less than RMB 100 million. After receiving the Shenzhen Stock Exchange's "Prior Notification", the stock may be terminated from listing. .
*ST Youjiu was formerly known as Aizhi Shares and is one of the "old stereotypes". In 2014, Aizhi shares acquired Youjiu Times. The company's main business entered the dual-wheel drive of coal procurement and sales and game operations. The following year, it was officially renamed Youjiu Games. After
was merged into Youjiu Times, although the company's net profit increased in the short term, there was no significant improvement overall. After 2017, *ST Youjiu's net profit continued to suffer losses. However, in 2019, it achieved a net profit of 17 million yuan attributable to the parent company through the sale of real estate, allowing the company to barely preserve its shell when it was just one step away from delisting.
In 2020 and 2021, *ST Youjiu continues to suffer losses and has revenue of less than 20 million yuan, and is once again on the verge of delisting. As of the close of trading on April 29, *ST Youjiu was trading at 1.02 yuan per share, with a market value of less than 900 million yuan, a far cry from its peak market value of over 30 billion yuan in 2015.
*ST Chenxin, which has been deeply in losses since 2018, has also tried to save itself through transformation.
In 2020, *ST Chenxin acquired Shanghai Huixinchen Industrial Co., Ltd., an LCoS chip developer. In addition, the listed company also established Shanghai Luoxiu Technology Co., Ltd. (hereinafter referred to as Luoxiu Technology) to start smart printing business. In 2021, Luoxiu Technology contributed approximately 101 million yuan in revenue, becoming the company's main revenue pillar.
If calculated based on this, although *ST Chenxin's net profit continues to suffer losses, the company's operating income will exceed 100 million yuan in 2020 and 2021, and it is expected to "preserve its shell". However, the company's annual audit accountant Grant Thornton Accounting Firm believes that the company's paper business has not yet formed a stable business model and should be regarded as "business income unrelated to the main business" and included in the deduction of operating income in 2021.
The "Prior Notice" issued by the Shenzhen Stock Exchange shows that *ST Chenxin's operating income in 2021 after deducting business income unrelated to the main business and income without commercial substance is 36.7772 million yuan, which involves the termination of stock listing.
Unlike *ST Youjiu and *ST Chenxin, which are in the red, *ST Zhongying's annual report shows that the company's net profit attributable to the parent company in 2021 has turned a loss into a profit, but the stock was affected because the accounting firm issued an audit report in which it was unable to express an opinion. Termination of listing situation.
In addition, the company’s chairman Li Hualiang was investigated by the China Securities Regulatory Commission at the end of 2021 for suspected disclosure violations, and the investigation is still ongoing.
It is worth noting that according to the relevant provisions of the "Self-regulatory Supervision Hearing Procedure Detailed Rules", the above-mentioned companies have the right to apply for a hearing within five trading days from the date of receipt of the notification. Announcements from listed companies show that *ST Zhongying and *ST Chenxin have submitted hearing applications to the Shenzhen Stock Exchange.
Daily Economic News
