According to the latest publicity news of the Zhejiang Market Supervision Bureau, Bull Group Co., Ltd. was fined 294.81 million yuan for reaching and implementing monopoly agreements with dealers.
was investigated. From 2014 to 2020, Bull Group was a nationwide converter, wall switch socket, LED lighting, digital accessories and other power consolidation channels for power consumption. The monopoly agreement with a limited price has limited market competition and harmed consumer interests.
The past 100 billion market value "socket king"
Bull Group was founded in 1995. It is headquartered in Cixi City, Zhejiang Province. The main converter, switch socket and other products. The total number of employees exceeds 10,000, known as the "socket king".
On February 6, 2020, the Bull Group was listed in A shares. The market value quickly exceeded 100 billion yuan, becoming the first company with a market value of 100 billion yuan in domestic lighting and electricity applications. As of the close of September 28, the stock price of Bull Group was 162.60 yuan, and the latest market value was 97.757 billion yuan.
was fined nearly 300 million
in May this year for violating the Anti -Monopoly Act . The Bull Group was applied for investigation for "suspected of reaching and implementing the monopoly agreement with the transaction".
Zhejiang Provincial Market Supervision and Administration Bureau believes that the Bull Group violates Article 14 of the "Anti -Monopoly Law of the People's Republic of China". The price of (2) the regulations of the minimum price of the third person to sell products ", which constitutes the behavior of reaching and implementing monopoly agreements with the trading counterparty.
In view of the Bulls Group's active cooperation during the survey, the HTML Group deeply understands the dangers of monopoly behaviors, and the Zhejiang Provincial Market Supervision and Administration Bureau decided to impose a fine of 9.827 billion yuan in the company's domestic sales in 2020, with a fine of 294.8 million yuan.
This penalty accounted for 3.23%of the company's recent period (2020, the same below), and the company's recent audited net profit was 12.74%. The penalty will eventually reduce the company's 2021 profit of 294.1 billion yuan.
Bull Group stated that after receiving an anti -monopoly investigation investigation, the company established the anti -monopoly compliance self -examination and rectification team with the chairman and president as the group leader, organizing internal self -examination, rectification and implementation.
Bull Group believes that the punishment will not have a significant impact on the company's production and operation and sustainable development. At present, the production and operation of the company and subsidiaries will be normal.
Content Comprehensive: CCTV Finance, China Securities News
Source: China Quality News
