Among them, 10.74% of the equity has entered the judicial auction/selling process, including 4.69% of the first phase of Bohai Trust, that is, 130 million shares to be re-augured this time, 153 million shares of 5.53% of the second phase, and 0.52% of the third phase that has not

It is reported that Huaying Bermuda holds about 700 million shares of Huaying Technology , accounting for 25.37% of the total share capital of Huaying Technology . Among them, 10.74% of equity has entered the judicial auction/selling process, including 4.69% of Bohai Trust Phase I, that is, 130 million shares to be re-augured this time, 5.53% of 153 million shares in the second phase, and 0.52% of 0.52% that have not yet been executed in the third phase.

Fujian Electronic Information Group is a wholly-owned subsidiary of the State-owned Assets Supervision and Administration Commission of Fujian Province. It holds a total of 14.23% of the company's shares with the joint actors, making it the second largest shareholder of the company.

Although Huaying Bermuda is the largest controlling shareholder of Huaying Technology , its actual controller is Zhonghuaying.

In February last year, after China Art Control announced that it would cut off the "father-son relationship" with Huaying Technology , nearly 6 billion yuan of receivables and performance compensation had not been paid off. In September of the same year, China Screening Management suddenly declared bankruptcy again. Huaying Technology , which has been unfavorable in the past year, was hit by the actual controller after a huge loss in performance.

As early as the early 21st century, my country's Taiwan LCD panel industry once formed the so-called "five tigers of panels" pattern composed of AUO Optoelectronics, Qimei Electronics, , Guanghui Electronics, and Hanyu Color Crystals. China's mirrors were once in a glorious situation.

"In the field of medium-sized LCDs, China Image Tube is still relatively good, especially in car-mounted areas." said Liu Xu, senior consultant at CIDI Consulting, . Unfortunately, in the face of the rapidly changing ecology of the display industry, China Imager, which has a strong family group color and burden, is in a difficult state of response. The decline in product competitiveness, the lack of technological advancement and the increase in consumption caused by internal strife have made its development increasingly bleak.

After 48 years of its establishment, China Arts End ended its panel career with the announcement of bankruptcy.

Faced with the disaster of the controlling shareholder's bankruptcy, Huaying Technology is facing huge losses. The "2019 Annual Performance Forecast" released by Huaying Technology shows that the net profit is expected to lose 2 billion to 3 billion yuan. One of the main reasons for the performance changes is that "affected by the reorganization of China Yingguan Co., Ltd. (now applied for bankruptcy) incident, the company's module business operating income has dropped significantly compared with 2018."

The bankruptcy of China Huaying Technology also cut off the connection with Huaying Technology , which not only means financial losses, but more importantly, it completely destroyed the business model of this listed company.

public data shows that from 2015 to 2017, Huaying Technology 's sales revenue to China Artificial Pipeline accounted for more than half of its revenue, and the purchases made to China Artificial Pipeline Pipeline also accounted for nearly 1/4. Huaying Technology is extremely dependent on China Image Tube.

Because the major shareholder "withdraws" in disguise, the board of directors is currently nominated by Fujian Electronic Information Group as chairman. However, among the 311 board members of Huaying Technology, there are currently 7 independent directors, so no shareholder can control the board of directors. Some analysts said that in terms of the ownership of the company's control, it is also necessary to judge whether the company's equity held by Huaying Bermuda was actually auctioned (selled).

"When Huaying Bermuda's equity is diluted, if Fujian Electronic Information Group, which is backgrounded by the State-owned Assets Supervision and Administration Commission, it may be a good thing for Huaying Technology ." Liu Ting explained that after changing from a Taiwanese enterprise to a state-owned holding, it may change the current development rhythm and direction of Huaying Technology , and even gradually reverse the current decline.