Huina technology dilemma: performance and share price diving

On the evening of December 22, Huina Technology (300609. SZ), which was listed on the gem, announced that on December 21, 2020, the company received Zhang Hongjun, the controlling shareholder, actual controller, chairman and general manager of the company, who was detained for bribery of non-state staff. < / P > < p > yesterday morning, Huina technology received a letter of concern, asking to explain the specific matters and relevant information of Zhang Hongjun suspected of bribery mastered by the company and Zhang Hongjun’s family. < p > < p > the staff of Huina technology Securities Department told the Red Star capital bureau that the latest situation is subject to the announcement, and Huina technology will reply to the attention letter of Shenzhen Stock Exchange within the deadline. < p > < p > yesterday, Huina technology closed down by 20% to close at 16.72 yuan / share. In fact, the share price of Huina technology has been falling continuously since it reached a stage high of 47.25 yuan / share in August this year. So far, the price of closing at 16.72 yuan / share has reached a new low in nearly two years, with a drop of more than 60% from the highest point. On the evening of December 22, Huina Technology (300609. SZ) announced that on December 21, 2020, it received a notice from the family members of Mr. Zhang Hongjun, the company’s controlling shareholder, actual controller, chairman and general manager. Mr. Zhang Hongjun was detained by Pudong branch of Shanghai Municipal Public Security Bureau for bribery of non-state staff. The relevant issues need to be further investigated by the public security organs. According to the announcement, up to now, the company is operating normally. The company held an emergency meeting of the board of directors on the afternoon of December 22, 2020. The directors attending the meeting unanimously agreed that Mr. Ding Yao, the director, would perform the duties of the chairman, general manager and legal representative of the company on behalf of Mr. Zhang Hongjun during the investigation. The management of the company will strengthen the operation and management to ensure the normal operation of the company. < / P > < p > according to tianyancha app and public information, Zhang Hongjun was born in 1973, graduated from Mathematics Department of Northwest University in 1996, EMBA of China Europe International Business School, EMBA of Wudaokou School of finance of Tsinghua University, and DBA of Changjiang business school. < p > < p > Zhang Hongjun has successively served as R & D project manager of Xi’an Datang Telecom Co., Ltd. and product director of Shanghai Jinglun Communication Technology Co., Ltd. He founded Shanghai Huina Network Information Technology Co., Ltd. in July 2004 and has been the chairman of Huina technology since December 2013. Ding Yao, acting chairman of the board of directors, was born in 1969. He successively served as the director and deputy general manager of Suning Electric Appliance, senior president assistant of Dalian Wanda Group, general manager of Wanda business management group and general manager of Wanda Department Store Co., Ltd. in June 2019, he joined Huina Technology as president. < p > < p > yesterday, the Red Star capital Bureau interviewed the staff of Huina technology securities department. The staff said that they were not clear about the latest situation, and Huina technology would reply to the attention letter of Shenzhen Stock Exchange within the deadline, subject to the announcement. < / P > < p > according to the public information, Huina technology was founded in 2004 and is a service provider for offline entity business consumer behavior data collection and analysis. It was listed on the gem in 2017. Huina technology’s main business is the promotion and layout of video passenger flow analysis system in the field of commercial retail, and its main product is video passenger flow analysis system. The registered capital of the company is RMB 75 million. According to the third quarterly report of Huina technology, in the first three quarters of 2020, the total operating revenue was 150 million yuan, a year-on-year decrease of 25.6%; the net profit loss attributable to the parent company was 14.981 million yuan, which was 50.441 million yuan in the same period of last year, failing to maintain a profitable State. During the reporting period, the gross profit rate of Huina technology was 55.1%, a year-on-year decrease of 6.3 percentage points, and the net profit rate was – 11.7%, a year-on-year decrease of 37.3 percentage points. < / P > < p > at the same time of the sharp decline of the performance, the stock price also went down all the way. Since August this year, the share price of Huina technology has been “cut by the waist”, falling from the highest of 47 yuan / share for several days. Yesterday, the price of Huina technology fell by the limit to close at 16.72 yuan / share, which hit a new low in nearly two years, with a drop of more than 60% from the highest point. On December 18, Huina technology announced that it had recently received a notice from Mr. Zhang Hongjun, the controlling shareholder and actual controller of the company, that part of the company’s shares held by Mr. Zhang Hongjun were further pledged, with a total of 1.81 million shares, accounting for 4.58% of its shares and 1.48% of the company’s total share capital. Plus the part pledged before, up to now, Zhang Hongjun has pledged nearly half of his shares, accounting for 13.59% of the total share capital of the company. < / P > < p > in addition to the pledge of major shareholders’ shares, the two shareholders are also reducing their holdings by clearing positions. On September 1 this year, Huina technology announced that Shanghai Xianghe Hongan, the second largest shareholder, plans to reduce its holding of no more than 7.27 million shares by block trading within six months, accounting for 5.99% of the total share capital of the company, which is also all the shares held by Shanghai Xianghe Hongan. < / P > < p > Disclaimer: the purpose of this article reprinted by CNFC is to convey more information, and it does not represent the opinions and positions of CNFC. The content of this article is for reference only, and does not constitute an investment proposal. Investors operate on this basis at their own risk. < p > < p > Chinanet is a state key news website under the leadership of the Information Office of the State Council and the management of China foreign language publishing and Distribution Bureau. Through 11 versions in 10 languages, the website publishes information 24 hours a day. 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