According to the “letter of concern on Qingdao Zhongzhong Cheng Group Co., Ltd. (GEM attention letter  No. 460)” recently released on the website of Shenzhen Stock Exchange, the cumulative stock price increase of Qingdao Zhongcheng Group Co., Ltd. (hereinafter referred to as “Qingdao Zhongcheng”, 300208. SZ) reached 118.59% from September 10 to October 12, 2020, which deviated from that of gem composite index in the same period During this period, it reached the abnormal fluctuation standard of stock trading twice. In the first half of the year, Qingdao medium distance group made a profit of 28.819 million yuan, of which the bad debts of accounts receivable were transferred back to 85.3502 million yuan. The third quarter report disclosed on October 12 showed a loss of 15.19997 million yuan in the first three quarters. < p > < p > according to the inquiry of China economic network, Qingdao medium range is a power equipment supplier specializing in power grid energy saving, environmental protection and power quality optimization solutions, with registered capital of 749 million yuan and legal representative of Li Xianggang. Qingdao Zhongcheng was listed on Shenzhen Stock Exchange on April 26, 2011. On September 9, Qingdao medium range closed at 8.23 yuan, down 0.84%, and the turnover rate was 5.75%. On October 12, the closing price of Qingdao medium range was 17.99 yuan, up 12.23%, and the turnover rate was 20.09%. During the period, the cumulative increase reached 118.59%. Among them, the deviation value of closing price increase for three consecutive trading days on September 11, 14 and 15 has accumulated more than 30%; and that on September 29, 30 and October 9 has exceeded 30%, which belongs to the abnormal fluctuation of stock trading. In the evening of August 7, the half year released by Qingdao medium range Engineering Co., Ltd. showed that its main business was construction business, trade business, complete machinery equipment, photovoltaic industry, consulting service, materials and others, land leasing, agency service and property service, accounting for 39.33%, 23.08%, 22.18%, 9.52%, 4.97%, 0.77%, 0.11%, 0.02% and 0.02%, respectively. In the first half of the year, the company realized operating revenue of 364 million yuan, a decrease of 32.10% over the same period of last year, and the net profit attributable to the shareholders of the parent company was 28801900 yuan, an increase of 229.50% over the same period of last year. According to the third quarter report released by Qingdao medium range on October 12, 2020, the revenue from January to September 2020 was 544 million yuan, a year-on-year decrease of 20.80%; the net profit attributable to the shareholders of the listed company was – 15.19997 million yuan, less than the loss of the same period of last year. Among them, the profit in the third quarter was – 44.0016 million yuan, down 10.36% compared with the same period of last year; the net cash flow from operating activities was 50.3911 million yuan, an increase of 107.27% year-on-year.
in September 9th, novel coronavirus and Philippines Qingdao integrated development project were announced in mid September 9th. The company again reminded investors that the relevant risks include: 1. Photovoltaic project is affected by the new coronavirus epidemic prevention and control measures. The company expects that the access interval of PV projects on opposite side substations can not be completed until September 30, 2020. The grid connected power generation of the project will be realized. 2. For the part of wind power project, the company is unable to carry out further construction at the original site due to the karst landform at the original site selected by ELPI. < / P > < p > on September 15, Qingdao medium distance announced the announcement of abnormal fluctuations in stock trading, which stated that the company has no items that should be disclosed according to the rules for listing shares on the gem of Shenzhen Stock Exchange and other relevant provisions, or plans, negotiations, intentions and agreements related to the matters; the information disclosed by the company in the early stage does not need to be corrected or supplemented What’s more. < / P > < p > in May 2014, the company acquired the nickel ore held by Pt. Madani sejahtera, with the corresponding intangible asset value of RMB 49.06 million; in July 2015, the company acquired the nickel mine held by Pt. Bumi morowa liutama company (the company holds 80% of the income right of the nickel mine), with the corresponding intangible asset value of RMB 59.9294 million. In addition to a small amount of nickel mining in Pt. Bumi morowa liutama in 2016, due to the fact that the rkef ferronickel smelting project of the company’s investor in Qingdao Indonesia comprehensive industrial park has not been put into operation in the past four years, the company has not carried out further mining and sales of the above-mentioned nickel ore, and the specific nickel ore reserves are also uncertain. < / P > < p > the management department of gem expressed great concern about the above situation, and asked Qingdao medium distance to verify and explain the following matters: (1) the trading party, account age, provision of bad debt, recovery method and amount of the above accounts receivable; (2) whether the large increase of Qingdao medium range stock price in the short term matches with the company’s operating performance; (3) combined with the impact of the epidemic and unfinished parts The situation shows the future construction plan and expected completion time of photovoltaic project; combined with ELPI’s financial status, settlement willingness and contract settlement terms, the possible settlement results of wind power project and its impact on the company’s performance are quantified; (4) Description of Pt. Madani sejahtera nickel mine and Pt. Bumi morowa acquired by the company Liutama company’s nickel reserves, taste and expected mining and sales plan; (5) to explain the company’s recent research by reception agencies and individual investors, whether there is any violation of the principle of fair disclosure; (6) to explain the company’s controlling shareholders, actual controllers, directors, supervisors and senior executives, shareholders holding more than 5% of the company’s shares in the latest month, and whether there is any in the next six months The reduction plan and the specific content of the plan. < p > < p > from September 10 to October 12, 2020, your company’s stock price has increased by 118.59%, which deviates greatly from the growth enterprise market composite index in the same period. During this period, it has reached the abnormal fluctuation standard of stock trading twice. Your company made a profit of 28.819 million yuan in the first half of the year, of which the bad debts of accounts receivable were transferred back to 85.3502 million yuan. The third quarter report disclosed on October 12 showed that the first three quarters had a loss of 15.19997 million yuan. Our department is highly concerned about this. Please check and explain the following items: < / P > < p > 1. Please add the counter party, account age, provision of bad debt, recovery method and amount of the above accounts receivable, regardless of the bad debt reversal factor of accounts receivable, the reasons for continuous loss of operating performance in the second half of the year and the third quarter, and whether the relevant adverse factors have been eliminated. Please add whether the large increase of your company’s stock price in the short term matches with the company’s operating performance and other basic conditions, and provide sufficient risk indication for the abnormal fluctuation of the company’s stock price in combination with the deviation of your company’s share price increase and P / E ratio from the listed companies in the same industry. Your novel coronavirus epidemic prevention and control measures in Philippines are not yet completed, as of September 30, 2020, so the wind power project has not received the notice from the new site. Your company has told the owner ELPI to terminate the wind power project, and
has announced that the ELPI will terminate the wind power project. The wind power project confirmed revenue of 1.017 billion yuan (including the gross profit of 415 million yuan) was discussed with ELPI, which may lead to the risk of offsetting the income and gross profit. Please explain the future construction plan and expected completion time of photovoltaic project in combination with the impact of epidemic situation and unfinished parts; quantitatively explain the possible settlement results of wind power project and its impact on the company’s performance in combination with ELPI’s financial status, settlement intention and contract settlement clauses, and fully reveal the relevant risks. < p > < p > 4 PT.MadaniSejahtera Nickel mine and PT.BumiMorowaliUtama The corresponding intangible assets value of nickel mine of the company (the company holds 80% of the income right) are 49.06 million yuan and 5.6 million yuan respectively, In addition to a small amount of mining in 2016, due to the fact that the rkef ferronickel smelting project of the investor in Qingdao Indonesia comprehensive industrial park has not been put into operation in recent four years, your company has not exploited and sold the above-mentioned nickel ore. Please give a detailed description of the reserves, grade and expected mining and sales plan of the above-mentioned nickel ore of your company. In combination with the construction progress, production capacity of rkef ferronickel smelting project and the possibility of mining and selling to other third parties, please explain the proportion of relevant business income and profit expected to account for the overall business income and net profit of the company, and fully reveal the relevant risks in respect of the business development. Please explain the recent research conducted by reception institutions and individual investors of your company, and whether there are any violations of the principle of fair disclosure; in combination with the contents of public media reports and investor consultation, check the reasons for the large increase of your company’s stock price in the short term, and state whether there is any unpublished material letter that may have a greater impact on the trading price of your company’s stock Information, market rumors, hot concepts, etc.; if any, please timely disclose or make targeted clarification. Please describe the situation of your company’s controlling shareholders, actual controllers, directors, supervisors and senior management personnel, and shareholders holding more than 5% of shares in the company’s stocks in the latest month, whether there is a plan to reduce shares and the specific contents of the plan in the next six months, whether there are insider trading, market manipulation and illegal trading of the company’s stocks, and report the transaction details and self inspection report. < / P > < p > 7. Please make a written explanation on the above matters, submit the relevant explanatory materials to our department for disclosure before October 15, 2020, and send a copy to the supervision department of listed companies of Qingdao securities regulatory bureau. < / P > < p > Disclaimer: the purpose of this article reprinted by china.com finance and economics is to convey more information and does not represent the views and positions of the website. This article is for reference only. Investors operate accordingly and bear their own risks. < p > < p > Chinanet is a national key news website under the leadership of the Information Office of the State Council and managed by China foreign language publishing and Distribution Bureau. Through 11 versions in 10 languages, the website releases information 24 hours a day, which is an important window for China to carry out international communication and information exchange.