The net profit of the company in the first three quarters nearly fell by half after the actual controller of Xingyuan material received the supervision letter

Xinpi is not timely, Xingyuan material actual controller receives supervision letter! The company’s net profit in the first three quarters was nearly halved. Chen Xiufeng, chairman of the board of directors, had just completed the reduction and cash out of about 315 million. The company’s performance declined. The company’s net profit in the first three quarters was nearly halved. Chen Xiufeng, chairman of the board of directors, had just completed the reduction and cash out of about 315 million. Recently, Chen Xiufeng and Chen Liang, actual controllers of Xingyuan material (300568), received the regulatory letter from Shenzhen stock exchange because they did not disclose the changes in equity as required. On December 30, Shenzhen Stock Exchange issued a supervision letter to Chen Xiufeng and Chen Liang, the controlling shareholders and actual controllers of Shenzhen Xingyuan Material Technology Co., Ltd. According to the regulatory letter, Chen Xiufeng and Chen Liang, as the controlling shareholders and actual controllers of Shenzhen Xingyuan Material Technology Co., Ltd. (hereinafter referred to as “the company”), due to passive dilution such as centralized bidding trading and block trading reduction, convertible corporate bond conversion and restricted stock grant, have increased their shareholding from August 16, 2019 to November 23, 2020 The proportion decreased from 26.49% to 20.81%, with a cumulative decrease of 5.68%. On November 4, 2020, their shares in the company decreased by 5%, but they failed to fulfill their reporting and announcement obligations in time in accordance with the provisions of the securities law and the administrative measures for the acquisition of listed companies. They did not disclose the short form report on changes in equity until November 27, 2020. At the same time, Chen Xiufeng did not stop trading as required and continued to reduce the company’s shares from November 4 to November 23, 675%. < / P > < p > the above behaviors of the two persons violate the provisions of article 1.4, article 2.3.1, article 2.3.10 and article 5.1.1 of the GEM Listing Rules (revised in 2020). Shenzhen stock exchange requires full attention to the above problems, draw lessons, timely rectification, to prevent the recurrence of the above problems. < p > < p > according to the data, Xingyuan material is mainly engaged in the R & D, production and sales of lithium-ion battery separators. Its products include dry separators, wet separators and coated separators based on dry and wet separators, which are mainly used in new energy vehicles, energy storage power stations, electric bicycles, electric tools and other fields. The company’s customers include Ningde times (300750), GuoXuan hi tech (002074), Yiwei lithium energy (300014), BYD (002594), LG Chemical, Murata, Samsung SDI, etc. < / P > < p > according to the data of the third quarter report, in the first three quarters of 2020, the company realized a revenue of 611 million yuan, a year-on-year increase of 18.52%; and realized a net profit of 103 million yuan, a year-on-year decrease of 47.55%. The company is faced with the embarrassing situation of increasing income but not profit. In the first half of 2020, the company’s net profit attributable to shareholders of listed companies was 71.3634 million yuan, down 58.44% over the same period of last year. < / P > < p > it is worth mentioning that Chen Xiufeng, chairman of the board of directors of the company, has just completed the cash out of about 315 million shares. According to the announcement on the completion of controlling shareholder’s share reduction issued by the company on December 24, the company disclosed the pre disclosure announcement on the plan of controlling shareholder’s share reduction (Announcement No.: 2020-119) on September 18, 2020. Mr. Chen Xiufeng, the controlling shareholder and chairman of the board of directors of the company, plans to within three months (i.e. from October 20, 2020 to January 2021) after 15 trading days from the date of disclosure of the above announcement 19) reduce the company’s shares by means of centralized bidding or block trading, with a total reduction of no more than 13457851 shares (accounting for 3% of the company’s total share capital). < / P > < p > on December 24, 2020, the company received the notification letter on the completion of share reduction plan issued by Mr. Chen Xiufeng. As of the announcement date, Mr. Chen Xiufeng’s share reduction plan has been completed. As of the announcement date, the shareholder Chen Xiufeng has completed the reduction of 13.4126 million shares in Shanghai stock exchange through competitive trading and block trading. Before the equity change, Chen Xiufeng held 20.33% of the shares, and after the equity change, the shareholding ratio was 17.34%. According to the announcement, the price range of this reduction is 22.14-29.67 yuan / share, and the cash out of this reduction is about 315 million yuan. < / 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. 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