Listed companies selling frenzy: 11 sets in Beijing, 8 sets in Shanghai, 401 sets in trench
Near the end of the year, listed companies with a thin family began to make profits for their annual performance again. In particular, some loss-making ST and * ST companies have "tearfully" sold real estate. In order to renew their lives.
On the evening of December 13, three more companies joined the housing sales force, announcing the sale of real estate. So far, since the beginning of the fourth quarter, there have been nearly 20 A-share and Hong Kong listed enterprises selling houses to renew or thicken their performance. The most likely listed company to sell this year is Hippocampal, selling 401 units twice, with netizens teasing that "one company is the equivalent of a developer." Those who sell pears want to sell houses, and those who are in a hurry also give parking spaces. Many companies also go to great lengths to sell houses.
Although selling a house is a fast way to keep the shell, it is not low in practice, such as * ST travel for a long time to sell 8 sets of real estate, to attract prompt inquiry from the exchange. Industry insiders warned that investors are concerned about a series of hype risks in the ST sector, but also pay attention to the short-term shell success of the company`s follow-up performance is not necessarily optimistic.
Three companies announced the sale of their houses in one night, and they were listed on the market three times in 27 years by ST`s brand new good.
On the evening of December 13 th, a number of enterprises released the news of selling houses, saying that they "invigorated the assets of the company."
New good announcement, in order to invigorate assets and improve the efficiency of the company`s resource utilization, the subsidiary of the company intends to sell 11 sets of real estate on the 27th floor of Hongying Building held under its name to Shenzhen Boya at a total price of 25 million yuan and sign the transfer Agreement with it. The sale of assets can improve the utilization rate of the company`s assets, the company is expected to increase revenue of about 20 million yuan.
Since listing, Xinhao has undergone eight renaming, involving securities used to include 07 shares, ST 07 and so on. Since January 2017, the company has planned a restructuring. During this period, many new announcements on the progress of the restructuring have been issued, but the subject matter of the restructuring has not been disclosed.
Between 2014 and 2018, new good operating income plummeted from 198 million yuan to 42.4438 million yuan, while net profit soared from a loss of 30.1939 million yuan to a loss of 196 million yuan. Although profits of nearly 110 million were made in 2015, 2016 and 2017, they were not worth the loss of nearly 200m in 2018.
Since 2019, with the exception of a first-quarter profit of 8.89 million, Xinhao has lost two quarters in a row. Loss of 12.99 million yuan in the second quarter and 5.2 million yuan in the third quarter. According to the third quarterly report, in the first three quarters of this year, the company achieved revenue of 31.0744 million yuan and net profit loss of 9.31 million yuan, down 3.68 percent and 7.50 percent respectively from the same period last year, and the total assets of the company fell 7.36 percent from the same period last year.
At the same time, there are corporate accounts frozen and assets seized as a result of litigation. Among them, the company in China Merchants Bank Shenzhen branch opened accounts were frozen more than 2200 yuan, sealed and waiting to close real estate 7.
The sale is expected to generate net profit of about 5.5 million yuan -6.5 million yuan.
Harson shares, which listed on June 29, 2016, posted three annual reports (2016-2018) after listing showing a decline in revenue and an increase in losses. In 2017, Harson lost 11.7663 million; in 2018, it rose to 114 million.
Dongfang Tantalum Industry also announced on the evening of December 13 that the company intends to publicly sell 11 sets of real estate, in Beijing Qianhe Home District, which is owned by the company, through the listing of property rights trading institutions, and is expected to increase the current disposal income by about 30 million yuan.
More than 10 listed companies sell houses in piles, the main purpose of which is to preserve the shell.
According to incomplete statistics, since the fourth quarter of this year, more than a dozen listed companies have issued housing sales announcements, in addition to the above-mentioned companies, there are Xiangli shares, Baochang Electric, Yuntianhua, Onli Education, Zhongcheng shares, * ST Zhongan shares, Shuguang Education, Guofa shares and so on.
Listed companies that issued housing sales announcements this year (incomplete statistics)
Statistics show that a number of listed companies in the first three quarters of this year deducted non-net profit are negative. Some listed companies sell real estate, directly for the purpose of protecting the shell. However, for some listed companies, in addition to selling houses to renew their lives, they may also recover funds through the sale of real estate, or increase corporate profits and so on.
Risk forecasts for 55 companies this year are likely to suspend listings, the highest in recent years, according to third-quarter results, according to Wind data. In the same period last year, the number of companies that were likely to suspend listings was 17. As of December 12, 2019, there are 12 A-share listed companies that have been forced to delist or are on the verge of delisting. Driven by shell pressure, many ST companies start shell preservation at the end of the year.
In fact, in 2016*ST Ningtong B sold the shell of the``one famous`` , after that, the A shares are playing every year by the sale to thicken profits or turn the shell.
On December 8, Bishengyuan, the first stock of weight loss tea listed in Hong Kong, announced that it intended to sell land and buildings owned by Beijing Shenhui Biyuan Cloud Computing Technology Co., Ltd., at a price of 463 million yuan. According to the data, the latter is the Sun Company of the former.
At the end of November, *STZhongan announced that it planned to sell 701 realestate, Block D, Building 5, Binhai Avenue, Nanshan District, Nanshan District, Shenzhen for a price of 36 million yuan, with a floor area of 949.12 square meters. This disposal is mainly aimed at resolving the liquidity risk of the company and reducing liabilities. It is expected to have a profit and loss of 5.5 million to 6 million yuan.
While selling houses, Zhongcheng shares even said they would like to attach parking space. According to the company`s
Announcement, the assets sold by the Company are the realestate and the affiliated parking space of the Company, 112, Building 8, No. 8, No. 188, No. 188 West South Fourth Ring Road, Fengtai District, Beijing, with a total value of RMB 275 million.
According to the disclosure, the house construction area of the assets is 5992.69 square meters, and the corresponding land use right area is 2361.47 square meters. A total of 60 parking spaces have been obtained by ancillary lease, including 30 parking spaces on the ground and 30 underground parking spaces.
* A total of 401 houses were sold twice in the hippocampus of ST.
Netizens tease that they sell houses and sell them as real estate merchants.
Among them, * ST seahorse has also become "online celebrity" because of selling houses, and shareholders joked that * ST seahorse sold houses into real estate merchants.
In April this year, * ST Hippocampal announced that it intended to sell 36 sets of idle real estate in Shanghai and 81 sets of idle real estate. In Haikou City. A month later, * ST Hippocampal announced again that it intended to sell 269homes and 15 shops in Haikou Jinpan Industrial Development Zone. Two times to sell a total of 401 houses, disposal amount of 334 million yuan, affecting the return mother`s net profit of 170 million yuan.
On Nov. 23, Hippocampal Motor released a progress announcement on the sale of some of the idle real estate, saying that the 401 sets of real estate in Shanghai and Haikou planned for sale in the first half of the year had sold 318 sets, bringing receivables of 147 million yuan and collecting 120 million yuan, with an impact on net profit of 74 million yuan. According to the announcement issued on May 23 this year, through the sale of the 401s, Hippocampal Motor is expected to dispose of its assets by 333 million yuan, and it is expected to realize the net profit of returning to its mother by 170 million yuan.
Prior to this, * ST seahorse losses for the second year in a row, has been delisted warning, 2018 is a huge loss of 1.6 billion.
* ST Youjiu, Zhongfang shares, Xiangli shares to sell real estate, to prompt inquiries on the exchange
Although the selling shell strategy of listed companies is a fast way of shell preservation, it is not low in practical operation.
* ST Youjiu announced on the evening of December 12 that the sale of eight sets of real estate, deducting related taxes, was expected to increase the net profit of shareholders belonging to listed companies by about 80 million yuan in the current period. The deal is a lifeline for * ST, which is on the verge of suspending the listing.
Just half an hour after the announcement, * ST received an inquiry from the Shanghai Stock Exchange for a long time: asking the company to explain whether the business consideration of selling 8 sets of real estate, whether the relevant decision-making procedures meet the requirements of the rules, whether the relevant disposal is in line with the company`s business development strategy, and whether it will have a negative impact on the development of the company`s daily production and business activities. At the same time, please disclose the specific calculation basis and calculation process of increasing annual profit of 80 million yuan, and make clear the time point of revenue recognition and the basis of relevant accounting standards.
On Nov. 29, Cofang announced that it intended to sell the total amount of real estate, transactions held on the first and third floors of the Xinjiang Corps Building, which is expected to increase revenue by 127 million yuan and net profit by about 51 million yuan this year.
"one move fresh to eat all over the sky," this is not the first time Zhongfang shares have been sold for the first time to renew their lives. In 2017, real estate also sold real estate thickened results in 2018.
For Zhongfang shares at the end of the "financial technology", the Shanghai Stock Exchange issued "three consecutive questions." First of all, Zhongfang shares are required to explain the income recognition conditions of this transaction. In recent years, Zhongfang shares rely on the rental of investment real estate all the year round, sales to support revenue, combined with the operating conditions, operating income and performance in the past three years, to explain whether there is significant uncertainty in the company`s sustainable operating capacity and fully prompt the risk, and clearly require it to explain, Whether the sale of investment-based real estate is to avoid delisting risk warnings because revenue is less than 10 million yuan or net profit is negative for two years in a row.
On the evening of December 2, the main business issued a number of announcements for fruit sales of fragrant pear shares, involving one sale, one purchase and two real estate transactions. The company intends to sell the office building real estate. In Shengguoming Court District, Shengguo Road, Xinjiang City, at a price of 24.9226 million yuan. On December 4 th, Xiangli shares received a letter of inquiry from the Shanghai Stock Exchange, focusing on the reasonableness of the two deals.
On the evening of December 10, Xiangli shares responded to queries from the Shanghai Stock Exchange: the purchase of real estate from indirect controlling shareholders will not affect the daily production and operation of the company.
Regulation keeps an eye on shell-keeping transactions, and investors need to be cautious
In the face of frequent fancy shell preservation by some ST companies, regulators have made it clear that it is important to keep an eye on surprise shell-keeping transactions at the end of the year.
Recently, in view of the increase of surprise transactions of listed companies at the end of the year, the regulatory departments of the Shanghai Stock Exchange have focused on the corresponding regulatory work, aiming at identifying false things, retaining the real things, tamping the quality of listed companies and maintaining the good ecology of the healthy development of the capital market.
According to the Shanghai Stock Exchange, there are two main types of surprise trading at the end of the year, one of which is shell-holding trading. The transaction for the purpose of shell preservation is mainly an attempt to "tailor-made" to avoid delisting risks such as negative net assets, continuous loss of net profit and less than 10 million yuan in operating income.
The specific forms are to realize the disposal income through the sale of all kinds of assets, such as land, real estate, equity, to purchase subsidiaries to increase the assets or profits, to confirm the revaluation income with the investment of assets, and to adjust the profits through accounting policies and changes in accounting estimates, and so on. For this kind of transaction, Shanghai Stock Exchange mainly needs to consider whether the transaction has commercial essence, focusing on whether the asset pricing is fair, whether there is a potential related relationship, whether there are other interest arrangements, and whether the corresponding accounting treatment meets the requirements of the standards.
With regard to surprise transactions, the Shanghai Stock Exchange also said that the regulatory authorities of the Shanghai Stock Exchange pay attention to giving full play to the regulatory role in the matter, comprehensively adopt letter inquiries, interview intermediaries, request verification, disciplinary measures, multi-party supervision, strengthen accountability, and strive to fully reveal the essence of the transaction and stop misconduct in a timely manner through the combination of regulatory constraints and market constraints.
Song Qinghui, a famous economics family, said in an interview with journalist that the selling behavior of listed companies is a negative signal, which is not only worried about the downward expectation of house prices in the future, but also the demand for cash flow from selling houses, and may also be to achieve the purpose of shell preservation by selling houses. For investors, if this happens to listed companies, you should be careful and stay away from these mine stocks.
