The former "demon stock" Zhongqingbao (300052.sz) was fined again. On July 30, Zhongqingbao released a rectification report on the Shenzhen Supervision Bureau of the China Securities Regulatory Commission ordering the company to take corrective measures. The announcement shows that Zhongqingbao has disclosed the relevant circumstances of the compulsory measures taken against the actual controller Zhang Yunxia, and will strengthen the training of personnel in key positions of the company and further improve the working mechanism related to information disclosure.
Source: Zhongqingbao
Nanduwan Financial News reporter noticed that as early as December 29, 2023, Zhang Yunxia was taken compulsory measures by the public security organs for allegedly refusing to execute the judgment and ruling, and received the "Decision on Bail pending trial" . However, Zhongqingbao concealed this situation for seven months until it was ordered by the Shenzhen Securities Regulatory Bureau to make rectifications. During this period, Zhang Yunxia has quietly lifted her bail pending trial. Two companies controlled by Zhang Yunxia and her husband Li Ruijie have repeatedly pledged Zhongqingbao shares to obtain financing. The actual controller of
was released on bail pending trial, and
was announced seven months later. Public information shows that Zhang Yunxia was born in Tianjin in 1965 and graduated from Nankai University. Currently, he is the chairman of Baode Computer Systems Co., Ltd., director and general manager of Shenzhen Baode Investment Holdings Co., Ltd. Together with her husband Li Ruijie, he is the actual controller of Zhongqingbao.
Zhongqingbao’s announcement shows that on December 29, 2023, due to a debt dispute case, Zhang Yunxia was suspected of refusing to implement judgments and rulings during the resolution of civil disputes. Shenzhen Municipal Public Security Bureau Futian Branch took compulsory measures and was detained. to the "Decision on Release on Bail Pending Trial".
However, Zhongqingbao did not disclose this information in time. It was not until July 26, 2024, that the Shenzhen Municipal Securities Regulatory Bureau discovered that Zhongqingbao had violated regulations and failed to disclose relevant matters in a timely manner, and issued a decision on its official website to order corrective measures against Zhongqingbao, and the matter was not made public.
In the evening of that day, Zhongqing Baocai issued two announcements in accordance with regulations, disclosing the receipt of the Shenzhen Municipal Securities Regulatory Bureau’s decision on administrative regulatory measures and the fact that the actual controller was subject to compulsory measures. Because it failed to disclose in time, Zhongqingbao also received a regulatory letter from the Shenzhen Stock Exchange that night.
The letter arrived belatedly, but Zhang Yunxia had already been released on bail pending trial. Zhongqingbao mentioned in the announcement that on July 9, 2024, Zhang Yunxia had received the "Decision not to prosecute" and the "Decision to terminate bail pending trial" issued by the Shenzhen Futian District People's Procuratorate. Due to related debt disputes, The content of the arbitration award has been fully fulfilled. The Shenzhen Futian District People's Procuratorate decided not to prosecute Zhang Yunxia and lifted the measure of bail pending trial. The case process has ended.
As an investor, a reporter from Nanduwan Financial News asked Zhongqingbao why it failed to disclose the actual controller in time and was subject to compulsory measures. Zhongqingbao said that the reason had been stated in the announcement. As for why the actual controller was suspected of refusing to execute the judgment or verdict and was subject to compulsory measures, this matter involves the personal privacy of the actual controller, and the company does not know the specific reasons.
.176 billion yuan of equity was pledged, and the company has suffered losses for four consecutive years
It is worth noting that during the seven months when Zhongqingbao failed to disclose Zhang Yunxia’s compulsory measures in a timely manner as required, two companies controlled by Zhang Yunxia and her husband Li Ruijie The company has repeatedly obtained financing by pledging Zhongqingbao shares.
Sky Eye Check shows that Shenzhen Baode Investment Holdings Co., Ltd. (hereinafter referred to as "Baode Holdings") and Shenzhen Baode Technology Co., Ltd. (hereinafter referred to as "Baode Technology") hold 7.31% and 9.51% of Zhongqingbao respectively. The actual controllers Li Ruijie and Zhang Yunxia indirectly hold 16.82% of Zhongqingbao’s shares through the above two companies.
Wancaishe reporters reviewed the announcement and found that since the end of 2019, Powerland Holdings, Powerland Technology and Li Ruijie have repeatedly pledged Zhongqingbao shares to obtain financing, and the pledges were mostly for "own production and operations." As of March 31, 2022, the pledged shares of Boyd Holdings, Boyd Technology and Li Ruijie still accounted for 26.29% of their shares. By March 27, 2023, one year later, the proportion had reached 99.94%. Since then, this proportion has remained high above 80%.The
announcement shows that after Zhang Yunxia was taken compulsory measures, as of January 2, 2024, the pledged shares of Power Holdings, Power Technology and Li Ruijie accounted for 99.09% of the shares held by Zhang Yunxia. Since then, some of the pledged shares have been gradually unpledged or unfrozen, but these shares were quickly re-pledged.
On February 2, 2024, 2.925 million China Qingbao shares pledged by Powertech to Huajian International Industrial (Shenzhen) Co., Ltd. (hereinafter referred to as "Huajian International") were released from pledge. It is worth mentioning that this part of the shares was pledged on March 23, 2023. At that time, the stock price was still 22.73 yuan. By the time the pledge was released, the stock price was only 14.5 yuan/share.
Just a few days later, on February 7, Boyd Technology pledged 1.06 million shares to Shenzhen Small, Medium and Micro Enterprise Financing Re-Guarantee Co., Ltd. Two months later, on April 9, it pledged 2.2684 million shares again To Huajian International, the purpose of the pledge is "its own production and operations."
In the seven months since Zhang Yunxia was subject to compulsory measures but not disclosed, Power Holdings, Power Technology and Li Ruijie successively pledged their shares to Huajian International, Shenzhen Small, Medium and Micro Enterprise Financing Re-Guarantee Co., Ltd., Bohai Bank Shenzhen Qianhai Branch, and Shenzhen High-tech Investment and Financing Guarantee Co., Ltd., a state-owned enterprise indirectly held by the Shenzhen State-owned Assets Supervision and Administration Commission. Calculated based on the closing price on the starting date of the pledge, Bode Holdings, Bode Technology and Li Ruijie pledged a total of approximately 176 million yuan of Zhongqingbao shares.
In addition, the announcement showed that on June 21, Zhongqingbao also provided a guarantee for the 40 million yuan credit line of its wholly-owned subsidiary Proton Internet at Shenzhen Rural Commercial Bank. The large proportion of pledges in
reflects the financial constraints of shareholders to a certain extent. The announcement shows that as of June 20, the total balance of borrowings between Boyd Holdings and Boyd Technology reached 1.564 billion yuan, of which 1.26 billion yuan will need to be repaid in the next six months alone.
Source: Flush ifind
In terms of performance, Zhongqingbao’s performance can be described as lackluster. From 2020 to 2023, the company has suffered losses for four consecutive years, with the cumulative loss reaching 296 million yuan. At the same time, the company’s annual reports have been questioned by regulatory authorities for ten consecutive years. In the first quarter of this year, the company achieved operating income of 74.88 million yuan, a year-on-year increase of 18.24%; net profit attributable to the parent company was a loss of 11 million yuan, turning from profit to loss year-on-year.
Written and written by: Nanduwan Financial Society trainee reporter Zhao Yuan reporter Qiu Moshan
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