Gold debt crisis implicated 10 listed companies | Veken Elite faces delisting risk

With the Jin debt crisis, Jin creditors information slowly revealed .According to "Securities Times" reporter incomplete statistics, there are 10 listed companies involved.

Three companies announcement

Vico essence of the most affected

Shenzhen Tianma A announced on February 6 that it plans to make provision for impairment of assets of about 186 million (unaudited), mainly due to individual customers failing to fulfill their payment obligations according to the payment date agreed with the company. It is reported that Shen Tian Ma A is Jin Li An important mobile phone display suppliers.After Previously Chairman Li Lirong Jinli said in an interview, deep Tianma A has applied for gold to take asset preservation measures to apply for the preservation of assets of about 175 million yuan. In contrast, deep Tianma A single accrued 176 million yuan of bad debts should be based on the risk of Lei Jin capital chain.

Also on February 6, under the question of the Shenzhen Stock Exchange inquiry letter, Opry Technology Co., Ltd., which announced the downward revision of 2017 annual results notice, confirmed the debt crisis of China Mobile Jinli Mobile Phone Co., Ltd. and its announcement said that as of February 6, 2018 , The company's accounts receivable balance of Jinli is 626 million yuan, due to the tension Jinlin capital chain, accounts receivable overdue two months or more.

However, Opry Technology is also expected that the loss is not, after all, the company has taken property preservation measures, including the application to seize the shares of Jin Li Bank in the public, Liu Li Rong Jinli equity holdings.

Currently, the listed companies have been announced, the most affected Vico is the best. As a subsidiary of Veken, the largest customer Jinli arrears of receivables receivable 840,999,000 yuan, the company may face being delisted risk.

Veken Elite Bulletin said that the initial calculation of the company's financial department, the company achieved in 2017 attributable to shareholders of listed companies net profit of about 47 million yuan to -37.1 million yuan within the main line recently received a subsidiary of the company in Ningbo Vico Battery Co., Ltd. There is a loan receivable of RMB84,099,900 involved in the litigation. The procedure of trial of the case has not yet started. There is uncertainty in the outcome of the litigation. It is impossible to accurately determine the impact of the litigation on the Company's profit in 2017. The Company has taken measures including assets preservation, Debt guarantees and other positive measures, try to avoid causing losses to the company, such as the final accounts receivable can not be recovered, the company will make corresponding provision for bad debts, in which case will lead to the greatest extent possible in 2017 attributable to the listed company The net profit of shareholders is about -37.1 million yuan.

According to regulations, if the company's audited net profit in 2017 is still negative, the company will make a loss for two consecutive years. The company's shares will be delisted after the disclosure of the 2017 annual report.

Five listed companies have cooperation

Whether the gold accounts receivable is unknown

In addition to the three publicly listed companies listed above, there are five other companies that have a partnership with Golden State.

Dongfang bright color is a supplier of precision mobile phone parts of Jinli Mobile Phones, and acquired 100% stake of Dongfang Liangcai in 2015. Jiangfen Magnet has repeatedly said to the public that the main customers of listed companies in the consumer electronics industry are Huawei, Jin and other domestic high-end brand customers. '

Two Three Thirds also cooperated with Jinli Mobile Phone Co., Ltd. On February 4, 2016, a wholly owned subsidiary of No.263 signed a "Cooperation Agreement" with Jinli to provide overseas mobile communications services to the end users of Jinli Group Co., Ltd. In February 26, 2016, , The company revealed that the contract with Jin Li is under implementation.

Vail shares, which was just on the market in 2017, is also a supplier to Golden State.At the half of 2017, Vail shares said that the company's own research and development of semiconductor products (discrete devices and power management IC, etc.) have entered the millet, Jin Li Etc. In 2016, according to Vail shares prospectus, the Company sold 128 million yuan of products to Jinming Holding's subsidiary Jinming Electronics and Jinzhuo Communications, accounting for 5.91% of the total current revenue of the Company and Jinli was the third Big customer

In addition, King Mong Electronics, Synopsys have been with the intersection of gold before quite deep set, but due to the regular earnings after the listing did not clearly list the main customer information, but can not determine whether there is still cooperation.

King Mong Electronics King King is one of the flexible circuit board suppliers.According King King Electronics prospectus, January 2016 -6 months, the Jinli Group is its fourth largest customer, sales amounted to 74,335,600 yuan, accounting for the company sales revenue Of 5.04%.

Jinli was the top ten customers of Shengxun from 2013 to 2015. In 2014, Jinli was once the second largest customer of its mobile software products. By 2015, Jinli turned into its eighth largest customer.

Liu Lirong address Jinli standpoint problem

If necessary, you can give up control

Liu Li-rong, chairman of Jinli, recently said in an interview with the media about how to solve the crisis in the capital chain. He said that the fund chain will be solved in three steps: Firstly, introducing partners to ensure that the market for production and sales will have a future; secondly, Introduce strategic investors, replenish funds and increase credibility; thirdly, sell assets to repay debts and obtain creditor's support.

According to Liu Lirong, progress has been made in introducing strategic investors. He even said under media inquiries that he could give up Jinli's control right when necessary.

Liu Lirong said that holding the shares of Microtech Bank and the sale of assets of Jinli Building is expected to return 7 billion yuan of funds. In addition, the valuation of the equity of Nan Yue Bank is close to 2 billion yuan, which can solve the current funding gap.

However, the transfer of minority stake in Bank of China shares need to be approved by the approval of the Jinli Building assets in the Ofeito, Shenzhen Tianma A and other applications for property preservation in a frozen state, the shares of the Bank of South Bank in Shanghai Tang Shen advertising application for property preservation freeze Due to this, the timing of the sale of assets is difficult to grasp.

2016 GoodChinaBrand | ICP: 12011751 | China Exports