The risk warning in the announcement is as follows:
I. According to the preliminary calculation of the Company's financial department, as of December 31, 2017, it is estimated that the net profit attributable to shareholders of the listed company will still be negative in 2017. For details, please refer to "Datang Telecom Technology Co., Ltd. 2017 Annual Pre-losing Profit Notice "(2018-004);
Second, if the audited net profit attributable to shareholders of the listed company in 2017 is still negative, the Company will appear the situation that the audited net profit of the two most recent fiscal years will be continuously negative. According to the "Listing of Shanghai Stock Exchange Rules, "the Company's shares will be subject to the delisting risk warning (with the prefix" * ST "before the company's stock abbreviation) after the disclosure of the 2017 annual report.
Datang Telecom multi-year 2017
This is the second time Datang Telecom delisting risk warning.On January 30, Datang Telecom announced the performance on the layer.Companies expect January-December 2017 net profit attributable to shareholders of listed companies -2400 million to -20.00 A year-on-year change of -35.16% to -12.64%. The average growth rate of communications equipment industry's net profit was 11.47%.
As Datang Telecom possesses a negative net profit attributable to shareholders of listed companies in 2016, it is estimated that the net profit attributable to shareholders of listed companies will remain negative in 2017. Therefore, Datang Telecom announced for the first time on January 30 that " Prompt Notice Concerning the Company's Stocks May Execute the Alert of delisting Risk ".
It is noteworthy that in January 30 in the pre-losing notice of non-operating profit and loss in the paragraph mentioned, 'expected to have a greater impact on the major joint venture project is currently under the approval of the relevant state departments, 2017 Year failed to complete on schedule, but also have a greater negative impact on the company's profit and loss.
2017 is a fateful year for Datang Telecom:
In January 2017, Datang Telecom released its performance forecast, and its annual operating results will show a loss in 2016 with a loss limit of RMB1.5bn to RMB18bn.
In May 2017, Datang Telecom, a subsidiary of Datang Telecom, set up a joint venture company, Vangsheng Technologies, with China Unicom, Qualcomm and Chi-Chi Capital. The news was just released and was attacked by the industry.
In November 2017, Datang Telecom announced that the controlling shareholder of the Institute of Telecommunications Science and Technology (Datang Telecom Technology Industry Group) is planning to restructure with Wuhan Research Institute of Posts and Telecommunications (ie, the merger of Datang Telecom and FiberHome), reorganization The scheme still needs approval from the relevant competent authorities. The above reorganization is a restructuring matter at the level of the Institute of Telecommunications Science and Technology and has no direct relationship with the company.
In December 2017, Datang Telecom sold its entire equity interest in Shanghai Yisi.
For the main reason for performance loss, Datang Telecom said that the major industries in which the Company is located are still facing fierce competition in 2017. In the field of chips, the upgrade of terminal chips is accelerated and the competition is even more fierce. The game market is further concentrated with the market share of some major game players taking up Further intensifying the competition in the field of informationization in industries such as education, water conservancy, smart city and expressway, etc. Faced with the increasingly harsh external environment, the Company continued to promote its transformation and upgrading and abandoned its low-margin business, which affected the Company's main business income Last year, a decline of more than 30%, although the overall gross profit margin has increased, but the total gross profit can not support the company to achieve profitability.
Datang Telecom took a good hand how to come today?
After a drastic adjustment, Datang Telecom's overall gross profit margin, asset quality have improved, showing a glimmer of vigor, as performance pre-loss announcement: the company currently estimated the amount of impairment of 1.5 billion to 19 In the meantime, due to the company's impairment test is in progress, there is uncertainty about the above amount.If the amount of impairment is excluded, the current operating result of the Company is improved by about 300 million over the same period of last year.
However, the declining performance of mergers and acquisitions, or dragged down the financial statements of listed companies in 2017, while the capital level arrangements have not been fully realized, is expected to bring greater benefits to Datang Xuan Sheng technology joint venture project is still pending, and ultimately Failed to make a contribution in Datang's 2017 report.
Datang Telecom originally four businesses: integrated circuits, terminal services, software applications, mobile Internet four parallel development; from 2014, focusing on the 'integrated circuit +' industry, increased investment in the chip, at the same time Also conforms to the country's direction for the development of the industry.The strategic transformation of the company is for the better development in the future, but through the financial statements of these years, this transition is not successful.
Also worth noting is that Broadcom M & A Qualcomm, Qualcomm NXP, and Qualcomm and Datang Telecom set up a joint venture, the game of the three events are closely related with the approval of China's regulatory authorities.
Insiders said the set of micro-grid, if the joint venture company for approval, will be able to improve the current profits of Datang Telecom.
Twenty years ago, Datang Telecom, as the first research institute in China to restructure and restructure its market, shouldered the mission of opening up and innovation and serving the country with the industry, and became the delicate market of the market.At present, Datang Telecom Station has reached the fate of the crossroads, once It took a good hand it, what to do?