The commercial votes of 31 companies of Muyuan shares continue to be overdue
2021-12-06: [Article Link] On 2 December, the Shanghai Stock Exchange disclosed a list of outstanding business tickets as at 30 November 2021, and the 21st Century Economic Reporter noted that 31 enterprises under the banner of the Shenwon stock (002714.SZ) were listed as depositors; it was revealed that more than three payments were overdue from 1 August 2021 to 30 November 2021, and that there were outstanding balances as at 30 November 2021, or that the number of depositors whose payments were overdue as at the same month was 384. Of these, the trading tickets of 31 companies owned directly or indirectly by the herd shareholding continued to be overdue.
As of 30 November 2021, according to the journalist's statistics from the Shanghai Stock Exchange, the 31 carriers listed above had accumulated delays of approximately $21,257,000, with an overdue balance of $16,668,000. In addition, the journalist collated the background of the shareholders of the 31 “sheba family” companies and found that many of the equity investment funds under the flag of the offer company, the Huameng Gui Trust, etc., were on the list of shareholders of multiple companies. In response, the owner expressed concern that the Shanghai Stock Exchange had today publicized the “List of Persistent Overdues as at 30 November 2021”, which was verified by the company's financial services department, and that the company was late in the payment of business tickets on the due date because some suppliers had failed to initiate payment requests in a timely manner, and a small number of ticket banks had been unable to settle on-line or on-line in a timely manner.
The company has put in place special management systems and measures to deal with the situation, which will be strengthened in the future, and will maintain active communication with banks and voters to avoid similar incidents. As previously reported in the Chinese Securities Bulletin, the customer manager of the requisitioner’s securities had recently stated in a microscopic group that herders’ shares might be thunderbolts, leading to a continuing decline in the stock price of herders’ shares.
This year, attention has been drawn to the issue of the flow of funds for herds’ shares. On 19 October, herds’ shares published a plan to raise funds for the collection of public shares, with an increase of up to 6 billion yuan in the amount of $40.21 million in the amount of the shareholders’ shareholdings, all of which will be used to replenish the flow of funds, after deducting the issuance costs.
It is a matter of concern that, as the subject of the debt, the tradable debt was the only source of financing obtained by herds in the open bond market this year. The financial data show that, in the third quarter of 2021, the company achieved a profit of $14.44 billion, a decrease of 18.68 per cent, and a net profit of $8.22 billion, a decrease of 108.05 per cent. During the first three quarters of this year, herds of $5.682 billion, an increase of 43.71 per cent, and a net profit of $8.704 billion, a decrease of 58.53 per cent, were lost by the same parent; and net profit deductions of $8.65 billion, a decrease of 58.74 per cent.
In response to concerns about the three-quarters deficit in the performance of Shinwon shares, CIC noted that the company’s owner’s interests had declined at the end of September, and the debt size had continued to increase, raising the asset-liability ratio to 57.77% at the end of the same year; the monetary fund at the end of the same period was $9.95 billion and the short-term debt was $32.257 billion, subject to some short-term debt-servicing pressure. At the same time, the company was investing in a project to build a pig farm on a large scale and faced certain capital-expenditure pressures, and the debt would rise further, and in the future the company would adjust its investment plan for the construction project in the light of the actual situation. In September 2021, the average sale price of the company’s commodity pig was $11.49/kg, with a 17.46% decline in the ring ratio, and if the average price of the sale in the fourth quarter was still below the cost price, the company would continue to lose in the fourth quarter.
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