Home » Jiangxi Zhengbang Technology Co., Ltd. Briefing on the Sales of Live Pigs in January 2022_Guarantee_Amount_Bonds

Jiangxi Zhengbang Technology Co., Ltd. Briefing on the Sales of Live Pigs in January 2022_Guarantee_Amount_Bonds

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Original title: Jiangxi Zhengbang Technology Co., Ltd. briefing on the sales of live pigs in January 2022

Stock Code: 002157 Stock Abbreviation: Zhengbang Technology Announcement Number: 2022-012

Bond code: 112612 Bond abbreviation: 17Zhengbang 01

Bond code: 128114 Bond abbreviation: Zhengbang Convertible Bond

Jiangxi Zhengbang Technology Co., Ltd.

Briefing on pig sales in January 2022

The company and all members of the board of directors guarantee that the information disclosed is true, accurate and complete, and that there are no false records, misleading statements or major omissions.

The business scope of Jiangxi Zhengbang Technology Co., Ltd. (hereinafter referred to as the “Company”) includes pig breeding business. Now the company discloses the monthly sales of live pigs. The details are as follows:

1. Live pig sales in January 2022

In January 2022, the company sold 958,700 live pigs (including 69,800 piglets and 888,900 commercial pigs), an increase of 19.07% month-on-month and a year-on-year increase of 21.86%; sales revenue was 1.219 billion yuan, a month-on-month decrease of 5.57% and a year-on-year decrease of 60.92%.

The average sales price of commercial pigs (after deducting piglets) was 12.92 yuan/kg, down 14.89% from the previous month; the average weight was 105.13 kg/head, down 3.83% from the previous month.

The above data are unaudited and may differ from those disclosed in periodic reports. Therefore, the above data are only used as staged data for investors’ reference.

Note: If there is a tail difference in the above data, it is due to rounding.

2. Reasons

In January 2022, the company’s large year-on-year decrease in the sales revenue of live pigs was mainly due to the sharp decline in the sales price of live pigs in the domestic market compared with the same period last year.

3. Risk Warning

Investors are advised to pay attention to the following investment risks:

(1) At present, the company mainly has three business segments of “pig breeding, feed, and veterinary medicine”. The above sales situation only represents the company’s live pig sales, and the operation of other business segments is not included.

(2) The risk of price fluctuations in the live pig market is a systemic risk in the entire pig production industry. It is an objective and uncontrollable external risk for any pig producer, and may have a significant impact on business performance. Investors pay attention to investment risks.

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4. Other Tips

“Securities Times”, “Securities Daily”, “Shanghai Securities News” and www.cninfo.com.cn are the media designated by the company for information disclosure. All information of the company is subject to the company’s announcements published in the above media , investors are requested to make rational decisions, invest prudently, and pay attention to risks.

Special announcement

Jiangxi Zhengbang Technology Co., Ltd. Board of Directors

February 12, 2022

Stock Code: 002157 Stock Abbreviation: Zhengbang Technology Announcement Number: 2022-011

Bond code: 112612 Bond abbreviation: 17Zhengbang 01

Bond code: 128114 Bond abbreviation: Zhengbang Convertible Bond

Jiangxi Zhengbang Technology Co., Ltd.

Announcement on the Progress of Guarantee for Subsidiary Subsidiaries

The company and all members of the board of directors guarantee that the information disclosed is true, accurate and complete, and that there are no false records, misleading statements or major omissions.

Jiangxi Zhengbang Technology Co., Ltd. (hereinafter referred to as the “Company” or “Zhengbang Technology“) held the 34th meeting of the sixth board of directors on December 27, 2021, and reviewed and approved the “Proposal on the Estimated External Guarantee Amount in 2022” ”, in order to ensure the daily production and operation of the company and its holding subsidiaries, the company intends to provide guarantees for subsidiaries within the scope of the consolidated statements, mutual guarantees between holding subsidiaries, and the total amount of guarantees for holding subsidiaries for the company not exceeding RMB 38,655,270,000; of which the company Or the controlled subsidiary guarantees RMB 28,849,220,000 for holding subsidiaries with an asset-liability ratio of over 70%; guarantees RMB 8,306,050,000 for holding subsidiaries with an asset-liability ratio below 70%; and its subsidiary holding subsidiaries guarantee the company Within the range of the estimated total amount of guarantee for the whole year, the guarantee amount of each subsidiary controlled subsidiary can be adjusted and used among similar guarantee objects. The scope of the above guarantees includes but is not limited to applying to commercial banks and other financial institutions for comprehensive credit business, factoring business, cooperating with financial leasing companies with corresponding qualifications for financial leasing business, and conducting transactions with other upstream and downstream partners and undertaking payment obligations. For business (including procurement), the guarantee methods include but are not limited to joint and several liability guarantees, mortgage guarantees, etc. This matter has been considered and approved by the company’s first extraordinary general meeting of shareholders in 2022 held on January 13, 2022 as a special resolution. For details, please refer to the “Announcement on the Expectation of External Guarantee Amount in 2022” (Announcement No.: 2021-259) disclosed by the company on http://www.cninfo.com.cn on December 28, 2021.

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1. Guarantee progress

In January 2022, the company’s subsidiaries received a total of 1,071,725,400 yuan of guaranteed financing. The details of the actual financing and guarantee amount involved in the signing of the “Guarantee Contract” between the subsidiaries and commercial banks or rural credit cooperatives are as follows:

Note: The above guarantee amount is within the guarantee amount for the company to perform the deliberation procedures, and there is no need to perform other deliberation and approval procedures.

2. Basic information of the guarantor

Unit: ten thousand yuan

Note: 1. The latest credit rating of the above-mentioned subsidiaries is in good condition, and they are not dishonest persons subject to enforcement.

2. If there is a tail difference in the data in this announcement, it is due to rounding.

3. The company’s guarantee amount is expected to be no more than 50 million in total by creditors and suppliers, including but not limited to Fuzhou Agricultural Reclamation Supply Chain Management Co., Ltd.

3. Opinions of the Board of Directors

The objects of this guarantee are all wholly-owned or controlled subsidiaries within the scope of the Company’s consolidated financial statements. Among them, Qingdao Tianpu Sunshine Feed Co., Ltd. is a 51% holding subsidiary of the company’s holding subsidiary, Shandong Tianpu Sunshine Biotechnology Co., Ltd. The company and Guiyang Zhengbang Animal Husbandry Co., Ltd. are 90% holding subsidiaries of the company. Although the above companies are not wholly-owned subsidiaries of the company, the company can effectively control them in terms of operation management, finance, investment and financing. The company has the ability to fully grasp and monitor the cash flow of the guaranteed company, and the financial risks are within the effective control of the company, so other shareholders have not provided equal guarantees or counter-guarantees.

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The board of directors of the company believes that: guaranteeing its subsidiaries is conducive to supporting the subsidiaries to expand financing channels, increase the reserve of working capital credit lines, increase the company’s fixed asset financing channels, ensure the company’s sustainable and stable development, and ensure the production and operation needs of the subsidiaries. After a full understanding, it is believed that the guaranteed company has the ability to pay its debts and will not bring greater risks to the company. This guarantee does not involve counter-guarantee.

4. The cumulative number of external guarantees and the number of overdue guarantees

As of the disclosure date of this announcement, the total guarantee amount of the company and its controlled subsidiaries is 38,655,270,000 yuan (guaranteed units are all companies within the scope of the consolidated statements, and the guarantee amount has been reviewed and authorized by the company’s general meeting of shareholders), accounting for 20% of the total audited assets in 2020. The proportion is 65.23%; the proportion of the audited net assets in 2020 is 166.24%, and there is no overdue guarantee.

As of January 31, 2022, unaudited, the company and its subsidiaries signed guarantee agreements with commercial banks, financial leasing companies and other financial institutions and other upstream and downstream partners, and the actual accumulated balance of guaranteed loans was 10,851,610,000 yuan (including company 1 Guaranteed loans, company financing lease repayments, secured purchases, etc. actually occurred in the month), accounting for 18.31% of the total audited assets in 2020; accounting for 46.67% of the audited net assets in 2020, and there is no guarantee corresponding to overdue debts The balance, the amount of guarantee involved in the lawsuit and the amount of guarantee that should be borne due to the decision to lose the lawsuit.

Special announcement

Jiangxi Zhengbang Technology Co., Ltd.

Board of Directors

February 12, 2022Return to Sohu, see more

Editor:

Disclaimer: The opinions of this article only represent the author himself, Sohu is an information publishing platform, and Sohu only provides information storage space services.

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