The reorganization failed, the five consecutive limit-downs, and the investors “bombed” Phoenix Optics: Self-examination of insider information has been carried out |

Financial Associated Press, June 3 (Reporter Wu Weiling) “The higher-level department disagrees with the restructuring plan. Which higher-level department is it? What are the specific reasons for disagreement?” “When did you communicate? When did the disagreement come out? “Are you planning to restart Phoenix Optical’s asset reorganization in a month’s time?”…

At the briefing on the termination of major asset restructuring held on the afternoon of June 2, Phoenix Optics (600071.SH) received more than 30 questions from investors regarding the specific reasons for the termination of the restructuring, follow-up arrangements and other matters. At the meeting, the company’s director and general manager Liu Xiang responded that the company is currently conducting insider registration and self-examination; as of now, it has not received information on whether it will restart capital restructuring in the future, and the current business direction is around the application of the Internet of Things Provide optoelectronic products and solutions.

“Termination of Restructuring” Encountered Serial Questions On the evening of May 31, Phoenix Optics announced the termination of the asset reorganization, which aroused market attention. Regarding the reason for the termination, the announcement stated that “the approval and filing work related to this transaction failed to obtain the consent of the superior competent authority”.

The above explanation does not seem to answer investors’ doubts. At the briefing meeting, the company’s management did not further clarify doubts. In the face of investors’ continued questioning, Liu Xiang only responded: “If there is further information that should be disclosed, it will be disclosed in a timely manner in accordance with regulatory requirements.”

Obviously, this answer failed to satisfy investors.

“Please answer the questions raised by investors truthfully, and don’t take chances of evasion”; “The company should hold an extraordinary general meeting to review and terminate this major asset reorganization, and give the ins and outs of this matter, the causes and consequences, to the small and medium-sized enterprises. Shareholders make it clear.” At the meeting, some investors questioned the management.

In addition, another thing that attracts investors’ attention is that the stock price falls by the “foresight” before the announcement.

Phoenix Optics’ announcement of the termination of the restructuring was released after the market on May 27, but on the closing day of May 26, the company’s stock price fell by 9.02%, and the opening closed on the 27th. The stock price moved ahead of the announcement, prompting investors to ask, “Has the news of the restructuring been leaked?”

In response to this, Liu Xiang said that according to relevant regulations, the company is conducting insider registration and self-examination for this reorganization. After obtaining transaction data and completing the relevant self-examination, it will promptly disclose the relevant insider information insiders’ trading of stocks. .

At present, Phoenix Optics (600071.SH) has dropped by the limit for 5 consecutive days, and its market value has evaporated by more than 3.5 billion yuan.

Where is the future? “The current business direction of listed companies is optoelectronic products and solutions around the application of the Internet of Things, and the development planning and determination are clear.” Liu Xiang told investors and reporters from the Financial Associated Press.

Phoenix Optics is mainly engaged in optical products, intelligent controller products and lithium battery products. Among them, optical components are mainly used in security video surveillance, automotive, infrared and machine vision fields; intelligent controllers cover many fields such as household appliances, industrial control and automobiles; lithium batteries are mainly used in feature phones and smart phone after-sales replacement battery market .

According to the company’s financial report, in 2021, the company will achieve an operating income of 1.593 billion yuan, a year-on-year increase of 25.15%; a net profit attributable to the parent of 10.5995 million yuan, a year-on-year decrease of 25.98%, and a net profit of 5.8329 million yuan after deduction, turning losses into profits year-on-year. In the first quarter of this year, the company achieved an operating income of 390 million yuan, a year-on-year increase of 13.31%; the net profit attributable to the parent was -12.8193 million yuan, compared with a profit of 3.7821 million yuan in the same period last year.

According to the previously announced asset reorganization plan, the company intends to sell all its monetary funds and non-transferable tax funds as of the evaluation base date to CEC Haikang Group Co., Ltd. or its designated wholly-owned subsidiary in cash. Xianghe deferred income tax liabilities, 100% equity of Jiangxi Yingrui Technology Co., Ltd., 75% equity of Shanghai Phoenix Optoelectronics Co., Ltd., 17% equity of Danyangming Optoelectronics Co., Ltd., and all assets and liabilities other than 5.814% equity of Jiangxi Building Co., Ltd. ; Plan to purchase 100% equity of Nanjing Guosheng Electronics Co., Ltd. and 100% equity of Hebei Puxing Electronic Technology Co., Ltd. by issuing shares, and raise supporting funds at the same time.

The two target companies, Guosheng Electronics and Puxing Electronics, are mainly engaged in the research and development, production and sales of semiconductor epitaxy materials.

After the setback in the transformation of semiconductors, will this asset reorganization be restarted? In response, Liu Xiang said that the company promised to no longer plan major asset reorganizations within 1 month after the announcement of the termination of this reorganization was disclosed. At present, the company has not received information on whether to restart the capital reorganization in the future.

Although the reorganization dream is broken, Liu Xiang is still optimistic about the company’s future: “At present, the company’s products in the fields of intelligent security lens, vehicle lens, smart home, industrial machine vision and infrared lens are listed in the domestic first-class supplier sequence. Although Affected by the epidemic, the revenue growth rate of the optical business in the past three years has still reached 8.74%, 14.52%, and 31.86% respectively.” He also introduced, “The company has mainly focused on the OEM industry in the past, and the single largest customer accounted for more than 60% of the situation. , adjusted to the state of independent research and development of ODM and OEM processing business, and the current largest customer accounts for about 40%.”

(Editor Liu Yan)