Following the “violent resistance to the law” incident in 2019,Shenzhen ChaseOnce again, the case was filed for investigation.
In the evening of September 6,Shenzhen Chase(000038.SZ)announcementAlleged that the company received the “Notice of the China Securities Regulatory Commission” (Zheng Jian Li Case No. 0072021 4) on September 3, 2021, due to the company’s suspected violation of information disclosure laws and regulations, in accordance with the “Securities Law of the People’s Republic of China” and “People’s Republic of China “Administrative Punishment Law” and other laws and regulations, the China Securities Regulatory Commission decided to file a case against the company.
September 7,Shenzhen ChaseAt the opening, the limit fell by 10.02%, and then the limit was opened to rebound slightly. As of the close, it was reported at 9.51 yuan per share, a decline of 3.47%, and the current total market value was 4.972 billion yuan.
Regarding the investigation and other related matters, the relevant person of Shenzhen Datong replied to Times Finance and Economics on the morning of September 7th, “We have just received the regulatory notice, and the specific reasons are not clear. The company will cooperate with the regulatory work as soon as possible. Investors will be notified in time if there are relevant developments.”
It is worth noting that from July 2018 to June 2019, the China Securities Regulatory Commission conducted on-site inspections and investigations of Shenzhen Chase Shenzhen, Qingdao and Beijing offices, but was unexpectedly rejected by relevant personnel of the company. During this period (May 2019), the China Securities Regulatory Commission issued an investigation notice to Shenzhen Chase and the actual controller Jiang Jian.
The above-mentioned Shenzhen Datong related person told Times Finance and Economics, “Since the last incident (investigation in 2019), the company’sExecutivesAfter a major change in blood, but the actual controller has not changed. “
The case was filed twice in three years
On September 3, I received the notice of filing a case issued by the China Securities Regulatory Commission. Why was the announcement made on the evening of September 6?
A related person from Shenzhen Datong told Times Finance and Economics on September 7 that “listed companies need to perform certain procedures to disclose information. This time is also in line with the letter and disclosure regulations, and there is no non-compliance.”
It is worth noting that this is the second time Shenzhen Datong has been investigated by the Securities Regulatory Commission since 2019.
On May 23, 2019, Shenzhen Datong announced that it was suspected of violating relevant securities laws and regulations because the company and its actual controller did not cooperate in the process of performing their duties according to the law by the Securities Regulatory Commission. According to the relevant provisions of the Securities Law of the People’s Republic of China, The Securities Regulatory Commission decided to file an investigation on the company and the actual controller.
The so-called “failure to cooperate” refers to the “violent resistance to the law” incident that caused a sensation in the market that year.
Times Finance learned that from July 17, 2018 to June 5, 2019, the inspectors and investigators of the China Securities Regulatory Commission went to the Shenzhen office of Shenzhen Datong registered office, the actual office of Qingdao, and the office of Beijing branch several times. Check and investigate the site.
What is surprising is that the relevant personnel of Shenzhen Datong refused to cooperate with the routine inspections of supervision, and even forcibly broke into the inquiry venue to block the inquiry of the supervision, forcibly removed the person being inquired, and insulted and threatened the supervisor.
The China Securities Regulatory Commission described in the “Advance Notice of Administrative Punishment” that year, “Shenzhen Chase employees used violent methods such as pushing, scratching investigators, snatching, smashing law enforcement recorders and other violent methods to resist investigations, causing investigators’ soft tissue injuries and arm scratches. , Some parts of the law enforcement recorder were damaged, and the illegal circumstances were particularly serious.”
Jiang Jian, the actual controller of the company, refused to sign the supervision and inspection notice, refused to accept inquiries, and refused to provide communication records during the inspection process. He was mainly responsible for the concealment of relevant documents and information by the relevant personnel and the use of violent methods to resist the investigation.
Times Finance is concerned that after this incident, many senior executives of Shenzhen Datong resigned, including the then chairman Yuan Na, the then financial director Liu Haibin, the then director Li Xueyan, the then director and vice president Wang Dayong. The aforementioned Shenzhen Chase related person told Times Finance on September 7 that “this incident has indeed caused a lot of impact, and the company’s executives have undergone a major change in blood.”
In November 2019, the China Securities Regulatory Commission issued an “Administrative Penalty Decision” against Shenzhen Datong, issued a warning to the company and imposed a fine of 600,000 yuan. The actual controller Jiang Jian was banned from the securities market for 10 years. Vice Chairman and Secretary of the Board Li Xueyan, Executive General Manager and Head of Beijing Branch Huang Weihua, Employee Supervisor Niu Chao, and middle-level manager Li Jie each adopted a five-year ban on securities market entry.
Times Finance has learned that Huang Weihua has resigned as executive general manager in August 2019, and Niu Chao resigned as employee supervisor in December 2019, but he is still serving as the legal person and executive director of many holding subsidiaries of Shenzhen Chase.
Suspicious supply chain business
According to public information, Shenzhen Datong’s predecessor was Datong Industrial (Shenzhen) Co., Ltd., which was approved by Shenzhen Municipal People’s Government Shenfuwaifu (1987) No. 97 and was approved by Hong Kong Yitong Electronics Co., Ltd. on June 24, 1987.Company investmentThe wholly foreign-owned enterprise established has a registered capital of 2.5 million U.S. dollars. The company was listed on the Shenzhen Stock Exchange in 1994.
In 2016, Shenzhen Datong offered 8 special experts including Jiang Jian and Zhu Lanying at a price of RMB 20.42 per share.Fixed investmentInvestors privately issued 134 million shares, raising a total of 2.749 billion yuan. As a result, Jiang Jian became the actual controller of Shenzhen Chase.
Who is Jiang Jian? According to the “2016 Shandong Rich List” released by Shandong Business Daily in September 2016, the Jiang Jian family ranked 36th among the rich in Shandong with a fortune of 11.052 billion yuan, and is known as the richest man in Qingdao. Before joining Shenzhen Datong, Jiang Jian was the founder of Yaxing Industrial.
However, judging from the development trajectory in recent years, Jiang Jian, a rich entrepreneur, does not seem to bring Shenzhen Datong into a smooth path.。
From a business perspective, Shenzhen Datong is currently involved in biotechnology research and innovative medicine, bioengineering and back-end derivative functional health consumer products, supply chain financial services and private capital management, blockchain technology, etc.
The financial report shows that in the first half of this year, Shenzhen Chase achieved revenue of 1.974 billion yuan, a year-on-year increase of 229.50%;Net profit29 million yuan, down 62.42% year-on-year; net cash flow loss from operating activities was 173 million yuan, net salesinterest rateOnly 1.45%.
It is worth noting that the company’s net cash flow from operating activities has been at a loss since 2017, with a total loss of 1.793 billion yuan since 2017.
In terms of business sector, the supply chain management business accounted for the largest revenue of the company. In the first half of the year, revenue reached 1.844 billion yuan, accounting for 93.42%; private capital management, cosmetics and other revenues were 85.42 million yuan, 37.05 million yuan, and 7.24 million yuan. Yuan, accounting for 4.33%, 1.88% and 0.36% respectively.
According to Times Finance, the supply chain management business is mainly the trading of commodities such as coal.It is worth noting that in the first half of the year, the grossinterest rateIt was only 1.23%, and it was down from the previous year.
Times Finance checked the previous financial reports and learned that Shenzhen Chase began its involvement in the supply chain business in 2017, with revenue of 104 million yuan that year, and then suddenly broke out from 2018 to 2020, with revenue reaching 1.447 billion yuan, 1.433 billion yuan and 1.928 billion yuan respectively. However, the operating costs of this business are almost the same as revenue. The costs from 2018 to 2020 are 1.423 billion yuan, 1.403 billion yuan, and 1.896 billion yuan respectively. The average gross profit margin in the three years is 1.81%.
The operating entity of Shenzhen Datong’s supply chain management business is Shenzhen Datong Zhiyuan Supply Chain Management Co., Ltd., the legal representative is Niu Chao, and the registered capital is 50 million yuan. Industry and commerce information shows that the company currently employs 17 people.
Times Finance called Chase Zhiyuan and showed that the phone number is the same as Shenzhen Chase. The relevant person said that “we don’t know the fixed line of the subsidiary. The 17 employees should be inaccurate.” However, it did not disclose the specific number.
When asked about the operating model of the supply chain business, relevant people in the company did not respond positively.
Times Finance reviewed the 2018 financial report and found that Shenzhen Datong’s description of the business model is “taking the relevant companies in the supply chain as a whole, and setting transaction plans based on the chain relationship formed in the transaction and the characteristics of the industry to promote logistics andCash flowAccelerated circulation of the company.” The company has not disclosed the partners and other specific information.
In recent years, Datong Zhiyuan Supply Chain Company has had many cases with a company called Jingmen Wangdong CoalcontractDisputes, but Times Finance called the latter, prompting the phone number to be empty.
In addition, Datong Zhiyuan established a new commercial factoring company in May 2018 with a registered capital of 100 million yuan, and the legal representative is still Niu Chao. Only half a year after its establishment, the net profit of Datong Zhiyuan Commercial Factoring Company at the end of 2018 has been at a loss, with a net asset of -79,000 yuan.
Times Finance noted that, in sharp contrast to the supply chain business, Shenzhen Datong’s private capital management business.
The financial report shows that the revenue of this private capital management business at the end of June 2019-2021 was 105 million yuan, 145 million yuan and 85 million yuan, respectively, and the corresponding gross profit margins were 98.87%, 98.84% and 64.15%, respectively.
Qingdao Datong Huixin Private Capital Management Co., Ltd. is the operating entity of private capital management business. The company obtained the “Private Financing Institution Business License” issued by the Shandong Provincial Local Financial Supervision Bureau in 2018, mainly for real economic projects in Shandong Province Carry out equity investment, debt investment, short-term financial investment, investment consulting and other businesses.
Obviously, private capital management business is the company with the highest gross profit margin, but in recent years private financing has certain risks.
The above-mentioned Shenzhen Chase related person told Times Finance that the company’s main business direction afterwards is industrial hemp and supply chain management.
Times Finance understands that the operating entity of Shenzhen Datong’s industrial hemp business is its subsidiary Yunnan Huayun Jinxin Biotechnology Company, which in June this year obtained an industrial hemp planting license issued by relevant departments in Dali Prefecture, Yunnan Province.
“Currently, we are arranging equipment and personnel to start planting business.” The above-mentioned person said, “The domestic application market of industrial hemp is actually not broad, and it belongs to the scope of strong supervision. However, the application is still very broad in the international market. It is also embarking on overseas deployment.”
The latest financial report shows that Shenzhen Chase’sshareholderMainly natural persons, the largest shareholder and actual controller is Jiang Jian, with a shareholding ratio of 21.42%; his concerted actor Zhu Lanying holds 19.21% of the shares and ranks the second largest shareholder; Qingdao Yaxing Industrial holds 13.57% of the shares, with equity penetration Later, Jiang Jian actually controlled it.
However, as of now, the shares held by the top seven shareholders of Shenzhen Chase are all inPledgeOr frozen state.
(Article source: Times Finance)
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