员工巨亏过亿、大股东股份被冻 亚士创能实控人陷员工持股“兜底”困局

Core Viewpoint - The inability of the actual controller of Asia Energy (亚士创能) to fulfill the guaranteed returns for the employee stock ownership plan has plunged the company and its actual controller into a deep financial crisis [2][4]. Group 1: Shareholding and Freezing - The shares held by the controlling shareholder, Shanghai Chuangnengming Investment Co., Ltd., and the actual controller, Li Jinchong, have been frozen, with a total of 78.66 million shares (18.35%) and 20.30 million shares (4.74%) respectively [3][4]. - As of the announcement date, 88.11% of the total shares held by the controlling shareholder and its concerted parties are under freezing status [3]. Group 2: Employee Stock Ownership Plan - The employee stock ownership plan, launched in 2020 and 2021, promised a guaranteed return of 6% per annum, but has resulted in significant losses due to a stock price drop of over 88% from its peak [6][8]. - The estimated loss from the principal alone for the two phases of the employee stock ownership plan is approximately 108 million yuan, and when including the promised returns, the total liability could exceed 125 million yuan [6][9]. Group 3: Financial Performance and Debt - Asia Energy's revenue has drastically declined from 31.08 billion yuan in 2022 to 3.97 billion yuan in the first three quarters of 2024, representing a year-on-year decrease of 76.97% [12]. - The company's debt pressure is increasing, with a debt-to-asset ratio rising from 60.26% in 2020 to 81.35% in 2023, and interest-bearing liabilities reaching 2.55 billion yuan, while cash reserves are only 142 million yuan [12]. Group 4: Legal Proceedings - The dispute over the employee stock ownership plan has entered judicial proceedings, with a court freezing 98.95 million shares held by the controlling shareholder and the actual controller due to a request for property preservation by a plan holder [12]. - Previous freezing of shares occurred due to a 150 million yuan factoring contract dispute, resulting in 140 million shares being frozen [12].