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*ST万方大股东持有的公司股票出现流拍,尚存被第二次司法拍卖和后续被处置可能
Zheng Quan Shi Bao· 2025-09-03 12:01
Core Viewpoint - The auction of 90.86 million shares held by the major shareholder, Wanfangyuan, of *ST Wanfang has failed due to no bids, which does not change the company's control [1][2][4] Group 1: Auction Details - The auction was scheduled from September 2 to September 3, 2025, on the Taobao judicial auction platform, involving 90.86 million shares, representing 100% of Wanfangyuan's holdings and 29.18% of the total share capital of the company [1][2] - The auction results indicated that all items were "unsold, no bids," confirming the failure of the auction [2] Group 2: Shareholder Status - Wanfangyuan holds 90.86 million shares, which are fully pledged and frozen, representing 29.18% of the total share capital [3] - There is a risk of future auctions for these shares, as they may still be subject to judicial sale [1][2] Group 3: Control and Governance - If the shares were to be sold and transferred, Wanfangyuan would lose its status as the major shareholder, leading to a potential change in the company's controlling shareholder and actual controller [4] - The company has disclosed risks associated with potential changes in control to its board and major shareholders [4] Group 4: Regulatory Issues - The company is under investigation by the China Securities Regulatory Commission for suspected violations of information disclosure laws [4]
*ST万方大股东持有的公司股票出现流拍,尚存被第二次司法拍卖和后续被处置可能
Core Viewpoint - The auction of 90.86 million shares held by the major shareholder, Wanfangyuan, of *ST Wanfang was unsuccessful, resulting in no change in the company's control [1][2]. Group 1: Auction Details - The auction was scheduled by the Changchun Intermediate Court from September 2 to September 3, 2025, but all shares were left unsold due to lack of bids [1][2]. - The shares represent 100% of Wanfangyuan's holdings and 29.18% of the total share capital of *ST Wanfang [1][2]. Group 2: Shareholder Status - Wanfangyuan's shares are fully pledged and frozen, with a total of 90.86 million shares involved, which is 100% of its holdings and 29.18% of the total share capital [3]. - There is a risk of future auctions or disposals of these shares, which could lead to changes in control [1][2]. Group 3: Business Operations - *ST Wanfang's main business focuses on agriculture and military industries, producing raw grains and precision components for various sectors [1]. - The agricultural segment includes products like corn and rice, while the military segment provides precision machining and special welding services for aerospace and defense [1]. Group 4: Control and Governance - If the shares were to be successfully auctioned and transferred, Wanfangyuan would lose its status as the major shareholder, potentially leading to a change in control and the automatic invalidation of voting rights previously delegated to Huide Industrial [4]. - The company is currently under investigation by the China Securities Regulatory Commission for suspected violations of information disclosure regulations [4].
这四家公司被立案调查,早有“苗头”!
IPO日报· 2025-07-28 10:41
Core Viewpoint - The China Securities Regulatory Commission (CSRC) has initiated investigations into multiple listed companies for violations related to financial data misrepresentation and information disclosure, reflecting a "zero tolerance" approach towards financial fraud and a commitment to stricter regulation in the securities market [1][3][6]. Group 1: Investigated Companies - *ST Muban (603398) is under investigation for suspected false disclosures in its annual reports and other periodic financial statements, having previously received warnings from regulatory authorities [1][3]. - Taiyuan Heavy Industry (600169) and Ruibeka (600439) are also being investigated for information disclosure violations, with both companies having received prior warnings from regulators [1][6]. - *ST Muban has shifted its business focus from educational toys to solar energy after acquiring Inner Mongolia Haoan Energy Technology Co., Ltd., but reported a net loss of 1.16 billion yuan for 2024 due to oversupply and fierce competition in the solar industry [3][4]. Group 2: Specific Violations - *ST Muban has been found to have committed four major violations, including incorrect financial information disclosures, improper use of raised funds, and multiple errors in its annual report [3][4]. - Taiyuan Heavy Industry has experienced significant fluctuations in its net profit from 2022 to 2024, with figures of 88.92 million yuan, -16.64 million yuan, and 28.02 million yuan respectively, and has been cited for failing to disclose major lawsuits and related party transactions in a timely manner [6]. - Ruibeka reported a net loss of 118 million yuan in 2024, marking its first loss since going public, and has been cited for multiple disclosure failures, including non-disclosure of non-operating fund transactions with related parties [7]. Group 3: Regulatory Actions - The Jiangxi Securities Regulatory Bureau has mandated corrective actions for *ST Muban and its executives, including warnings and recording violations in their integrity files [4]. - The Henan Securities Regulatory Bureau has also imposed administrative measures on Ruibeka, requiring corrective actions and issuing warnings to responsible individuals [7]. - *ST Wanfang, primarily engaged in agriculture and military industries, has faced trading risk warnings due to its financial performance, with a reported net profit of 10.65 million yuan and a negative net profit of -460.13 million yuan after excluding non-recurring gains [8].
000638,立案调查!
Zhong Guo Ji Jin Bao· 2025-07-25 11:29
Core Viewpoint - *ST WanFang is under investigation by the China Securities Regulatory Commission (CSRC) for suspected violations of information disclosure regulations, following inaccurate earnings forecasts and subsequent penalties from the Shenzhen Stock Exchange [1][3][6]. Group 1: Regulatory Actions - On July 25, *ST WanFang announced it received a notice from the CSRC regarding the initiation of an investigation for suspected information disclosure violations [1]. - The Shenzhen Stock Exchange publicly reprimanded *ST WanFang and its executives for failing to provide accurate and complete earnings forecasts for the fiscal year 2024 [3][6]. Group 2: Financial Performance and Forecasts - In the initial earnings forecast on January 24, 2025, *ST WanFang estimated a net profit of 20 million to 25 million yuan, with a non-recurring profit of 3 million to 4.5 million yuan, but did not provide revenue estimates [5]. - A correction on April 18 revised the revenue forecast to 380 million to 400 million yuan, with a net profit adjustment to 10 million to 15 million yuan, indicating a potential loss of 4 million to 6 million yuan in non-recurring profits [5]. - The annual report released on April 28 showed actual revenue of 391 million yuan, a net profit of approximately 10.65 million yuan, and a non-recurring profit loss of about 4.6 million yuan, leading to a risk warning for delisting [5]. Group 3: Company Overview - *ST WanFang primarily operates in the agriculture and military industries, with agricultural products including raw grains and feed corn, and military services focusing on precision processing and special welding for aerospace and defense sectors [6]. - As of July 25, *ST WanFang's stock price was 4.3 yuan per share, with a total market capitalization of 1.3 billion yuan [6].
000638,立案调查!
中国基金报· 2025-07-25 11:14
Core Viewpoint - *ST WanFang is under investigation by the China Securities Regulatory Commission (CSRC) for suspected violations of information disclosure laws, which has led to a formal case being opened against the company [2]. Group 1: Regulatory Actions - On July 1, the Shenzhen Stock Exchange publicly reprimanded *ST WanFang and related parties for inaccurate performance forecasts [5][6]. - The CSRC issued a notice of investigation to *ST WanFang on July 25, indicating ongoing scrutiny of the company's compliance with disclosure regulations [2][4]. Group 2: Performance Forecast Issues - On January 24, 2025, *ST WanFang initially forecasted a net profit of 20 million to 25 million yuan for 2024, with a non-recurring profit of 3 million to 4.5 million yuan, without estimating revenue [9]. - A correction on April 18 revealed a revenue estimate of 380 million to 400 million yuan, with a revised net profit forecast of 10 million to 15 million yuan, and a projected loss of 4 million to 6 million yuan for non-recurring profit [9]. - The annual report released on April 28 showed actual revenue of 391 million yuan, a net profit of 10.65 million yuan, and a non-recurring loss of 4.6 million yuan, leading to a risk warning for potential delisting [9][10]. Group 3: Company Overview - *ST WanFang primarily operates in agriculture and military industries, with agricultural products including raw grains and feed corn, and military services focusing on precision processing and special welding for aerospace and defense sectors [11]. - As of July 25, the stock price of *ST WanFang was 4.3 yuan per share, with a total market capitalization of 1.3 billion yuan [12].
*ST万方9086万股司法拍卖突然撤回!北京三中院未移交股权处置权
Sou Hu Cai Jing· 2025-07-22 08:34
Core Viewpoint - The judicial auction of 90.86 million shares held by the major shareholder Wanfangyuan of *ST Wanfang has been withdrawn, adding uncertainty to the anticipated change in control of the company [1][3]. Group 1: Background and Impact of the Judicial Auction Withdrawal - Wanfangyuan was subject to forced execution by the Changchun Intermediate Court due to a loan dispute with Jilin Jiutai Rural Commercial Bank, leading to a court ruling for the auction of its entire stake in *ST Wanfang, which represents 29.18% of the company's total share capital [3]. - The auction was scheduled for July 22-23 on the Taobao judicial auction platform but was retracted due to procedural issues, specifically the failure of the Beijing Third Intermediate Court judge to transfer the relevant equity disposal rights [3]. - As of the announcement date, the withdrawal of the auction has not significantly impacted the company's daily operations, which remain normal [3]. Group 2: Future Auction Risks and Company Response - Despite the withdrawal, *ST Wanfang has cautioned that there remains a risk of the shares being auctioned again in the future, indicating that the loan dispute with Jiutai Rural Commercial Bank has not been fundamentally resolved [4]. - The company's board and management have committed to maintaining normal production and operations, ensuring that business activities proceed in an orderly manner [4]. - *ST Wanfang's main business includes agriculture and military industries, with agricultural products primarily consisting of raw grains or feed corn and rice, while the military segment provides precision processing and special welding services for various metal components used in aerospace, shipbuilding, and armament industries [4].
*ST万方:大股东持有的公司股票撤回司法拍卖,相关股份仍存在被重新拍卖的风险
Core Viewpoint - The auction of *ST WanFang's major shareholder's shares has been retracted due to jurisdictional issues, but the risk of future auctions remains, potentially affecting the company's control structure and financial performance [1][2][3] Group 1: Auction and Shareholder Control - The Changchun Intermediate Court planned to auction 90.86 million shares held by WanFang Yuan, representing 29.18% of the total shares, on July 22-23, 2025 [1][2] - The auction was retracted because the Beijing Third Intermediate Court did not transfer the disposal rights of the shares [1][2] - If the shares are auctioned and sold in the future, WanFang Yuan could lose its status as the major shareholder, which would automatically invalidate the voting rights entrusted to HuiDe Industrial [3] Group 2: Financial Performance - *ST WanFang expects a net loss of 4.5 million to 6.5 million yuan for the first half of 2025, compared to a profit of 1.0471 million yuan in the same period last year [3] - The significant decrease in net profit is attributed to the previous year's recovery of receivables, which resulted in a reversal of credit impairment losses of approximately 7.8 million yuan [3] - Non-recurring gains and losses are expected to impact net profit by about 580,000 yuan, mainly from government subsidies received by subsidiaries [3]
*ST万方大股东所持公司股份面临拍卖 公司控制权或变更
Core Viewpoint - *ST WanFang is facing significant changes in its ownership structure due to a court-ordered auction of shares held by its major shareholder, WanFang Yuan, which may lead to a loss of control and potential changes in actual control of the company [1][2][3] Group 1: Company Ownership and Control - The Changchun Intermediate Court will auction 90.86 million shares held by WanFang Yuan, representing 29.18% of the total share capital of *ST WanFang, on July 22-23, 2025 [1] - Following the auction, WanFang Yuan will lose its status as the largest shareholder, which raises the risk of changes in the controlling shareholder or the absence of an actual controller [1][3] - WanFang Yuan previously delegated voting rights for 80.44 million shares (25.83% of total shares) to Huide Industrial, making it the controlling shareholder, but this delegation will automatically become invalid if WanFang Yuan loses its shares [3] Group 2: Financial Performance - In 2024, *ST WanFang reported revenue of 391 million yuan, a 133.70% increase year-on-year, with a net profit attributable to shareholders of 10.65 million yuan, marking a turnaround from losses [1] - The company’s net profit after deducting non-recurring items was -4.60 million yuan, indicating a reduction in losses compared to the previous year [1] - The financial indicators have triggered a delisting risk warning under the Shenzhen Stock Exchange rules, as the company’s net profit and revenue metrics fell below specified thresholds [2]