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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].
*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]
众泰汽车产量为零资产负债率96% 一年亏10亿高管薪酬反增61%
Chang Jiang Shang Bao· 2025-05-08 23:49
Core Viewpoint - Zotye Auto, once known as the "national car," is now facing severe operational challenges, with sales plummeting to just 14 vehicles in 2024, indicating a de facto halt in production [1][4][16]. Financial Performance - In 2024, Zotye Auto reported revenue of 558 million yuan, a year-on-year decline of 23.96%, and a net loss of 1 billion yuan, down 6.82% from the previous year [1][4]. - Cumulatively, since 2019, the company has incurred a total net loss of 25.35 billion yuan over six years [2][5]. - The company's total assets were reported at 3.606 billion yuan with total liabilities of 3.366 billion yuan, resulting in an asset-liability ratio of 93.33% by the end of 2024 [9]. Production and Sales - Zotye Auto's production and sales figures for 2024 were alarmingly low, with production at 0 vehicles and inventory at 336 vehicles, indicating that all sales were from existing stock [1][16]. - The company had previously seen better days, with sales reaching 166,000 vehicles in 2014 and peaking at a market value of 29 billion yuan in 2017 [13][14]. Management Compensation - Despite the poor financial performance, the total pre-tax compensation for the company's executives rose to 9.5491 million yuan in 2024, a significant increase of over 61% from 5.9145 million yuan in the previous year [2][12]. Debt Situation - As of the first quarter of 2025, Zotye Auto's asset-liability ratio reached 96.10%, indicating a precarious financial position [3][10]. Research and Development - The company has seen a drastic reduction in its R&D personnel, with numbers dropping from 161 to 81, a decrease of nearly 50% [20]. - R&D expenses also fell sharply, with 2024 expenditures at 5.7024 million yuan, down 86.97% year-on-year [21]. Future Outlook - Zotye Auto plans to focus on overseas market expansion and aims to resume large-scale production of its T300 model, although challenges remain due to its weakened competitive position [18][19].