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Bao Neng's shareholding in Zhongju Hi-Tech (600872) will decline again. On May 22, Zhongju Hi-tech announced that the Intermediate people's Court of Nanchang City, Jiangxi Province, will hold a judicial auction held by Zhongshan Runtian on the judicial auction network platform of Taobao from June 21 to 22, 2024.FastestfishintheworldCompany 1Fastestfishintheworld.893% shares.
Specifically, this will be auctioned.FastestfishintheworldZhongshan Runtian holds 14.87 million shares of Zhongju Hi-Tech unrestricted tradable shares, accounting for 1% of the company's total share capital.Fastestfishintheworld.893%. The auction will be conducted in seven batches, of which 2.174 million shares will be auctioned in five batches, accounting for 0.277% of the total share capital of the company, and 2 million shares in each of the other two batches, accounting for 0.255% of the total share capital of the company.
The evaluation shall be multiplied by the average closing price of the stocks for 20 trading days before the auction date by the total number of shares; in addition, the starting price of each auction lot shall be 95% of the evaluation. The deposit is 7 million yuan, with a price increase of 50, 000 yuan.
Zhongju's high-tech shares closed at 27.79 yuan on May 22; based on the latest closing price, the market value of the shares auctioned by Zhongshan Runtian is estimated to be about 400 million yuan.
At present, the above judicial auction matters are still in the publicity stage, Zhongju hi-tech prompt, the follow-up will involve bidding, payment, equity change transfer and other links, the auction results are still uncertain. If the above procedures are completed, the company will fulfill the obligation of information disclosure in time according to the follow-up progress.
As of May 21, 2024, Zhongshan Runtian held 61.4158 million shares of the company, accounting for 7.82% of the company's total share capital. This means that after the completion of the judicial auction, Zhongshan Runtian will hold nearly 5% of Zhongju's high-tech shares.
Baoneng, which is mired in a liquidity crisis, lost Zhongju Hi-Tech last year, and Torch regained its controlling position; after the change of ownership of the listed company, Baoneng shareholder Zhongshan Runtian faced contract disputes and other reasons, and its shares continued to be judicially disposed of or auctioned, and all the shares have been frozen by the judicial queue.
In addition, on December 20 last year, Zhongju Hi-Tech announced that due to the dispute over the loan contract of Pudong Development Bank, Zhongshan Runtian's 9 million shares of Zhongju Hi-Tech are under auction, accounting for 1.146% of the shares to pay off the debt of the case. Until January this year, the auction was suspended because of the applicant's application.
From the performance point of view, Zhongju's high-tech revenue dropped slightly last year compared with the same period last year, but the net profit reversed losses, and the net profit attributed to the shareholders of the listed company was 1.697 billion yuan, mainly because the company settled and withdrew the lawsuit with Zhongshan Torch Industry United Co., Ltd. return to the impact of the estimated liabilities in 2022.
In the first quarter of this year, Zhongju's high-tech profit increased by nearly 60% compared with the same period last year, and the net profit belonging to shareholders of listed companies reached 239 million yuan, which was mainly driven by Meiwei fresh Company, during which its purchasing unit price decreased, product structure optimized and income increased; in addition, Zhongju Seiko's net profit of belonging to its parent company increased by 1.3683 million yuan compared with the same period last year, mainly due to the increase in sales revenue of belt pulleys in the US market. Compared with the weak real estate business, Zhonghui Hechuang lost 1.0613 million yuan in net profit belonging to the parent company, mainly due to a decrease in commercial housing sales in the Yanmingju project compared with the same period last year, affecting the reduction in operating profits of real estate projects.
Zhongju Hi-Tech has high hopes for delicious food. According to the Strategic Plan for the next three years, the listed company aims to achieve a business income of 10 billion yuan and an operating profit of 1.5 billion yuan by 2026.