Due to the violation of laws and regulations related to letter disclosure, massive data ( 13.27 -6.48%, clinic ) (603138.SH) The actual controller was put on file for investigation.
On the evening of June 15, massive amounts of data were disclosed. The CSRC decided to file a case against the company's controlling shareholders and actual controllers, Chen Zhimin and Zhu Huawei, due to suspected violations of laws and regulations on shareholding changes and trading during the restricted period.
The Changjiang Commercial Daily reporter noticed that the investigation by Chen Zhimin and his wife this time was not unrelated to their previous illegal reduction of holdings. In fact, at the beginning of this year, Chen Zhimin and his wife received a warning letter from the Beijing Securities Regulatory Bureau because they did not stop trading and disclose the company's stock when the shareholding ratio decreased by 5%.
Just three years after the massive data listing in March 2020, after the ban on the shares held by Chen Zhimin and his wife was lifted, the two began to intensively reduce the company's shares. Even after receiving a warning letter at the beginning of the year, they did not stop the reduction. The Changjiang Commercial Daily reporter roughly calculated that in the past two years, the two have reduced their holdings and cashed out a total of 368 million yuan, and their shareholding ratio has also dropped from 62.93% when the ban was lifted to 47.31%.
Behind the fact that the actual controller did not hesitate to reduce their holdings in violation of regulations, listed company the operating performance of the massive data In the five years since its listing, the company's net profit has dropped by 74% as a whole.
The implementation of three rounds of reduction in two years involves violations of laws and regulations
At the beginning of the year, Chen Zhimin and his wife were placed on file for investigation after receiving a warning letter for reducing their holdings in violation of regulations.
On the evening of June 15, massive amounts of data were disclosed. The CSRC decided to file a case against the controlling shareholders and actual controllers, Chen Zhimin and Zhu Huawei, due to suspected violations of laws and regulations on shareholding changes and trading during the restricted period.
Chen Zhimin and his wife have long been punished by supervision for "disclosure of information on shareholding changes in violation of laws and regulations". The Changjiang Commercial Daily reporter noticed that on March 6, 2017, massive data landed on the main board of the Shanghai Stock Exchange. Just three years after listing, restricted shares were lifted , on the evening of March 11, 2020, Zhu Huawei, the company's controlling shareholder and actual controller, proposed a reduction plan. 3.8% of the total share capital. In September of that year, the reduction plan was completed, and Zhu Huawei actually reduced 7.0486 million shares, accounting for 2.79% of the total share capital.
In March last year, Chen Zhimin and his wife threw out the second round of reduction plan. The two planned to block transactions holdings of the company by no more than 15.1599 million shares in total by means of
After six months, the above-mentioned reduction plan will expire. Chen Zhimin and Zhu Huawei reduced their holdings by 3,974,200 shares and 10,008,900 shares, respectively, with a reduction ratio of 1.54% and 3.89%, and a reduction of 46.087 million yuan and 18.1834 million yuan respectively.
It is worth mentioning that in this shareholding reduction, Chen Zhimin and his wife did not stop the shareholding reduction when the cumulative shareholding change ratio reached 5% of the company's issued shares as required, nor did they fulfill their obligation to disclose changes in equity in a timely manner. It also became the fuse for the two to be investigated by the regulatory authorities.
Subsequently, the massive data announced that Chen Zhimin and his wife received about 43.5552 million yuan of proceeds from the illegal reduction of holdings this time, and the two promised that all the proceeds from the illegal reduction of holdings would be turned over to the listed company before December 31, 2021.
In December last year, Chen Zhimin and his wife handed over the proceeds from the illegal holding reduction as agreed, but this illegal operation was still subject to regulatory penalties. On January 10 this year, the Beijing Securities Regulatory Bureau issued a warning letter to Chen Zhimin and his wife.
But even after receiving the warning letter, the two did not stop reducing their holdings. On January 19, Chen Zhimin and his wife threw out the third round of shareholding reduction plan. It is estimated that the reduction of the company's shares will not exceed 6.8424 million shares, with a reduction ratio of 2.42%.
A month later, the two terminated the reduction ahead of schedule. In this round of reduction, Chen Zhimin and Zhu Huawei reduced their holdings by 2,832,800 shares and 1,176,800 shares respectively, with a reduction ratio of 1% and 0.42%.
The Changjiang Commercial Daily reporter roughly calculated that in the past two years, Chen Zhimin and his wife completed three rounds of reduction plans, cashing out a total of 368 million yuan. The total shareholding ratio has also dropped from 62.93% when the ban was lifted to the current 47.31%.
Net profit turned from profit to loss, stock price fell 56%
After the warning letter was issued at the beginning of the year, why did Chen Zhimin and his wife continue to reduce their holdings of the company? This is not unrelated to its financial status and the "roller coaster" market of massive data year-to-date.
Previously, when it came to the income from the illegal reduction of holdings and turned over, massive data had disclosed that Chen Zhimin's income from the illegal reduction of holdings was about 43.5552 million yuan, of which nearly 64% had been used to return the stock-pledged financing loan. Since the company went public in 2017, its total dividend income from the company has been 32.2487 million yuan, and the company's business transformation dividend level has been relatively low in the past two years. Based on the above-mentioned objective situation, and considering the large amount turned over and the continuous repayment of stock-pledged financing loans, its current funds are not sufficient.
The Changjiang Commercial Daily reporter noticed that shortly after the implementation of this round of reduction, on September 23 last year, Chen Zhimin lifted the pledge of some of the shares he held.
The third round of share reduction was completed in February this year, and massive data was also disclosed on the same day. After the shares were released from the pledge, Chen Zhimin and Zhu Huawei no longer had stock pledges.
It is worth noting that the time when the third round of the reduction plan was thrown coincided with the peak of the stock price in the secondary market of massive data. On January 20 this year, the massive intraday data surged to 32.05 yuan per share, and the stock price doubled in one month. However, since then, the stock price of massive data has continued to fall, falling below 11 yuan on April 26.
After announcing that the actual controller had been filed, the market opened on June 16 with a limit-down of massive data and closed at 14.19 yuan per share, a decrease of 10.02% and a decrease of 56% from the highest point at the beginning of the year.
However, behind the intensive reduction of shareholders' holdings and the sharp drop in stock prices, the fundamentals of massive data are not good. In 2017, the company landed on the A-share market . From 2016 to 2020, it achieved operating income of 470 million yuan, 518 million yuan, 537 million yuan, 551 million yuan, and 397 million yuan, and net profit of 43.6049 million yuan, 56.8899 million yuan, 54.1526 million yuan, 58.7565 million yuan, 34.6534 million yuan.
In 2021, Mass Data achieved operating income of 421 million yuan, a year-on-year increase of 6.02%; net profit of 11.2733 million yuan, a year-on-year decrease of 67.47%, and an overall decrease of 74% compared with the net profit in 2016, the year before the listing.
In the first quarter of this year, the operating income of the massive data was 78.8558 million yuan, a year-on-year decrease of 22.84%; the net profit and the net profit after deduction both turned from profit to loss to 10.7538 million yuan and 11.3248 million yuan year-on-year.
