news

한어Русский языкEnglishFrançaisIndonesianSanskrit日本語DeutschPortuguêsΕλληνικάespañolItalianoSuomalainenLatina

*st furun (600070), whose stock price was below 1 yuan per share for many consecutive days in june and july this year, has been on a "cheating" trend since the end of july: in the 30 trading days from july 24 to september 3, it has hit the daily limit 22 times. on the evening of september 3, the company's stock price closed at 2.25 yuan per share.

on the evening of september 3, *st furun announced that its stock had hit the daily limit for 18 trading days from august 2, 2024 to september 3, 2024, with a share price increase of 100.89%. the stock price fluctuated greatly and investors paid more attention.

in order to protect the interests of investors, the company will conduct an investigation into the stock trading situation. upon application, *st furun's stock will be suspended from the opening of the market on september 4, 2024, and will resume trading after the disclosure of the investigation announcement. the suspension is expected to last no more than 3 trading days. the company reminds investors to pay attention to the risks of secondary market transactions.

in addition, *st furun stated that after self-examination by the company's board of directors, it has sent confirmation letters to the company's controlling shareholder and actual controller furun holding group co., ltd. (hereinafter referred to as "furun group"), zhejiang zhuji huifeng venture capital co., ltd. (hereinafter referred to as "huifeng venture capital"), and zhao linzhong. in addition to the matters that have been disclosed, as of the date of disclosure of this announcement, the company, the company's controlling shareholder and actual controller furun group, huifeng venture capital, and zhao linzhong have no major information that should be disclosed but has not been disclosed, such as planning major asset restructuring, share issuance, acquisition, etc. of the company.

*st furun’s stock price has recently risen against the trend, which may be related to the rumors of a backdoor listing.

on august 6, *st furun announced that the company's board of directors reviewed and approved the proposal to add directors. in view of the resignation of jin shuangshuang, the non-independent director of the company's 10th board of directors for personal reasons, it agreed to nominate chu xin as a candidate for the company's 10th board of directors' non-independent director, with a term of office from the date of approval by the company's shareholders' meeting to the expiration of the current board of directors. the announcement shows that chu xin is currently the chairman of jiangsu xinruibei biotechnology co., ltd. (hereinafter referred to as "jiangsu xinruibei").

jiangsu xinruibei’s official website shows that the company focuses on the fields of green fine chemicals and bio-based new materials. it is a wuxi unicorn and a leading enterprise in the bio-based new materials industry.

the company has developed bio-based products belonging to the "zero-carbon" industrial chain, which can be used in the textile, daily chemical, beauty, medicine, agriculture, food and other industries to replace traditional petroleum-based chemicals. the raw materials are renewable and the cycle is short.

jiangsu xinruibei has maintained close strategic partnerships with huntsman, basf, dupont, archroma and other international first-line brands for a long time, and has successively obtained investments from well-known institutions such as jiangsu jinmao, beijing baipeng fund, harbin baipeng fund, sugaoxin fund, etc. at present, the company is in the process of listing on the main board.

on august 31, *st furun further announced that in view of the fact that the company's director, vice chairman and co-general manager gong wenhua has submitted his resignation to the company's board of directors and resigned from the positions of vice chairman and co-general manager, after qualification review by the company's board of directors' nomination committee, all directors unanimously agreed to elect chu xin as the company's vice chairman and appoint him as the company's co-general manager, with a term of office from the date of approval by this board of directors to the end of the company's tenth board of directors.

however, in the announcement disclosed on the evening of september 3, *st furun mentioned its relationship with jiangsu xinruibei and stated: the company recently established zhejiang xinruibei biotechnology co., ltd. (hereinafter referred to as "zhejiang xinruibei") with jiangsu xinruibei and xinxida (shanghai) biotechnology co., ltd. (hereinafter referred to as "xinxida"). no capital has been invested so far. the company holds 40% of the shares and does not hold a controlling stake or consolidate the financial statements.

up to now, zhejiang xinruibei has only completed the industrial and commercial registration, has not yet recruited employees, has not actually carried out business, has not generated any operating income or investment income, and there is significant uncertainty about its subsequent operating conditions.

there is no other relationship between the company and jiangsu xinruibei and xinxida, which jointly invested in zhejiang xinruibei, in terms of property rights, business, assets, debts and liabilities, personnel, etc. the company also has no plan to acquire zhejiang xinruibei, jiangsu xinruibei and other targets through major asset restructuring. investors are kindly requested to make rational decisions and pay attention to investment risks.

at the same time, due to large fluctuations in the company's stock price, after self-inspection, the company and its subsidiaries' production and operation are normal, and there are no other major changes in the main business at present.

in 2023, the audited operating income of *st furun was 93.2317 million yuan, and the operating income after deducting business income unrelated to the main business and income without commercial substance was 72.8977 million yuan, and the non-net profit was -514 million yuan. the company's financial report was issued with an audit report that could not express an opinion. therefore, the company was issued a delisting risk warning from april 30, 2024. in addition, due to the negative opinion issued on the internal control audit report for 2023 and the receipt of the "administrative penalty decision" issued by the zhejiang regulatory bureau of the china securities regulatory commission, *st furun's stock was superimposed with other risk warnings.

in 2024, *st furun's net profit attributable to the parent company was a loss of 88.0445 million yuan, and its net profit attributable to the parent company after deducting non-recurring items was a loss of 93.3447 million yuan. the company stated that the net profit attributable to shareholders of the listed company before and after deducting non-recurring items in the first half of 2024 was negative. if the company's audited total profit, net profit, or net profit after deducting non-recurring gains and losses in 2024 is negative and its operating income is less than 300 million yuan, the company's stock will be delisted after the disclosure of the 2024 annual report.