CCTV News: Let ’s take a look at a public company with a lot of fate. The chairman and deputy chairman of this company have lost contact for almost a year. Regulators and investors have been confused about who is the actual controller of the company This company is Qiulin Group, which is already * ST Qiulin. A few days ago our reporter visited this company.
The reporter came to the headquarters of the Qiulin Group in Harbin. Despite the light snow, the outdoor temperature was close to minus 20 degrees, the mall was crowded and hot, and customers bought goods, and everything looked as usual. Many people don't know that the chairman and deputy chairman of this listed company have been out of touch for almost a year.
On February 15, 2019, Qiulin Group announced that China Securities Depository and Clearing Corporation Shanghai Branch has judicially frozen the companies held by its shareholders Jiayi Industrial, Benma Investment, and Yihe Gold to assist the Tianjin Public Security Bureau. Shares, these three parties are parties acting in concert, holding a total of over 52% of the shares in absolute control of Qiulin Group. The company announced on February 16 that it lost contact with Chairman Li Ya and Vice Chairman Li Jianxin. The actual controller of the company has also become a mystery.
Reporter: "What is not clear about the actual controller?"
Pan Jianhua, President of Qiulin Group: "Now we have hired Dacheng Lawyer to verify this. This is also an issue that the Shanghai Stock Exchange pays more attention to, and it still needs to be further verified. See the announcement. The announcement shall prevail."
After the incident, the Shanghai Stock Exchange and the regulators questioned who the actual controller of Qiulin Group was? Whether the actual controller has any share holdings. What does it have to do with the disappearing two chairmen?
In terms of rights and interests, the actual controller of Qiulin Group is Ping Guijie, but Ping Guijie said in response to the inquiries from the regulatory department that the rights are his, but the company is controlled and responsible by Li Jianxin and Li Ya. He did not actually participate in the company's operation and management. Qiulin Group entrusted Beijing Dacheng Law Firm to conduct an investigation. The chairman and vice chairman of the company could not verify with him because the company's chairman and vice chairman were out of contact. No results have been found.
Reporter: "What are the current regulatory requirements for the company?"
Pan Jianhua, President of Qiulin Group: "The supervisory authorities require us to disclose (information) in a timely and practical manner in accordance with the laws and regulations and in accordance with the listing rules."
Mystery "Autumn Forest": Litigation in the gold business is "yellow"
For nearly a year, the chairman and deputy chairman have lost contact with each other. What impact has it had on Qiulin Group? Who manages the company?
After Chairman Li Ya and Vice Chairman Li Jianxin lost contact, five professional managers within the company formed an emergency leadership group. President Pan Jianhua was elected as the acting chairman and was fully responsible.
According to the 2018 audit report issued by the accounting firm to Qiulin Group, the company raised a total of 3.695 billion yuan in bad debts in the year due to suspected fraudulent accounts and "lost" inventory. According to the current gold price conversion, this amount can be equivalent to nearly 10 tons of gold value. The 2018 annual report shows that the company's annual revenue reached 4.726 billion yuan, a year-on-year decrease of 30.67%, and its net profit was negative 4.131 billion yuan, a year-on-year decrease of 2625%. With the release of the huge annual loss report, the company was put on file for investigation by the Securities Regulatory Commission, and was then issued a delisting risk alert.
Reporter Li Jiong: "Qiulin Group involved three lawsuits in 2019, with a total amount of up to 1.6 billion yuan, which also seriously affected the normal operation of the company. So how are these cases currently progressing?"
Qiulin Group was the defendant in these several contract disputes. President Pan Jianhua, who presided over the work during the interview, told reporters that one of the cases involved the largest amount of money. The Bohai Trust borrowed a total of 1 billion guarantee cases. The Zhejiang High Court has already sentenced Qiulin Group won the lawsuit.
Pan Jianhua, President of Qiulin Group: "In this case, we should say that the company has unburdened 1 billion yuan of burden. The other two cases, one is a case of Hua Xia Bank, a case of 300 million, and 3.4 of Longjing Bank One of these cases is currently in the process of being tried. From the evidence we have at present, we are not involved in the above matters and the company should not bear corresponding legal liabilities. "
Pan Jianhua said in an interview that the company's gold sector business has basically come to a halt because the chairman and vice chairman have lost contact. And this sector accounted for 90% of the company's main business income in the past.
Qiulin Group: return to the original main business
The main business of Qiulin Group is divided into four sections: gold processing and sales, investment and financing, department stores and food sales. What about the rest of the company's business after the stagnation of the gold business?
Reporter Li Jiong: "Qiulin is the oldest department store in Harbin and even the Northeast. As the core of Qiulin Group's department store and food sales, what is the current operating situation here?"
Qiulin Group's main business at the beginning of its listing was department stores and food sales. Pan Jianhua told reporters that the company's current focus is on developing these two traditional businesses.
Pan Jianhua, President of Qiulin Group: "The focus of our work is currently seeking better development in both department stores and food. We have signed a cooperation framework agreement with Beidakura Group. Through cooperation, we can form a commercial integration with the original department store across the wall."
The reporter saw that the original Harbin Department Store was undergoing internal decoration on the north side of the old building of Qiulin Company.
Sun Xiaochun, deputy general manager of Qiulin Group: "Qiulin will conduct in-depth cooperation with the department store next door, expand the commercial area of more than 30,000 square meters, form a commercial complex, and better provide a large number of customers with a Good shopping space. "
Qiulin's company is best known for Russian-style bread and red sausage, and there are long lines in front of the sales counter.
Sun Hongmei, director of the office of Qiulin Food Company: "Qiulin food brand is a household name in Harbin, and it is still very popular with the people. Now our counters are kept in line every day, and the sales are always very good, especially near the New Year. Nowadays, people come to buy New Year's goods very much. This group has formed a platoon, and the overall sales situation is very good. "
Qiulin Co., Ltd., located at the crossroads of Gogol Street and Dazhi Street, has been operating for nearly 120 years since Qiulin Foreign Trade in 1900. It still has a place in the Harbin Department Store Food Market. Can Qiulin Group rely on the original The rise of the main industry? When will the missing chairman appear? We will continue to pay attention.