The First Tier Of Gem Delisting Is Approaching.

No ST transition period.

In September 16th, Tianlong optoelectronics was issuing a notice on major issues in the suspension of its status. The founding shareholder of Noah, a controlling shareholder in Noah, Changzhou, hopes to introduce new strategic investors through capital increase and share expansion, and further optimize the Noah's corporate governance structure in Changzhou. The successful introduction of strategic investors will lead to changes in the structure and actual controllers of the controlling shareholder of Tianlong optoelectronics. At present, both sides of the transaction have already entered into the preparation of business terms and related announcements.

After the announcement this year, Wanfu Sheng, Tianlong optoelectronics and Baoxi stock lost 2012 consecutive years and 2013 consecutive years, and issued a risk warning notice for suspension of listing.

According to the provisions of the Shenzhen stock exchange GEM Listing Rules (revised in 2012), the listed companies have suffered continuous losses for the past three years. Shenzhen Stock Exchange We can decide to suspend the listing of its shares. If the three companies fail to turn around in 2014, they will probably become the first companies to suspend their listing on GEM.

In addition to losses for three consecutive years, Gem There are other triggering conditions for suspending the listing, including the negative net assets in the latest year. The two years' audit reports negate or refuse to express their opinions; the matters involving non-standard opinions belong to a clear violation of the accounting standards and regulations of enterprises, and the relevant information disclosure regulations, which have not been corrected within four months.

According to the current regulations, the gem company has been losing money for two consecutive years, and it will start issuing the company after disclosing its first half year report. shares The risk warning notice that may be suspended from listing will be released once every five trading days until the risk of suspension is eliminated, or the Shenzhen Stock Exchange's decision to suspend the listing of the company's shares. Tianlong photoelectric, Wanfu Sheng Ke and Bao de stock's risk notice announcement will continue to be released.

　　 Turn loss into key

Under the pressure of delisting, how to protect the shell and turn losses into the market has become the focus of attention. The SFC clearly stipulates that it is not allowed to shell out the GEM listed companies. Without touching the backdoor red line, these delisting risk companies are actively undertaking other mergers and acquisitions, disposing of assets, obtaining government subsidies, and striving for major orders, so as to sprint deficits for their performance.

Tianlong optoelectronic board said that it will strengthen its main business with management, actively turn over inventory, further dispose of idle assets and seek relevant support, and strive for annual losses.

Before controlling shareholder Changzhou Noah announced the plan to introduce strategic investors in September 16th, Tianlong optoelectronics has also planned major events to maintain its listing position, but failed because the counterparty and its controlling shareholders failed to reach agreement on the transfer price. In August 13th, Tianlong photoelectric announcement signed the agreement on equipment purchase and supply with Guangdong boson light energy technology Co., Ltd. the contract amount was 95 million yuan, and the contract amount accounted for 43.07% of the total revenue in 2013. Tianlong photoelectric said that if the contract was successfully implemented in 2014, it will have a positive impact on the annual report performance.

Tianlong optoelectronic performance has also improved slightly. The company expects to make a profit of 11 million yuan to 16 million yuan in the third quarter, thereby reducing the loss in the first three quarters of this year. However, the company expects the accumulated losses in the first three quarters to be between 37 million yuan and 42 million yuan, and the fourth quarter losses will be enormous.

Wanfu Sheng branch was widely condemned in 2013 because of IPO fraud. The company has been suspended for more than a year, and the loss in the first half of 2014 was as high as 15 million 546 thousand and 100 yuan. Not only that, the Wanfu branch said in the announcement, because the company disclosed the performance loss in 2012 and 2013, if the financial data is adjusted, there will be a loss in 2011, then the Wanfu branch will have a continuous loss in 2011, 2012 and 2013.

In April this year, Wanfu Branch issued a notice to find the transferee to deal with idle assets such as machinery, equipment, land and factory buildings, so as to reduce the pressure of operation. At the end of July, Wanfu Sheng Ke also said that "taking full account of the changes in the market environment and the actual operation of the company" will terminate the three initial investment projects, and the termination of the above investment projects will help to save costs.

In order to achieve positive growth in the whole year's performance, Bao de shares took actions to sell real estate, plan and restructure, and advance orders. On the 11 day of June, Bao de shares announced the sale of a private property in the 604 room of block A, 48 of Xi'an science and technology road, hi tech Zone, at a price of 2 million 230 thousand yuan, with an increase of about 1 million 100 thousand yuan in the medium term profit. In the first half of this year, the performance of Bao de shares has been positive, breaking away from continuous performance losses. Beginning in July 11th, Bao de shares suspended due to the disclosure of major issues. The announcement of progress announced in September 5th said that the company and the parties concerned are actively promoting the reorganization of the work. The two sides have reached a consensus on the core terms of the transaction. The relevant documents of major asset reorganization are being examined by all parties concerned.