Noble Bird Net Profit Plunged 70% Of Controlling Shareholders 750 Million Market Share Was Also Subject To Judicial Freeze

2018 first half financial results show that

Revenue fell 2.67% compared to the same period last year, while net profit dropped 73.51%.

Bad news came out of the dangerous birds.

On the night of September 20, 2018, A share listed companies and sports brand "noble birds" announced that some of the shares held by the controlling shareholder, Hongkong bird Limited (Group) Limited, were frozen by law.

The announcement shows: "because the Xiamen International Trust Company and the noble bird group have the enforcement effect notarization creditor's right instrument case, the company has 101 million 695 thousand shares of unlimited sale of circulating shares and fruits, which has been frozen by the Xiamen intermediate people's court."

It is reported that the freezing time is September 19, 2018, and the freezing period will be from now until September 18, 2021.

At the closing price in September 21st, the controlling shareholder of the company was frozen by law.

About 750 million yuan.

As of the announcement date, the Group owned 479 million 115 thousand shares of the company, all of which were tradable shares with unlimited sale conditions, accounting for 76.22% of the total share capital of the company.

After the shares were frozen, the number of shares held by the company was 101 million 695 thousand shares, accounting for 16.18% of the total share capital of the company.

The birds immediately said that the freezing of shares did not affect the control and normal production and operation of the company.

The shares were frozen, which was related to the recent collapse in the stock price.

In June 14th of this year, the price of expensive bird reached its highest point of 28.9 yuan, with a total market value of 18 billion 180 million yuan.

After that, the birds traded down for 8 consecutive trading days.

By the end of September 20th, the stock price of the company was about 7.41 yuan, with a total market value of only 4 billion 708 million yuan.

In the past three months, the share price has fallen by more than 74%, and the market value has evaporated more than 13 billion.

When the stock price plummeted, the birds responded that the production and operation were normal, and there was no significant change in the market environment and business plan.

However, after the stock price plummeted, the large number of stocks that had previously been pledged by the precious birds were facing a risk of explosion, and there was no sign of a rise in share prices.

It is worth noting that the first phase of the employee stock ownership plan in 2017 will be lifted in September 29th this year, but the current share price has lost nearly 70% of its ESOP.

2018 in the first half of the year, the income of the precious birds decreased by 2.67% to 1 billion 536 million yuan, and net profit decreased by 73.51% to 34 million yuan.

At the same time, the poor bird of honor managed to close the shop. In the first quarter of 2017, there were 78 new stores, but 133 were closed in the first quarter of this year, when the net closed 376.

In order to throw away the poor performing assets, in August this year, the 13.66% stake in tiger sports will be priced at 273 million yuan.

Management Limited.

After the pfer was completed, the birds recovered 239 million yuan of investment and made a profit of 30 million yuan, all of which were used to repay the principal and interest of the loan.

Before selling HPO shares, the company announced that it intends to hold shares.

37% of the shares of Kangpai sports consulting company are pferred to the National Sports City Limited by Share Ltd of Jinjiang.

In order to get rid of the risk of losing money, the precious birds hope to get rid of their negative results.

However, judging from the current situation, there are still many problems faced by the sports brand.