Cross Border Mutual Gold Industry Failure Report Birds Due To Small Fish Gold Service To Reduce The Value Of 46 Million 358 Thousand And 200

Before and after 2015, the Internet financial industry boom has attracted many listed companies. However, the wave has faded, and under the background of deep rectification of the industry, the listed companies "go on the thunder" and lose a lot.

We have vigorously developed the mutual gold industry as the second main industry of clothing listed companies (002154, SZ) recently issued a notice, due to the weakening of market confidence, the industry regulatory policy is not clear, and so on, the company's wholly-owned subsidiary of Zhejiang news bird Venture Capital Co., Ltd. (hereinafter referred to as "bird of fortune" venture investment) Xiaoling financial information service (Shanghai) Co., Ltd. (hereinafter referred to as "small fish gold clothing") continued operation capacity was affected, the company reported the 10% of the small fish gold clothing owned by the company to carry out asset impairment test. According to the test results, the company made a total of 46 million 358 thousand and 200 yuan for the small fish gold clothing for sale of financial assets.

In regard to how to arrange for the huge amount of Internet Finance invested in the company's investment and how to plan further under the downward pressure of the main industry, the reporter sent a report to the birds in January 21st and sent an interview outline, but no reply was received before the deadline.

In May 12, 2015, he signed the investment cooperation agreement with Shanghai Gu Jin Financial Information Service Co., Ltd., and invested in the establishment of small fish and gold clothing. He invested 55 million yuan in the venture capital investment and held 10% stake in the small fish gold suit.

Through the wholly-owned subsidiary, Shanghai Yiyao Financial Information Service Co., Ltd. and Shanghai Rong Dou Financial Information Service Co., Ltd., the small fish gold clothing operates respectively in pocket finance and Zhang Cunbao (formerly Wenzhou loan) project, pocket finance and palm treasure are all Internet Financial platforms.

It is worth mentioning that in the first half of 2015, the news birds invested in Renren stage, Yongjia Hengsheng village bank, Wenzhou loan, pocket finance and other Internet financial areas, and the related investment exceeded 200 million yuan.

This time, the listed company said that due to the frequent thunderstorm in the Internet financial industry, investors' confidence in the market has weakened, and the volume of Internet financial industry has dropped sharply.

Coupled with the changing situation of the Internet financial industry, the industry regulatory policy has not yet been clear. Especially since the fourth quarter of 2018, the Internet financial lending platform registration is later than expected, and there is no definite timetable. The industry is facing great uncertainty in regulatory policy, and the scale of its operation is increasingly restricted. The pocket financing and palm stock treasure which are mainly based on P2P net loan are adversely affected.

According to the financial statements (Unaudited) provided by the small fish gold clothing, the operating income of small fish gold clothing in 2018 decreased by 49.62% compared with the same period last year, and net profit decreased by 65.24% compared with the same period last year.

It is reported that as at the end of 12 2018, the amount of financial assets available for sale was 117 million yuan, and the proposed balance of the reserve price was 71 million 358 thousand and 200 yuan, including 25 million yuan at the end of 2017.

Therefore, in 2018, the provision for impairment of the sale of financial assets is estimated to be 4635.82 yuan, accounting for 178.80% of the net profit attributable to the parent company in the latest accounting year.

Or strive to return to the main business.

Statistics show that the birds are mainly engaged in R & D, production and sales of brand clothing, and are listed in 2007.

The company was initiated by the wedding bird group, Wu Zhize, Wu Zhensheng, Chen Zhangyin, Wu Wenzhong and Ye Qinglai, and Wu Zhize was the legal representative of the news bird group.

Previously, there were no controlling shareholders and no actual controllers.

The above situation changed in 2018. After experiencing a series of holdings, the company's largest shareholder, Wu Zhize and its co operative Wu Tingting, and Shanghai Jinsha Investment Co., Ltd. altogether held 20% of the total share capital of the company. According to the relevant regulations, the news birds were changed from uncontrolled shareholders to Wu Zhize as the controlling shareholder of the company, and from the actual controller to Wu Zhize and its concerted action Wu Tingting and Shanghai Jinsha as the actual controller of the company.

The establishment of the real controller is also regarded as a precursor to the company's business going from enthusiastic crossover to dedicated return to the main business. Relevant analysis points out that in the background of investment finance, real estate and other difficult areas, similar clothing enterprises such as YOUNGOR (600177, SH) and Hong Kong stock (600400, SH) appear signs of returning to the main industry.

However, for the good news birds at present, how to reverse the situation is a difficult problem before Wu Zhize.

In November 19, 2018, the company announced the revised notice of performance notice. The company had expected net profit of 80 million 380 thousand yuan to 93 million 340 thousand yuan in 2018, up 210% to 260% over the same period last year.

After correction, net profit is expected to be 51 million 860 thousand yuan to 64 million 820 thousand yuan, up 100% to 150% over the same period.

The company explained that the performance change was mainly due to the termination of the equity incentive plan, which will accelerate the confirmation of the relevant share payment during the reporting period.

In addition, the company said in the announcement that the recent business situation of the apparel industry is more severe, and the terminal sales of the company have not reached the expected level, and the downward pressure on the growth rate is very great.

Its three quarterly report in 2018 showed that the company achieved operating income of 2 billion 99 million yuan, an increase of 24.59% over the same period last year. The net profit attributable to shareholders of listed companies was 70 million 618 thousand and 400 yuan, an increase of 319.66% over the same period last year.

Among them, net profit after deducting non recurring gains and losses was 33 million 788 thousand and 900 yuan, an increase of 186.62% over the same period last year.