The "Gray Rivers And Lakes" In The Bidding Field: The Chairman Of The Wind Language Building Was Arrested In The First Half Of The Year, And The Winning Amount Of The Company Dropped By 4.7%.

Thunder at midnight. On the evening of November 12th, 603466.SH announced that the company's actual controller and chairman and general manager Li Hui was arrested in November 12th by the Shunyi sub Bureau of Beijing Public Security Bureau for further investigation.

Similar to the action taken by the former chairman of the new town holding company after being detained by prison, the wind and language building was quick to respond. On the same day, the board of directors was convened, the company director and Li Hui's wife Xin Haoying were elected to perform the duties of chairman, general manager and legal representative.

There is no suspense. In November 13th, when the wind was built, the word limit fell to 14.81 yuan.

On the morning of November 13th, in twenty-first Century, the business reporter tried to contact the wind and securities department to ask for details. Dong Miru's call was later suspended. At noon, Ru Jianmin replied to the reporter: "the company is learning and verifying the relevant information. If further information is available, it will be announced in time."

Public information shows that the main business of the wind language building includes the planning, design, implementation and maintenance of the digital culture exhibition experience system. The main undertaking is the museum, exhibition hall and other items. The sales mode is to undertake business and provide services by participating in the bidding mode. Li Hui was arrested on suspicion of collusion in bidding. In the eyes of the insiders, it seems inevitable that there are many grey areas in the bidding field.

Total decline in hand orders

Li Hui was arrested without warning. Twenty-first Century economic news reporter was informed that the day of the day (12) morning, Li Hui's WeChat circle of friends is still updated, and in the evening, the news of being arrested in Beijing.

That night, Feng language building quickly elected Li Hui's wife Xin Haoying to perform relevant duties. At the same time, he said that the company had a sound organizational structure and standardized governance system, and all production and operation activities were normal.

Public information shows that wind language building is the provider of a digital cultural display experience system as a whole solution. Popularly speaking, it is the use of 5G+VR, AR, AI and other technologies to provide planning and implementation of digital culture display experience system for city hall, museum, science and Technology Museum, etc.

The building of wind language is mainly undertaken by bidding and bidding, and the winning of the project is the most important prerequisite for the construction of wind language. Therefore, in its sales mode, the first step is to get market information through various public information channels such as local government development and Reform Commission, construction project information website and tendering network, etc.

The sales model of wind and language determines that its service targets are mainly government agencies and large state-owned enterprises. The 2018 annual report shows that the company's revenue comes mainly from the planning, design and implementation services of the exhibition system, such as city hall and park hall invested by government departments and large enterprises.

From the performance point of view, in recent two years, the revenue and profit growth rate of wind building has slowed down significantly. In 2018, wind and building revenue reached 1 billion 710 million yuan, an increase of 13.95% over the previous year. After four years, the growth rate remained above 20%. In 2018, the net profit was 211 million yuan, an increase of 26.96% over the same period last year, while the net profit growth rate in 2016 and 2017 was 47.57% and 71.26% respectively.

Dongxing securities research report pointed out in the commenting 2018, "the company's target of service is mainly government agencies and large enterprises. In 2018, the domestic economy is down, and government departments and large enterprises have reduced investment in the exhibition industry, thereby affecting the growth of the company's business."

In twenty-first Century, the economic report reporters found that the same industry, such as 300592.SZ, had a similar decline in 2018 revenue and net profit, or even negative growth.

Since 2019, the performance of wind language construction has been warmer. The growth rate of revenue in the three reporting periods is 8.06%, 12.06% and 14.07% respectively, and the net profit growth rate is 7.96%, 12.37% and 20.16% respectively. Over the same period, the creative performance of Hua Kai also showed signs of recovery.

However, judging from the winning contract, the situation is still not very optimistic. In the first half of this year, Feng language construction had won the bid without signing a contract order of 45, an increase of 13 compared with the same period last year, but the total amount was 970 million yuan, down 4.7% from the same period last year. 204 contract orders have been signed, an increase of 50 compared with the same period last year, with a total value of 3 billion 720 million yuan, down 2.4% from the same period last year.

On the whole, the number of orders placed in hand orders increased, but the total amount decreased by 2.9% compared with the same period last year, indicating that the amount of individual items was low. However, its advantage lies in the fact that due to the relatively short construction period, the order can be quickly reflected to the revenue side.

Bidding for "gray rivers and lakes"

Back to Li Hui, the founder of Feng language building, graduated from the Department of architecture of Tongji University and founded the company in 2003. In October 2017, wind and landing built on the main board of the Shanghai Stock Exchange, Li Hui and Xin Haoying were the founders and real controllers of the company.

Three quarterly reports show that Li Hui and Xin Haoying hold 27.76% and 33.62% of the company's shares respectively. Among the top ten shareholders, natural shareholders accounted for 7 seats, an increase of two seats compared with the semi annual report. Shanghai Ding Hui Da Yan venture investment and Shanghai Hongying equity investment hold 1 million 826 thousand and 600 shares and 1 million shares respectively. The former is a member of the "capital Hui" Department of the capital bigwigs. In addition, the north capital also held 284 thousand shares of the company's stock, and the three quarterly report fell out of the ten largest shareholder of the company.

In the case of Li Hui's arrest, the crime of collusion, in November 13th and twenty-first Century, the economic report reporter consulted a building industry insider in Jiangsu, trying to understand the "gray rivers and lakes".

"Series tendering does exist in practice. When a project is open to tender, the bidder needs to reach a certain quantity. Some companies join the other bidders in bidding for each other in order to win the bid, or several of them are actually the same person. Another is a series of tenders by tenderers and tenderers. It is likely that the situation in the wind and language building is being reported by the other bidding companies. The industry said.

Jiang Tong Fei, a lawyer at Shanghai Shentong law firm, said, "this kind of behavior pattern is likely to be colluded with the tenderer and constitute the crime of collusion. So this police action is likely to involve many people. The possibility of connecting with other tenderers is relatively low, because if it is a large project, it is very difficult for a company to control other companies.

It is worth noting that Li Hui was arrested by the Beijing Public Security Bureau Shunyi branch, Jiang Fei, and the police were Beijing Shunyi District. The Beijing project is more likely to be out of question. 2018 annual report shows that wind and building revenue from North China accounted for less than 5%.

In the afternoon of November 13th, Zhang Shuyu, deputy general manager of Feng Yu building, interviewed by the times finance, said that Li Hui is currently working closely with the survey, which involves a single project in 2017.

Reporters inquired publicly information found that in 2017, wind language building has won the bid for Beijing Shunyi District city life exhibition hall design and construction integration project.

In addition, the reporter inquired the relevant legal interpretation and found that according to the standard of sentencing for the crime of collusion bidding, a natural person who commits this crime shall be sentenced to fixed-term imprisonment of not more than three years or criminal detention. He or he shall also pay a penalty. If a unit commits this crime, the unit shall be fined, and the person directly responsible for the crime and other persons directly responsible shall be investigated for criminal responsibility in accordance with the above provisions.

As to whether or not unit crime is involved, Jiang Fei said, "it depends on the decision-making process. If the bidding series is passed through the collective decision of the unit, it should belong to the unit crime and vice versa."