As of July 16, Guanghui Automobile has closed below 1 yuan for 19 consecutive trading days, and the stock price closed at 0.
87 yuan per share on that day.
On July 17, Guanghui Automobile currently fell to a daily limit, with its share price at 0.
78 yuan per share, and it is about to delist at face value.
According to relevant regulations, if the daily stock closing price of the company’s stock for 20 consecutive trading days is lower than RMB 1, the company’s stock may be terminated from listing and trading by the Shanghai Stock Exchange.
, regarding the delisting risks faced by the company, Guanghui Automobile said that one of the main reasons is that the previously adopted high-transfer distribution model has allowed the share capital to reach 8.
3 billion shares.
However, due to the inability to shrink shares and the siphon effect of low-priced stocks, the company is now on the verge of delisting.
Previously, Guanghui Automobile had adopted various methods to recover its defeat, including repurchase of the company’s shares, transfer of control rights, etc.
Although these methods had a certain extent of impact on the stock price, they still failed to help Guanghui Automobile escape the risk of delisting.
After Guanghui Automobile announced its intention to transfer control to Jinzheng Technology, on July 15, the company’s highest share price exceeded 1 yuan/share, but the closing price eventually fell back to 0.
97 yuan/share.
, with the face value of Guanghui Automobile locked in for delisting, whether the transaction between Guanghui Automobile and Jinzheng Technology will continue will await confirmation by both parties in the next step.
According to Guanghui Automobile’s performance forecast, the company expects a net profit loss of 583 million yuan to 699 million yuan attributable to shareholders of listed companies in the semi-annual 2024.
Guanghui Automobile said that due to the downgrade of market consumption and the intensification of competition in the industry, major car companies are engaged in a price war to seize market share, resulting in a decline in the company’s new car sales scale and gross profit margin compared with the same period last year.
Guanghui Automobile achieved operating income of 138 billion yuan in 2023 and net profit of 392 million yuan.
Both operating income and net profit are positive profits.
However, in 2022, Guanghui Automobile exposed a loss of 2.
629 billion yuan.
After deducting non-recurring gains and losses, the loss amount reached 2.
963 billion yuan.
The net cash flow generated from operating activities was once negative at-3.
048 billion yuan.
(Compiled/Car Home Wang Yin), return to the first electric network home page>,.
