After preliminary examination by the court, as of June165438+1October 18, 2020, Shangyu Yonghui had more than 700 employees, which caused many lawsuits due to the default of payment to suppliers, and 3 supplier lawsuits have been decided or mediated, involving 28.44 million yuan. There are 36 unresolved lawsuits, involving a target amount of 39.46 million yuan; Eight cases involved enforcement. The applicant has been unable to pay off the debts due and obviously lacks solvency.
As of June 365438+1October 3 1 day, Shangshui Yonghui had total book assets of 733 million yuan, total liabilities of 858 million yuan and owner's equity of-125 million yuan. According to the announcement, Shangyu Yonghui applied to Shanghai No.3 Intermediate People's Court for bankruptcy liquidation on the grounds that it could not pay off its debts due and obviously lacked solvency. As of the announcement date, Shangshu Yonghui and its subsidiaries still owe Yonghui Supermarket 2,565,438 yuan +0.22 million yuan.
Shangshui Yonghui was established on 2065438+2003+65438+February 20, 2003. It was established by Shanghai Guo Sheng Group, Shanghai Vegetable Group, CDH Investment, Morgan Stanley and Shanghai Lanfang Capital with a registered capital of 420 million yuan. According to the enterprise survey data, the current shareholding structure of Shangshu Yonghui is: Shanghai Shangshu Agricultural Products Co., Ltd. holds 39.29%, Yonghui Supermarket holds 32. 14%, and Shanghai Lanshao Enterprise Development Partnership (Limited Partnership) holds 28.57%. According to the equity penetration data, it can be seen that the major shareholder Shanghai Shangshu Agricultural Products Co., Ltd. is associated with Shanghai Vegetable Group, Shanghai Guo Sheng Group, Shanghai Chengtou Group, Shanghai Jiushi Group and Guangming Food Group, and the ultimate beneficiary points to Shanghai SASAC.
The main reasons for bankruptcy:
First, Shangshu Yonghui originally wanted to leverage the composition of shareholders to achieve complementary resources. However, after the establishment of the company, Shanghai Vegetable Group did not provide much help. Yonghui Supermarket, which has the advantages of fresh supply chain and is good at operation, no longer participates in the operation of Shanghai vegetable Yonghui, and other shareholders lack retail genes. A series of problems, such as who will make the decision and who will be responsible, remain unresolved. In this way, complex equity institutions have become a major constraint to the development of Shangyu Yonghui.
Second, the final bankruptcy of all enterprises broke out from the financial level, but the beginning of most enterprises themselves has already decided to end. Although Shangyu Yonghui had a very strong shareholder team at the beginning of its establishment, it has never been a decisive factor in determining the success of an enterprise. The decisive factor is whether the shareholder team has a highly consistent value pursuit and concept with investing in an enterprise, whether it is around resource integration or clear customer value creation.
Thirdly, from the business perspective, since its establishment, Shangshui Yonghui has lacked clear and stable ideas in business positioning and basic operation, which precisely reflects the unclear internal governance structure and chaotic management. The major shareholder who has absolute control over Shangshui Yonghui should be responsible for the bankruptcy of Shangshui Yonghui.
On February 9, 65438, Yonghui Supermarket issued an announcement in response to the application for bankruptcy liquidation of Shanghai Shangshu Yonghui Fresh Food Co., Ltd., saying that the bankruptcy liquidation of Shangshu Yonghui would not affect the company's investment income in 2020 and beyond.