1, the problem is that judicial seizure is a judicial preservation measure taken by creditor banks to safeguard their own claims. This judicial security measure does not have a significant impact on the normal production and operation of the company. However, poor financial problems plague ST Zhongtian. The financial report shows that as of June, 2020, 65438+February, 3 1, the total assets of ST Zhongtian1165438+78 million yuan, and the debt ratio is as high as 98.56%.
2. The assets under property preservation this time include freezing the deposits of 230 million yuan in Jiangsu Hon Hai and Qingdao Zhongtian Bank, or sealing up or detaining their equivalent properties. And seized two LNG storage tanks and their ancillary facilities located at No.9 Debao Road, Jiangyin City under the name of Jiangsu Honghai for a period of three years. During the above-mentioned seizure period, no one may transfer, sell, mortgage, pawn or intentionally damage the seized property without the permission of the court.
3. Sealed LNG storage tank is a very important core asset of ST Zhongtian at present. ST Zhongtian once mentioned in the financial report that actively promoting the construction of Jiangyin LNG transit reserve station and Chaozhou Fujian-Guangdong Economic Cooperation Zone LNG storage and distribution station will provide an annual turnover capacity of 4 million tons, expand LNG throughput, and realize overseas LNG import and distribution, thus improving the logistics facilities in the middle reaches of the company's industrial chain and providing logistics guarantee for domestic LNG imports, which is of great significance to meeting the future urban natural gas demand.
4. The net profit has been losing money for three consecutive years. While the main assets are preserved by property, the financial situation of ST Zhongtian is also worrying. The financial report shows that in 2020, ST Zhongtian achieved an operating income of 554 million yuan, a decrease of 48.89% compared with the same period of last year; The net profit attributable to shareholders of listed companies is-603 million yuan. In fact, since 20 18, ST Zhongtian's net profit has been in a state of loss. Among them, from 20 18 to 2020, the net profit of ST Zhongtian is--80 10/00000 yuan,-3100000 yuan and-603 million yuan respectively.
5. In 2020, the COVID-19 epidemic led to the global economic downturn, the global energy demand shrank, and Canadian oil prices fell sharply. In 2020, the annual average price is about 39.35 USD/barrel, which is about 45% lower than the average price of 57.02 USD/barrel in 20 19. At the same time, in response to the low oil price environment, the company adjusted its overseas oil and gas exploration business accordingly, and temporarily closed some inefficient wells that were uneconomical in the low oil price environment, resulting in a decrease in the company's overseas crude oil and natural gas sales in 2020 compared with the same period of last year. Therefore, under the dual influence of sales volume and price, the company's overseas oil and gas exploration business income dropped sharply compared with the same period of last year, which affected the company's main business income decline.