1. Since September 6, 2002/kloc-0, Xintai Electric has been suspended from listing by Shenzhen Stock Exchange. On the evening of April 24th, Xintai Electric, which suspended its listing, released its annual report 20021. The annual report shows that Xintai Electric achieved operating income of 1 billion yuan during the reporting period, a year-on-year decrease; Realized net profit, from profit to loss year-on-year, and the profit in the same period of last year was 1 10,000 yuan.
2. For the reasons for the decline in key operating performance during the reporting period, Xintai Electric attributed the key reasons to four reasons, namely, the negative impact of 202 1 various government agencies on the investigation and punishment of enterprises; The demand of users in key target markets has shrunk obviously and the demand has slowed down; The demand of superior users for products decreases, resulting in a decrease in product orders; Fierce market competition is intensifying, resulting in reduced profits and sharply increased costs.
3. Xintai Electric indicated that in 20021year, enterprises will complete delisting related work according to the delisting procedures of China Securities Regulatory Commission, which is a complicated and arduous task before Xintai Electric. 202 1 we should eliminate all external factors and take active and effective measures to ensure the smooth delisting and realize the orderly surplus of enterprises. After the delisting procedure is completed, enterprises should immediately restore their market share in the fields of State Grid and new energy.
Dandong Xintai Electric Co., Ltd. is a holding subsidiary of Liaoning Xintai Co., Ltd., which is located in the power electronic science and technology industrial park of Liaoning Xintai Co., Ltd. by the Yalu River with beautiful scenery, pleasant climate and convenient transportation. The registered capital of the company is 70 million yuan and the total assets are nearly 200 million yuan. At present, there are 560 employees, including engineers and technicians 1 10.