On April 9th, the share price of *ST Zhongfu (600595) closed at 3. 15 yuan, with a decrease of 0.94%.
On the evening of April 8, *ST Zhongfu announced its 2020 performance report. The company's annual revenue was 8010.80 billion yuan, up 48.22% year-on-year. The net profit loss attributable to the mother was about 654,380+0.783 billion yuan, and the non-net profit loss was 950 million yuan.
For the reasons for the pre-increase in operating income, *ST Zhongfu explained that the main reason is that the company's electrolytic aluminum capacity transfer is progressing smoothly. The first bid section10.25 million tons and the second bid section10.25 million tons of LAM Raymond Aluminum Power Capacity Transfer Project were put into production in May and July, 2020 respectively. The company continued to increase the global market development and layout of aluminum deep-processed products, and further optimized the product structure.
As for the reasons for the pre-loss of net profit, it is mainly caused by the provision of various impairment losses. Among them, 580 million yuan of mining right impairment, 732 million yuan of bad debt provision and external guarantee loss, and 923 million yuan of overdue debt liquidated damages need to be accrued.
Compared with the previous estimated loss of 654.38+03 billion yuan to 654.38+05 billion yuan, the increase of this loss is mainly due to the corresponding increase of bad debt reserve and external guarantee loss reserve, as well as the provision of liquidated damages for overdue debts!
A loss of 654.38+0.5 billion is also a loss, and a loss of 654.38+0.7 billion is also a loss. Why not thank some? It's also convenient to turn losses into profits at one time. ...
On the same day, *ST Zhongfu announced the 20021first quarter performance forecast. The company expects to achieve operating income of about 3.22 billion yuan in the first quarter, an increase of about 654.38+0.86 billion yuan compared with the same period last year. The estimated net profit is about 654.38+0.75 billion yuan, and the non-net profit is about 654.38+0.45 billion yuan.
For *ST Zhongfu, whose main business has suffered losses for many years, this is undoubtedly a positive signal that its performance is improving. ...
According to the data, Henan Zhongfu Industrial Co., Ltd. was formerly Gongxian Power Plant and was founded in 1975. 1998, Gongxian Power Plant and Gongxian Aluminum Plant realized asset reorganization, creating the first "aluminum-electricity integration" industrial model in China. In 2002, Zhongfu Industrial entered the A-share market.
In 2002, Zhongfu Industrial's revenue was only 579 million yuan, reaching131900,000 yuan in 20 1 year, nearly 22 times in less than ten years; But the profitability is not ideal. In 2007, the non-net profit was deducted more than 500 million yuan, 20 1 1 less than 50 million yuan.
In 20 12, Zhongfu's industrial business declined and its net profit was halved. After deducting non-net profit, the exposure loss exceeded 654.38 billion yuan. There has been no profit since then. Counting the pre-loss of 950 million yuan in 2020, the total loss in the past nine years has exceeded 665.438 billion yuan! ! !
Moreover, Zhongfu Industrial, which has been in high debt for many years, has climbed to more than 88% in 20 18 and 20 19, and even exceeded 90% by the end of the third quarter of 2020.
After being deeply involved in the debt crisis, in August, 2020, the creditors filed an application with the court to reorganize the company, because the company was unable to pay off its debts due and obviously lacked solvency. At the same time, Yu Lian Group, the controlling shareholder, was also applied by creditors to the court for reorganization. In June 5438+065438+ 10 and February 65438+February of the same year, the court decided to accept the judicial reorganization of the controlling shareholder and the listed company. ...
This is undoubtedly a big positive for Zhongfu Industry, which is conducive to improving the company's asset-liability structure, reducing or eliminating historical burdens and improving the company's profitability.
The latest announcement shows that as of April 7, 2008, 567 creditors have filed claims with the administrator, with a total amount of about 654.38+06.767 billion yuan. At present, the restructuring work is progressing in an orderly manner. ...