Why did the reorganization of Shandong Huapeng fall?

Shandong Huapeng 20 15 landed in the A-share market. However, after listing, the net profit attributable to the company began to decline year by year. In 20 17 years, this indicator lost money for the first time. In the context of declining performance, Shandong Huapeng has also been planning to reorganize and save itself. It is planned to acquire the cross-border fire fighting robots (8.7 10, 0.00, 0.00%) and cosmetics business of Shanghai Juyiwang Industrial Co., Ltd. and Anhui Huning Intelligent Technology Co., Ltd., but failed.

The restructuring is not ideal, and the performance of Shandong Huapeng has not been able to reverse the trend. 20 17-202 1, the non-net profit attributable to deduction was negative for five consecutive years. In the first half of this year, Shandong Huapeng's performance was not satisfactory. Its operating income, attributable net profit and net profit after deducting non-profit were about 322 million yuan, -95 1 10000 yuan and-1.1000000 yuan respectively, down 31.42 yuan year-on-year.

Regarding the company's performance changes in the first half of the year, Shandong Huapeng said that the high price of bulk materials led to a substantial increase in the company's raw material costs, which had a great impact on product profits; In addition, due to the epidemic situation in COVID-19, poor logistics and inconvenient travel, the company's project progress has been delayed, and the acceptance of some projects has been affected, resulting in the reduction of completed projects, which has a certain impact on operating performance.

In an interview with beijing business today today, Bunaxin, vice president of the Science and Technology Industry Investment Branch of China International Association for the Promotion of Science and Technology and executive director of the Strategic Investment Think Tank, said that restructuring can indeed improve the company's performance as soon as possible, but the risk of goodwill impairment can not be ignored.