According to the announcement of Shanghai No.3 Intermediate People's Court, the bankruptcy liquidation case of Heng 'an Apartment was accepted on June 4, 65438, and its creditors should declare their claims online before March 20.
In fact, in 2020, Zero2IPO was exposed to bankruptcy rumors. At that time, the company rumored that it was still operating normally despite difficulties.
The financial report shows that diners' apartments have been at a loss. From 20 17 to 2020, the company's net loss increased year by year, with a cumulative loss of nearly 2.8 billion yuan in four years.
With the decline of performance, the share price of Zero2IPO apartment has also been falling all the way in the shock. 20 1 1 17 10 on the day of listing in October, the issue price was $65,438 +07, but now the share price of Zero2IPO Apartment is only $0.49, and the share price has dropped by 97%. Moreover, because the share price of Diner Apartment has been lower than 1 USD for a long time recently, it faces the risk of delisting from Nasdaq.
The first parent rent of Zero2IPO apartment went bankrupt and liquidated.
There are no executable properties.
According to the survey data, on June 5438+1October 65438+August, Shanghai Zero2IPO Public Rental Housing Management Co., Ltd. (hereinafter referred to as Zero2IPO Apartment) announced a new bankruptcy case, and the handling court was Shanghai No.3 Intermediate People's Court. The announcement shows that the court ruled on June 4 that 65438 accepted the bankruptcy liquidation of the company, and its creditors should declare their claims online before March 20. The court is scheduled to hold the first creditors' meeting on March 30th 14336000.
According to the data, the plug-in apartment was established in 20 14 1 1. The legal representative and suspected actual controller is Jin Guangjie with a registered capital of 500 million RMB. As of August +0, 20265438, the total assets of the company at the end of the period were 754,357,423.59 yuan, the total liabilities were 65,438+0,036,5438+0,877,874.90 yuan, and the total owner's equity was-277,520,456,5430 yuan.
According to a ruling issued by Shanghai No.3 Intermediate People's Court on June 4th, 65438/KLOC-0, some creditors also applied to the court for bankruptcy liquidation of Zero2IPO Apartment. After the bill came into effect, the company failed to fulfill its payment obligations, and the creditor applied for enforcement. Because there is no property available for execution, the court terminated the execution procedure.
In fact, according to several enforcement orders of Zero2IPO, the court has issued an enforcement notice to the person subjected to execution, ordering him to fulfill his obligations stipulated in legal documents within a time limit, summoning him to appear in court for investigation and inquiry, and declaring the property status, but the person subjected to execution failed to fulfill his obligations and failed to declare the property.
In August, 20021year, a court ruling document showed that Zero2IPO apartment was facing financial deterioration and the company had no property to execute. This ruling shows that the nail apartment should pay 86,200 yuan to Shanghai Vipshop Micro-loan Co., Ltd. and bear the execution expenses. The court froze the bank account in the name of the person subjected to execution, and the balance was insufficient. All the properties under the name of Zero2IPO Apartment were seized by other courts.
On June 4th of the same year 10, Zero2IPO Apartment announced that it had received a notice from the staff of the listing qualification department of Nasdaq Stock Market Co., Ltd. on September 28th, 2026, which showed that the closing price of the American Depositary Receipt (ADS) of Zero2IPO was lower than 1 USD per share for 30 consecutive working days, and the company failed to meet the minimum bid requirements stipulated in NASDAQ Listing Rules 5450.
According to the survey data, the number of information about youth guest apartments has soared to 2469 in 2020, while it was only 52 in 20 19. Judging from the causes of the cases, the vast majority of cases are disputes over housing lease contracts. At the same time, the company faces 2,894 risks, including bankruptcy and reorganization, dishonesty of the executed person, restrictions on high consumption, the executed person and a series of high risks.
The net loss is increasing year by year.
The accumulated loss in four years is nearly 2.8 billion yuan.
From 20 13, the long-term rental apartment market began to be hot, and the follow-up apartment began to expand "crazy". According to its prospectus, in 20 12, the number of apartments was more than 900, and by the end of 20 18, it had soared to 9 1200, with a compound annual growth rate of 1 14%, covering six cities. Behind the barbaric growth, it all depends on the "blood transfusion" of investment institutions, H.
The financial report shows that Heng 'an Apartment has been in a state of loss, and the net loss has been rising year by year, with a cumulative loss of nearly 2.8 billion yuan in four years. Specifically, from 20 17 to 20 19, the net profit of Hengan Apartment was-245 million yuan,-499 million yuan and-498 million yuan respectively. In 2020, the loss further expanded. The annual report for fiscal year 2020 (as of September 30, 2020) disclosed by Zero2IPO Apartment shows that the net loss of Zero2IPO reached 65.438+53.4 million yuan, up 208% year-on-year; Total assets decreased by 52.73% year-on-year to 856.543 billion yuan, and total liabilities rose to 2.845 billion yuan.
With the further expansion of losses, the debt ratio of Zero2IPO apartments is also rising. As of September 30, 2020, the total liabilities of Hengan Apartment were 2.845 billion yuan, up 9% year-on-year, and the total assets were 856.543 billion yuan, down 52.73% year-on-year. Financial data show that Zero2IPO apartments are insolvent.
As for the reasons for the loss, Hengan Apartment pointed out in the financial report that the COVID-19 epidemic had a negative impact on the company's business, operating performance and financial status. Especially in the first quarter, a large number of tenants lost, the rental rate dropped, and the average rent of houses fell, resulting in a decrease in income. At the same time, due to the continuous poor performance compared with the expected operating performance, the long-term assets of Zero2IPO Apartment were impaired by about 847 million yuan, an increase of 1732.7% compared with 46.2 million yuan in fiscal year 20 19.
Insiders pointed out that in addition to the impact of the epidemic, the business model is also one of the reasons for the shortage of funds in diners' apartments. According to the analysis, the early long-term rental apartments seized the housing with "high income and low rent", and there was a situation of "income upside down", which led to great financial pressure on the cost side. On the other hand, taking advantage of the time difference, the scale is enlarged by means of long payment and short storage, which leads to great risk of operating leverage.
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