Guangzhou Langqi, formerly known as Guangzhou Grease Chemical Plant, was founded in 1959, and is a designated manufacturer of early daily chemical products in South China. 1993, the company officially listed on Shenzhen Stock Exchange, and it is one of the top 100 light industry enterprises in China. What does the 572 million inventory mean to Guangzhou Langqi? Since its listing, the accumulated net profit of Guangzhou Langqi is only 4190,000 yuan.
This makes Guangzhou Langqi, which is already heavily in debt, bear a heavier burden. According to the announcement, as of September 24, 2020, the company's overdue debts totaled about 395 million yuan, accounting for 20.74% of the company's latest audited net assets, involving the freezing of 65,438+02 bank accounts.
On the evening of September 29, Guangzhou Langqi announced that a person involved in the case had been transferred to the public security organ and the public security organ had filed a case for investigation. At the same time, the company's rights and interests will be safeguarded according to law through litigation and other means.
Affected by the Black Swan incident, Guangzhou Langqi had two daily limit on September 28th and 29th, and closed down by 9.74% on September 30th.
These two warehouses should have stored pesticides and chemical raw materials with the value of 453 million yuan and1.1.90 billion yuan respectively.
Ruili warehouse: Guangzhou Langqi subsidiary, without the qualification of hazardous chemicals storage.
According to the announcement of Guangzhou Langqi, the company signed a logistics outsourcing warehousing contract with Hong Shen Company, and the company stored the goods in Ruili warehouse at this address.
However, according to the information of Tianyancha, Guangzhou Langqi is indeed related to Qiheng Agrochemical, and the former holds 25% of the latter. The largest shareholder of Qiheng Agrochemical is Wang Jian, holding 49% of the company's shares.
Although most of the public's understanding of Guangzhou Langqi is daily necessities, such as washing powder, the main business of Guangzhou Langqi is actually chemical trade. According to the information disclosed by Guangzhou Langqi, the contents of the company's trade business are mainly goods such as intermediate products or raw materials and other chemical raw materials needed for manufacturing washing products. In 20 19 and 20 18, the proportion of trading business income to operating income was 74.23% and 76.00% respectively, and the gross profit margin was only 1.48% and 1.66 respectively. The production and sales of washing powder, liquid detergent, soap and other products shall not exceed 16% of the company's total sales revenue.
20 13 In July, Guangzhou Langqi disclosed the acquisition announcement, and planned to spend1980,000 yuan to acquire 25% equity of Qiheng Agrochemical Co., Ltd. According to the asset acquisition announcement, Qiheng Agrochemical and its shareholder Wang Jian also signed an investment guarantee agreement with Guangzhou Langqi, promising that the net profit for the current year and the next four fiscal years will not be less than 65,265,654 after the investment is completed.
However, Qiheng Agrochemical failed to fulfill its original performance promise. Guangzhou Langqi no longer hopes for this cross-border investment. On September 20 18, it was announced that it planned to transfer 25% equity of Qiheng Agrochemical by means of public listing of property rights trading institutions. According to the announcement at that time, Guangzhou Langqi has received1.1.40 billion compensation over the years. After the equity acquisition, it can not only recover the cost, but also increase the value.
20 19,10 In June, Guangzhou Langqi announced that the ultimate transferee of the equity was Jiangsu Luye Agrochemical Co., Ltd., and the transfer price was 202 million yuan. However, as of June 30, 2020, Jiangsu Luye Agrochemical Co., Ltd. has not paid the second equity transfer payment in full according to the agreed time, so the equity transfer transaction has not been completed so far.
Hong Shen Company: The court has accepted bankruptcy liquidation.
Due to the bankruptcy and reorganization of Hong Shen Company, Huang Yongjun, the legal representative, was also restricted from high consumption, and Hong Shen Company located in Matang Town, Rudong County was also deserted. The office location in the park has also become the express station of express companies such as Zhongtong and Shunfeng. Only the "Jiangsu Hong Shen Logistics Technology Co., Ltd." at the entrance of the park still exists, and the "Safety Commitment Letter" posted in the park still has the signature signed by Huang Yongjun in April 20 19.
According to public information, on March 6th this year, Rudong County People's Court has ruled to accept Hong Shen's application for bankruptcy liquidation. According to the civil ruling of bankruptcy, Hong Shen Company was established on April 5, 2004, and its business scope includes special cargo transportation (container) of highway general cargo transport aircraft, development of logistics technology, special cargo transportation (container) of highway dangerous goods, etc.
According to Huang Yongjun, Hong Shen Company signed a contract with Langqi in September last year, but Hong Shen Company is a transportation company and has no warehousing qualification. The Ruili warehouse signed in the contract was unilaterally contacted by Langqi Guangzhou, and Hong Shen Company will be responsible for the transportation task in the future.
Huang Yongjun said that because of his company's debt problems, he lacked business and funds. After signing the warehousing agreement, he didn't see the warehousing inventory, and it was not easy to ask.
HSBC Warehouse: The warehousing contract is forged and has been reported to the public security organ.
According to the announcement of Guangzhou Langqi, the company has signed four storage contracts with HSBC to store the goods in the storage area of HSBC's second-phase wharf in Dafeng Port, Jiangsu Province.
However, this warehousing contract was quickly denied by HSBC. On the second day after Guangzhou Langqi announced the loss of goods, Jiangsu HSBC Bio-agriculture Co., Ltd. (*ST HSBC, 002496. SZ, the parent company of HSBC, also announced that its subsidiary Jiangsu HSBC Petrochemical Co., Ltd. has never signed a relevant warehousing contract with Guangzhou Langqi, and Guangzhou Langqi has never stored any goods in the HSBC Petrochemical Reservoir Area.
After comparison, *ST Huifeng claimed that the "Seal of Jiangsu Huifeng Petrochemical Co., Ltd." on the inventory list provided by Guangzhou Langqi was obviously inconsistent with the seal of Huifeng Petrochemical, which was forged. At present, HSBC Petrochemical is proceeding to report the case to the public security organ and request the public security organ to file a case for investigation.
*ST Huifeng is a national designated backbone pesticide production enterprise, mainly engaged in the production of pesticides and hazardous chemicals (safety licensing opinions and environment are established according to hazardous chemicals construction projects); Insecticide, bactericide, vegetable preservative, herbicide, etc. , with a number of subsidiaries in Yancheng City, Jiangsu Province, is a key listed company in Yancheng City, Jiangsu Province. HSBC, a related party of HSBC Warehouse, is held by *ST HSBC 100%.
In fact, as early as mid-September, when investigating the whereabouts of 572 million shares, Guangzhou Langqi doubted the possibility of "radish chapter".
According to the announcement, Guangzhou Langqi hired a lawyer to inquire about the internal industrial and commercial files of HSBC in Dafeng District Administrative Examination and Approval Bureau of Yancheng City, Jiangsu Province, but still failed to verify the authenticity of the relevant documents stamped with the seal of HSBC.
However, the staff also pointed out that the materials stored in the archives of the administrative examination and approval bureau do not involve the materials of the business activities of the two companies, such as warehousing cooperation agreements or goods inventory forms. Most of the internal documents are business licenses, changes in equity information and other certificates. The staff speculated that Guangzhou Langqi might need to compare the official seal on the warehousing contract with these internal documents to distinguish the authenticity.
Regarding the possible "radish chapter" incident, the staff member said that it is still necessary to know the truth from the signatory of the warehousing contract in order to save all the truth.
Although business is poor and funds are tight, Guangzhou Langqi has nearly 654.38+300 million "windfall" to rescue it from the crisis recently.
On September 24th, Guangzhou Langqi announced that the company had just received the third-phase land compensation of 436,543.8 billion yuan paid by Guangzhou Land Development Center, which was part of the huge land acquisition and storage compensation at the end of 20 19.
It is reported that in 20 19, due to the need of urban renewal and upgrading in Guangzhou, Guangzhou Land Development Center stored Langqi Guangzhou at No.28/Kloc-0, Huangpu Avenue East, Tianhe District, Guangzhou (formerly Langqi Headquarters). As of September 24th, 2020, Guangzhou Langqi has received 654.38+0.294 billion yuan of land compensation paid by Guangzhou Land Development Center, accounting for 60% of the total compensation.
Proofreading: Luan Meng