From March 25 to the latest trading day, the stock price of Meibang Apparel has closed for 7 consecutive daily limits. The stock price is higher than the intraday price on March 24. It has already exited the doubling market, and its market value has rapidly climbed from around 3.7 billion yuan to the latest level of around 7.8 billion yuan. Because the stock price rose too much in the short term and the company’s multiple announcements of changes were unclear, regulatory attention immediately came.
Affected by the Xinjiang cotton incident, March 25 Since then, Meibang Apparel’s stock price has begun to rise. In the “Announcement on Abnormal Stock Trading Fluctuations” released on March 29 and March 31, Meibang Apparel stated that the information disclosed in the previous period did not need to be supplemented or corrected, and the company’s controlling shareholders and actual controllers did not have any information about the company. Major matters should be disclosed but were not disclosed.
In a letter of concern issued by the Shenzhen Stock Exchange to Meibang Apparel on April 2, it required Meibang Apparel to verify and explain whether the company had consulted the company’s controlling shareholders or actual Controller, whether it has received relevant replies and disclosed truthfully, whether there are any undisclosed major matters that should be disclosed, and whether the public media has recently reported any undisclosed major information that has a greater impact on the company’s stock trading price.
In addition, according to the relevant provisions of the Shenzhen Stock Exchange’s “Guidelines for the Standardized Operation of Listed Companies”, the Shenzhen Stock Exchange requires Meibang Apparel to explain in detail the company’s recent investigations by institutions and individual investors. situation, whether there are matters that violate the principle of fair disclosure; whether the company’s directors, supervisors, senior managers and their immediate family members have purchased or sold the company’s stocks.
According to the latest disclosure of Meibang Apparel, the company and its subsidiaries have reviewed assets that may have signs of impairment at the end of 2020 (including inventories and accounts receivable). , other receivables, non-current assets due within one year, long-term receivables, investment real estate, etc.), after a comprehensive inventory and asset impairment test, it is planned to make a provision for impairment of various assets in 2020 of 366 million yuan. After considering the impact of income tax, the net profit attributable to the owners of the parent company in 2020 will be reduced by 366 million yuan, and the equity attributable to the owners of the parent company at the end of 2020 will be reduced by 366 million yuan.
Meibang Apparel stated that the provision of asset impairment provisions will not affect the company’s “Shanghai Metersbonwe” disclosed on October 30, 2020. Apparel Co., Ltd.’s 2020 Third Quarter Report” contains the company’s expectations for its operating performance in 2020. Meibang Apparel estimates that the company’s cumulative net profit in 2020 will be -820 million yuan to 580 million yuan, while Meibang Apparel suffered a substantial loss of 825 million yuan in 2019.
In a row, Meibang Apparel’s stock price has risen to more than 3 yuan/share. As of the close of trading on April 2, Meibang Apparel closed at 3.1 yuan per share, an increase of 9.93%.
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