Zhongrun Solar Energy said that the company has a reasonable background for the reorganization of assets under the same control of the actual controller, and the use of funds obtained by the actual controller, and there is no extracorporeal circulation, advance costs, interest transmission, commercial bribery, etc. Since the second half of
Since 2011, Longdaqiang and its related parties have occupied Zhongrun Light Energy funds many times, some of which are used to invest in enterprises similar to Zhongrun Light Energy Business. After the development and growth of these enterprises, some of them were eventually acquired by Zhongrun Solar Energy, and the financial skills of the actual controllers were outstanding. The Times Business School has sent a letter to Zhongrun Guangneng to inquire about the
actual controller's occupation of funds and other issues. Recently, Zhongrun Guangneng responded to the above questions. This article will focus on the issue of funds occupied by the actual controller of Zhongrun Solar Energy.
According to the prospectus, the business of So, in the case of long-term large expenditure, how does the asset-liability structure of Zhongrun Solar Energy perform compared with its peers? 29%, 95.56%, 79.38% and 79.11%, while the average asset-liability ratio of comparable companies at the end of the same period was 63.93%, 71.10%, 66.70% and 64, respectively. The company's asset-liability ratio is higher than average of its peers, mainly because the company is a non-listed company with a single financing path, thus the asset-liability ratio is higher. At the end of 2020 and the end of 2021, the main reason for the high asset-liability ratio of the company is that the company is in the stage of rapid development, and the cumulative operation in the early stage is less. At the end of 2022, with the improvement of the company's profitability and the completion of equity financing, the asset-liability ratio has been improved and the solvency has been enhanced. At the same time, there are more interest-bearing liabilities in the liabilities of Zhongrun Solar Energy. According to the prospectus, at the end of each reporting period, the short-term loans of Zhongrun Solar Energy were 173 million yuan, 372 million yuan, 479 million yuan and 1.073 billion yuan respectively, and the long-term loans were 191 million yuan, 137 million yuan, 538 million yuan and 11. Of the 4 billion yuan to be raised by Zhongrun Guangneng, 2 billion yuan will be used to supplement liquidity. However, it is unexpected that under the background of high asset-liability ratio and the need for a large amount of replenishment, the actual controllers of Zhongrun Solar Energy have occupied a large amount of funds for a long time. According to the prospectus, the actual controllers of Zhongrun Solar Energy are Long Daqiang and Meng Liye, who directly hold 35.44% of the shares of Zhongrun Solar Energy and 6.47% of the shares of Meng Liye. Long Daqiang and Meng Liye directly and indirectly hold Zhongrun Solar Energy 49. According to the reply to the first round of inquiry letter, as early as 2011 to 2019, Zhongrun Solar Energy had an overall lending amount of up to 331 million yuan to the actual controller Long Daqiang and the related parties under his control. Among them, 230 million yuan is used for Xuzhou Zhonghui Photovoltaic Technology Co., Ltd. (Hereinafter referred to as "Zhonghui Photovoltaic"), Jiangsu Zhongyu Photovoltaic Technology Co., Ltd. (Hereinafter referred to as "Zhongyu Photovoltaic"), Jiangsu Jie yuan Photovoltaic Power Generation Co., Ltd. (Hereinafter referred to as "Jieyuan Photovoltaic"), (Hereinafter referred to as "Runli Solar Energy") and Jiangsu Tuozheng Maoyuan New Energy Co., Ltd. (Hereinafter referred to as "Tuozheng Maoyuan") have invested 37 million yuan in the industry to repay personal financing and 6387 yuan . From 2020 to 2022, the total amount of funds borrowed by the actual controllers and their related parties from Zhongrun Solar Energy is as high as 15. In addition, Long Daqiang still has the situation of borrowing new and repaying old. In the first round of inquiry, Shenzhen Stock Exchange pointed out that at the end of 2019, the total amount of funds borrowed by the actual controllers and their related parties from Zhongrun Solar Energy was as high as 15. The total balance of bank borrowings of the four entities controlled by the actual controller of Zhongrun Solar was 3. When part of the above borrowings were due during the reporting period, the relevant related parties were faced with the need to repay the principal and interest or borrow new money to repay the old. In order to meet the needs of borrowing new loans and repaying old loans, the related parties borrowed funds from Zhongrun Solar Energy and repaid them in a short period of time, involving the amount of lending. 3. Occupying funds to help the actual controllers of competing companies in the same industry borrow large amounts of funds from Zhongrun Solar Energy. The enterprises invested by borrowing funds also compete with Zhongrun Solar Energy. The prospectus shows that the main business of Zhonghui Photovoltaic and Zhongyu Photovoltaic is similar to that of Zhongrun Solar Energy, which is mainly engaged in the research and development, production and sales of solar cells. It is worth noting that, according to the first round of inquiries, from 2020 to 2022, Long Daqiang also paid salaries for Zhongrun Guangneng through the related parties under his control. The amounts incurred in each period were 813,600 yuan, 915,200 yuan and 5 yuan respectively. As to why the enterprise controlled by the actual controller paid the salary for Zhongrun Solar Energy, Zhongrun Solar Energy did not respond to the Times Business School in the interview reply letter. In view of the above asset restructuring and salary distribution, the Shenzhen Stock Exchange requires Zhongrun Solar Energy to check the flow of funds, list the flow of funds obtained by Longdaqiang through the transfer of issuers and Jieyuan Photovoltaic, Zhongyu Photovoltaic, Xinqi Materials and Zhonghui Photovoltaic Equity, and the rationality of the use of related funds. Whether there is extracorporeal circulation, cost, benefit transmission, commercial bribery, etc. In the announcement of the inquiry letter , Zhongrun Solar Energy said that the company had a reasonable background for the reorganization of assets under the same control of the actual controller, and the use of the funds obtained by the actual controller, and that there was no extracorporeal circulation, advance cost, benefit transmission, commercial bribery, etc.
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