Doubts in Annual Report: After the Actual Controller Was Filed and Changed Ownership Four Times, the Company Tried to Leverage 70 Million to Invest 10 Billion

2023-06-02 09:38:48

Doubts in the Annual Report, the Actual Controller Has Been Filed, the Owner Has Changed Four Times, How can 70 Million Cash Drive 10 Billion Investment

The story can be bizarre, but it's better not to be ridiculous. The protagonist of the

last outrageous story may be the declining catering cross-border photovoltaic cloud network, which reached its peak at the end of April this year after crossing the border crazily, and plans to leverage 5 billion photovoltaic cell projects with less than 200 million assets. It's also nine years of crazy crossover, but today's protagonist is playing a more outrageous story. On the evening

of May 30, Lida announced that the company signed the Project Investment Agreement with the Management Committee of Tongling Shizishan High-tech Industrial Development Zone. Intends to invest about 91.

50.

After the completion of the second phase of the project, the company and Tongling Shizishan High-tech Industrial Development Zone will jointly introduce photovoltaic industry chain supporting enterprises, namely the third phase of the project. The total planned investment is about 33.

Lida said that after the second phase of the project is completed, the annual output value is expected to reach 24 billion yuan. The annual output value of the third phase of the project is about 10 billion yuan , and the annual tax payment is about 200 million yuan.

Digital New Energy DNE noted that in this investment announcement, Lida shares said that "photovoltaic high-efficiency cells, photovoltaic modules, photovoltaic bracket manufacturing and other industrial clusters will be built in Shizishan High-tech Zone." Support Lida to become a leading enterprise in the domestic high-efficiency photovoltaic cell industry.

Of course, it is certainly not the 71.92 million cash on its books at the end of March that supports the ambition of Lida shares. After

careful study, it can be traced back to 2014 , when Yishida's shares used over-raised funds to acquire Golmud Shenguang New Energy Co., Ltd. to lay out photovoltaic power generation. The plant's performance has been unsatisfactory, and in 2016 it tried to push the roof " again, followed by 2017. Lida shares began to focus on financial investment, high-tech investment and other fields , and established Shanghai Yishida Commercial Factoring Co., Ltd. and Lida Technology (Shanghai) Co., Ltd. as a management platform for the company's financial investment and high-tech investment.

However, the new sector has not yet improved, and in 2018, it has rapidly laid out the fields of big health and science and technology innovation.

A year later, Lida announced its entry into the field of naked-eye 3D and industrial hemp.

So far, waste heat power generation is no longer the company's main business, in April 2020, Lida shares issued a renaming announcement, officially renamed from "Yishida" to "Lida shares" . After no less than seven cross-border trips in

six years, Lida shares, which are chasing hot spots, have not been able to usher in the "multi-driven" development layout that they have been yearning for, but have run into a wall everywhere. The turning point of changing ownership and returning to photovoltaic

again comes from a personnel change.In July

2020, Hangzhou Guanghengyu, the controlling shareholder of Lida Stock Company, and Xiamen Guanghengyu, the partner of Hangzhou Guanghengyu, have signed the Agreement on Share Transfer of Partnership Enterprises with Wang Zhengyu and Wang Miaoqi's father and daughter . Wang Zhengyu and Wang Miaoqi indirectly control Lida shares by transferring all the partnership shares of Hangzhou Guanghengyu, and Lida shares complete the change of actual controllers.

The following month, after the cancellation of its holding subsidiary, Shanghai Yishida Commercial Factoring Co., Ltd., it formally withdrew from the commercial insurance business . In the same month, the project of using over-raised funds to invest in the construction of industrial hemp base material production base and industrial cannabinoid heating non-burning non-tobacco products processing base was terminated.

In September, Lida shares announced that it would take 2.

This time, Lida shares seem to have finally made the right bet. According to the company's financial report

in 2020, Lida shares realized business of 280 million yuan during the reporting period, of which 210 million yuan was added to the solar cell business due to the acquisition of Jiayue New Energy. The gross profit margin is 24.

As a result, it looks like a "two-way rush". Because in the previous "Major Asset Purchase Report", Lida shares disclosed that the gross profit rate of Jiayue New Energy in January-June and July-September 2020 was only -0.45% and 14, respectively.

The company suddenly waited for a letter of inquiry from Shenzhen Stock Exchange to explain the reasons and rationality of the sharp increase in gross business interest rate of Jiayue New Energy in the fourth quarter, and to compare and analyze whether there are significant differences with similar products of comparable listed companies in the same industry. Accounts receivable in the fourth quarter increased significantly by 4,508 as compared with the end of the third quarter.

Subsequently, although Lida shares gave explanations on related issues, this incident added uncertainty to the future transformation of Lida shares.

The actual controller was placed on file without "banknote ability" but had ambition

. Although the first report card handed in after the transfer to photovoltaic was questioned by the outside world, it did not affect the determination of Lida shares to become more and more courageous. At the end of December

2020, Lida issued a 1.2 billion fund-raising plan to promote the second phase of Jinzhai Jiayue New Energy.

Wang Zhengyu, the actual controller of the company's photovoltaic business, was investigated by the Securities Regulatory Commission , and the company's 1.2 billion fund-raising plan was aborted.

A year later, in July, Lida shares changed ownership again, and Huang Shuang became the new controller.

This time, Lida shares have changed ownership four times in less than 20 years. After

experiencing a series of changes, such as the suspicion of the annual report, the filing of the actual controller and the change of ownership again, the three-year performance of Lida shares can also be seen as bleak.

From 2020 to 2022, the company achieved revenue of about 282 million yuan, 1.080 billion yuan and 15. By the end of 2022, the solar cell business accounted for more than 95%.

However, Lida shares have not realized profits in the past three years, with net profits of -56.0167 million yuan, -71.0294 million yuan and -1692 yuan respectively.

By the end of the first quarter of 2023, the total assets of the company were only 2.104 billion yuan. Book currency capital is only 7192.

Over the past three years, the photovoltaic layout of Lida shares has only been upgraded from 3GW of Jiayue New Energy Phase I battery capacity to 3.

Can this 10 billion investment be smoothly promoted? Can follow-up help Lida shares get rid of the loss situation and smoothly https://www.databm. in the < a href = ".

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Doubts in the Annual Report, the Actual Controller Has Been Filed, the Owner Has Changed Four Times, How can 70 Million Cash Drive 10 Billion Investment

2023-06-02 09:38:48