On October 23, the Shenzhen Stock Exchange issued a regulatory letter to Huamin, which was due to the large difference between the audited net profit of Huamin's 2022 annual performance and the net profit disclosed in the previous performance forecast. On January 31,
2023, Huamin issued a performance forecast for 2022. In the performance forecast, Huamin shares said that in 2022, the company's revenue will be 270 million yuan to 320 million yuan , after deduction, the revenue will be 170 million yuan to 220 million yuan, and the net profit loss will be 9.5 million yuan to 13.5 million yuan ; The net profit deducted from non-attributable parent is a loss of 20.5 million yuan to 24.5 million yuan.
Source: Three months after Huamin's 2022 annual performance forecast
, on April 21, Huamin issued a revised announcement of the 2022 annual performance forecast, revising the company's revenue and net profit. The revised revenue of Huamin shares decreased by 0.2 billion yuan , and the net profit loss increased by 20.5 million yuan to 26.5 million yuan . Source
: Huamin's 2022 Annual Performance Forecast Revision Announcement
On why to revise the 2022 annual performance, Huamin explained that first, the company carefully analyzed and evaluated the net realizable value of various inventories, supplemented the provision for inventory depreciation, resulting in a decline in net profit indicators; Secondly, based on the actual situation of the business, the conditions for revenue recognition and measurement of some sales contracts are re-analyzed, and it is confirmed that some sales do not meet the conditions for revenue recognition in 2022, resulting in a decline in revenue indicators and net profit indicators.
Just a week later, the 2022 annual report officially released by Huamin shares showed that the revenue in 2022 was 250 million yuan , and the net return to the mother was-34.886 million yuan . This is a net loss of more than 20 million compared with the initial performance forecast of Huamin shares.
Source: Huamin's 2022 Annual Report
In this regard, the Shenzhen Stock Exchange reminded Huamin that the above actions had violated the regulations of the Shenzhen Stock Exchange, and asked the board of directors of Huamin to pay attention to the problems, learn lessons, correct them in time, and prevent such problems from happening again. According to
the data, Hunan Huamin Holding Group Co., Ltd., formerly known as Hunan Hongyu Wear-resistant New Material Co., Ltd. (Hereinafter referred to as "Hongyu New Material"), was founded in 1995 and is an enterprise focusing on the research and development of new materials and the application of technology. The company was listed on the GEM of Shenzhen Stock Exchange in August 2012. On August 16,
2022, Huamin took the acquisition of Hongxin New Energy as an opportunity to cross the photovoltaic industry . So far, only one year has passed, and Huamin shares have turned into a "single maniac". As of October 9, Huamin shares have won more than 21 billion yuan of silicon wafer contracts.