Tiger'sRealm| The China Securities Regulatory Commission took action and Jiayun Technology was investigated!
editor 2024-05-18 16:17:08 Finance 25
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Original title: Securities Regulatory CommissionTiger'sRealmHey, file a case for investigation!
On the evening of May 17, Jiayun Technology announced that the company received China's "notice of filing a case" on the same day. According to the "notice of filing a case", the CSRC decided to file a case against the company because the company was suspected of violating the law and regulations in information disclosure.
On December 15 last year, Jiayun Technology received a supervision letter issued by the Shenzhen Stock Exchange on the company and related parties. The regulatory letter shows that Jiayun Technology failed to go through a number of information disclosure procedures. According to Wind data, as of the 17th, Jiayun Technology shares closed at 2.Tiger'sRealm.66 yuan per share, with a total market capitalization of 1.7 billion yuan.
Has been asked by the Shenzhen Stock Exchange for rectification and reform.
Jiayun Technology said that at present, the company's production and business activities are carried out normally. During the period of filing the case for investigation, the company will actively cooperate with the work of the China Securities Regulatory Commission and fulfill its information disclosure obligations in strict accordance with the regulations.
The reporter noted that the announcement on the evening of the 17th did not disclose the specific matters of Jiayun Technology suspected of violating the law and regulations in information disclosure.
However, on December 15 last year, Jiayun Technology received a supervision letter issued by the Shenzhen Stock Exchange on the company and related parties, which showed that Jiayun Technology had many flaws in information disclosure.
The Shenzhen Stock Exchange said at the time that in 2021, Jiayun Technology sold Shenzhen Yun Spatio-temporal Technology Co., Ltd., a wholly-owned subsidiary acquired through a major asset restructuring, with a related party transaction value of 51.14 million yuan. At that time, Jiayun Technology failed to disclose the sale of the above-mentioned major asset restructuring, mergers and acquisitions subsidiaries in a timely manner, and failed to go through the procedures for the review and disclosure of related transactions.
The Shenzhen Stock Exchange is also concerned that the company and Chairman Guo Xiaoqun jointly funded the establishment of the company in 2021-2022, the company did not disclose the important follow-up progress of the joint investment matters with related parties, such as the sale of Metheus shares, follow-up litigation mediation, equity conversion and the sale of its stake in Metheus by related parties.
From January to June 2022, Guo Xiaoqun, chairman of Jiayun Technology, continued to hold administrative positions except directors and supervisors in the controlling shareholder in violation of relevant regulations during his duties as secretary of the board of directors; and the company did not disclose the above positions in a timely and full manner and its impact on the independence of the company as well as related risks.
In addition, the company also has problems such as incomplete registration of inside information insiders and memoranda of major matters, inaccurate cost accounting of the company's Internet advertising marketing business, and so on.
To this end, the company management department of the gem of the Shenzhen Stock Exchange reminds the company and relevant parties that the directors, supervisors and senior executives of listed companies must comply with national laws, regulations and the rules governing the listing of stocks on the gem. Conscientiously and promptly fulfill the obligation of information disclosure. All members of the board of directors of a listed company must ensure that the contents of the information disclosure are true, accurate and complete, that there are no false records, misleading statements or major omissions, and bear individual and joint liability for their guarantees.
Business transformation is not yet profitable
In terms of performance, in 2023, Jiayun Technology achieved operating income of 755 million yuan, down 66.81% from the same period last year; the net profit belonging to shareholders of listed companies was-95.5437 million yuan, down 679.41% from the same period last year.
Jiayun Technology said that in 2023, the company will focus on the adjustment of its main business-Internet marketing, and focus on traffic operation to carry out diversified layout and further optimize the business structure. At the same time, the company carries out makeup and skin care, game research and development, insurance brokerage and other related business to explore new growth points. However, the business still failed to make a profit in 2023.
The company said that due to the limited scale of operating capital and the failure to obtain the core media agency rights of some mobile phone manufacturers, the company failed to carry out direct agency cooperation with media such as OPPO, vivo and Xiaomi in 2023, affecting the number of customers, operating income and the level of media rebates available. In order to ensure the renewal rate of customers and improve the consumption level of customers, the company will give customers a certain profit in cooperation with some advertisers in 2023. The above situation led to a simultaneous decline in operating income and gross profit margin in the company's Internet marketing business. Although the company controlled costs by cutting teams and other means, the Internet marketing business still lost money in that year.
In addition, the game "Total War" independently developed by the company obtained the game version number in the first half of 2023, and the commercialization of related games did not begin to land until the second half of 2023, and has not yet formed enough flow and revenue to generate profitability. as a result, the company's game research and development business is still in a state of loss. In the future, the company will continue to optimize its business structure, strive to improve business performance and enhance the company's profitability.
Review: Xiong Yonghong
Editor: ya Wenhui