The 140 million yuan impairment Aerospace Changfeng intends to listed on the transfer of all equity

Author:Daily Economic News Time:2022.06.07

On the evening of June 7, Aerospace Changfeng (SH600855, the stock price was 11.74 yuan, and the market value of 5.288 billion yuan) issued an announcement saying that it was further focused on resources and intended to take the Aerospace Essence (Guangdong) Information Technology Co., Ltd. (hereinafter referred to as aerospace Essence 1) All equity and acceptance of aerospace essence all the dividends are listed in the form of asset packets.

Therefore, before the formal decision, the listed company plans to disclose the information before the official listing of the Shanghai United Property Exchange, and publicly solicit the potential transferee of the transfer of the asset package.

Aerospace essence has not reached the standard for nearly three years

According to the announcement, in 2017, listed companies used non -public issuance shares and payment cash methods. From Zhang Huili, Zhang Ye and others to acquire Guangdong Jingyi Planning Information Technology Co., Ltd. (original name of Aerospace) 36.955 million shares (accounting for 51%of the total share capital), the price is 140 million, of which 30%are paid in cash, 70 %Is issued by issuing shares.

In the acquisition plan, listed companies have fully affirmed the field of geographical information in the field of geographical information, especially the field of police geographic information, especially the field of police geographic information. It is also believed that the large -scale public security projects undertaken by the Aerospace Changfeng have the construction needs of police geographic information systems. Through the cooperation between the two parties, it is conducive to expanding the influence of the aerospace Changfeng in the security industry. Regional companies have promoted the national market and promoted the rapid development of the business of both parties.

However, the matter has not developed according to the original idea of \u200b\u200bthe listed company. In the framework agreement, the original stockholders of Aerospace Essence promised that in 2017, 2018 and 2019 About 63 million yuan. The price of the 51%shares of Aerospace is 140 million yuan. Aerospace Changfeng pays 30%of the transaction consideration to the shareholders of Aerospace in cash, and pays 70%of the transaction consideration in the form of non -public issuance shares.

In the first two years, the average of the aerospace \"stepped on the line\" completed the performance commitment. In 2017, Aerospace Article Actually achieved a non -net profit of 17.1318 million yuan, and the performance commitment completion rate was 100.65%. In 2018, Aerospace Yichi realized a non -net profit of 21.3486 million yuan, and the completion rate of performance commitments was 102.78%.

However, in 2019, the performance of Aerospace Jingyi did not reach the commitment value, realizing a non -net profit of 13.018 million yuan, the completion rate of the performance commitment was only 52.51%. The amount of commitment, the completion rate of the three years of performance commitments was 82.03%.

In view of the failure of the performance commitment, the listed company intends to repurchase and cancel the company to the original shareholder of Aerospace Jingyi, Zhang Huili, which is issued.Aerospace Changfeng shares.

It still has over 12 million yuan in dividends and fails to pay

Aerospace Essence's increasingly increasing \"Ruyi\" performance makes Aerospace Chang Peak.

After the end of the performance commitment, the performance of aerospace refined from profit directly to losses. In 2020, 2021, and from January to March 2022, Aerospace Yiyi realized operating income of 23.5196 million yuan, 23.8958 million yuan, 648,800 yuan, and realized net profit -31,673,200 yuan, -360,5100 yuan, -37.058 million yuan.

The failure of Aerospace Elite has also affected the value of goodwill and long -term equity investment in listed companies. The listed company announced in April 2021 that the acquisition of aerospace sperm will form a goodwill of 59.315 million yuan, forming a long -term equity investment of 88.451 million yuan. Combined with factors such as the operating status and asset status of Aerospace, the listed company decided to preparation for the impairment of its goodwill under the preparation of 27.6867 million yuan to prepare for its long -term equity investment to prepare an impairment of 44.081 million yuan.

By April 2022, listed companies will prepare for the impairment of the auxiliary reputation of aerospace 31.9448 million yuan, and the long -term equity investment measures for impairment are 44.37 million yuan. After the completion of the supplement, the value of goodwill formed by the acquisition of Aerospace and the book value of long -term equity investment is zero.

A note at the receivables of the 2021 annual report of listed companies showed that the space elsewhere still had 12.6664 million yuan in dividends as of the end of last year.

Source: Listed Company 2021 Annual Report

Listed company said that aerospace essence is a software company. In 2021, it is affected by the market. New signing. The contract amount is reduced. The second is that the acceptance of the acceptance of key stock projects is difficult to advance, and there is uncertainty in acceptance. The third is that the company's cash flow continues to be tight.

Under the continuous losses, listed companies finally decided to transfer the space elsewhere. Aerospace Changfeng said that due to the continuous impact of the new crown epidemic, Aerospace Elite is difficult to carry out the implementation of the project and the repayment of the project. In 2020, in 2021, a large number of operating losses continued to occur. Sexual cash flow continues to be tight, core personnel are lost, and the difficulties and decline in performance facing the operation are difficult to reverse in the short term.

Therefore, according to the overall strategic deployment of the transformation and upgrading, high -quality and safe development of the space, the long -distance peak intends to transfer the relevant asset package of the aerospace fine one, focusing on the limited resources to a more promising industry.

In the future, Aerospace Changfeng will focus on the main business of the main responsibility, continue to adjust and optimize the industry, improve independent products, and the proportion of independent core software business; Unblocked businessAdjust and exit.


Daily Economic News

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