*ST Hengyu has been regulated by administrative supervision. Can the pre -increase of performance help help the science and technology board "take off the hat"?

The first ST company of the Science and Technology Board —*ST Hengyu (688309.SH) was a bit “busy” recently. It disclosed that the pre -announcement announcement of the semi -annual performance in 2022 was not long, and he received a paper administrative supervision measure.

This week,*ST Hengyu issued an announcement that the company recently received the "Decision on Organizing Measures on Jindan," Li adopted a decision to take supervision conversation measures ".

Since the company transferred some idle funds to non -raised funds to buy investment products from 2020, 2021 and January to April 2022, but not opened a special settlement account for products, the actual use of the idle raised funds was disclosed. Inaccurate, incomplete, and incomplete corporate governance.

The Shandong Regulatory Bureau of the China Securities Regulatory Commission has adopted administrative supervision measures for*ST Hengyu to order correction, requiring*ST Hengyu 釆 to obtain effective measures to standardize the use and management of raising funds, improve the quality of corporate governance and ensure the quality of letters.

At the same time, Niu Bin, as chairman of*ST Hengyu, and Zhong Suili, as the secretary of the board of directors of*ST Hengyu, have not diligently fulfilled the information disclosure obligations to be responsible for the company's above -mentioned violations. Administrative supervision measures for conversations and record the relevant situation in the securities market integrity file.

According to the data,*ST Heng reputation is an innovative enterprise that integrates the research and development and cracking equipment of organic waste cracking technology. Innovative enterprises integrating the research and development of material cracking technology research and development and cracking equipment manufacturing technology.

[Significantly pre -increased performance?]

On the evening of April 26, 2022,*ST Hengyu (688309.SH) released the 2021 annual report. The company's operating income was 84.5659 million yuan, a year -on -year decrease of 51.56%; the net loss attributable to shareholders of listed companies was 9.4818 million yuan, which was from profit to losses year -on -year.

Regarding the loss of net profit in 2021,*ST Hengyu explained that its core competitiveness and continuous operating capabilities have not changed significantly. The decline in performance in 2021 is a phased performance fluctuations experienced by the company's development stage. The main reason is domestic and foreign countries at home and abroad For the changes in the situation of potential customers themselves, the company's new signing amount in 2020 is less, which directly affects the amount of revenue confirmation in 2021. In 2021, the company's part of the company's order execution was less than expected; the progress of some of the company's order signing in 2021 was delayed compared with expectations, which made the revenue confirmation of the new signing order in 2021 less than expected.

At that time, the company also announced the first quarter report of 2022, and its performance seemed to have a rebound trend. During the reporting period, operating income was 394.015 million yuan, an increase of 101.15%year -on -year; net profit of returning to the mother was 13.126 million yuan, a year -on -year increase of 442.23%; the basic earnings per share were 0.1641 yuan. The company's explanation of the growth of current revenue is mainly due to the increase in the implementation of the project in this issue.

However, the continuity of the performance rebound needs to be further verified. Because of the semi -annual performance forecast disclosed by*ST Hengyu recently, the company is expected to achieve about 73.939 million yuan in the first half of 2022, a year -on -year increase of about 98.90%. The net profit of non -returning mother -in -law was 11.3634 million yuan. Although revenue increased by 34.537 million yuan over the first quarter, the net profit throughout the first half of the year was only 455,600 yuan compared to the first quarter.

[I have been "wearing a hat" for less than two years]

It is worth noting that on April 26, 2022, the company said that due to the company's 2021 realization of the deduction of shareholders of listed companies, the low net profit before and after non -recurring profit or loss was negatively negative, and the deduction and main business were achieved in 2021 in 2021 The operating income of irrelevant business income will be lower than RMB 100 million. According to the corresponding provisions of the "Shanghai Stock Exchange Science and Technology Innovation Board Stock Listing Rules", the Shanghai Stock Exchange will implement a "delisting risk warning" on the company's stock transactions.

The stock abbreviation is changed from "*ST Hengyu" to "*ST Hengyu"; the expansion of the stock is changed from "Hengyu Environmental Technology" to "*ST Hengyu Environmental Technology". According to relevant regulations such as the Listing Rules of Science and Technology and Innovation Board, the company's stock has been suspended from April 27, 2022, and will be resumed from April 28, 2022. The delisting risk warning will be implemented from the date of recovery.

*ST Hengyu will also become the first share of science and technology board*ST. At that time, the company's board of directors stated that they were confident to cancel the company's delisting risk warning and proposed three response measures: in various ways to improve the number and amount and amount of the company's new signing, optimize the implementation efficiency and quality of the company's orders, and work hard to reduce credit impairment Loss and the amount of impairment of contract assets.

From the perspective of the secondary market, on July 14, 2020,*ST Hengyu landed on the science and technology board. On the first day of listing, the stock price rose more than 290%, a historical high price of 97.44 yuan per share, and the total market value reached 7.8 billion yuan. However, the stock price has fallen all the way. As of July 28, 2022 share.

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