Sea embellish photovoltaic will meet delisting did not rule out future bankruptcy reorganization

And the user side of the main causes of energy storage in the large-scale development of our country, lies in its business model is clear, the investment recovery period is shorter, generally less than eight years.

solar photovoltaic net news: on the afternoon of July 7, retreat city sea embellish announcement, on July 8, as the company's stock into the delisting finishing period at the end of a trading day, the delisting within five days after the expiration of the period, the Shanghai stock exchange will be delisted stock company, the company shares are listed on termination.

on May 17, before this, Shanghai embellish photovoltaic (pv) issued to the sea on the sea embellish photovoltaic technology co. , LTD listed on stock termination decision '( 【 2019 】 No. 94) , sea embellish photovoltaic (pv) on May 27, enter the delisting, traded, delisting finishing period for 30 days.

during the sea embellish photovoltaic securities or change to retreat city, daily price limit of 10%, shares on the Shanghai stock exchange risk warning board trading, and do not plan or carry out the material assets reorganization.

public data shows that the delisting sea embellish 2018 annual net profit attributable to shareholders of listed companies is negative 37. 3. 7 billion yuan, net assets attributable to shareholders of listed companies is negative 25. 4. 1 billion yuan, the report issued by an accounting earnings in 2018 inexpressible opinions of audit report. In the first quarter of 2019, net profit attributable to shareholders of listed companies is negative 2. 7. 5 billion yuan, as of March 31, 2019, 28 net assets attributable to shareholders of listed companies is negative. 142 0. 7 billion yuan, consolidated the asset-liability ratio. 37%.

announcement, the company asset-liability ratio is higher, the financial expenses is larger, the financial debts overdue amount is more, face a greater risk of insolvency. In addition, the company liquidity shortage, the production of manufacturing operations shut down in succession, the company involved in a large number of lawsuits, unable to repay debts that are due, continuous operation ability has significant uncertainty.

according to the Shanghai stock exchange rules, after delisting hyrum terminated by the Shanghai stock exchange listed if meet the conditions listed, may apply to the Shanghai stock exchange for listing. The delisting hyrum said, the company will continue to actively strive for the support, we will do our best to help employees, creditors, investors, communication and coordination work, through internal and external all aspects of the effort and support, efforts to reverse the company operating conditions.

this afternoon, the 'daily economic news' reporter called delisting sea embellish, related, said an official with the company at present all of the resources value are concentrated in the photovoltaic industry, do not rule out seeking rebirth in the form of bankruptcy reorganization, but there is uncertainty. In addition, the company still belongs to the public after delisting, if subsequent investors interested, after in meeting the requirements of the letter (also disclosed.

in addition, the reporter noted that in addition to retreat city sea embellish, HuaZe backed off, and also reported on July 7th afternoon, July 8, for company's stock into delisting finishing the last one day, the two stocks closing price on July 5, 0, respectively. 40 yuan per share, and 0. 65 yuan/share.

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