“Science and Technology Innovation Board Daily”, April 11 (Reporter Zhu Ling) Guangyun Technology announced last night that trust products purchased by the company in 2023 totaling 90 million yuan issued by China Finance Trust have not been paid. The company has filed a lawsuit against China Finance Trust in the People's Court of Xiangfang District, Harbin. As of the announcement date, the case has been filed and no trial has yet been held.

In September of last year, Guangyun Technology announced that the trust products involved were the 70 million yuan Zhongrong-Yuanrong 1 pooled fund trust plan product and the 20 million yuan Zhongrong-Rongrui 1 pooled fund trust plan product purchased by the company in multiple installments between April and July 2023.

At the time, a staff member of the board of directors of Guangyun Technology told the “Science and Technology Innovation Board Daily” reporter who called as an investor, “It is actually a matter of time before the principal amount of China Finance Trust products is actually a matter of time. The national level has initiated takeover procedures for Zhongrong Trust. Zhongrong Trust has been managed by Jianxin Trust and CITIC Trust, and Jingwei Textile Machinery, the majority shareholder, has also initiated delisting procedures. Once the relevant process is completed, the principal amount should be returned, and interest cannot be guaranteed.”

She also claimed that the company used its own idle funds to buy trusts, not to raise funds, and that the company is currently operating normally. “Judging from the semi-annual report, the cash flow of the company's major merchant business is improving.”

According to the 2023 annual results report released by Guangyun Technology in February, the company achieved operating income of 477 million yuan last year, a decrease of 3.42% over the previous year; a net loss of 18.264,800 yuan to mother. This is the third year of Guangyun Technology's losses, and the losses include the 72 million fair value change losses confirmed for China Finance Trust products.

Guangyun Technology stated that the calculation of fair value change losses in this performance report is based on the company's understanding, evaluation, and careful prediction of repayment of relevant trust products at this stage. If the relevant trust product has a significant impact on the repayment forecast before the company's 2023 audit report is officially disclosed, the fair value change loss will also change accordingly, which will also have a big impact on the company's 2023 net profit, and it is not ruled out that there may be a certain deviation from the forecast results.

However, it is clear that the cashing of China Finance Trust products has not been smooth. Guangyun Technology said in an announcement last night that in order to prevent risks and protect the company's interests, the company actively promotes relevant parties and urges trustees and others to fulfill relevant obligations in a timely manner; at the same time, in order to protect the legitimate rights and interests of the company and shareholders, the company has filed a lawsuit with the People's Court of Xiangfang District of Harbin City.

The lawsuit brought by Guangyun Technology included two cases, requiring China Finance Trust to pay 20 million yuan and 70 million yuan of principal losses to the company, pay interest on the use of the corresponding funds, and bear all litigation costs of the case, respectively.

Guangyun Technology said that since the case has not yet been heard, there is still uncertainty about the impact of this lawsuit on the company's current profit or after-period profit. In the end, the actual impact is subject to the court decision.

It is worth noting that in March of last year, the Heilongjiang Provincial High People's Court issued a centralized jurisdiction notice. Since March 20 of last year, the Nangang District and Xiangfang District courts of Harbin City have centralized jurisdiction over financial civil and commercial cases in the first instance. After centralized jurisdiction, the Xiangfang District Court no longer accepted first-instance financial, civil and commercial cases.