① There was a low-level error in the information disclosure of Yingfeng Co., Ltd. or related to frequent changes in the company's director and general manager. Currently, there is a vacancy in the position of the company's general manager; ② The company's first director and secretary extorted Chairman Fu Shuangli for 1.5 million yuan, and the second director of the company was supervised to issue a warning letter due to negligent disclosure; ③ In the more than three years since listing, Yingfeng Co., Ltd. only ushered in its first dividend this year, and the stock price is in a broken state.
Financial Services Association, May 28 (Reporter Wang Bin) Listed companies' information disclosure reproduces low-level errors. After today's market, Yingfeng Co., Ltd. (605055.SH) issued a number of announcements. One of the announcements had a question mark embedded in the title — “Company? “Bylaws (Revised May 2024)”. At the time of press release, Yingfeng Co., Ltd. had corrected the aforementioned errors, but some third-party platforms still left traces.
In fact, this is not the first time that Yingfeng Co., Ltd.'s information disclosure executor has made a low-level mistake. According to rough statistics from a Financial Services Association reporter, since 2022, Yingfeng Co., Ltd. has made the same mistake at least 4 times, respectively (in chronological order): Company? Articles of Association (revised in April 2022), company? Articles of Association (revised in April 2023), company? Articles of Association (revised in April 2024), company? Bylaws (revised May 2024).
A Financial Services Association reporter noticed that there was a low-level error in the disclosure of Yingfeng Co., Ltd. information, or that it was related to frequent changes in the company's directors, secretaries, and securities agents. According to the announcement, on April 24, Chen Jingmei resigned as the original securities agent of Yingfeng Co., Ltd., and she has just completed one year in office and is the second securities representative of Yingfeng Co., Ltd. Currently, there is a vacancy in the company's license manager.
Yingfeng Co., Ltd. is not a listed company without a story. After three years of listing, the company has welcomed a number of directors and secretaries. According to previous media reports, the Public Prosecution Service alleges that in August 2016, Yingfeng Co., Ltd. hired defendant Cao Mushan as the company's director secretary through the Internet. Two months later, Cao Mushan left his job during his probation period.
In August 2020, Cao Moushan took advantage of Yingfeng Co., Ltd. being in a critical listing period to blackmail Fu Shuangli, chairman of Yingfeng Co., Ltd. for 1.5 million yuan in order to denounce problems in the company's listing process to the relevant departments.
The subsequent director secretary of Yingfeng Co., Ltd. was supervised to take supervisory and administrative measures by issuing a warning letter due to negligence in disclosing the letter.
According to the announcement, on March 25, 2021, Yingfeng Co., Ltd. received government subsidies of 21.12,121 million yuan related to revenue, accounting for 26.3% of the company's net profit attributable to shareholders of listed companies in the most recent fiscal year. Yingfeng Co., Ltd. disclosed the amount of government subsidies included in the current profit and loss in the “2021 First Quarter Report” announced on April 29, 2021, but it did not further disclose the “Notice on Obtaining Government Subsidies” until June 19, 2021, and did not fulfill its obligation to disclose information in a timely manner.
At the time, the Zhejiang Securities Regulatory Bureau stated that the above acts of Yingfeng Co., Ltd. and related personnel violated relevant regulations. Fu Shuangli, chairman and general manager of Yingfeng Co., Ltd., and Wang Diaoxian, then director and financial director, should bear the main responsibility for these irregularities. According to relevant regulations, the Zhejiang Securities Regulatory Bureau decided to take separate supervisory and administrative measures to issue warning letters against Yingfeng Co., Ltd., Fu Shuangli, and Wang Diaoxian. After that, Wang Diaoxian resigned as the company's financial director and director secretary.
It should be pointed out that since Yingfeng Co., Ltd. was listed, the “rating” of the company's credit disclosure work has not been high, and it has never received an A grade. According to the evaluation results of the information disclosure work of listed companies in Shanghai, the company's credit disclosure rating for 2021-2022 was C, and the company's credit disclosure rating for 2023-2023 was B. According to the “Evaluation Guidelines” issued by the Exchange, the evaluation results of listed companies' information disclosure work are A (excellent), B (good), C (qualified), and D (unqualified), respectively.
Furthermore, since it was listed for more than three years, Yingfeng Co., Ltd. only received its first dividend this year.
On January 29, 2021, Yingfeng Co., Ltd. was listed on the main board of the Shanghai Stock Exchange; as of December 31, 2023, the company's undistributed profit was 349 million yuan. Yingfeng Co., Ltd. received its first dividend (2023) after the introduction of the new “National Nine Rules”. Specifically, every 10 shares will receive a cash dividend of RMB 0.60 (tax included); there will be no capital transfer from the Capital Provident Fund, and no bonus shares will be given.
Yingfeng Co., Ltd. was founded in 2008 and specializes in the printing, dyeing and printing business of knitted fabrics and woven fabrics. Its products include high-end products such as nylon cotton roman cloth, rayon, tencel, and warp-knitted nylon. In terms of the shareholding structure, Fu Shuangli and his wife Ma Yingbo are actual controllers of Yingfeng Co., Ltd. Ma Yingbo's relatives Ma Yuebo, Ma Manye, and Ma Yaping also hold shares in the company.
The performance of Yingfeng Co., Ltd. fluctuated greatly after listing. According to financial data, the company lost money in the second year of listing (2022). Although it turned a loss into a profit in 2023, it lost 4.624,700 yuan in the first quarter of this year. The underwriter and sponsor of the company's IPO is Guoyuan Securities.
In terms of stock prices, Yingfeng Co., Ltd. is currently at a breaking point or below. According to Wind data, the issue price of Yingfeng shares was 4.82 yuan; on February 8 this year, the company's stock price fell to a record low of 3.40 yuan. As of the close of trading on May 28, the company's stock price was 4.81 yuan.