早在今年1月，世纪华通宣布计划使用不少于5000万元资金以集中竞价方式回购公司股份，回购的股份将用于员工持股计划或股权激励计划。当时，公司部分高级管理人员及核心人员也宣布了金额不少于2000万元的增持计划。①After the administrative penalty was imposed, ST Huatong fulfilled the share buyback commitment and announced the completion of a 50 million yuan buyback; ②Due to issues such as goodwill impairment, Zhejiang Century Huatong recently faced other risk warnings, and the stock abbreviation was changed to "ST Huatong"; ③Zhejiang Century Huatong's secretary, Huang Yi, previously stated that the company will be more cautious in financial management, especially in dealing with goodwill issues, striving to apply to the exchange for "take off the hat" as soon as possible.
Caifl News November 19th (Reporter Cui Ming) After the administrative penalty was imposed, ST Huatong (002602.SZ) fulfilled the share buyback commitment and announced the completion of a 50 million yuan buyback.
This evening, ST Huatong announced that as of November 18, 2024, the company repurchased approximately 12.06 million shares through the stock buyback special securities account, accounting for approximately 0.1618% of the current total share capital, with a total transaction amount of approximately 50.99 million yuan.
As early as January this year, Zhejiang Century Huatong announced plans to use no less than 50 million yuan to repurchase company shares through centralized bidding, with the repurchased shares to be used for employee shareholding plans or stock-based incentive plans. At that time, some senior management and core personnel of the company also announced plans to increase holdings by no less than 20 million yuan.
On November 6th, an "Administrative Penalty Decision" pushed Zhejiang Century Huatong to the forefront. Since November 8th, Zhejiang Century Huatong has been subject to other risk warnings, with the stock abbreviation changed to "ST Huatong" and the daily stock trading limit changed to 5%.
The penalties imposed on Zhejiang Century Huatong this time are mainly related to the company's previous goodwill impairment issues. According to the "Administrative Penalty Decision", Zhejiang Century Huatong failed to conduct goodwill impairment tests as required in 2018, disclosed errors in the original value of goodwill from 2019 to 2022 annual reports, and other issues such as incorrect disclosures of report segments not in compliance with accounting standards.
Regarding concerns from investors about "take off the hat" and other issues, Zhejiang Century Huatong's secretary, Huang Yi, stated at a recent investor communication meeting that after receiving the administrative penalty decision, the company's stock trading will be partially restricted, affecting short-term stock price trends, but will not have a substantial impact on the company's production and operation. The company will be more cautious in financial management, especially in dealing with goodwill issues, striving to apply to the exchange for "take off the hat" as soon as possible.
Huang Yi also stated that the company is currently experiencing a period of explosive performance. "Whiteout Survival" and "Endless Winter" have shown strong vitality, with excellent performance. Regarding the legendary IP, the company plans to consolidate a wide range of products under the "Legendary" IP through authorization, cross-game releases, mergers and acquisitions, etc., in approximately 3 years. In the future, the legend may become the company's new performance growth engine.
According to the special treat Huatong's third quarter report, in the first three quarters of 2024, the company's revenue reached 15.529 billion yuan, a year-on-year increase of 58.66%; net income was 1.803 billion yuan, a year-on-year increase of 26.17%; non-net profit was 1.782 billion yuan, a year-on-year increase of 47.98%; operating cash flow was 3.462 billion yuan, a year-on-year increase of 38.72%.
