Original title: a-share blows up again! 570 million "detergent" suddenly disappeared 30, 000 shareholders sleepless! Netizen: this is an elopement with scallops. Source: China Fund News.

A shares see aggressive strange things again! There is Swertia Island in the past(safeguarding rights)The scallop is gone, and now 500 million laundry detergent is suddenly missing!

It happened in Langqi, Guangzhou.On the body, the announcement just released on Sunday night.

Guangzhou Langqi: 572 million yuan inventory is missing

Guangzhou Langqi announced on the evening of September 27 that the company signed a contract with Stanley Company to store the goods in the Ruili warehouse of Stanley Company. The company signed a contract with Huifeng to store the goods in the Huifeng warehouse of Huifeng. But Huifeng denied that any goods were stored in Huifeng. The company set up an independent inventory team, including external lawyers, which went to Stanley and Huifeng on September 23 and 24 to investigate the relevant situation. As of the date of announcement, the total book value of the goods stored by the company and its subsidiaries in Ruili Cang and Huifeng Cang is 572 million yuan.

The announcement shows that due to the fact that the relevant personnel of the company have been to Ruili Cang and Huifeng Cang for many times, the company has been unable to carry out cargo stocktaking and sampling inspection work normally. On September 7, 2020, the company issued to Stanley Company and Huifeng Company a letter on cooperating with Guangzhou Langqi Industrial Co., Ltd.'s on-site stocktaking and sampling of goods stored in your reservoir area. Request Stanley Company and Huifeng Company to cooperate with the company to carry out inventory and sampling inspection.

On September 16, 2020, the company received a "reply letter" from Huifeng. Huifeng said that it has never signed a "warehousing contract" with the company numbered ZC19-20, ZC19-21, ZC19-25 and ZC19-39, and the company has no goods stored in Huifeng, so Huifeng has no obligation to cooperate with the inventory; Huifeng has never issued a "June 2020 Huifeng inventory list" to the company, nor has it stamped the seal of Huifeng, which is inconsistent with the seal of Huifeng.

On September 18, 2020, the company hired a lawyer to inquire about the industrial and commercial files of Huifeng Company at the Administrative examination and approval Bureau of Dafeng District, Yancheng City, Jiangsu Province, but it was still unable to verify the authenticity of the seal of Huifeng Company affixed to the "June 2020 Huifeng inventory form" and the "reply letter".

In view of Huifeng's response and the lack of any response from Stanley, in order to verify the relevant situation of Ruili Cang and Huifeng Cang, the company immediately set up an independent inventory team, including external lawyers. On September 23 and 24, 2020, the inventory team went to Stanley Company and Huifeng Company to investigate the relevant situation, and held talks with the legal representative of Stanley Company and Huifeng Company.

Both Stanley and Huifeng denied having custody of the goods stored by the company.

The company said that it is currently collating and improving the relevant evidence, and will take judicial measures, including litigation and reporting cases to the public security organs, as soon as possible to firmly safeguard the legitimate rights and interests of itself and investors.

This 572 million, what is the concept of Guangzhou Langqi? It was obviously affected by the epidemic in the first half of the year, and its performance changed from profit to loss. The company's operating income in the first half of the year was 3.888 billion yuan, down 43.36% from the same period last year. At the same time, the net profit loss in the first half of the year was as high as 115 million yuan. The temporary suspension of production in the chemical industry has also led to the stagnation of the company's raw material production and sales.

Financial report data show that in the past few years, Langqi's annual profit was less than 100 million, only tens of millions. If the company achieves a net profit of 62.37 million yuan in 2019, it is equivalent to its 9-year net profit.

Netizen: did you elope with a scallop?

What kind of company is Guangzhou Langqi?

Just defaulted on nearly 400 million debt.

APP shows that Guangzhou Langqi Industrial Co., Ltd. is an enterprise mainly engaged in daily chemical industry, mainly engaged in the development, production and sales of washing products and chemical raw materials such as sulfonic acid, refined glycerin and AES under the brands of "Langqi", "Gao Fuli" and "Weikeyi".

It is the earliest washing products company in South China and the first daily chemical listed company in Guangdong, but in recent years, debt crisis broke out because of brand aging, weak profitability, short-term debt ceiling and tight liquidity.

On the evening of September 24th, Guangzhou Langqi announced that due to the tight financial situation, part of the company's debt was overdue, and the current overdue debt exceeded 390 million yuan, accounting for 20.74% of the company's latest audited net assets.

In addition, a total of 12 bank accounts in Guangzhou Langqi have been frozen, involving an amount of 2.568 million yuan, of which 10 bank accounts have been frozen because of disputes over financial loan contracts with Jiangsu Baohua and Jiangsu China Metallurgical Chemicals, which have been enforced by the Intermediate people's Court of Nantong City, Jiangsu Province.

It is worth noting that Guangzhou Langqi has just received a large sum of "unexpected" wealth.

Guangzhou Langqi has just received 431 million yuan in the third phase of land compensation paid by Guangzhou Land Development Center on September 24th. This is part of the huge compensation for land acquisition and storage at the end of 2019.

At the end of 2019, the Chepi plot in Tianhe District of Guangzhou headquarters was collected and stored by Guangzhou Land Development Center, with a planned storage amount of 2.156 billion yuan. As of September 24, 2020, Guangzhou Langqi has collected 1.294 billion yuan in the first three phases of land compensation paid by Guangzhou LDC, accounting for 60% of the total compensation.

Since December 30, 2019, Guangzhou Langqi has received a total of 1.29 billion yuan of land compensation in five times, but there are still nearly 400 million overdue debts and court enforcement, which shows the severity of its debt crisis.

Guangzhou Langqi, founded in 1959, is the earliest manufacturer of washing products in South China. Its "Langqi" as the core brand, but also has Gaofuli, Tianli, Renli, Jiannengjing and other brands, focusing on washing powder, liquid detergents, daily chemical washing materials and so on.

Langqi, formerly known as Guangzhou Oil Chemical Plant, launched hardened oil in the same year when the company was established, ending the history that hardened oil could not be produced in central and southern China, in the early days of reform and opening up. Langqi bravely took the lead in the reform and became one of the first batch of enterprises in Guangzhou to pilot the "factory director responsibility system". The factory leaders set up their own sales team, moved from national unified marketing to self-production and marketing, and walked out of their own marketing channels. After more than a decade of efforts, the company was rated as one of the top 500 industrial enterprises in China in 1990. In 1993, it became one of the first listed companies in Guangzhou.

Now in the market, there are domestic big brands such as Blue Moon and Libai, followed by the strong intervention of foreign companies such as Procter & Gamble Co and Unilever, the industry competition intensifies, and Lang Qi, as a local veteran, is in a lot of difficulties. Langqi has also made a lot of reforms. This year, Langqi also carved up the washing market with Procter & Gamble Co. From 1994 to 2001, it "broke up" in seven years. Now the proportion of Langqi washing products in the market is declining year by year, which can be said to have fallen from the first line to the third line.

As of the latest data, Guangzhou Langqi has 36500 shareholders.

The share price closed at 5.7 yuan per share, and the company's share price has fallen 22.87% so far this year.