At the beginning of the new year, another listed company issued an announcement that the previously purchased Zhongrong Trust products were at risk of payment.

on the evening of January 3, the listed company changguang huaxin (SH688048, stock price 59.38 yuan, total market value 10.468 billion yuan) issued a notice, the company last year to buy Zhongrong trust products overdue payment, there is a risk that the principal and interest can not be fully paid. The subscription amount of this product is 60 million yuan, and the company decided to confirm the loss of change in fair value of 48 million yuan.

Changguang Huaxin's report for the third quarter of 2023 showed that from the beginning of the year to the end of the reporting period, operating income was 0.219 billion yuan, down 30.91 percent from the same period last year; from the beginning of the year to the end of the reporting period, net profit loss attributable to the parent was 0.022 billion yuan, down 123.57 percent from the same period last year.

Confirm loss on change in fair value of $48 million

Chang Guanghuaxin said that in order to improve the efficiency of the company's temporarily idle self-owned funds, better realize the preservation and appreciation of idle self-owned funds, and increase the company's income. Without affecting normal production and operation, the company purchased the trust wealth management product of Zhongrong Trust with its own funds on January 3, 2023. The product name is "Zhongrong-Longsheng No. 1 Collective Fund Trust Plan". The purchase amount is RMB 60 million, the expected annualized rate of return is 6.6, and the risk level is R3 medium risk.

The duration of the trust plan is 358 days from the subscription date, with the expiration date of December 27, 2023. as of the disclosure date of this announcement, the trust product principal and investment income has not been recovered. In addition to the above-mentioned trust products, the company has not purchased other related financial products of Zhongrong International Trust Co., Ltd.

the current progress, as of the date of the announcement, the company has not yet received the principal and investment income of the above-mentioned trust products; the company has communicated with Zhongrong Trust on the overdue payment of the above-mentioned trust products. As of the disclosure date of this announcement, the company has not yet received the official document reply from Zhongrong Trust. The company has urged Zhongrong Trust to pay the principal and investment income as soon as possible, and will fulfill its information disclosure obligations in a timely manner.

According to the "Accounting Standards for Business Enterprises No. 22-Recognition and Measurement of Financial Instruments", the company recognized the "Zhongrong-Longsheng No. 1 Collective Fund Trust Plan" as measured at fair value and its changes included in the current profit and loss Financial assets are reported in the "Transactional Financial Assets" account, and the initial investment cost is confirmed to be 60 million yuan.

In view of the current major financial difficulties of Zhongrong Trust, as of the disclosure date of this announcement, the product has been overdue and has not been paid, and there is a risk that the principal and interest cannot be fully paid. In order to objectively, fairly and accurately reflect the company's asset value and financial status, based on The principle of prudence, the company decided to confirm a loss of 48 million yuan from changes in fair value for the trust product held.

net profit loss of 0.022 billion yuan in the first three quarters of last year

Chang Guanghuaxin said that as of September 30, 2023, the company's total assets were 3.444 billion yuan, and the asset-liability ratio was 7.87. The company's total investment principal in the "Zhongrong-Longsheng No.1 Collective Fund Trust Plan" was 60 million yuan, accounting for about 1.74 of the company's total assets at the end of the latest period and 1.89 of the company's net assets at the end of the latest period, which did not affect the cash turnover of the company's normal business activities.

According to data, Changguang Huaxin was established in 2012 and is located in Suzhou, Jiangsu. The company is mainly committed to high-power semiconductor laser chips, high-efficiency laser radar and 3D sensor chips, high-speed optical communication semiconductor laser chips and devices and systems. R & D, production and sales.

according to the company's third quarter 2023 report, operating income from the beginning of the year to the end of the reporting period was 0.219 billion yuan, down 30.91 percent from the same period last year, while net profit loss attributable to the parent was 0.022 billion yuan, down 123.57 percent from the same period last year.

not only Changguang Huaxin, but also listed companies have announced the risk of payment of Zhongrong Trust products on the eve of the New Year.

on the evening of December 29, chuanzhi education (SZ003032, stock price 15.26 yuan, total market value 6.141 billion yuan) announced that the company subscribed for zhongrong trust yuanrong no 1 product on July 3, 2023, with a subscription amount of 50 million yuan. As of the disclosure date of the announcement, the principal and investment income of Yuan Rong No. 1 have not yet been paid. The company has made many inquiries and communications with Zhongrong Trust on the payment of the trust product, and has not yet received a written reply from Zhongrong Trust.

Amway shares (SZ300218, stock price 12.91 yuan, total market value 2.801 billion yuan) also announced on the evening of December 29 that the company purchased Zhongrong-Yuanrong No.1 collective fund trust plan with an expected annualized return rate of 5.8 and a product term of June 30 to December 27, 2023 for 20 million yuan. as of the disclosure date of this announcement, the company has not yet received the principal and investment income of the trust products.

It is understood that since December, many companies have issued announcements stating that the purchased Zhongrong Trust products have been overdue. The Martian (SZ300894, stock price 16.20 yuan, total market value 6.622 billion yuan) announced on December 5 that the company's purchase of Longsheng No. 1 did not receive the principal and investment income after maturity, involving the principal 50 million yuan.

Anji Food (SH603696, stock price 10.77 yuan, total market value 2.533 billion yuan) announced on December 4 that the company's purchase of Zhongrong-Yuying No.1 product did not receive the principal and investment income after maturity, involving the principal of 5 million yuan.

Fashilong (SH605318, stock price 16.07 yuan, total market value 2.076 billion yuan) announced that one of the two Zhongrong trust products purchased by the company has expired and has not yet received the principal and investment income. The other is about to expire, and it is expected that there is also a risk of failure to pay in time. The two products involve a total principal of 60 million yuan.

Source of cover image: Visual China-VCG41N846723932