Jintian Industrial (Group) Co., Ltd Third quarter 2001 report Important Notice: The Board of Directors of our company guarantees that the information contained in this report does not contain any false statements or misleading content Statements or material omissions, and the individual and joint responsibility for the truthfulness, accuracy, and completeness of its content. The company's quarterly financial accounting report was unaudited.
- Company Profile
- Legal Chinese name: Jintian Industrial (Group) Co., Ltd English Name: GINTIAN INDUSTRY (GROUP) CO., LTD.
- Company registered address and office address: 23rd~26th Floor, Jintian Building, No. 1199 Heping Road, Shenzhen Postal code: 518010 International Internet Website: http://www.gintiangroup.com
- Legal representative: Huang Hanqing
- Board Secretary: Peng Wei Securities Affairs Authorized Representative: Qiu Xueqiang Contact address: 23rd~26th Floor, Jintian Building, No. 1199 Heping Road, Shenzhen Contact number: 86-755-5573548 Fax: 86-755-5592045, 5591994 Email: qiuxueqiang@sohu.com
- Names of information disclosure newspapers selected by the company: Securities Times, Ta Kung Pao The China Securities Regulatory Commission designated the international website for publishing the company's annual report: http://www.cninfo.com.cn Location for the company's interim report filing: Board Office of the Company
- Company stock listing location: Shenzhen Stock Exchange Stock abbreviations: PT Jintian A, PT Jintian B Stock codes: 0003, 2003
- Business Review and Outlook (1) Main operating conditions during the reporting period
The company is a comprehensive enterprise group, with its main business in real estate development, covering electricity, building materials, and magnets Production, transportation, import and export, hotels. As of September 30, 2001, the company achieved main business revenue of 53.77 million yuan. During the reporting period, due to the seizure of real estate assets and depletion of funds, the company's main business—real estate— Development remains largely stalled, and sales have declined. During the reporting period, Linzhou Electric Power Company's technological transformation project progressed smoothly. However, due to changes in the market environment, power generation has increased There is still no significant increase. Jintian Magnetic Technology Company was affected by a shortage of working capital, resulting in disc production and sales not performing well Li Auto, but the domestic market has expanded. Bus transport and car rental companies ensure civilized and safe operations, Stable income. Given that the company's stock has been suspended from listing and asset restructuring is central, the management is proactive Strive for understanding and support from creditors, shareholders, and relevant government stakeholders to ease the long-standing debt that has troubled the company Disputes and legal litigation, as well as comprehensive clearance of non-performing assets and revitalization of existing assets. Board of Directors' Decision on the Grace Period The asset restructuring plan has been approved by the Shenzhen Stock Exchange, and the company is accelerating liquidation according to the plan Auditing and internal audit work, adjusting industrial structure, aiming to quickly overcome difficulties and turn losses into profits within the year. (2) Company Investment Situation
- During the reporting period, there were no raised funds, nor was the use of raised funds from prior to the reporting period carried over into the reporting period.
- During the reporting period, the company had no projects invested with non-raised funds.
- Fourth quarter plan The company is currently undergoing a major asset restructuring. (1) Complete asset inventory and capital verification as soon as possible, prepare to convene an extraordinary shareholders' meeting, approve major asset sales, Asset restructuring plans, implementation of relevant resolutions, signing formal equity custody or transfer agreements, and selling Asset contracts. (2) Focus on the management of retained enterprises, strive to expand markets, reduce expenses, and reduce costs costs, maintaining normal company operations and stable employees. (3) In accordance with the requirements of the Securities Law, strictly implement internal control systems, standardize all operations, and improve the company's The company governance structure should fully leverage its supervisory role and establish a set of basic principles that align with modern corporate management systems A streamlined, transparent, and efficient management system. (3) Brief analysis of operating results and financial status
- Operating results (1) Year-on-year changes and reasons for main business revenue, main business costs, and net profit