Editor's Note: This article comes fromCaijingOnchain Finance (ID: CaijingOnchain), Author: Chen Yi, reproduced by Odaily with authorization.
Editor's Note: This article comes from
CaijingOnchain Finance (ID: CaijingOnchain)
CaijingOnchain Finance (ID: CaijingOnchain)
, Author: Chen Yi, reproduced by Odaily with authorization.
Caijing.com Chain Finance, May 22, since Chenxin Technology (SZ002447), a listed company on the Shenzhen Stock Exchange, "capped" on May 6, *ST Chenxin (SZ002447) began to fall day after day. According to market data, *ST Chenxin opened at 1.45 yuan/share on May 6 and is now at 1.02 yuan/share, a drop of nearly 30% within 13 trading days.
According to the "Stock Listing Rules of the Shenzhen Stock Exchange", if a listed company's financial or other abnormal conditions lead to the risk of its stock being terminated from listing, or investors have difficulty judging the company's prospects, and their investment rights and interests may be damaged, Shenzhen Stock Exchange's ownership of the The company's stock trading implements risk warning. It is mainly divided into risk warnings with risks of listing termination and other risk warnings.
Among them, the risk warning of the risk of termination of listing is also called the delisting risk warning. The treatment measures for the delisting risk warning include adding the word "*ST" before the company's stock abbreviation and limiting the daily rise and fall of the stock price to 5%.
Other risk warning measures include adding the word "ST" in front of the company's stock abbreviation and limiting the daily rise and fall of the stock price to 5%.
This time, the Shenzhen Stock Exchange directly issued a delisting risk warning to Chenxin Technology, with the hat "*ST".
According to *ST Chenxin's announcement, Dalian Chenxin Network Technology Co., Ltd.'s audited net profit for two consecutive fiscal years in 2018 and 2019 was negative. According to the relevant provisions of the "Shenzhen Stock Exchange Stock Listing Rules", , the Shenzhen Stock Exchange will implement a special treatment of "delisting risk warning" for the company's stock transactions.
It is reported that if *ST Chenxin's audited net profit in 2020 is still negative, the company's stock will be suspended from listing.
In this regard, in order to cancel the delisting risk warning, *ST Chenxin proposed a series of specific measures, which clearly pointed out that it will further deepen the application of blockchain technology in e-sports business, expand and enrich the application scenarios of blockchain technology , to realize the blockchain technology to help the company's development in an all-round way.
However, the analysis of *ST Chenxin's original blockchain business shows that it is unlikely that *ST Chenxin will get rid of the hat safely through the blockchain business.
Since 2017, there have been a large number of companies crazily plundering gold, selling hardware devices equipped with blockchain concepts at high prices, and independently issuing coins to harvest leeks in the secondary market. Hardware mining equipment equipped with the concept of blockchain is hot for a while.
It is reported that the main blockchain product of *ST Chenxin is the hardware mining product - Jingdou Cloud.
At the end of 2017, Chenxin Technology followed the pace of Xunlei and officially launched Jingdou Cloud. During the pre-sale period of the "first generation Jingdou Cloud", Chenxin Technology's stock price soared by nearly 80%, reaching a maximum of 8.68 yuan.
As the dividends of the "first-generation Jingdou Cloud" were exhausted, Chenxin Technology quickly changed its strategy. After the launch of Jingdou Cloud 2.0, the exchange channel of BATT (Boying Chain Token) was introduced, allowing users to use GCP points to exchange BATT at a certain ratio. BATT was listed on AllCoin and BCEX exchanges in June 2018. It is understood that BATT is now renamed PONY, PONY can act as a currency by purchasing goods, and GCP can be directly exchanged with RMB through second-hand websites such as Xianyu.
The upgraded version of Jingdou Cloud sells hardware at a high price while issuing coins to harvest the secondary market of the coin circle. This has also become a template routine for hardware mining later.
According to public data, on August 31, 2018, Chenxin Technology released its semi-annual report for 2018. The data shows that the company achieved operating income of 210.8409 million yuan, a year-on-year increase of 42.77%.
