Editor's Note: This article comes fromCaijingOnchain Finance (ID: CaijingOnchain)Editor's Note: This article comes from
CaijingOnchain Finance (ID: CaijingOnchain)
CaijingOnchain Finance (ID: CaijingOnchain)
, Author: LornaQ, reproduced by Odaily with authorization.
The Shenzhen Stock Exchange issued the "2019 Annual Report Inquiry Letter" to Zhongying Internet Technology Co., Ltd. (002464). The "Inquiry Letter" mentioned the dispute between its subsidiary Cailiang Technology and Zhejiang Yibang and Yunnan Yibang, and asked Zhongying Internet to supplement the latest progress of the above matters and explain the impact of the dispute on its 2019 and 2020 financial statements .
Zhongying Internet Technology Co., Ltd. (hereinafter referred to as "Zhongying Internet") once issued the "Announcement on Receiving the "Notice of Case Filing" from the Public Security Bureau on December 20, 2019. The announcement shows that Zhongying Internet's wholly-owned subsidiary Beijing Xincailiang Technology Co., Ltd. (hereinafter referred to as "Cailiang Technology") is in communication with Zhejiang Ebang Communication Technology Co., Ltd. (hereinafter referred to as "Zhejiang Ebang"), Yunnan Ebang Information Technology Co., Ltd. (hereinafter referred to as "Yunnan Ebang") ”) after an in-depth investigation into the sales contract disputes, it was found that the sales contract disputes between Zhejiang Yibang, Yunnan Yibang and Cailiang Technology were suspected of contract fraud.
After collecting evidence and materials, Cailiang Technology submitted the criminal report materials to the Chaoyang Branch of the Beijing Municipal Public Security Bureau. The "Notification of Case Filing" issued by the Chaoyang Branch of the Beijing Municipal Public Security Bureau on December 17, 2019. On December 19, 2019, Zhongying Internet received the "Notice of Case Filing" from Cailiang Technology. The Chaoyang Branch of the Beijing Municipal Public Security Bureau has filed a case for investigation into the suspected contract fraud of Zhejiang Yibang and Yunnan Yibang. At present, the lawsuit, the counterclaim and the criminal case of contract fraud are still under investigation.
From March to April 2018, Cailiang Technology signed a total of "Product Sales Contract" with Zhejiang Ebang and Yunnan Ebang. Cloud computing servers (product model is Yibit E9+, commonly known as "mining machine") 100,000 devices, a total of 504 million Yuan. From March 23, 2018 to May 18, 2018, a total of RMB 400 million was paid in advance. From March 26, 2018 to December 31, 2018, the two parties had no objection to the 65,000 mining machines that had already been sold (corresponding to a payment of RMB 327.6 million). The dispute lay in the remaining 35,000 mining machines stipulated in the contract.
Cailiang Technology believes that after paying 380 million yuan to Zhejiang Yibang, it actually only received 65,000 mining machines, and after paying 20 million yuan to Yunnan Yibang, it did not receive any mining machines, so it paid more 72.4 million yuan to file a counterclaim, demanding that Yibang return the overcharged payment for goods.
On the other hand, Zhejiang Yibang claimed that all 100,000 mining machines had been delivered to Hu Liang, the designated receiver of Xincaiquan, in May 2018. Among them, the same as the previous delivery of 65,000 mining machines, the remaining 35,000 "disputed" mining machines were delivered in the same way to the delivery vehicles and drivers hired by the designated pick-up personnel Hu Liang and Zhao Junjie of Xincailiang Company . Xincaiquan also issued a corresponding receipt list and bank statement to confirm this.
Yibang insisted that the provided receipt list, bank statement and other materials have formed a complete chain of evidence, which can verify that Xincaiquan has received all the mining machines. However, Xincailiang argued that the receipt list, bank statements and other materials were stamped to "cooperate" with the auditing requirements of the accountants who applied for the listing of Hong Kong stocks by Yibang at that time, and they had not actually received them. miner.
According to public information, since the end of 2017, Cailiang Technology has started to carry out business layout in blockchain-related fields, trying small-scale digital cloud computing server technology and mine construction (similar to IDC central computer room, including strong electricity, network and Rack and other equipment), equipment installation, commissioning and other work, and accumulated experience. The development of mobile Internet (block chain) infrastructure services will be the future development direction of Cailiang Technology.
In 2018, Cailiang Technology added a mining machine agency procurement business, which is mainly responsible for providing overseas customers with standardized process solutions for mining machine purchases, export logistics, and technical services such as installation and commissioning in China.
At that time, Cailiang Technology purchased the mining machines from Ebang, specifically through the "Cloud Computing Agreement" signed by Zhongying Internet's wholly-owned subsidiary company, American Cailiang and investment and computing power service company VAST, and 3G, which is engaged in American power and site leasing services. Technical Service Contract" to purchase as an agent for overseas customers. Zhongying Internet once stated that as an important source of income for Zhongying Internet, the subsidiary Cailiang Technology’s mining machine “purchasing” business revenue in 2018 was 22.34 million yuan, with a gross profit rate of 100%.
However, the sales contract dispute with Ebang, a bitcoin mining machine manufacturer, is the property preservation of Zhejiang Ebang's litigation matters, and the amount of the bank account of Cailiang Technology has been frozen to more than 7.75 million yuan.
Zhongying Internet’s 2019 financial report shows that its revenue was 462 million yuan, a year-on-year decrease of 41.66%; the net profit was a loss of 1.348 billion yuan, a profit of 100 million yuan in the same period last year, and the basic earnings per share was -2.58 yuan. Among them, other business income was 475,900 yuan, accounting for 0.1% of operating income, a year-on-year decrease of 97.87%. Zhongying Internet explained that the decline in other (agent procurement business) income was mainly due to the fact that Cailiang Technology did not have an agency procurement business in 2019. Impact.
In 2019, Cailiang Technology’s operating income was 227 million yuan, its operating profit was a loss of nearly 40 million yuan, and its net profit was a loss of 33.71 million yuan.
In November 2019, Zhongying Internet launched the "Blockchain Application Technology and Asset Trading Platform" research and development project. At present, the project has completed the functional acceptance. The project plans to complete the development and use of the "Blockchain Asset Trading Platform" software.
In addition to its own blockchain business, Zhongying Internet has also invested in a series of blockchain companies.
On July 6, 2018, the "Investment Framework Agreement" was signed with Shenzhen Hande Maker Financial Investment Co., Ltd., Shenzhen Chengrui Investment Consulting Enterprise (Limited Partnership), and Shenzhen Blockchain Financial Services Co., Ltd., but as of mid-November this year The relevant cooperation contract has not yet been signed, and the asset replacement and related transaction with Shenzhen Hande Financial Technology Holdings Co., Ltd. ("Hande Financial Technology" for short) has been terminated.
