[Caizhi Headline] Let 37 financial institutions "step on the mine", what is the situation?

Real estate has continued to decline. Since the beginning of this year, Baoneng Group has been prosecuted, executed, asset restrictions, and defaults of wealth management products. Because Baoneng Group is a non -listed enterprise, its specific financial situation is not known. However, Shenzhen Yishenghua Co., Ltd. (hereinafter referred to as "Sheng Shenghua"), as the main carrier of "Baoneng" investment mergers and acquisitions, is well known since the "Bao Wan's dispute" era. "Baoneng system" overall situation.

Source: Ji Shenghua Annual Report

After two extensions, recently, Shenzhen Yishenghua Co., Ltd. (hereinafter referred to as "Sheng Shenghua"), a subsidiary of Baoneng, finally disclosed the 2021 annual report to display the current debt situation in detail.

It is worth mentioning that during the postponement period, the audit institution of Ji Shenghua was changed from ZTE Caiguanghua Accounting Firm (special common partnership) to Shenzhen Yongxinrui and Accounting Firm (special common partnership). Ye Xiaojie, director of the Annual Research Center of the Listed Companies of Shanghai National Accounting Academy, said: "From 'big institute' to 'small institutes', it has released a bad signal itself."

The performance of the financial reports of Yoshenghua, which came out, was really worrying. In 2021, Shenghua achieved a total revenue of 74.3 billion yuan, a year-on-year decrease of 22.85%, and net profit-11.523 billion yuan, a decrease of 241.61%year-on-year. As of the end of 2021, the balance of interest debt in Shenghua reached 82.291 billion yuan.

According to the creditors of the overdue amount of more than 10 million yuan in interest debt according to the reporting period of its disclosure, 37 financial institutions "stepped on the thunder", including 10 banks, 12 trust companies, 3 securities companies, and 12 12 securities companies, and 12 of 12 securities companies, and 12 of 12 securities companies, and 12 of 12 securities companies and 12 securities companies. The non -silver financial institutions, of which Ping An Trust involved the highest amount of overdue, reaching 5.312 billion yuan.

Giant losses 11.523 billion yuan

In early July, the Shenzhen Securities Regulatory Bureau announced the decision of administrative regulatory measures, including Ji Shenghua and Shenzhen Industrial Logistics, stating that it was not disclosed in accordance with regulations in accordance with regulations. Essence The Shenzhen Securities Regulatory Bureau decided to take regulatory measures to order correction.

These two are Baoneng's enterprises. According to relevant regulations, the issuers of corporate bonds shall be disclosed in time in accordance with the provisions of the China Securities Regulatory Commission and the Stock Exchange. Annual report audited by accounting firms stipulated in the Securities Law.

On April 27, both Shenye Logistics and Ji Shenghua issued an announcement, saying that due to the recent company's liquidity tensions and personnel adjustment, the difficulty and uncertainty of various tasks have increased. Audit agency. According to the current progress of various tasks, the two companies are expected to complete the 2021 report disclosure work by April 30, 2022, but they will strive to disclose the 2021 annual report by June 30.

However, on June 30, the two companies again issued an announcement, saying that due to the sporadic outbreak of the Shenzhen epidemic, the departure of some financial personnel in the company, and the audit agency's determination of the time lag, the two companies' 2021 annual audit report preparation work was less than expected. At present, the annual audit report of 2021 is being issued before the review. It is expected that the 2021 annual report disclosure work cannot be completed by June 30, and strive to disclose the 2021 annual report by July 25.

At the end of July, Ji Shenghua finally disclosed the annual report of 2021. As far as the financial report, Ji Shenghua's current debt situation is not optimistic.

In 2020, Shenghua's net profit was 8.137 billion yuan, and the loss in 2021 reached 11.523 billion yuan.

37 financial institutions step on the mines, involving trusts, banks, etc.

From the perspective of debt situations, the total amount of interest debt within the scope of the merger statement of the reporting period of the reporting period was 82.291 billion yuan, and the total interest debt -based debt that expired or sold within 2022 was 36044 billion yuan.

Among the overdue debts of Ji Shenghua, there were 44 debts with a amount of more than 10 million yuan, involving 37 companies, with a total amount of 37.504 billion yuan. There are both principal overdue and the principal and interest.

Among them, 12 trusts were involved, with an amount of 21.2 billion yuan, more than half. Ping An Trust has the most, with 5.312 billion yuan, and Yunnan International Trust 4.505 billion yuan, AVIC Trust 2.604 billion yuan, and 1.877 billion yuan in Ministry of Floral Trust.

Ten bank loans involved in Ping An Bank 3.501 billion yuan, 2.693 billion yuan in Bank of Guangzhou, and 2.226 billion yuan in Xiamen Bank.

Non -bank financial institutions involve 14, Tianan (Guizhou Province) Internet Financial Assets Trading Center Co., Ltd. 1.349 billion yuan, Ping An Securities 450 million yuan, Anxin Securities 336 million yuan, Xiangjiang Asset Management Co., Ltd. 437 million yuan.

There is also one convertible bond involved. The creditors are Shenzhen Qianhai Equity Trading Center Co., Ltd., with a amount of 540 million yuan.

In response, the relevant person in Ping An Trust responded that the 5.312 billion trust borrowing projects of the Shenzhen Industrial Logistics Company under the Shenzhen Industrial Logistics Company of the company were the financial interbank channel business. At the end of December last year, the project was distributed in accordance with the terms stipulated in the contract to complete the project. The liquidation exits.

On October 21, 2021, Ping An Bank Guo Shibang, the vice president and chief risk officer of Ping An Bank, also responded to the third quarter of 2021 that the bank's follow -up loan rose, mainly due to the influence of Baoneng loan Essence In early 2021, Bao Neng had issued a risk control warning, and his overdue loan was included in the bank's risk budget throughout the year. As of the end of 2021, the amount of lawsuits involved in litigation such as financing and external guarantee of Zhen Shenghua was 55.02 billion yuan, most of which provided guarantee for the controlling shareholder, actual controller and other related parties, with a amount of 49.226 billion yuan. The guarantor is mainly Baoneng Real Estate Co., Ltd. and Baoneng Investment Group. Many of the guarantees have expired or are about to expire. Ji Shenghua's expected liability amount was 1.386 billion yuan on the guarantee.

Source: Ji Shenghua Annual Report

The Enterprise Inspection shows that since September 2021, Ji Shenghua has become the executed person 26 times, the person who has become a dishonesty and is performed in 5 times, and has been restricted to high consumption 12 times. "During the reporting period, the company has a large number of dishonesty. In the future, if the lawsuit is not decided or that it may occur, it may adversely affect the company's debt repayment capacity." Ji Shenghua said in the annual report.

The company's debt is suspended, and the exhibition period of multiple bonds

As of the end of the reporting period, there were a total of 14 bonds in Ji Shenghua, with the balance of bonds 11.728 billion yuan. 03, 21 Shenzhen 04, 21 Shenzhen 06, 7 bond rated rated from AA+to BBB+.

"The subsidiary of the Shengshenghua failed to pay off the debt, and the Shengshenghua failed to perform the guarantee liability; Impact; in addition, Ji Shenghua has not yet provided the upcoming or clear -paying bonds' clear repayment of funds, and the accuracy of payment is further increased. "Dagong International explained the reasons for the lowering rating.

On July 1, Shenzhen and its holding company Shenzhen Industrial Logistics issued an announcement at the same time that due to major issues may have an impact on bond transactions. In order to protect the interests of investors, some corporate bonds issued by the company were suspended. As of now, two companies have suspended trading.

In fact, 7 bonds that have been lowered have debt defaults and exhibition periods.

For example, on May 11, Ji Shenghua announced that the interest payment method and time of the "21 Deep 03" bonds reached the exhibition arrangement. The total issuance of "21 Deep 03" bonds was 928 million yuan, with a ticket rate of 7.5%.

On May 22, Ji Shenghua announced that the interest payment method and time of the "21 Deep 04" bonds reached the exhibition arrangement. The total amount of this bond issuance is 350 million yuan, and the ticket rate is 7.5%

On June 14, the interest period of "21 Deep 06" interest. The total distribution is 130 million yuan, and the ticket rate is 7.5%.

The seven bonds of the exhibition period have a total of 583 million yuan in interest, of which the total breach of contract for two private equity bonds of the 20 deep D2 and 20 Deep D1 D1 is 2 billion yuan.

A senior person close to Baoneng Group told the "Daily": "In essence, the real financial situation of Ji Shenghua may be far worse than the annual report data disclosed."

(WeChat public account "Caizhi Headline" comprehensive self: First Financial, Securities Daily, China News Network, Surging News, etc.)

Edit: Yuan Kai

School pair: Fenghua

Review: Gong Zimo

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