Songdu shares cross -border lithium surrender has been unilaterally terminated, and the stock price has a daily limit of 19 days before the limit of the stock price fall.

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On August 19, Songdu (600077.SH) opened the limit and fell. Although the daily limit was opened during the market, the daily limit was closed in the afternoon and closed at 3.78 yuan. In March of this year, the real estate company announced the 1.6 billion cross -border lithium industry, and it has harvested 12 daily limit boards within 19 days. In the past 3 days, it has risen continuously, which has accumulated more than 20%.

On the evening of August 18, the Songdu announcement announced that it was unilaterally lifted the cooperation agreement of the Salt Lake Luster Luster Lithium Building Project Unilaterally by the Tibet Mount Everest (600338.SH). Tibet Mount Everest announced that Songdu shares did not fulfill the contract liability and obligations under the original agreement.

On August 19, the relevant staff of the Investor Department of Songdu Co., Ltd. told the Hongxing Capital Bureau that because they were suddenly unilaterally terminated, the company is still communicating with Tibet Mount Everest. Subsequent announcement. The staff also said that the legal department will intervene in time and evaluate the overall as a whole. Tibet Mount Everest told the Red Star Capital Bureau that everything is subject to the disclosure of the announcement. According to the announcement, the two parties did not negotiate unanimously and did not rule out the risk of lawsuits.

According to the incomplete statistics of the Hongxing Capital Bureau, more than 20 listed companies have announced the cross -border involving the lithium battery industry chain last year, and most of them have risen in stock prices in the secondary market. Industry insiders pointed out to the Red Star Capital Bureau that the industry dividend and high prosperity of the lithium battery have promoted the company's cross -border investment. "Some companies are to seek new growth points, and some drunkards are not alcohol."

▶ Song Du shares: Unilaterally terminated by Tibet Mount Everest, or will involve the legal department

On the evening of August 18th, Songdu announced that on August 9, Zhejiang Songdu Lithium Industry Technology Co., Ltd. (hereinafter referred to as Songdu Lithium) received the "Reminder Letter" sent by Tibet Mount Everest. It urges all parties to perform contract matters. The Lithium of Song Du has responded to the problem involved in the "urging letter", and at the same time urged the Tibet Mount Everest to implement and fulfill the commitment and obligations under the contract item in a timely manner.

The company has just learned that the subsidiary Songdu Lithium Department received the "Removal Notice" sent by Tibet Mount Everest on the evening of August 18. The Tibet Mount Everest unilaterally announced the termination of the cooperation agreement and announced it.

As of the "Reception letter", the company has made various preparations for cooperation, including the company has hired a team of lawyers in Zhejiang Tianba Law Firm to conduct dedication to the feasibility of cooperation projects. Emails have been sent to Tibet Mount Everest to help issue a business invitation letter to apply for a visa to go to Argentina to do their best. However, due to the unilateral announcement of Tibet Mount Everest, the company will verify the specific reasons with the Tibet Mount Everest in contact with Tibet.

At the same time, the company focused on the consortium to enlighten Qingyuan (Shanghai) New Material Technology Co., Ltd. unilaterally violated the consortium agreement. Without notifying the company and did not have the company with the company, the same project signed the same project with the third party. In the cooperation agreement, the company will further contact the reason for this situation to verify the reasons for its violation of the consortium.

Based on the above situation, the cooperation matters may face the risk of termination. The company will take control of risks as the first priority and take the development of such business matters with caution.

On August 19, the relevant staff of the Investor Department of Songdu Co., Ltd. told the Hongxing Capital Bureau that because they were suddenly unilaterally terminated, the company is still communicating with Tibet Mount Everest. Subsequent announcement. The staff also said that the legal department will intervene in time and evaluate the overall as a whole.

▶ Tibet Mount Everest: Songdu shares default, Xinjinzhu is Langzhong shares

On the evening of August 18, Tibet Mount Everest issued an announcement saying that on March 11, the company and Qidi Qingyuan (Shanghai) New Material Technology Co., Ltd. and its consortium Song Du Lithium signed the "Argentine Lithium Potassium Co., Ltd. annual output of 5 10,000 tons of lithium carbonate salt lake lithium lake construction project Equipment, operation, and technical service cooperation agreement ".

According to the announcement, after the signing of the "Cooperation Agreement" mentioned above, Tibet Mount Everest actively fulfilled its own obligations and considered the impact of the prevention and control factors of the epidemic on the normal operation of the relevant parties. The relevant contract responsibilities and obligations were not fulfilled. Later, after the formal letter and requesting rectification were formally issued to the two units, Qiudi Qingyuan's replies part of the delay in partial performance of the supply obligations.

To this end, in accordance with the relevant terms of the Cooperation Agreement, Tibet Mount Everest officially wrote to the two consortia on August 18 to unilaterally unilaterally unilaterally release the "Cooperation Agreement" signed by the above, and retain all losses caused by the defaulted office. The right to compensate.

Tibet Mount Everest stated that the termination of the cooperation agreement will have a certain impact on the project implementation process, but the company has immediately launched an emergency alternative plan and chose new partners to continue to promote the actual performance of the "Cooperation Agreement".

Tibet Mount Everest also stated in the risk reminder announcement that the company unilaterally lifted major operating contracts. It was based on the behavior and facts of the contract of the contract, and did not negotiate with the contract with the contract. There may be a risk of disputes or litigation in the future.

On the same day, Tibet Zhufeng announced the new partner of the partner.

It is worth mentioning that Langzhong is also the "foreigner" of the lithium industry, and its main business is the production and sales of steel concrete pipe piles. In this cooperation, the role of Langzhong's shares is investors, which is mainly responsible for the equipment and facilities required for the manufacturing or procurement projects. The specific capital contribution time and payment plan shall be signed separately by all parties. On August 19, the Tibetan Everest staff told the Red Star Capital Bureau that everything is subject to the disclosure of the announcement.

▶ This real estate company is 1.6 billion cross -border lithium, the independent directors collectively abstain, and the director of the director spit out after profitability

In March of this year, Songdu announced cross -border lithium, which caused public doubts for the existence of many risks and uncertainty in the project.

Earlier projects showed that Songdu shares were 1.6 billion, accounting for 33.93%of the recent review of net assets, but there were no technology, mine -free, and no personnel. The project has been suspended and the risks have not been decided, and three independent directors have been collectively discarded. It is suggested that "the company should combine the company's own cash flow to do a detailed due diligence, and consider the current international situation and future trends, economic risks and industry surveys, and make careful decisions." Essence

Even so, Songdu still insisted on investing in lithium, and received a question letter from the Shanghai Stock Exchange. According to the content of the inquiry letter of the Shanghai Stock Exchange, the company had not conducted a field inspection on the project at that time; the equipment supply agreement and technical service agreement were not signed with Qidi Qingyuan; Uncertainty; the capital of the other shareholders of Songdu Lithium cannot be fully verified, and the company's cooperation mechanism with the remaining shareholders has not yet been clarified; the source of the company's funding is the possibility of the project sales payment, and there is a difficult possibility of the expected; There are risks that cannot be controlled by the Capital Lithium.

After the concept of lithium lithium, Songdu shares harvested 12 daily limit in 19 days. The stock price rose from 2.69 yuan on March 1 to 7.22 yuan on March 22, an increase of 168.4%.

However, at the peak of the stock price, Songdu began to sell the 2018 employee holding plan, and sold 98%of the shareholding in one day, cash out 220 million yuan; on March 23, the position was cleared. Seven directors, including chairman Yu Jianwu, made a one -time profit of 27.1961 million yuan.

From March 14th to 22nd, Songdu shares have disclosed the announcement of the stock price in three times. They all claim that there is no situation of the shares of the directors of the directors of the director and supervision of the company. In the two risk prompt announcements, the risk of recent employee holding plans is prompted.

It was not until the evening of March 23 that Songdu shares disclosed the announcement of the clearance reduction, and that night, it received a letter of attention from the supervision of the Shanghai Stock Exchange and the supervision of the Zhejiang Securities Regulatory Bureau.

Eventually, on March 28, the company announced that seven directors and supervisors announced the abandonment of the above revenue and donated it to the company for free of operating funds. On April 1, Songdu announced the decision to receive administrative supervision measures of the Zhejiang Securities Regulatory Bureau, which took supervision and management measures with a warning letter to Songdu and related personnel, and recorded the integrity file. The Shanghai Stock Exchange also issued a letter of intent for discipline.

▶ The story of the cross -border lithium battery, the drunkard is not wine

Songdu is a well -known real estate development enterprise in Hangzhou. The performance has continued to decline in the past two years: in 2020, operating income of 7.161 billion yuan, net profit of 352 million yuan, a year -on -year decrease of 40.08%; revenue in 2021 was 7.498 billion yuan, and net loss was 394 million yuan; The net profit in the first half of 2022 is 7.5 million to 11 million yuan, a year-on-year decrease of 90.07%to 93.23%.

The main business is not bad. In January this year, Songdu announced the cross -border entry into the lithium battery industry. Since then, the relevant progress of the lithium industry has brought about the rise of stock prices and precise cash cash withdrawal. In the past six months, the lithium project has no substantial progress, which has to be questioned that the story of the cross -border lithium of Songdu shares cannot be taught.

As the heat of lithium battery continues to rise, many listed companies in other industries have tried to cross -border a share.

In the second half of 2021, the cement business was born. The main business is the acquisition of 4 lithium companies in the field of environmental protection and traditional building materials (000546.SZ) in two months, and entered the field of lithium battery raw materials. Subsequently, the company also announced that it intends to contribute 510 million yuan to buy a lithium ore.

In November 2021, the textile giant BOC Emperor (000982.SZ) is expected to invest 2 billion yuan to build an annual output of 80,000 tons of lithium iron phosphate projects for the positive electrode material of the positive pole material, and then receive a letter of attention issued by the Shenzhen Stock Exchange. In June this year, the project was approved by EIA.

In February of this year, the garden ecological engineering dealer Tianyu Ecology (603717.SH) announced that it intends to increase the capital of Lithium Sixth Fluorophytics Manufacturer Qinghai Juyuan New Materials Co., Ltd. for no more than 610 million yuan in cash. And get control.

On March 28, Xilong Science (002584.SZ) issued an announcement saying that it is planned to acquire 100%equity of Lithium -ion battery positive material dealer Xintai Yingying and New Energy Materials Co., Ltd. In August, the company released a planned increase of 1 billion yuan, of which 900 million yuan was used for an annual output of 50,000 tons of lithium iron phosphate orthopedic material projects.

In July, Xinke Materials (600255.SH) released a fixed increase plan, and the raised funds will be launched by 1.066 billion yuan. Xinke materials are mainly engaged in the production, development and sales of copper and copper alloy plates, belt materials and other products, and have no experience in the field of battery production. In July, the*ST Future (600532) announcement of iron mining and transformation of medical care plans to acquire 70%equity of Ruifu Lithium industry with no more than 3.85 billion yuan and 70%of Xinjiang Dongli.

According to incomplete statistics, more than 20 listed companies have announced the cross -border involved in the lithium battery industry chain since last year. Most of the company's stock prices on the secondary market have also risen. Harled 14 daily limit.

The Red Star Capital Bureau noticed that many cross -border lithium -consuming companies are not good in fundamentals, and some even lose money in the year. An industry insider told the Red Star Capital Bureau that the industry dividend and high prosperity of the lithium battery have prompted enterprises to invest cross -border investment. "Some companies are seeking new growth points, such as Jinyuan shares, and the gross profit margin of environmental protection business is only one digit. Some are afraid that the drunkard is not wine. "He also pointed out that cross -border has high risk and difficulty in forming a synergistic effect with the company's existing business. And many companies flock to enter the lithium wire track, which will inevitably lead to overcapacity, and may eventually leave a feathers.

Red Star News reporter Wu Danruo

Editor Deng Yiguang Editor Peng Jiang

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