ST Mingcheng lost a loss of 362 million yuan in the first half of the year. Contemporary Group was trapped in debt quagmire

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Our reporter Li Wanchen Xi on August 31, ST Mingcheng released the 2022 semi -annual report. During the reporting period, the company realized operating income of 805 million yuan, a year-on-year decrease of 1.20%; the net profit attributable to shareholders of listed companies was -362 million yuan, and the same period of the previous year was -198 million yuan. According to the semi -annual report, as of June 30, ST Mingcheng's total assets were 7.194 billion yuan, total liabilities were 6.887 billion yuan, and net assets were only 424 million yuan, forming a goodwill of 2.576 billion yuan, and only one step away from the capital debt. Essence ST Mingcheng said that due to the continuous influence of the epidemic, the film and television and sports industries have showed an overall decline, and the impact of higher financial expenses has caused the company's cash flow shortage to be more serious, which has caused a large number of lawsuits caused by the dispute between loan contracts, and the lawsuits, and the lawsuits caused by the dispute between the loan contract, and Arbitration. Under the influence of the debt crisis of the company's major shareholder of the company, how to "cross the robbery" is the largest test of ST Mingcheng's future development. The main business of the sports sector's income is almost exhausted ST Mingcheng's main business is the two major sections of film and television media business and sports business. In 2015, after the contemporary group entered the contemporary style (ST Mingcheng's previous stock name), he continued to invest in large investment and acquired Qiangshi Media, Double Blade Sword Sports and Xinying Sports, but eventually brought ST Mingcheng's continuous losses. From 2019 to 2021, ST Mingcheng's non -net profit continued to lose money, with a cumulative loss of more than 3.4 billion yuan. In the first half of 2022, it lost 362 million yuan. What is worse is that ST Mingcheng announced in 2018 that the copyright of the La Liga that has been purchased by the purchase has been terminated in advance. The company will no longer have the all -media copyright business of the La Liga. ST Mingcheng said that the La Liga currently accounts for about 30%of the company's copyright business revenue. If the two parties are finalized, it will cause the company to lose the copyright of the La Liga media, and may also face huge claims. The amount involved is about 679 million yuan. Today, ST Mingcheng's main income (sports sector) is almost exhausted. In addition, the company is also facing major issues such as lawsuits and illegal guarantees. On August 20, ST Mingcheng issued an announcement on major lawsuits involved in company and company holding subsidiaries, involving the amount of RMB 66.665 million and HK $ 17.758 million. On August 19, ST Mingcheng also "exploded" and found that 325 million yuan in illegal guarantee was found, accounting for 49.67%of the audited mother net assets of 2021, accounting for 610.83%of the book currency funds on March 30, 2022, 2022, Essence ST Mingcheng said that the above -mentioned illegal guarantee is expected to have a significant impact on the company's net assets and cash flow. However, ST Mingcheng believes that the validity of the relevant violation guarantee contract is flawed. The announcement stated that the "highest guarantee contract" has not been submitted by the company's internal approval and decision -making procedures. In the "Quality Guarantee Contract", the chairman of the company was found to be a legal person in the company. Lawyer Liu Lufeng, Hubei Dexin Law Firm, believes that according to the judicial interpretation of the Supreme Law and the case, if the facts of the fact that ST Mingcheng referred to the guarantee before, it was only on June 30, 2022 to know the aforementioned from one of the contemporary groups of the defendant. The fact that illegal guarantee is not responsible for illegal guarantee; otherwise, ST Mingcheng will bear some guarantee responsibilities. What did the company have taken the difficulties and problems currently facing ST Mingcheng? What should be taken in the future? In this regard, the reporter of the Securities Daily called the relevant person in charge of ST Mingcheng, and the other party expressed the inconvenience. In an interview with the "Securities Daily" reporter, the founder of the lens company said that ST Mingcheng not only faced the continuous operating ability of the main business, but also faced serious corporate governance issues. It is difficult to solve the problem by the company's internal force alone. The key depends on whether external forces are involved in debt and asset reorganization to solve the debt problem while restoring the company's sustainable operating capabilities. Contemporary groups were caught in the debt crisis to save ST Mingcheng. Contemporary group controlling shareholders contemporary technology once wanted to find a state -owned assets in Wuhan, but the matter was blown. Now the contemporary group of major shareholders is also overwhelmed, and ST Mingcheng has lost his life -saving straw. Since the beginning of this year, the debt crisis of contemporary groups has broke out rapidly. On April 6, the first mid -term bill of contemporary groups had a substantial breach of contract. Subsequently, a series of bonds and bills defaulted in default, and the equity of the people held by the blessing medicine, the three special cable channels and the ST Mingcheng were all jealous and the judicial label. The reporter sorted out and found that in recent years, thanks to the accumulation of capital in the field of pharmaceuticals, contemporary groups have begun to expand their territory through extension and mergers and acquisitions, and have successively deployed in the fields of real estate, tourism, sports, and finance. However, radical expansion and diversified operations not only did not make companies achieve good growth, but instead made contemporary groups carrying huge debts, superimposed the impact of the new crown epidemic, and the company's development of real estate, tourism and cultural and sports business faced unprecedented difficulties. In addition to debt defaults, over 5 billion yuan of wealth management products related to the "contemporary department" are also overdue. According to people familiar with the matter, the local government is auditing the contemporary group, and the "contemporary department" is cleared up the capital, and the pursuit of capital investment and improper benefit. At the same time, the financial debt committee of contemporary groups has been established in mid -May this year, and the scale of debt statistical in late June has reached six or 70 billion yuan.

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Picture ｜ Bag Picture Network Station Cool Hero Production | Liu Zhizhi

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