Used 600 million yuan of funds in violation of regulations, Chu Xiongguo's ticket ticket!Involved bond fundraising is intended to repay the due debt, and the company's total liabilities are still increasing

Today (September 16), the Yunnan Securities Regulatory Bureau announced that the decision to have a warning letter of Chu Xiong's state investment and relevant responsible persons had punished Chuxiong State -owned Capital Investment Group Co., Ltd. and Guo Jiaquan. After investigation, the company's "21 Chuxiong 01" bonds on May 7, 2021 Non -public issuance of corporate bonds raised a total of 1 billion yuan, of which 600 million yuan of raised funds did not meet the use of the promotion of the raising manual.

Every reporter found in the use of funds raised by the bond that after deducting the issuance costs, it is intended to be used to repay the due debt. According to Wind statistics, as of the end of 2021, Chuxiong Guo's debt was 11.842 billion yuan. By this year's interim report, it had risen to 15.521 billion yuan, of which short -term debt had accounted for 37.85%of the total debt.

600 million raised funds do not meet the agreed use

Chu Xiongzhou State -owned Capital Investment Group Co., Ltd. (hereinafter referred to as Chu Xiong Guotou) successfully issued the first private equity corporate bond "21 Chu Xiong 01" in May last year. Message.

On September 16, the Yunnan Securities Regulatory Bureau informed that Chu Xiongguo Investment on May 7, 2021, non -publicly issued corporate bonds, raised a total of 1 billion yuan, of which 600 million yuan of raised funds did not meet the use of the promotion of the raising manual. According to the relevant provisions of the "Company Bond Issuance and Transaction Management Measures", the company's chairman Guo Jiaquan and the company's administrative regulatory measures with alert letter.

Public information shows that Chu Xiong Guo Investment was established in 2016 and involved investment and asset management business. The main business is mainly composed of two sections: engineering construction business and business business. According to the company's 2021 annual data statistics, sales and trade accounts for 58.85%. In addition, the company's external investment involves energy development, supply chain management, cultural travel travel and real estate projects. According to Qixinbao data, there are about 25 foreign investment.

"Daily Economic News" reporter found from the "21 Chuxiong 01" raised funds that after deducting the issuance fee of the corporate bonds, it was intended to repay the due debt. With the disclosure of the use of funds raised in this violation, the pressure of corporate debt repayment may further increase.

It is worth noting that the type of bond interest rate is a fixed interest rate, and 7.30%of the ticket interest rate is not low in the issue cost of private equity bonds at that time and now. As of now, the remaining years of the bonds are still 1.6411, and there is still 233 days before the next daily date. Performance redemption and the repayment needs of the company's own debt may be a problem they are facing.

In 2022, the total liabilities of Chuxiong Guo Guo are still increasing

Since the beginning of this year, the discussion of the risk of corporate bond financing and redemption risks is endless, and the pressure of the bonds similar to state -owned enterprises and related investment platforms has indeed improved. To a certain extent, it reflects the problem of high funding pressure and passive compression of the financing week.

According to the data released by the Shanghai Bill Exchange a few days ago, as of August 31, 2022, the statistical business ticket continued to be overdue, with a total of 4,146 overdue enterprises, an increase of 1,034 from the end of July. It is worth noting that the number of urban investment platforms increased by 9 from July, and the cumulative overdue overdue in August was 886 million yuan, a significant increase of about 654 million yuan from July.

At the same time, the previously disclosed information showed that the number of commercial tickets for urban investment platforms has been increasing since this year, and many urban investment has exceeded two times overdue. The reporter found that Chu Xiong's debt pressure has not been underestimated since this year.

According to Wind statistics, when Chu Xiong Guotou disclosed the 2021 annual report, the total liabilities were 11.842 billion yuan, and the asset -liability ratio at that time reached 48.79%. By this year's interim, the company's liabilities rose to 15.521 billion yuan, and the asset liability ratio rose to 49.65 to 49.65 %, Nearly 1 percentage point from last year's annual report.

Fortunately, the company's monetary assets have increased from the end of last year, from 982 million yuan to 1.898 billion yuan. However, the company's current investment cash flow has been negative. As of this year's interim report, it has a statistics of -131 million yuan. This means that the probability of enterprises is still expanding, and the expenditure of foreign investment is still underway.

However, it should be pointed out that for the purpose of previous Chu Xiong Guo's debt financing to pay off the debt, the difficulty is still not small in terms of the current debt level and profit level. According to statistics, by the mid -year report in 2022, Chuxiong Guo's short -term debt has accounted for 37.85%of the total debt amount, while the company's net profit level is currently only 20 million yuan, and the main business profit margin is 5.63%, which is compared to 2021 annual reports. 11.16%declined sharply.

Daily Economic News

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