Stock speculation depends on the Research Report of Jinqilin analyst. It is authoritative, professional, timely and comprehensive to help you tap the potential theme opportunities!

“Illegal fund-raising was 139.5 billion yuan, and 119600 fund-raising participants lost 16.388 billion yuan in principal.”

On the afternoon of April 14, a message from the Shenzhen Municipal People’s Procuratorate revealed the huge hole left by the “godfather of online loan” Zhou Shiping and the Hongling system under his control after the explosion of P2P platform. Zhou Shiping was also prosecuted for the crime of illegal deposit collection and other crimes.

On the evening of April 14, Zhou Shiping’s A-share company Shennan shares made an emergency announcement that the above matters were personal cases of controlling shareholders and actual controllers, which had nothing to do with the company.

Part of the funds are used for house purchase and debt repayment

On the afternoon of April 14, the Shenzhen Municipal People’s Procuratorate issued a notice on the litigation rights and obligations of the victims of the case of Zhou Shiping, Hu Yufang, Xiang Xu and other 18 people suspected of fund-raising fraud and illegal absorption of public deposits. Zhou Shiping and other 18 people were recently transferred by Futian branch of Shenzhen Public Security Bureau to Shenzhen People’s Procuratorate for examination and prosecution on suspicion of fund-raising fraud and illegal absorption of public deposits.

The notice shows that the principal loss of relevant P2P investors exceeds 16.3 billion yuan. The investigation authorities confirmed that suspect Zhou Shiping, together with Hu Yufang, Xiang Xu and others, used the Hongling venture capital investment treasure network loan platform and the “Hongling capital line financial management” project from March 2009 to September 2021. Through public propaganda, baited capital and interest rates and high return as bait, illegal funds were raised to the unspecified public online and offline. The total number of fund-raising participants was 516 thousand and 800, and illegal fund-raising was 139 billion 500 million yuan. Causing 119600 fund-raising participants to lose 16.388 billion yuan in principal.

At the same time, the notice also pointed out that the funds absorbed by Hongling department were used to repay the principal and interest, acquire listed companies, buy and sell securities and futures, invest in equity, and lend abroad. Some of the funds were used by Zhou Shiping to buy real estate and repay personal debts.

For the above news, Shennan Co., Ltd., A-share company under Zhou Shiping, urgently announced that Zhou Shiping would no longer hold any position in the company after resigning from relevant positions such as chairman and legal representative of the company in May 2021. The above matters are personal cases of controlling shareholders and actual controllers, which have nothing to do with the company and do not have a significant impact on the daily production and operation of the company.

Hongling venture capital was once a well-known online loan platform

It is understood that Zhou Shiping, known as the “godfather of online lending” in the industry, was born in Rugao, Jiangsu Province in February 1968. He began to focus on the value research of domestic securities market and listed companies for a long time in 1993, and has more than 20 years of securities investment experience. In the second half of 2008, we began to prepare for the establishment of Hongling venture capital, an online loan platform. In March 2009, Hongling venture capital was officially launched. Meanwhile, Zhou Shiping is also the actual controller of Shennan shares of A-share company.

The official website of Hongling venture capital shows that the cumulative successful lending amount is as high as 452.8 billion yuan, and the total number of transactions has reached 12.34 million.

Since its establishment in 2009, Hongling venture capital, especially from 2015 to 2017, has achieved explosive development, with an annual lending amount of more than 100 billion yuan.

With the explosion of more and more P2P platforms, Zhou Shiping announced a benign exit in Hongling community in March 2019. Hongling venture capital will liquidate online creditor’s rights assets at the end of December 2021 and start cashing in April 2019.

In July 2021, Shennan announced that Zhou Shiping, the controlling shareholder and actual controller of the company, had been taken criminal coercive measures.

Zhou Shiping’s companies face delisting risk

When Zhou Shiping was prosecuted, his controlled Shennan shares were in deep trouble. At present, Zhou Shiping and his co-operative Hongling Holding Co., Ltd. hold 23.50% of Shennan shares, but all relevant shares have been frozen by the judiciary.

In June 2021, Shennan shares announced that the main reason for the freezing of shares was the litigation involved in the settlement of disputes related to online loan platforms such as Hongling venture capital e-commerce Co., Ltd. controlled by the controlling shareholder Zhou Shiping, which led to the judicial freezing of equity by the court.

It should be noted that on the evening of April 14, Shennan shares announced that Zhou Shiping’s case had nothing to do with the company. At the same time, it also issued three announcements in a row. One of the most important announcements is that the company’s stock trading may be subject to delisting risk warning.

The announcement shows that Shennan shares expects the audited net profit in 2021 to be negative and the operating income to be less than 100 million yuan. According to relevant regulations, after the disclosure of the 2021 annual report, the company’s stock trading may be subject to delisting risk warning (the abbreviation of the stock is preceded by “ ST”).

The other two announcements are the annual performance express of 2021 and the performance forecast of the first quarter of 2022.

The announcement shows that Shennan Co., Ltd. expects the net profit attributable to the shareholders of the listed company in 2021 to be - 117 million yuan (Unaudited), and the estimated operating income to be 106 million yuan (Unaudited). After deducting the business income irrelevant to the main business and the income without commercial substance, the operating income will be 98.56 million yuan (Unaudited).

For the first quarter of 2022, Shennan shares is expected to lose 3.5 million yuan – 4.5 million yuan.

Your exclusive investment gift bag! There are also 100 yuan Jingdong card and 188 yuan cash red envelope waiting for you to win 100% of the prize > >

Massive information and accurate interpretation are all in Sina Finance app