Changchun High & New Technology Industries: Received letter of concern from stock exchange over speeches of second-largest shareholder

NBD AI Bulletin -- The Shenzhen Stock Exchange sent a letter of concern to Changchun High & New Technology Industries Inc (the Company, SZ 000661, closing price: 383.36 yuan) on September 15, 2020.

Jin Lei, the second-largest shareholder of the Company, also served as general manager of the Company's subsidiary Changchun Genescience Pharmaceutical Co., Ltd. It is reported that on an institutional research meeting of Changchun Genescience Pharmaceutical Co., Ltd., Jin Lei mentioned that: 1. Problems remain in the promotion model in other cities; a bad performance in Q3 is also partially a result of a bad working attitude; 2. The growth forecast for 2021 was lowered from 35% to 25%. 3. As 1 billion yuan tax has to be paid, Jin has to reduce holdings in the Company by the year-end.

The Shenzhen Stock Exchange demand the Company to disclose how much does Changchun Genescience Pharmaceutical Co., Ltd.'s revenue and net profit account for the total revenue and net profit of the Company in the past years; to elaborate on whether the market can directly induce the Company's performance from the performance of Changchun Genescience Pharmaceutical Co., Ltd.; to disclose the difference between the performance forecast for the July 1 to September 30 period and the last period; to verify Jin's sayings about the performance forecast of Changchun Genescience Pharmaceutical Co., Ltd. The Company is required to deliver a response to those questions to the Shenzhen Stock Exchange before September 18.

The 2020 semi-annual report shows that Changchun High & New Technology Industries Inc mainly engages in the pharmaceutical industry, real estate, services, accounting for 86.53%, 13.01%, 0.46% of revenue, respectively.

The chairman of Changchun High & New Technology Industries Inc is Ma Ji, male, 55 years old, senior engineer, master's degree in engineering. The general manager of Changchun High & New Technology Industries Inc is An Jixiang, male, 59 years old.

Tips on "Stock Trends":

1. The number of shares held by northbound investors increased by 1.5627 million in the past 30 days, accounting for 0.46% of the Company's circulating shares. 

2. There was no institutional research on the Company in the past 30 days.

(By Tan Yuhan)

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