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Original title 70,000 shareholders fry the pot! The listed company behind Zheng Shuang's 160 million sky-high salary was suddenly ST! The financial report was "non-standard", and some directors could not guarantee the truth! The stock price plummeted, and over 10 billion was wiped out!
Recently, the whole market is being swiped by "160 million yuan in film pay" and "2.08 million yuan in average daily pay" , star Zheng Shuang's "yin-yang contract", split income to obtain "high-priced remuneration", tax evasion and other suspected illegal activities are further fermented.
And the listed company behind the 160 million yuan salary that gave her - Beijing Culturespan> (rights protection), suddenly there was a big thunderstorm. An announcement was issued before 12:00 late last night, announcing that he was "st". What is even more shocking is that some directors also claimed that the company's financial report for 2020 and the financial report for the first quarter of this year, they could not guarantee that it was true.
Be aware that Beijing Culture is the top three of the Chinese films on the box office total list Movies, "Wolf Warrior 2", "Hello, Li Huanying" and "The Wandering Earth", but their performance is still not satisfactory. How did the company become such a field? No wonder the stock price of Beijing Culture keeps falling!
Since the stock price hit a new high of 40 yuan in June 2015, Beijing Culture's stock price has fallen by more than 80%, and its market value has evaporated by more than 10 billion yuan.
Beijing Culture is subject to other risk warnings
The stock abbreviation was changed to "ST Beiwen"
In the middle of the night on the 29th, the listed company Beijing Culture issued an announcement, which mentioned,
1. Trading will be suspended for one day on April 30, 2021 (Friday), and will resume on May 6, 2021 (Thursday).
2. The company's shares will be subject to "other risk warnings" from May 6, 2021, the stock abbreviation will be changed from "Beijing Culture" to "ST Beiwen", and the stock code will remain "000802" .
3. After the company's stock is issued with other risk warnings, the daily ups and downs of stock trading are limited to 5%.
Why was it ST? The announcement also explains the reasons. The announcement shows that because Suya Jincheng Certified Public Accountants (Special General Partnership) issued a negative opinion on the effectiveness of the company's internal control in 2020, the "Internal Control Audit Report" (Su Ya Shen Nei  No. 22) , according to the provisions of Article 13.3 (4) of the "Shenzhen Stock Exchange Listing Rules", the company's shares will be suspended for one day from the opening of the market on April 30, 2021, and will be implemented after the resumption of trading on May 6, 2021. Risk Warning".
The auditor also explained the reason in the annual report: Beijing Culture Atom Company Beijing Century Partner Culture Media Co., Ltd. invested in other equity instruments (Zhoushan Jiawen Xile Equity Investment Partnership (Limited Partnership)) at the beginning of the period of 366,992,100 Yuan. This investment has been transferred out with the disposal of Beijing Century Partner Culture Media Co., Ltd. in this period. Due to Zhoushan Jiawen Xile Equity Investment Partnership (Limited Partnership)Partner) failed to provide accounting books, vouchers, capital flow and other accounting information, we failed to implement the necessary auditing procedures for the opening balance of the investment, and were unable to review the opening balance of the investment and its possible impact on the data of the current year and comparable periods. make an accurate judgment on the impact.
It is worth noting that the subsidiary of Beijing Century Partner Culture offered Zheng Shuang a sky-high salary of 160 million.
Beijing Culture also issued the "Announcement on the Inability of Some Directors to Guarantee the Authenticity, Accuracy and Completeness of the 2020 Annual Report and the 2021 First Quarterly Report":
Among them, Zhang Yunlong, director of the company, cannot guarantee the truthfulness, accuracy and completeness of the contents of the 2020 annual report, and the false records. The detailed reasons are: "1. In January 2020, Lou Xiaoxi, the former legal person and chairman of Century Partners, a former wholly-owned subsidiary of Beijing Culture, was placed on file for investigation by the public security organ for suspected misappropriation of funds; in December 2020, Beijing Culture was placed on file for investigation by the Beijing Securities Regulatory Bureau. These two cases have not yet been closed, and it is impossible to judge the impact of the final results of the two cases on the company's 2020 annual report; 2. There are major policy risks in the approval of the wholly-owned subsidiary Dongfang Shanshui planning and approval, and there are major uncertainties in the project development. Unable to judge its impact on the company's 2020 annual report".
The company's independent director Wang Yan cannot guarantee the authenticity, accuracy and completeness of the company's 2020 annual report and 2021 first quarter report, and the details are as follows: "The impairment matters have not been carefully discussed and studied by the board of directors. Formation of resolutions, internal control self-evaluation, without serious discussion and resolution by the board of directors, whether the substance of the economic activities of important matters is true, accurate and complete is not reflected in the annual report.
Netizens commented that the yin-yang contract has made the company a serious problem. Hollowed out.
2020 net profit loss of 767 million yuan
2021 No. 1 The net profit loss in the first quarter was about 26.89 million yuan.
According to the financial report, the company achieved operating income of 426 million yuan in 2020, a year-on-year decrease of 50.22%; the net profit attributable to shareholders of the listed company was a loss of 767 million yuan The loss narrowed compared with the same period last year; the net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses was 790 million yuan, and the loss narrowed compared with the same period last year; basic earnings per share was -1.0719 yuan.
In fact, Beijing culture can be described as "ill-fated" in recent years. Although 2021 is expected to hit a blockbuster movie "Hello, Li Huanying" has brought some benefits to Beijing Culture. However, because it is a guaranteed bottom line, Beijing Culture's operating income from the film's box office is only about 65 million yuan.
Financial report data It shows that Beijing culture has already made ends meet.
From 2017 to 2019, Beijing culture revenue was 1.321 billion yuan, 741 million yuan, and 855 million yuan respectively, a year-on-year increase of 42.57%, -43.88%, and 15.37%, respectively. ; Net profit was 393 million yuan, 223 million yuan, and -2.328 billion yuan, down 39.55%, 43.27%, and 1144.16% year-on-year.
Zheng Shuang was given 160 million sky-high remuneration
A former subsidiary of Beijing Culture
Zheng Shuang is the other party to the Yin-Yang contract, and is the century partner of the producer of "A Chinese Ghost Story". During the production process of the play, Century Partner was still a wholly-owned subsidiary of Beijing Culture and the main business film and television drama sector.
In 2016, Beijing Culture spent 1.35 billion to purchase Century Partner. At the time of the acquisition, Beijing Culture and Century Partner signed a gambling agreement. Century Partner promised that from 2014 to 2017, the net profit would be no less than 90 million yuan, 110 million yuan, 130 million yuan and 150 million yuan, while Century Partner's net profit during this period For 95 million, 114 million, 135 million and 150 million, it can "press the line" to complete the performance every year.
In 2019, the business situation of Century Partners has turned sharply. straight down. Beijing Culture suffered a huge loss of 2.3 billion. The financial report attributed the main reason to the decline in the performance of its subsidiaries "Century Partner and Galaxy Culture", and decided to make a goodwill impairment provision of 1.37 billion to 1.47 billion for Century Partner. It was in 2019 that Zheng Shuang received a salary of 160 million from the "A Chinese Ghost Story" project.
In April 2020, Beijing Culture transferred Century Partners to Beijing Fuyi Xingda Culture Development Co., Ltd. at a low price of 48 million yuan, resulting in a hugeDue to the impairment of goodwill, Beijing Culture suffered a huge loss of 3.1 billion yuan in two years.
On the day of the transfer, Lou Xiaoxi, chairman of Century Partners, reported Beijing Culture with his real name: "Beijing Culture systematically falsified financial affairs, used projects such as "A Chinese Ghost Story" to help subsidiaries that have not completed their performance, and channeled benefits through TV dramas ."
On January 4, 2021, Beijing Culture was put on file for investigation. The warning letter from the Beijing Securities Regulatory Bureau shows that the "A Chinese Ghost Story" project involves illegal revenue recognition.
Even if it bet on many phenomenal hits such as "Wolf Warrior 2", "I'm Not the God of Medicine", "Wandering Earth", Beijing Culture can't escape the bad luck of huge losses.
As of the latest data, the market value of Beijing Culture is less than 4 billion. Compared with the beginning of 2016, the cumulative evaporation exceeded 20 billion yuan. In addition, there are as many as 70,000 shareholders.
SARFT: Resolutely support investigation and punishment according to law
"Yin-Yang Contract" and "Sky-High Remuneration" Issues such as
According to the website of the State Administration of Radio, Film and Television on April 29, the State Administration of Radio, Film and Television stated on the 29th that it had instructed the Beijing Municipal Bureau of Radio, Film and Television to investigate the production organization of the TV series "A Chinese Ghost Story" for allegedly violating the production cost allocation ratio. The relevant regulations initiate an investigation, and at the same time require the Beijing Municipal Bureau of Radio, Film and Television, the Shanghai Municipal Bureau of Radio, Film and Television to cooperate with the taxation department to investigate suspected illegal acts such as the signing of a "yin-yang contract" with Zheng Shuang, splitting income to obtain "astronomical remuneration", and tax evasion. Violations of laws and regulations will be dealt with severely.
The State Administration of Radio, Film and Television stated that it will strictly implement the relevant regulations of the "Notice on Further Strengthening the Management of the Creation and Production of TV Dramas and Network Dramas" and the "Notice on Further Strengthening the Management of Radio, Television and Online Audio-visual Art Programs" to further strengthen TV industry management.
On April 26, Zhang Heng, who had two children together with Zheng Shuang and was in a lawsuit with Zheng Shuang. It was revealed on the blog that Zheng Shuang had evaded and evaded taxes, and he had designated the "State Administration of Taxation".
The chat records provided by Zhang Heng with Zheng Shuang, Zheng Shuang's father Zheng Chenghua, and Zheng Shuang's mother Liu Yan show that the contract for "A Chinese Ghost Story" filmed by Zheng Shuang includes: A "Yang contract" with a salary of 48 million yuan, and a "Yin contract" of 112 million yuan to increase the capital of a company. In addition, in order to pay less tax, Liu Yan also personally taught the method of "tax avoidance".
If the revelations are true, it would be equivalent to Zheng Shuang getting a salary of 160 million yuan for a "A Chinese Ghost Story", which is equivalent to a monthly salary of 10,000 yuan. The sum of the wages of a person in 1333. If Zheng Shuang's 77-day shooting period is calculated, the daily salary is as high as 2.08 million yuan.
The concept of 160 million may be abstract, let’s take a look at a few comparisons:
Suppose you have a monthly income of 10,000 (there are still 600 million people in China whose monthly average income is less than 1,000 yuan) ), you have to work continuously for 1333 years without eating or drinking to earn 160 million, which is equivalent to starting working from the year when Wu Zetian married Princess Taiping to Xue Shao.
Some people chose to give up, "I have to start earning from the monkey days."
"Cool" soon became a new unit of measurement. According to Tianyancha's conversion, the annual income of the top 1 Alibaba is about 220 cool, and Sina Weibo, which has contributed a lot of popularity to Xiaoshuang, can only earn 4 cool.Scan the QR code to open an account within 3 minutes>> Massive information, accurate interpretation, all in Sina Finance APP
Responsible editor: Wang Han