Wanjie Hi-Tech: two consecutive years of losses, was implemented special treatment of delisting risk warning
Wanjie Hi-Tech (600223) is scheduled to publish a summary of the company's 2006 annual report on April 12, 2007, due to the company's two consecutive years of losses, according to the relevant provisions of the company's shares will be According to the relevant regulations, the company's stock will be subject to the special treatment of delisting risk warning on April 13, 2007, and the company's trading was suspended on April 12, 2006 for one day.
Type, abbreviation and stock code of the stock under delisting risk warning
The company's stock is an A-share listed on the Shanghai Stock Exchange, abbreviation: ＊ST Wanjie, stock code: 600223, and the stock's upward and downward limit is 5%.
The main reason for the implementation of delisting risk warning
The company has two years of consecutive losses.
The company's board of directors on seeking to revoke the delisting risk warning and specific measures:
Because of the polyester industry background, the company's 2006 annual operating losses, mainly: 1, 2006, the international crude oil prices are still at a high level, the company's polyester products, the main raw materials of the high prices of PTA, EG, resulting in an increase in the company's production costs; 2, by domestic Polyester industry market downturn, the company's products polyester filament, staple fiber prices continue to decline and lack of sales; 3, the company's subsidiary in Shandong Zibo Tongyu New Materials Co., Ltd. polymerization unit and Zibo Bo Yi Fiber Co. and polyester staple fiber production and sales volume. In the face of the above difficulties, the board of directors of the company will take positive measures to ensure the company's continuous and stable production and operation. First, with the support of the government at all levels, to obtain the understanding of the relevant creditors, *** with the fight for the relevant national policies to solve the difficulties faced. Second, to ensure that the Agricultural Bank of China, Industrial and Commercial Bank of China to continue to cooperate with the company, to maintain the normal operation of existing enterprises. Third, by strengthening the internal management of enterprises, tapping the potential to reduce consumption, minimize the company's production costs, in order to enhance the efficiency of the ultimate goal, to achieve the company's sustained and stable operation.
Risk warning of possible suspension and termination of stock listing
If the company fails to reverse the loss situation by the end of the current year, the company's stock may be suspended or terminated.
The main way for the company to accept investor inquiries during the delisting risk warning period
Address: Securities Department of Wanjie Hi-Tech, Boshan Economic Development Zone, Zibo City, Shandong Province
Postal code: 255213
Secretary of the Board of Directors: Sun Guoqing
Securities Representative of the Board of Directors: Lv Chunyan
Telephone: 0533-3585809
Telephone: 0533-3585809
Telephone: 0533-3585809 3585809
Fax: 0533-3585836
E-mail: wanjie@wanjie.com
Internet site designated by the China Securities Regulatory Commission where the relevant announcements of the Company are published:
The Board of Directors of the Company draws the attention of investors to the investment risks.