[Continuous negative news in Yinlong, Zhuhai, sudden termination of IPO counseling] On May 30, the Guangdong Securities Regulatory Commission disclosed that the latest issue of Guangdong Province has reported that the listed company’s counseling work schedule shows that Zhuhai Yinlong New Energy Co., Ltd.’s The coaching progress bar shows "Training terminated". The latest progress time is January 17, 2018. It is understood that in May last year, relevant media disclosed the news of "Zhuhai Yinlong sprint IPO" and it attracted strong media attention. However, Zhuhai Yinlong, which is so much favored by Miss Dong, has continued to have negative news this year. Six years ago, Wu'an New Energy Industrial Park was started in high-profile in Wu'an. At that time, public information showed that the project covered a number of blocks, including lithium carbonate materials, lithium-ion batteries, new energy vehicles, energy storage, and equipment, with a total investment of 30 billion yuan. Yinlong is a large industrial park, and its subsidiaries, Hebei Yinlong, Northern Olympics, and Guangtong Automobile, have taken most of this industrial park. According to the plan at that time, after the new energy project had completed a total investment of 30 billion yuan, the annual output value would reach 120 billion yuan, equivalent to the reconstruction of a Wu'an city. However, according to informed sources, recently, employees of some factories in Hebei Yinlong Plant who were on holiday received notice and were required to attend one-month training. The training period ended on May 31. Employees who cannot attend training on time will be resigned by default. According to news, in the near future, Guangtong Automobile's sales had problems and orders abruptly decreased. This directly led to Hebei Yinlong, which provided batteries for it, also falling into a state of overcapacity and a large backlog of inventory. In addition to the above bad news, there are Zhuhai Yinlong and two senior executives who have left the company after half a year. Zhuhai Yinlong’s change of business information records showed that on November 29 last year, the Yinlong legal representative changed from Wei Yincang to Sun Guohua; then on December 1st, Yinlong’s chairman changed from Wei Yincang to Sun Guohua. This means that Wei Yincang has already stepped down from the head of Yinlong. If Sun Guohua’s succession has been the partner of Wei Yincang, this time the personnel accident is not a storm. Then on a board of directors just a few months later, Sun Guohua was also relieved of Zhuhai Yinlong’s position as chairman and president. Concerned about the outside world. At that time, there was news that a large number of people from Gree’s background entered Yinlong as senior executives. Judging from the performance of Yinlong last year, it is also very satisfactory. Zhuhai Yinlong's operating revenue in 2017 was 8.752 billion yuan and net profit was 268 million yuan. According to Gree’s previous announcement, Zhuhai Yinlong’s 2016 operating income was 7.898 billion yuan and net profit was 836 million yuan. From this perspective, while Yinlong's revenue grew by 10.8% in 2017, net profit fell by 67.94%. Wei Yincang, chairman of Zhuhai Yinlong who has already left, has publicly stated that in 2017 Yinlong’s goal was 30,000 capacity and sales of RMB 30 billion, but in fact, Yinlong’s performance in 2017 was significantly worse than expected.
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